UK tourism drops to less than 40%

**But Russian dependence increases** Cyprus’ overdependence on the UK for tourists has finally started to crack, with the proportion of arrivals from the UK dropping to 38.9% of the total in 2012,

European, world shares record new highs

European shares inched towards a two-year high on Monday, as a political attempt to break a budget impasse in the United States and expectations of aggressive Japanese stimulus bolstered the appetite for

Antonis Tsokkos, Ayia Napa mayor, dies

Antonis Tsokkos, Mayor of the Cyprus resort town of Ayia Napa, died on Monday aged 60 at his home after feeling unwell. Tsokkos was re-elected in 2011 for a second term having

CYPRUS: Arrivals from Russia up 42% in 2012

An impressive 42% growth in tourist arrivals from Russia led to a 3% increase in Cyprus’ total tourist arrivals in 2012, which amounted in total to 2,464,908 compared to 2,392,228 in 2011,

Cyprus flights affected by bad weather in Europe

Heavy snowfall and bad weather conditions prevailing in many European countries continue to affect flights between Larnaca and the airports of Frankfurt and London. According to Adamos Aspris, a spokesman for Hermes