Residents of Cyprus Travelling Abroad

A total number of 139.981 residents of Cyprus returned from a trip abroad in December 2022, compared to 61.010 in the corresponding month last year, recording an increase of 129,4%. The main countries from which the residents of Cyprus returned in Dece…

Cyprus launches long-distance hikes

To boost Cyprus’ attractiveness as a destination for hiking and nature activities, the Tourism Deputy Ministry and the Forestry Department have renovated two forest shelters in Paphos for long-distance hikers.From February, long-distance hiking enthusi…

Markets pushing back

Equity markets are a little softer on Tuesday as investors await more earnings from the U.S. and closely monitor events in Davos.Stocks have had a strong start to the year on the belief that interest rates may not go as high as feared and even move int…

Acquisitions & mergers culture change needed

Cyprus’ Economy and Competitiveness Council says government encouragement is required to enable more company acquisitions and mergers to improve productivity and robustness.According to recommendations issued by the advisory body, the aim is to create …

SMEs find Cyprus Post less reliable

People find the cost of sending parcels to be high, according to a survey conducted by the Office of Electronic Communications & Postal Regulations (OCECPR).The survey, conducted from October to December, asked the opinion of 1002 peopl…

Briton was ‘traumatised’ after killing wife

Defence lawyers say a British man accused of killing his terminally ill wife was denied rights to a lawyer, an independent translation, and was not fit to be questioned.The Paphos criminal court is now holding a trial within a trial to decide whether 7…

Tourist arrivals hit 3.2 mln last year

Despite Cyprus losing 800,000 Russian and Ukrainian tourists last year due to the war, visitor arrivals spiked 65% in 2022 after COVID-19 travel rules were dropped.Due to Russia’s invasion of Ukraine and the ensuing EU sanctions, Cyprus was deprived of…