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The Famagusta Tourism Board (Etap) on Thursday night held an event designed to showcase the district’s tourist product to Polish tour operators.

The presentation took place at the Thalassa Municipal Museum in Ayia Napa and was attended by town mayor Christos Zanetto, Etap director Lakis Avraamides and Famagusta hoteliers’ association (Pasyxe) president Doros Takkas.

The Ayia Napa mayor welcomed the tour operators and informed them of the efforts being made to further upgrade the area’s tourist offerings.

Moreover, Etap director Lakis Avraamides noted that there has been an increasing trend in tourist arrivals from Poland in recent years.

At the same time, he expressed optimism that Polish visitors to Cyprus will increase throughout the upcoming tourist season, particularly due to the direct air connection between Cyprus and Poland.

The local tourism board hopes that Polish tourists can partially mitigate the loss of Russian and Ukrainian visitors to Cyprus.

 

The Deputy Ministry of Tourism on Friday announced that it will renew its Christmas village funding scheme for 2022-2023, after having deemed its previous iteration a success.

“The objective is for the Christmas villages to become an annual institution and to establish Cyprus as an authentic destination for winter holidays, through the offering of quality entertainment activities,” the ministry said in a statement.

Eligible for the scheme will be rural villages and communities that can submit an application until May 31 2022.

The ministry specified that each council is eligible for maximum funding of €70,000 and no more than 75 per cent of the project’s total amount.

Furthermore, villages and communities must meet certain criteria, including the availability of tourist facilities and the necessary infrastructure to support them.

 

The Famagusta Chamber of Commerce and Industry (Evea) announced on Friday that, in collaboration with its Piraeus counterpart, will co-host the Famagusta Business Forum in May of this year.

“The two chambers, the Famagusta Chamber of Commerce and Industry (Evea) and the Piraeus Chamber of Commerce and Industry (Evep), will co-organise for the first time the Famagusta Business Forum,” a statement by the two organisations said.

The event will take place on Thursday, May 12, at the Event Centre of the Ayia Napa Marina.

Moreover, the forum will be held on the occasion of the 50th anniversary of the twinning of the two chambers.

The forum will be attended by government officials and members of the business community from Cyprus and Greece.

The event will cover a range of topics and industries, including shipping, tourism, the economy and the energy sector.

Finally, the investment prospects of both Famagusta and the rest of Cyprus will also be explored.

 

The Producer Price Index in Industry presented a new increase in March, pushed upwards by cost increases in almost all sectors, according to a report published on Friday by the Cyprus Statistical Service (Cystat).

The Producer Price Index in Industry reached 120.2 points (basis 2015 = 100) in March, recording an increase of 2.5 per cent compared to February 2022. The index also rose by 16.8 per cent year-on-year.

For the period between January and March 2022, the index increased by 16.1 per cent compared to the corresponding period of 2021.

Regarding the changes compared to the corresponding month of the previous year, increases have been observed in all sectors, with the highest increase being recorded in electricity supply with 38.4 per cent.

This was followed by water supply and material recovery with 32.2 per cent, processing with 10.5 per cent, as well as mines and quarries with 4.2 per cent.

In terms of each manufacturing sector, in March 2022, monthly increases were recorded in all economic activities, with the most important being presented in the wood industry (36 per cent), the production of basic metals and the manufacture of metal products (28.3 per cent), and the manufacturing of rubber and plastics products (15.1 per cent).

This was followed by increases in the production of other non-metallic mineral products with 11.2 per cent, as well as the manufacturing of machinery and equipment, motor vehicles and other transport equipment with 8.4 per cent.

Finally, on a monthly basis, the index remained stable in the sector of mines and quarries, while it rose in the sectors of electricity supply by 4.3 per cent, water supply and material recovery also by 4.3 per cent, as well as processing, where it increased by 1.9 per cent.

 

The Cyprus Stock Exchange (CSE) ended Friday, April 29 with profits.

The main Cyprus Stock Market Index was at 69.10 points at 14:24 during the day, reflecting a rise of 0.07 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 41.56 points, reflecting a rise of 0.07 per cent over the previous day of trading.

The total value of transactions came up to €71,175.

In terms of the sub-indexes, the alternative and hotel indexes rose by 1.39 per cent and 3.19 per cent respectively.

Conversely, the main index fell by 0.79 per cent, while the investment firm index remained stable.

The biggest investment interest was attracted by the Cyprus Cement Company (+3.31 per cent), Atlantic Insurance (+0.99 per cent), Salamis (no change), Hellenic Bank (-2.37 per cent), and the Bank of Cyprus (-0.48 per cent).

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