The committee is set to discuss a number of issues related to this sector, dominated by platforms such as Airbnb, on Tuesday.
Among these issues, the committee is expected to specifically evaluate the effectiveness of legislation enacted in early 2020 that regulates this sector.
This ex officio review will assess the functionality of the legislative framework, identify emerging issues, and monitor the engagement with the mandatory registration process for these accommodations.
The review will not be limited to tourism impacts alone but will encompass a broad range of issues, reflecting the diverse group of stakeholders invited to the meeting.
Tourist arrivals to Cyprus surged by 27.4 per cent in January 2025, with a total of 112,100 visitors, compared to 87,961 in the same month last year, according to the latest statistics.
This increase highlights a positive trend in tourism, with Israel emerging as the leading source of visitors, accounting for 21.1 per cent of the total arrivals.
The United Kingdom followed with 16.7 per cent, Poland with 14.1 per cent, and Greece with 10.1 per cent.
In terms of trip purpose, the majority of tourists – 56.4 per cent – came to Cyprus for holidays, while 24.5 per cent visited friends and relatives, and 19 per cent came for business purposes.
This marks a slight shift from January 2024, when 60.8 per cent visited for holidays, 21.2 per cent for family visits, and 17.2 per cent for business.
Meanwhile, returns of residents of Cyprus from trips abroad decreased by 3.7 per cent, with 147,858 residents returning in January 2025, down from 153,499 in January 2024.
Greece was the most popular destination for Cypriot residents, with 29.9 per cent of returns, followed by the United Kingdom with 11.2 per cent, Russia with 4.5 per cent, Italy with 4.4 per cent, and Germany with 4.3 per cent.
The primary reason for travel among residents of Cyprus was holidays, with 78.1 per cent of those returning citing leisure as the purpose of their trip.
Business trips accounted for 19.9 per cent, while travel for studies and other reasons made up 1.1 per cent and 0.8 per cent, respectively.
This survey, conducted every four years, aims to collect important data on the level and structure of labour costs in Cyprus.
The survey will be carried out under the Official Statistics Law of 2021 (Law No. 25(I)/2021) and in line with European regulations.
“The data gathered will help understand key factors such as total staff employed, overtime, absences, and total labour costs within enterprises,” the announcement said.
This trend may have been influenced by the low deposit interest rates offered by banks in recent years.
As of September 2024, household and non-profit institution deposits and cash holdings reached €32.7 billion, reflecting a 2.5 per cent increase from September 2021.
Meanwhile, investments in debt securities rose to €2.1 billion from €1.1 billion in the same period, marking a 90 per cent surge.
Additionally, investments in shares grew from €9.4 billion to €10.3 billion, while assets in other financial instruments increased from €11.6 billion to €14.5 billion.
Out of the overall 10.1 per cent rise in household assets, a significant portion came from increased investments in debt securities, shares, and other financial instruments.
LoLa Cloud PCs, founded by Cypriot entrepreneur Rogiros (Roger) Theophanous, is on a mission to change that by making powerful computing accessible to everyone, anywhere.
Theophanous explained that the company offers an innovative solution that transforms any device into a high-performance PC through cloud computing.
LoLa was born out of necessity, the Cypriot founder told the Cyprus Mail.
“During a university project, I needed a high-performance PC for a solar system simulation but didn’t have access to one. That moment sparked a realisation—why should powerful computing be limited to those who can afford expensive hardware?” said Theophanous.
His vision was to create a world where any device could become a supercomputer.
President Nikos Christodoulides visited the Egyptian capital to attend the signing ceremony of the energy agreements and hold talks with Egyptian President Abdel Fattah al-Sisi on bilateral and regional developments.
The signing took place on the sidelines of the Egypt Energy Show EGYPES 2025, organised by the Egyptian government, with the participation of major energy companies, government spokesman Konstantinos Letymbiotis said.
Sisi also welcomeed the president at the Al-Manara Convention Centre. A bilateral meeting will take place, attended by the two states’ officials.
Discussions covered regional developments and Cyprus-Egypt relations.
Speaking to the Cyprus News Agency, he said he had sent a letter to the department’s Paphos district engineer Charis Kasioulis outlining his concerns regarding the current plans for the desalination plant.
He pointed out the Potima beach area is where the planned Paphos marina will be built, and is close to tourist hotspot Coral Bay.
He added that he had requested “that it be ensured that the construction and operation of the plant will not degrade the environment of the area” and that “measures be taken which will limit the noise to the minimum possible level”.
Additionally, he said, “the unit must be designed in a way which aesthetically integrates into the land without causing visual pollution”, adding that “the use of aesthetically friendly and tasteful construction material is necessary.
“The Akamas municipality hosts tourist infrastructure, beaches, and cultural events, and as such we request that the necessary measures be taken so that the accessibility of these activities is not affected,” he said.
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