https://knews.kathimerini.com.cy/en/news/thanos-hotels-bold-move-into-greek-hospitality
With over 50 years of experience in the hospitality industry and a track record of highly successful operations in three ultra-luxurious hotels in Cyprus......
https://knews.kathimerini.com.cy/en/news/mykonos-faces-tourism-crisis-amid-declining-numbers
Despite promising signs for other parts of the country as regards the number of flights and seat bookings for the 2024 tourism season, Mykonos is seeing a decline in both indices for the second year in a row.
...
https://knews.kathimerini.com.cy/en/news/hotel-brain-sets-sights-on-cypriot-hospitality-domination
The Greek hospitality powerhouse, Hotel Brain, sets its sights on Cyprus, unveiling plans to tap into the island's vibrant market....
https://knews.kathimerini.com.cy/en/news/athens-teen-prostitution-sting-online-chats-result-in-arrests
Online conversations revealed by Kathimerini shed light on the ongoing investigation into the alleged prostitution racket involving girls aged 14 to 18 in Athens....
https://knews.kathimerini.com.cy/en/news/four-apprehended-in-athens-minor-prostitution-scandal
Police in Athens have arrested four suspects and are expected to collar more as part of an ongoing investigation into a racket that allegedly prostituted girls aged between 14 and 18 years old....
https://knews.kathimerini.com.cy/en/business/2-of-homes-in-cyprus-used-as-airbnb-accommodations
A recent report reveals that a staggering 2% of homes in Cyprus are being utilized as accommodations on Airbnb, highlighting concerns about housing availability and regulatory oversight. ...
https://knews.kathimerini.com.cy/en/news/diplomatic-evacuations-begin-as-gang-violence-escalates-in-haiti
In response to escalating gang violence in Haiti's capital, Port-au-Prince, the United States and other diplomatic missions have initiated evacuations, according to a report by CNN....
https://knews.kathimerini.com.cy/en/news/unemployment-rate-drops-while-inflation-inches-up
The latest data from the Cyprus Statistical Service reveals a positive shift in the country's economic landscape, with the unemployment rate falling to 5.9% in the fourth quarter of 2023, compared to 6.9% in the same period the previous year....
https://knews.kathimerini.com.cy/en/news/hotel-industry-faces-backlash-over-residence-fees
The inclusion of a residence tax within the framework of the green tax reform, affecting hotels, tourist accommodations, and Airbnb, is expected to trigger reactions within the hotel industry....
https://knews.kathimerini.com.cy/en/news/forest-park-hotel-acquisition-joins-cyprus-mountain-peaks-investment
Investment interest in the mountainous areas of the island continues to surge, a trend observed in recent years......
https://knews.kathimerini.com.cy/en/news/turkey-s-february-inflation-hits-67-07-raises-policy-concerns
Turkey's annual inflation rate surged to 67.07% in February, surpassing expectations and sustaining pressure for a stringent monetary policy. Finance Minister Mehmet Simsek acknowledged that inflation would remain high in the coming months due to base effects and the delayed impact of previous rate hikes....
https://knews.kathimerini.com.cy/en/news/inflation-and-new-markets-propel-spending-close-to-€3-billion-in-2023
Just before the end of last summer, economic analysts' projections for 2023 tourism revenue were nearing a record close to €3 billion. ...
https://knews.kathimerini.com.cy/en/news/greek-minister-partners-with-queer-destinations-to-boost-lgbt-tourism
Greek Tourism Minister Olga Kefalogianni signed a memorandum of cooperation with the Queer Destinations tourism company on Thursday to promote Greece as a friendly destination for LGBTQ+ people.
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https://knews.kathimerini.com.cy/en/news/cyprus-economic-growth-soars-2-5-for-2023
Cyprus' economic growth is estimated at 2.5% in real terms in 2023. At current prices, the Gross Domestic Product (GDP) is estimated to increase by 7.1%, according to the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/business/larnaca-s-renaissance-as-the-island-s-boutique-oasis
In a recent article by Kathimerini journalist Maria Eracleous, the spotlight is on Larnaca's burgeoning tourism sector, with a particular focus on the Accor Group's inaugural venture in the city....
https://knews.kathimerini.com.cy/en/business/cyprus-hotels-secure-2nd-spot-in-european-tourist-satisfaction
In a report in Kathimerini's Oikonomiki newspaper today by Maria Eracleous, Cypriot hotels experience the highest levels of guest satisfaction during the peak summer months of April to June, with an overall satisfaction index averaging 85% from January to November....
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....
