TOURISM Nine countries ease travel advisories while officials weigh new support for struggling hotels. Photo credit: booking.com Cyprus tourism slumps as British demand drops and bookings fall 60% Dorita Yiannakou The main source of tourism for Cyprus is weakening this year. British travelers, who make up the country’s largest tourism market, are showing hesitation and caution because of geopolitical instability in the Eastern Mediterranean. READ MORE
Scholz seen to pick up where Schaeuble left off Discussions on debt relief measures can only begin after a debt sustainability analysis Newsroom 13/04/2018 | BUSINESS
Banks in Cyprus, Greece and Portugal may need further reserve build-up Fitch said asset quality at EU banks is likely to continue improving in 2018 and 2019, helped by economic growth Newsroom / CNA 13/04/2018 | BUSINESS
In Cyprus cash is king Cyprus and Greece top the list of using traditional dough for money transactions Newsroom 13/04/2018 | BUSINESS
Georgiades makes a “good case” for Co-op sell-off Cyprus Cooperative Bank at a crossroads with two options on the table Newsroom 12/04/2018 | BUSINESS
House prices in Cyprus increased 2.7% on a quarterly basis The quarterly rise in property prices is among the highest in the European Union Newsroom 11/04/2018 | BUSINESS
Alpha Cyprus gets new owner Seven million deal makes no noticeable changes for viewers Newsroom 11/04/2018 | BUSINESS
Tesco beats guidance with 28 percent full-year profit increase The supermarket group made an operating profit before exceptional items of 1.644 billion pounds Source: Reuters 11/04/2018 | BUSINESS
Revenue from tourism spikes 8.5% in January Income from tourism reached €38.4 million in January compared to €35.4 million in the same month of 2017 Newsroom 10/04/2018 | BUSINESS
Hundreds of flights cancelled in Germany as airports hit by public sector strikes Lufthansa said it was cancelling more than 800 of its planned 1,600 flights on Tuesday Source: Reuters 10/04/2018 | BUSINESS
Limassol company fined €8000 for oil pollution Authorities issue out of court fine on the spot Newsroom // | BUSINESS
