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61. 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...

62. 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....

63. 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....

64. 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....

65. 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...

66. 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...

67. 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....

68. 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....

69. 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....

70. 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....

71. 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....

72. 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...

73. 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....

74. EU pushes to unlock borders as coronavirus ravages travel

75. 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...

76. 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....

77. «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....

78. 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...

79. Interview with Egyptian Ambassador Mai Taha Mohamed Khalil

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

81. Hellenic Bank’s Economic Review

82. Economic growth in Cyprus remains strong

83. Airbnb complies with EU demands

Airbnb online platform has complied with EU demands aimed at curbing anti-competitive practices, following pressure and hefty fines handed down to a number of companies...

84. Cyprus Airbnb bill gives neighbors a say

A nearly-complete Airbnb bill is heading back to the House committee, where a number of issues including tax exemptions and apartment rentals will need further clarification...

85. Cyprus launches website for film industry

The Cyprus Investment Promotion Industry (Invest Cyprus) launched on Tuesday the Scheme for the promotion of the filming industry, presenting the online platform where interested parties can apply for cash rebates and other incentives for their productions...

86. 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...

87. Investing in knowledge

A growth rate of 1.9 percent is way too small for a country like Greece, especially as the rest of Europe’s performance is so much more robust. This is, after all, a country that shed 25 percent of its gross domestic product (GDP) in the course of a decade. What we should be seeing, therefore, is the effect of a tightly wound spring, whereby a virtuous cycle of growth begins and only gets faster with time. Instead, we’re hobbling along at 1.9 percent, the slowest rate an economy can achieve after hitting rock bottom....

88. EU warns Airbnb over unfair practices

Cyprus hoteliers got a helping hand this week in their fight for more restrictions on Airbnb, following a European Union warning to the American platform to improve its practices or face action by national consumer agencies...

89. May tourists up 7.6% despite Russian drop

Tourist arrivals went up by 7.6% last month, lending credence to earlier predictions that industry numbers were on a good path despite a disappointing Russian exit...

90. CTO sees tourism potential despite Russian defect

The Cyprus Tourism Organisation says tourist arrivals are expected to rise in 2018 despite a drop in Russian visitors to the island, while the government is moving forward with new plans for tourism on the island...