Tourism revenue dropped in May
Revenue from tourism decreased by 5.8 per cent in May compared to the corresponding month last year, the statistical services announced on Friday. On the...
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General government generates €215m surplus in January to July
The general government generated a €215.2m budget surplus on a cash basis in January to July, compared to a €91.2m shortfall in the respective period...
Tourism revenue up 5%, as Brexit starts to take its toll
Revenue from tourism rose an annual 5 per cent in September, to €337.1m, against a 17 per cent rise in arrivals, as Cyprus is getting...
Taxi drivers say losing half their turnover to pirates
The head of the Nicosia taxi drivers’ association complained Wednesday that drivers were losing half their income to pirates and demanded something be done about...
Record tourism revenue in July
July was a record month for tourism with revenues reaching €402.2 million compared to €342.1 million in the corresponding month of the previous year, an...
Georgiades expects up to €600m a year from natural gas revenues in 12 years (Updated)
Finance Minister Harris Georgiades expects that Cyprus will annually receive up to €600m in gas revenues inside of 12 years once exploitation of the Aphrodite...
Our View: Unions should not be allowed to ruin tourism revival
EVERY few weeks we read in the papers about a new high achieved by the tourism industry this year. We have read about a record...
Revenue from tourism rises 2.5% in January, as arrivals rise 16%
By Stelios Orphanides Revenue from tourism rose an annual 2.5 per cent in January, to €29.1m, the statistical service said. While the number of tourists...
Ayia Napa municipality well into the black in 2015
Three years after Yiannis Karousos was elected mayor, the municipality of Ayia Napa has a surplus of more than €2 million, he announced on Thursday....
Revenue from tourism rises 26% in November
By Stelios Orphanides Revenue from tourism rose 26 per cent in November, to €81.9m, compared to the respective month of 2014, the statistical service said....
Revenue from tourism rises 3.6 per cent in October
By Stelios Orphanides Revenue from tourism rose in October 3.6 per cent to €225m compared to the respective month of 2014, the statistical service said....
Government generates a 1% fiscal gap in January to November
By Stelios Orphanides The government generated a fiscal deficit on a cash basis of €174.1m in January to November, roughly 1 per cent of the...
Revenue from tourism rises 17% in September
Revenue from tourism rose more than 17 per cent in September to €321.1m compared to the respective month a year before, the statistical service said....
Tourism revenue drop due to shorter stays and fall in Russian arrivals
By Annette Chrysostomou Revenues from tourism in Cyprus dropped by 14.6 per cent in June this year compared to the corresponding month last year, due...
Tourism revenue slumps 15% in June
By Stelios Orphanides Revenue from tourism fell in June almost 15 per cent to €259m compared to a year before, the statistical service said....
Tourism revenue fall is down to shorter holidays
The fall in revenue from tourism despite the increase in visitors in May is due to the fact that tourists, though their daily spend was...
Revenue from tourism drops 1.8% to €130.5m in April, Cystat says
By Stelios Orphanides Revenue from tourism in April fell 1.8 per cent to €130.5m euros compared to the respective month of 2014, the statistical service...
Tourists spending less, despite increase in arrivals
By Andria Kades THE influx in tourism does not leave the market with more money as visitors are spending less, according to concerns raised by...
Fiscal balance turns negative in February on revenue slump
By Stelios Orphanides Public revenue in the first two months of the year fell 8.8 per cent to €978.8m compared to a year before, mainly...
Revenue from tourism slumps 12% in October
By Stelios Orphanides Cyprus saw its revenue from tourism slump 12 per cent in October compared to a year ago to 217 million euros, the...
