As world leaders gather this week to the Swiss ski resort of Davos for the annual World Economic Forum, among the issues they will discuss will be global economy.

In 2017, the number of nights spent in tourist accommodation establishments in the European Union (EU) is expected to have reached more than 3.2 billion, up by 5.1% compared with 2016.

Cyprus had the second largest debt decrease in quarterly basis (-2.9 pp) and the largest decrease in annual basis (-7.4 pp), among EU 28 countries, according to Eurostat data released.

Tourism professionals are heading to Dublin this week to drum up business at an important world trade show, according to officials.

In the run up to Cyprus’ January 28 Presidential elections, CyprusProfile talked to all five candidates about their vision for the country.

The way consumption unfolds, gives an important indication for an economy’s health level and at the same time it reveals the consumer trends over spending. However, it should be noted that the data published takes also into account the 'imported consumption' - generated by foreign visitors - and therefore further analysis is required as to whether and in what extend the dispositions of the domestic market are reflected through these data.

The current status in the European Banking System is characterized by an alarming heterogeneity in regards to the category of Non-Performing Loans (NPLs). It is evident that high NPL stocks are reducing the resources that can be allocated to new financing by shrinking lending and consequently draining the economy out of necessary liquidity and working capital.

Being creatures of habit, one would assume that customers would prefer to remain loyal to the brands they have been using, instead of switching to competitive brands. According to Nielsen, 78% of consumers are not loyal to any particular brand. Considering that customer loyalty has long been recognised as the magic ingredient in the recipe for business success, this figure could lead us to question whether loyalty really exists in the digital era.

Cobalt Air recently announced a new daily service beginning March 27, 2017 linking London Heathrow directly with Larnaca, starting from less than €55 one-way.

A proposed €3.4 billion development project in Geroskipou in Paphos has finally been given a partial green light after protracted delays.