Revenue from Cyprus tourism increased by nearly 30% or €80 mln in September on an annual basis, while in the first nine months, the rise in income reached an impressive 88% of
Cyprus tourist arrivals have reached 80% of pre-pandemic 2019, with visitors from the EU boosted by 22%. Tourism Minister Savvas Perdios told MPs the EU tourism market is “the most stable framework
Video game development firm Nexters, headquartered in Limassol, reached record-breaking quarterly revenues of $126 mln, growing 45% year-over-year and record high quarterly net profit of $23 mln. According to the company’s unaudited
Despite the loss of the big-spending Russians due to the war in Ukraine, Cyprus’ increased tourist flows have pushed up revenues in the first five months, close to income recorded in the
Cyprus ship management revenues increased to €516 mln during the second half of 2021, or 4.2% of GDP (as turnover), marking a steady recovery from the pandemic and associated decline in economic
Cyprus tourism revenues in 2021 were the lowest recorded in over a decade, excluding 2020, when the travel industry was essentially on COVID-19 lockdown throughout the year. Annual revenue from tourists reached
Some 15% of state revenue from the soon-to-be operational new casino resort will help build affordable government housing. The Cyprus Land Development Corporation’s 2022 budget will rise to €11.6 mln from about
Revenue from the shipmanagement sector in Cyprus showed a small increase in the first six months of 2021, reflecting the recovery in global shipping after the disruption caused by the COVID pandemic.
In April, revenue from tourism reached €31.7 mln from zero income last year as Cyprus was under a strict national COVID-19 lockdown. From March to early June 2020, there was a ban
Income from Cyprus tourism was crushed by the pandemic in the first ten months of 2020 with revenue dipping 85.1% from the year before. In October alone, receipts from tourism fell by
