Inflation rate recorded a slight slowdown in August 2014, with an annual increase of 0,8% compared to 0,9% in July 2014, according to the Statistical Service of Cyprus. The corresponding rate for August 2013, increased at 0,1%. In August 2014, the biggest increases were recorded in restaurants and hotels by 4.4%, clothing and footwear by

Cyprus has denounced to the United Nations the recent illegal visit of the President of Turkey Recept Tayyip Erdogan to Cyprus Turkish occupied areas. According to an official press release, the Foreign Ministry denounced Erdogan`s illegal visit, through the Republic of Cyprus Permanent Representative at the UN in New York. The Permanent Representative Nicos Emiliou

The bankruptcy of another Russian tourist agency will not affect the number of arrivals in Cyprus said President of the Association of Cyprus Travel Agents (ACTA) Victor Mantovanis, noting however that Cyprus should stop depending on a small number of markets. Speaking on the sidelines of the 60th General Assembly of ACTA, he said that

The bankruptcy of another Russian tourist agency will not affect the number of arrivals in Cyprus said President of the Association of Cyprus Travel Agents (ACTA) Victor Mantovanis, noting however that Cyprus should stop depending on a small number of markets. Speaking on the sidelines of the 60th General Assembly of ACTA, he said that

President of the Republic of Cyprus Nicos Anastasiades has assured that his government acknowledges its responsibility to draft a national strategy on tourism and guide the efforts of all involved parties in the continuous development of the tourist industry, which he said was a priority as it held the comparative advantage of being timeless. Addressing

Cypriots paid less with their cards in August, compared with the same month a year earlier, figures released by JCC showed. The total value of transactions with cards in the local market decreased by 1% in August, compared to August 2013, reaching €179 mn. According to JCC, there was an increase in payments in clothing,

ACTA and CCCI have expressed their optimism over the future prospects of the tourist industry but have also pointed out the need for the right measures to be taken in order to improve weaknesses. They were addressing, on Tuesday, the 60th Annual General Meeting of the Association of Cyprus Tourist Agents (ACTA). ACTA President Victor

Cyprus Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis held a series of contacts in Amman, Jordan as part of his one-day working visit to the Hashemite Kingdom. Lakkotrypis had separate meetings with the Prime Minister Abdullah Ensour, Minister of Energy Mohammad Hamed, Minister of Tourism and Antiquities Nidal Mardi Al Katamine, Minister of

Cyprus President Nicos Anastasiades said on Sunday that he will hold talks with European leaders and officials over the content of legislative documents on foreclosures adopted on Saturday by the majority of the House of Representatives. He also promised to review the amendments adopted by MPs “very seriously”. He was replying to questions on the

The Cypriot government will hold in talks with the Troika (EC, ECB, IMF) on Monday to discuss its position on the content of a multitude of legislative proposals adopted on Saturday by the majority of the House of Representatives plenary on foreclosures. CNA sources say that talks will take place both on a political and