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451. Tourism revenue up first six months of 2018

Revenue from tourism in Cyprus was up by 4% or €38.5 million on an annual basis in the first half of this year compared with the first six months of 2017, despite a drop in the per capita expenditure of tourists, while in June alone revenue was up by 3%...

452. Cyprus prepares new tourism body launch

A deputy tourism ministry is set to start operations by 2 January 2019, a long-awaited move expected to modernise Cyprus’ tourism industry...

453. More hotels to stay open during winter

Cyprus hoteliers say the occupancy rate has reached or exceeded 90%, with officials expecting good performance through the end of the year despite Russian numbers dwindling...

454. Merkel endorses Euro clearing move from London to Frankfurt

455. Cyprus goes all out in the maritime insurance game

Cyprus has been a serious contender in the maritime and shipping industry, but recently it emerged as one of few unbeatable alternatives for big foreign P&I clubs looking to set shop home away from home...

456. Turkish Cypriots to touch base with Ankara

Turkish Cypriot officials are reportedly getting ready for a trip to Ankara where they will discuss the Turkish economic crisis and its impact on the northern part of the island...

457. Additional revenues of 4.7 billion euros needed to reach targets

The Greek government will have to collect additional tax revenues of 4.7 billion euros in the first post-bailout period of enhanced supervision (2018-2022) by its creditors, in order to achieve the agreed primary surpluses and record surpluses....

458. UK ship insurer setting up Cyprus office over Brexit

British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access...

459. Dherynia mayor appalled at checkpoint backlash

Dherynia Mayor Andreas Karayiannis says his constituents are appalled at groups and politicians protesting against the opening of a checkpoint in their area, despite delays making the crossing an unlikely scenario this summer...

460. Cabinet okays homeowner plan ahead of crucial House session

The Cabinet approved on Tuesday the “Estia” scheme aimed at addressing the high volume of non-performing loans in the Cypriot banking sector, but time is running out as a crucial legislation package on bad loans is also up for a vote on Friday...

461. Cyprus improves but more work needed to combat human trafficking

A US report on human trafficking has reinstated the Republic of Cyprus back to Tier 1, saying the country meets minimum standards while the situation in the north is a lot worse...

462. Take-away lessons from 'Cyprus in the digital agenda'

Cyprus is turning the page in the digital age era but there are still many steps in the path forward. This appears to be the general conclusion from Thursday’s conference on "Cyprus in the Digital Agenda" organised by Kathimerini newspaper and the SPP MEDIA Group...

463. Government throws Co-Op ball in Hellenic’s court

The Cyprus Cooperative Bank will examine Monday a final offer from Hellenic Bank to acquire the troubled state-owned institution, with government seeing the buyout as a good step while critics saying tax payers are unfairly picking up the tab...

464. Casino groundbreaking a historic day for Cyprus

President Nicos Anastasiades proclaimed Friday to be a “historic day” for Cyprus during the casino groundbreaking ceremony in Limassol, just weeks before a temporary facility opens its doors in the southern town....

465. Cyprus energy search – averting a US-Turkey crisis

Cyprus continues to proceed with offshore oil and gas projects despite Turkey's opposition...

466. Britain slashes top stake on gambling machines to £2

Britain will cut the maximum stake on fixed odds betting terminals to just two pounds after the government rejected claims that it would damage the industry in favour of efforts to tackle problem gambling...

467. Thomas Cook buoyed by strong demand for Turkey, Greece, Egypt holidays

British holiday company Thomas Cook said it was on track to meet annual forecasts helped by strong demand for holidays to Turkey, Greece and Egypt, and as part of its plan to shift capacity away from parts of Spain where margins are lower...

468. Stone laying for Limassol's casino resort set for June

The stone laying ceremony for the Cypriot casino resort will take place in June, with temporary facilities ready to run in the summer ahead of the main attraction two years later...

469. Israel eyes 5% claim of Cyprus' Aphrodite gas field

Energy Ministry Yuval Steinitz told Cypriot leaders that Israel is demanding 5% or more of the production from the joint Aphrodite-Yishai natural- gas field in disputed Mediterranean waters...

470. Cyprus tourism income spikes 13%

Revenue from Cyprus tourism jumped 13% in February compared to last year, official data showed Friday...

471. First shipping minister sets ambitious targets for Cyprus

The country’s location and tax system have made it a shipping magnet -- drawing maritime companies from Norway, Greece, Dubai and South Korea -- and prompting the creation of a ministry for the industry...

472. Passenger terminal marks new era

A new passenger terminal at Limassol port paves the way for a new era in tourism and maritime industries for the southern town and Cyprus...

473. Sainsbury's and Asda agree 13.3 billion pound merger

Sainsbury’s and Asda, the UK arm of Walmart, confirmed they had agreed a 13.3 billion pounds merger to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco...

474. Whitbread to spin off Costa Coffee

The move leaves Whitbread with its Premier Inn hotels operation and the split is expected to be completed within 24 months...

475. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

476. FinMin: Revenue from NPLs management will repay cost of support to Co-op

Government moves include establishing an asset – management company, based on conditions that the competent European institutions will set and depending on the finalisation of investment interest in the Co-op...

477. Netflix programming binge pays off with subscriber surge

Netflix says it will spend up to $8 billion on global TV shows and movies in 2018...

478. Revenue from tourism spikes 8.5% in January

In January 2018 a decrease of 20.1% was recorded in the expenditure per person of tourists from the UK...

479. Hundreds of flights cancelled in Germany as airports hit by public sector strikes

Unions will escalate the dispute if employers do not present an offer next week...

480. Southeast Asia's idyllic islands buckle under tourism strain

Airports have become chaotic, hotels are being thrown up hastily with little regard for safety and sanitation...