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Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength and its importance to the island’s economic performance.
The presence of American multinational energy corporation Chevron in Cyprus’ maritime exclusive economic zone (EEZ) constitutes a “vote of confidence” in the energy potential of both Cyprus and Europe, President Nikos Christodoulides said on Monday.
Cyprus stepped onto one of the world’s largest maritime stages this month, making its debut with a national pavilion at MARINTEC China 2025, as the government stepped up efforts to promote the country’s shipping and maritime technology sector internationally.
Tourist arrivals to Cyprus surged in November, according to the state statistical service (Cystat), highlighting the sector’s continued strength a ...
Chairman of International Chamber of Shipping (ICS) Esben Poulsson, has praised the Cyprus Shipping Chamber (CSC) as a “model member. Mr. Poulsson will attend the Cyprus Shipping Chamber’s annual meeting and 30th anniversary on May 30th 2019.
The Cyprus shipping sector, accounting for about 7% of GDP output with annual earnings of more than €1b, is just as concerned with world trade developments and new sulphur emission controls as any other maritime cluster, head of the shipowners said.
Assets Under Management (AUM) and Undertakings of Collective Investments (UCIs) in Cyprus rose to €6.7 billion in Q1 2019, a 7% increase on the previous quarter.
Larnaca is set to see construction of its first shopping centre, the ‘Metropolis Mall’, begin soon as owners Acsion Group have obtained all relative building permits.
Revenue from tourism declined to €96.6m in March 2019 from €110m in the same month last year, a decrease of 12.2%, the Statistical Service said recently.
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A total of 65 beaches in Cyprus, as well as the Limassol Marina have received the prestigious Blue Flag award for 2019, reflecting their excellence in environmental education, management, water quality, safety and services.
Cyprus is promoting a third Start-up Visa scheme with state funding of €500,000 to ensure it is more attractive to third country investors who have so far stayed away.
Tourist arrivals for summer 2019 are expected to record a slight decrease, remaining however around the same levels as 2018, according to the president of the Association of Cyprus Travel Agents (Acta).
The government is said to have clinched a deal with the Aphrodite gas field stakeholders to modify the production sharing contract, with Energy Minister Giorgos Lakkotrypis expected to brief political parties next week.
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