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31. Perdios: 'We will cover the loss of revenue from Russian tourists'

Despite losing ground in the Russian and Ukrainian markets due to the war in Ukraine and sanctions against Russia, Deputy Tourism Minister Savvas Perdios was optimistic on Tuesday that this year's tourist arrivals could catch up with 2021 from the promotion of other markets, which may fill part of the gap from Cyprus' second largest tourist market....

32. Loss of 1.5% to 2% of Cypriot GDP due to a ban on Russian flights

Cyprus could lose 1.5% to 2% of its growth rate this year if the Cypriot airspace (under EU sanctions) to Russia remains closed for the whole of 2022, estimates the rating agency DBRS Morningstar, noting that despite the negative impact, the war in Ukraine will not derail the medium-term prospects of the Cypriot economy....

33. 'Welcome back!': Australia opens its borders two years later (images)

Australia today completely opened its external borders to travelers who have been vaccinated against the coronavirus after being shut down for almost two years due to the pandemic, with tourists returning to the country and hundreds of people reuniting with relatives and friends....

34. After two years of closed borders, Australia welcomes the world back

Australia said on Monday it will reopen its borders to vaccinated travelers this month, ending two years of misery for the tourism sector, reviving migration and injecting billions of dollars into the world No. 13 economy....

35. Cypriot economy will continue to recover output lost during 2020

The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average 3.7% in the years 2022 – 2024, the Central Bank of Cyprus expects, according to its economic bulletin, stressing that risks to the baseline scenario are balanced albeit slightly upside concerning inflation....

36. Why not take a subsidized holiday in beautiful Cyprus?

The Ministry of Tourism, after the approval of the Council of Ministers, announces the extension of the duration of the Domestic Tourism Support Plan for the period from December 1, 2021 until March 31, 2022....

37. Paphos' campaign to attract local tourism continues

After the great success of the summer campaign, ETAP Paphos continues its efforts to attract domestic tourism during the autumn months...

38. Cyprus targets young adults with alms for jabs

The Cypriot government is expected soon to announce incentives that would encourage young people to get vaccinated, while subsidized hotel stays for those who got the jab begin later this week...

39. Cyprus rolls out ‘jab discount’ for hotel stays

Lodging businesses in the Republic of Cyprus have until Friday to apply for a state subsidy that would partially fund hotel stays for vacationers who got the vaccine or the state has a record of their recovery from COVID...

40. Health Minister consults experts before Friday's measures announcement

The Health Minister consulted the government’s health advisory committee on Thursday for an evaluation of the island’s coronavirus situation before the Cabinet is set to take final decisions on Friday on whether we’ll be moving forwards or backwards....

41. Vaccinations 'main economic tool' in managing Covid crisis

Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....

42. Cyprus hotels eyeing May for reopening doors

April is the month in which the first bookings of tourists from Israel to Cyprus are set to begin. Although large flows of tourists to Cyprus are not expected at that time, it is clear that those tourists who will come will be needing tourist accommodation. They will however have to choose between the few hotels that remain open, or even the individual ones that will resume operation by April, since all hoteliers aren’t planning to reopen their doors before May at the earliest....

43. Cyprus wages battle for air connectivity

Two Cypriot ministers have joined forces this week to call on the EU’s Competition commissioner to allow more state subsidies for airlines amid the pandemic, citing improvements in scheme criteria but also the remoteness of the island...

44. Virus-stranded cruise ships tread water off Cyprus

Half a dozen cruise ships have been stranded for up to nine months off Cyprus, looming large over a fishing village on the holiday island hit by the coronavirus pandemic...

45. FinMin: Cyprus to reduce debt once pandemic normalises

Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise....

46. Cyprus experiencing excessive macroeconomic imbalances

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....

47. Winter season a window of opportunity for tourism

With the tourism sector’s performance this summer having refuted even the most optimistic forecasts that were made, the question for tour operators is what more can be done over the next period to reduce the big losses. As such, everyone's attention has shifted to the winter period that begins next November and ends in March 2021....

48. Tourism sector in Ayia Napa, Protaras records €15m loss in 2020

The tourism sector of the eastern coastal destinations of Ayia Napa and Protaras suffered losses estimated at €15 million during the current tourist season as a result of the stem in tourist arrivals against the backdrop of the ongoing coronavirus pandemic....

49. Cyprus domestic tourism scheme to launch in September

The Cyprus deputy tourism ministry announced Monday that a new government scheme aiming to boost domestic tourism is set to be launched in September....

50. Locals find hidden hotel rates in Cyprus

A report shows that booking some hotel rooms online in the Republic of Cyprus could end up costing more money, after locals discovered they could land better deals by calling a hotel directly...

51. Pandemic's impact on tourism poses significant risks to Cyprus economy

The European Commission’s summer economic forecast expects significant risks to the Cyprus economy as a result of the coronavirus pandemic’s impact on the tourism sector, which is predicted to see just 25% of last year’s revenues and high unemployment....

52. EU pushes to unlock borders as coronavirus ravages travel

53. Cyprus extends flight ban but has a plan

Cyprus on Monday extended a ban on commercial flights into and out of the country until May 28 as the government considers ways to restore the country’s tourism industry to meet an anticipated swell in demand from vacationers eager to escape coronavirus lockdowns...

54. Lockdown brings striking drop in air pollution, energy demand

Pollution levels in Cyprus have plummeted as a result of restriction measures enforced amid the coronavirus outbreak, which brought a significant drop in traffic and electricity consumption, highlighting the benefits of pressing forward with sustainable transport and energy production solutions....

55. «Growth momentum moderates» in Cyprus according to Εuropean Commission Autumn Economic Forecast

"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....

56. Cypriot vacationers shell out more abroad

Cypriots on holiday spend way more money and time abroad than in their own country, according to Eurostat, even as over half cannot afford a one-week annual holiday away from home...

57. Interview with Egyptian Ambassador Mai Taha Mohamed Khalil

58. Prespes: The rally, the raw numbers, and the day after

59. Hellenic Bank’s Economic Review

60. Economic growth in Cyprus remains strong