Air fares have suddenly jumped for October 2019 by as much as 60 or 70%, the Cyprus Consumers’ Associations said, as countless reports abound abroad of travellers feeling ripped off in the wake of the Thomas Cook collapse.

The Land Development Corporation (KOAG) said recently it expects to generate some €3 million in funds by the end of the year from the government’s citizenship-by-investment scheme.

Some 15,000 British nationals have applied for residence certificates since July 2016, when the UK voted to leave the European Union, the government said recently.

Cyprus Airways has officially signed an interline agreement with the Greek-based carrier, Sky Express to connect with 29 destinations across Greece.

A Cyprus government initiative to coordinate climate change actions in the Eastern Mediterranean and the Middle East was given to the UN Secretary General Antonio Guterres during the Climate Action Summit.

Cyprus’ national wealth is on the rise again with GDP getting higher and higher following the harsh years of the economic crisis.

By the end of 2019, Thomas Cook had closed 456,000 seats on its flights to and from Larnaca and Paphos airports to the United Kingdom, Scandinavian countries and Germany.

In 2017, Cyprus spent 0.8% of its GDP on recreation and sport, just above the 0.7% EU average a study conducted by Eurostat revealed.

Both Cypriot, UK and other-country authorities are making arrangements for the return of passengers to their countries or origin, including Cypriot nationals who were stranded abroad, mainly in Britain.

Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations.