https://knews.kathimerini.com.cy/en/news/athens-is-the-ultimate-hit-with-americans-as-visitors-top-1-million
Athens has developed into a booming 12-month tourism destination, and its biggest market is the US, a new survey is showing....
https://knews.kathimerini.com.cy/en/news/london-s-bt-tower-sold-for-£275m-to-become-a-hotel
London's iconic BT Tower, a symbol of the city's skyline since its inauguration by Prime Minister Harold Wilson in 1965, is undergoing a significant transformation. ...
https://knews.kathimerini.com.cy/en/business/airbnb-soars-in-cyprus-as-over-6-700-properties-embrace-the-trend
In Cyprus, there's a growing trend in tourist accommodation preferences, with an increasing number opting for self-catering options like Airbnb, according to Marios Tsianakas,...
https://knews.kathimerini.com.cy/en/news/after-berengaria-comes-the-development-of-the-highlands
In recent months, work on the historic Berengaria Hotel in Prodromos, a €35 million project, has come to a standstill. But this is only temporary....
https://knews.kathimerini.com.cy/en/news/controversial-las-vegas-on-the-mediterranean-plan-for-varosha-unveiled
A proposal to transform Varosha into a ''Las Vegas on the Mediterranean'' has surfaced, reportedly backed by a consortium of global billionaire businessmen, as revealed by the British newspaper Daily Express....
https://knews.kathimerini.com.cy/en/business/cyprus-embarks-on-€8-billion-growth-spree-with-major-projects
In a recent press release, the Association of Large Investment Projects affirmed that Cyprus is poised for sustained economic growth, with a portfolio of major projects exceeding €8 billion. ...
https://knews.kathimerini.com.cy/en/news/nicosia-s-boutique-hotel-scene-flourishes-amid-tourism-surge
Seeking accommodation in a hotel in Nicosia for February, the search yields 22 options. Narrowing the search by distance from the city center results in fewer choices, yet still satisfactory. Twelve boutique units, primarily small boutique hotels, emerge from the search on booking.com....
https://knews.kathimerini.com.cy/en/business/thanos-hotels-arrival-signals-shift-in-nicosia-s-identity
In Nicosia, specifically within its historic center and nestled within the ancient walls, Thanos Hotels is gearing up for a new venture. ...
https://knews.kathimerini.com.cy/en/news/saudi-arabia-opens-first-diplomatic-liquor-store-in-riyadh
Saudi Arabia has reportedly inaugurated its inaugural liquor store in Riyadh's diplomatic quarter, according to sources familiar with the matter....
https://knews.kathimerini.com.cy/en/news/beyond-the-comfort-zone-for-sustainable-growth
The comfort zone, an imaginary haven of safety and certainty, doesn't always foster growth....
https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-society-a-landscape-where-pizzas-outpace-police
We live in a society where pizzas arrive faster than the police, once remarked French director Claude Chabrol, and I fear this holds particularly true in the case of our state. Unfortunately, unlike the Cypriot Police, the Cypriot underworld operates like a Swiss watch....
https://knews.kathimerini.com.cy/en/news/economic-snapshot-3-9-rise-in-consumer-prices
The Harmonized Index of Consumer Prices showed a 1.9% increase in December 2023 compared to the same month in 2022, but experienced a 1.2% decrease compared to the previous month....
https://knews.kathimerini.com.cy/en/business/cyprus-shines-with-20-tourism-surge
In a burst of post-pandemic enthusiasm, Cyprus shines as the EU's tourism star, celebrating an impressive 20% surge in 2023 – a dazzling spectacle second only to a breathtaking fireworks display!...
https://knews.kathimerini.com.cy/en/news/spike-in-transformer-thefts-plagues-electricity-authority
There has been a surge in incidents involving the theft of equipment and other assets from the electricity distribution network of AHK, with cases of stolen transformers exceeding sixty in recent months....
https://knews.kathimerini.com.cy/en/news/greece-rolls-out-climate-resilience-levy-to-fund-post-disaster-reconstruction
In an effort to finance reconstruction projects following severe forest fires and floods, the Greek government has introduced a new accommodation tax, referred to as the 'climate resilience levy.'...
https://knews.kathimerini.com.cy/en/business/europe-tightens-rules-on-short-term-rentals-for-sustainable-tourism
The noose has tightened for short-term rentals within European territory, i.e. ''Airbnb'' and other well-known platforms. The aim of the new three rules from the European institutions is to promote more sustainable tourism,...
https://knews.kathimerini.com.cy/en/news/t-c-leader-faces-bribery-scandal-involving-former-turkish-vp
Reports and a leaked audio document are causing a stir in the Turkish Cypriot community, suggesting that Fuat Oktay, former Turkish vice-president handling the Cyprus file for Ankara, received a $50 million bribe from the late...
https://knews.kathimerini.com.cy/en/news/hotel-occupancy-rates-at-30-40-in-december
The average occupancy rates in December, the predominantly festive month, in hotels and accommodation units, is expected to range around 35% to 40%, ...
https://knews.kathimerini.com.cy/en/business/workforce-crisis-grips-cyprus-as-12-000-job-vacancies-surge
In the hotel, catering, and retail sectors, an estimated 12 thousand personnel needs have prompted relevant professional associations to jointly appeal to the Ministry of Labour, seeking simplified procedures for hiring staff from third countries....
https://knews.kathimerini.com.cy/en/news/one-to-three-star-hotels-dominate-greece-s-accommodations
Three in four Greek hotels belong in lower categories of one to three stars, representing 50% of the country’s total capacity in terms of rooms, according to data from the Institute of Tourism Research and Forecasts (ITEP) of the Hellenic Chamber of Hotels....
https://knews.kathimerini.com.cy/en/news/cypriots-pack-bags-for-record-breaking-2023-getaways
Cypriots are preparing suitcases for abroad, taking advantage of the short holidays offered by the Christmas and New Year celebrations....
https://knews.kathimerini.com.cy/en/news/cyprus-robust-11-8-surge-in-household-spending-defies-eu-norms
In 2022, Cyprus experienced a notable 11.8% increase in household final consumption expenditure compared to the previous year, surpassing the EU's overall growth of 4.7%, as reported by Eurostat. ...
https://knews.kathimerini.com.cy/en/business/cyprus-economy-grows-strong-at-2-5-in-q3-2023
Good news for Cyprus! The country's economy had a solid growth spurt, reaching 2.5% in the third quarter of 2023. That's better than the same time last year. ...
https://knews.kathimerini.com.cy/en/business/surging-airbnb-revenues-by-27-in-occupied-territories
For 2022 alone, there has been a 27% increase in Airbnb income in the occupied territories, with the annual amount per accommodation reaching 24 thousand....
https://knews.kathimerini.com.cy/en/news/cyprus-races-to-accommodate-migrants-at-pournara
In response to the escalating conflict in the Middle East, the Republic of Cyprus has submitted a formal request for assistance to the European Union....
https://knews.kathimerini.com.cy/en/news/7-000-tons-of-halloumi-on-the-brink
Official Ministry of Agriculture data have unveiled a critical situation in the halloumi production industry, a beloved and essential product in Cyprus....
https://knews.kathimerini.com.cy/en/news/european-nations-turn-to-cyprus-for-safe-passage-amid-middle-east-crisis
As the international community closely monitors developments in Israel and the Gaza Strip, Cyprus stands prepared to provide humanitarian assistance in this Middle East crisis. ...
https://knews.kathimerini.com.cy/en/news/consumer-prices-surge-4-3-in-september-fueled-by-food-and-beverages
The Harmonised Consumer Prices Index (HCPI) in Cyprus witnessed a 4.3% increase in September, marking its second consecutive rise, primarily propelled by surging prices in Food and Non-Alcoholic Beverages, according to data from the Cyprus Statistical Service (CyStat)....
https://knews.kathimerini.com.cy/en/news/iconic-mountain-resort-set-to-regain-its-former-glory
The extensive restoration project of the historic Berengaria Hotel is currently underway, with plans for the iconic hotel to reopen its doors in 2026....
https://knews.kathimerini.com.cy/en/news/bedbug-infestation-sparks-unusual-scene-in-the-city-of-lights
A video has surfaced showing multiple mattresses piled up and littering a street in Paris, France, amid a current bedbug infestation....