The collapse of British air and tour operator Thomas Cook sent alarm bells in the tourism industry in Cyprus and Greece, with Cypriot hoteliers facing a €50 m shortfall due to the inability of the group to meet its obligations.

Larnaca mayor Andreas Vyras said recently that the conditions were now right for the relocation of the petroleum and LPG facilities from the coast to Vasilikos to take place.

In 2018, flows of money sent by residents of the European Union (EU) to non-EU countries, referred to as personal transfers, amounted to €35.6 billion, compared with €32.6 billion in 2017.

Villa 'Andromeda', a brand-new show property, is now open for viewing to prospective buyers at Coral Seas Villas which is superbly located on the coastline in a pristine area of picturesque Coral Bay an idyllic location and A-list celebrity hot spot.

After the government’s decision to revoke 26 passports given to investors who failed the tighter criteria test, real estate stakeholders are uneasy as they feel the Citizenship for Investment scheme is at risk.

RCB Bank and American Express have launched two partnership agreements that will enable the bank to provide merchant recruitment and payment processing in Cyprus on behalf of Amex.

Pafilia Property Developers has completed the construction and installation of the first bee hotels at Minthis Resort in Tsada.

Cyprus is satisfied with the outcome of London's World Travel Market, but the holiday island was urged to offer more than just sun, sea and sand to compete, said Deputy Tourism Minister Savvas Perdios.

October 2019 was the state health services organisations’ (Okypy) best month since Gesy began operating with revenues to state hospitals reaching €7.5 million.

Transport Minister Vassiliki Anastasiades has said that eight tenders have been submitted for the construction of the first phase of the Nicosia ring road, a three-year project estimated at €62m.