Revenue from tourism performed better than arrivals in 2010, rising by 3.8% to EUR 1,549.8 mln compared with EUR 1,493.2 mln in the corresponding period of 2009. Arrivals fo tourists in the same period rose by just 1.5% to 2,172,993 In December alone, the Passenger Survey showed that revenue from tourism reached EUR 40.9 mln,
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Last November, a Rolls-Royce Trent engine explosion on a Qantas A380 superjumbo sent tremors through the aviation industry. Eight years earlier a blowout on a similar engine virtually handed John Leahy a $3.5 billion deal. In 2002, Leahy took an Airbus A340 test plane to Johannesburg for an unprecedented fly-off against a Boeing 777 that
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Britain said it will raise 2.5 billion pounds ($4 billion) in 2011 from a levy on banks, increasing the amount it is getting from the industry by 800 million in the first year of the plan. Britain said in June it would introduce a levy on banks that would raise about 2.5 billion pounds a
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Low cost airline Ryanair has announced two more routes to and from Cyprus. The new routes, Larnaka – Bologne and Larnaka- Duesseldort Weeze, will begin in April, 2011. Ryanair already operates flights from Barcelona (Girona) and Charleroi airport in Brussels to Larnaka. A joint press release of Ryanair and Hermes Airports, which
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Vice President of the Russian Union of Travel Industry Yuri Barzykin has recommended Russian tourists, who cannot travel to Egypt, to visit Cyprus and Greece, the portal ellada-russia.ru has reported. According to Barzykin because of the continuing unrest in Egypt, package tours to quieter destinations in the region have already risen by 10-15% in the
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Greece’s Deputy Foreign Minister Spyros Kouvelis has described as especially positive the prospects of investment and business ventures between Cyprus and Greece, despite the slight decline due to the lagging economy. Addressing a business forum in Cyprus entitled “Cyprus: A bridge between the EU and Arab countries”, Kouvelis said that Greece, just as Cyprus, can
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The entry of domestic workers from Vietnam to Cyprus is suspended effective immediately announced here on Monday the Civil Registry and Migration Department of the Ministry of Interior. The suspension decision was taken by the Ministerial Committee for the employment of third country nationals in Cyprus dated February 3rd 2011.
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Most Asian share markets struggled for traction on Tuesday, but Japan's Nikkei hit a fresh 9-month high and Australian stocks rose as hopes of a sustained recovery for the rich world encouraged investors to switch funds from emerging to developed markets. The euro edged up from a two-week low plumbed after surprising weak German industrial
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Cyprus’ exports in 2009 accounted for approximately 6% of GDP, while exports of industrial products corresponded to the largest volume of products exported, with a share of 61%. Minister of Commerce, Industry and Tourism, Antonis Paschalides, has said here today that the major categories of industrial products exported concerned pharmaceutical products, light emitting diodes, recycling
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Egypt's stock exchange will reopen on Sunday, a bourse official said on Monday. The bourse last traded on Jan. 27 and has since been closed because of countrywide protests against the government of President Hosni Mubarak.
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