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Tourist arrivals +14,4% on June 2017

Tourist arrivals +14,4% on June 2017

On the basis of the results of the Passengers Survey, arrivals of tourists reached 472.450 in June 2017 compared to 413.114 in June 2016, recording an increase of 14,4%. June 2017 had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month. For the period of January – June 2017 arrivals […]

Year round destination the new Paphos bet

Year round destination the new Paphos bet

After a very successful summer season is going through Paphos, tour operators province intensify its penetration efforts in various tourist markets for promotion of Paphos as a year-round destination. Resetting the Paphos to full-time status destination for vacation, it is now as the next big bet of the provincial bodies after full recovery from the […]

Property sales jump 20% H1 2017

Property sales jump 20% H1 2017

The first half of 2017 marked significant increases in the sale of real estate, with sales constantly rising and exceeding expectations. According to data from the Land Registry, the number of sale documents submitted to the district land registry offices during the period January-June 2017, reached 3,610 compared to 3,012 during the same period of […]

Record-breaking May for tourist arrivals

Record-breaking May for tourist arrivals

Another record month for tourist arrivals was recorded in May 2017 according to data from the Cyprus Statistical Service. Tourist arrivals in May 2017 reached 418,732 compared to 364,943 in May 2016, showing an increase of 14.7%. May 2017 arrivals were the highest ever recorded for the same month. United Kingdom arrivals increased by 19.5% […]

Reasons for optimism in construction sector

Reasons for optimism in construction sector

Following a crushing crisis in recent years, the land-development and construction sector shows signs of strong growth, sparking optimism for the future, President Nicos Anastasiades said on Tuesday. Addressing the annual general assembly of the land-development and construction business association, Anastasiades said the property market is performing satisfactorily “at all levels”. “Both in sales and […]

Anastasiades lobbies for closer economic ties with India

Anastasiades lobbies for closer economic ties with India

President Nicos Anastasiades addressed the Cyprus-India Business Forum as part of his week-long trip to India, and expressed his government’s determination to upgrade the partnership between the two countries. “India and Cyprus enjoy long-standing, excellent relations, based on deeply-rooted historical, political, economic and cultural ties, and amicable interactions between our two peoples,” said Anastasiades, adding […]

36 Hours in Cyprus

36 Hours in Cyprus

Article from the “The New York Times” posted on the 6th of April 2017. Recovered from its economic woes, the mythological birthplace of Aphrodite is solvent again and undergoing a rebirth of its own. Welcome back, Cyprus. In 2013, the Greek-speaking part of the divided Mediterranean island teetered on the brink of financial collapse amid […]

Total, ENI sign natural gas exploration contracts

Total, ENI sign natural gas exploration contracts

Energy giant Total said on Thursday it planned to start exploration drilling off the island’s coast in the first two weeks of July, as it signed the contract for the exploration and production-sharing of blocks six and eight in Cyprus’ exclusive economic zone (EEZ). The company said it will be drilling in block six inside […]

Medical Tourism and Wellness Treatment in Cyprus

Medical Tourism and Wellness Treatment in Cyprus

Medical tourism is a fast developing industry that combines medical and wellness treatment with a vacation. Why choose Cyprus, among other destinations for your rehabilitation or post-surgery treatment? Cyprus is uniquely positioned at the crossroads between Europe, Asia, Africa and the Middle East. Cyprus is a modern country, member of the European Union since 2004, […]

Cyprus approves Eni, Total, Exxon offshore block deals

Cyprus approves Eni, Total, Exxon offshore block deals

Cyprus’s cabinet on Friday approved contracts with France’s Total, Italy’s Eni , Exxon Mobil and Qatar Petroleum to explore for oil and gas in offshore areas south of the island, officials said. Exploring the Mediterranean’s Levant Basin has become more attractive since Eni discovered Egypt’s offshore Zohr field in 2015, the biggest gas field in […]