SUNDAY, 15 DEC 2019



Facebook Linked In Twitter

ECB Chief Christine Lagarde: I Want to Be the Wise 'Owl' Of Monetary Policy

Nicos Anastasiades Expresses Full Appreciation for EUCO Conclusions On Turkey



Annual Tourism Revenue Up This April By 3%

Annual Tourism Revenue Up This April By 3%

Revenue from tourism in April 2019 presented an increase of 3% on an annual basis, after having recorded a drop in the two previous months, the Cyprus News Agency reports.

According to the Passengers Service, published by the Statistical Service, revenue from tourism in April 2019 reached €186.6 million compared to €181.4 million in April 2018.

This is the first annual increase recorded after the two previous months recorded a drop.

However, for the period of January - April 2019 revenue from tourism are estimated to be  €375.2 million compared to €382.5 million at the same period of 2018, recording a drop of 1.9%. It should be noted that last year was a record high in both tourist arrivals and revenue from tourism.

According to the official data per capita expenditure of tourist in April 2019 reached €566.60 compared to €577.39 in the corresponding month of the previous year, recording a drop of 1.9%.

Per capita daily expenditure in April 2019 also recorded a decrease of 0.6% compared to April 2018, down from €71.28 to €70.83. The average duration of stay also fell by 1.2% from 8.1 days in April 2018 to 8.0 days in April this year.

Per capita expenditure of tourists for the period January - April 2019 reached €546.32 compared to €559.54 at the same period of the previous year, recording a drop of 2.4%.

Per capita daily expenditure for the period of January - April 2019 ( €66.62) remained at similar levels when compared to the same four months of 2018  (€66.61).



Assets Under Management of Collective Investments at €7.7b

Management Companies and Undertakings of Collective Investments (UCIs) recorded a further ...

IMF Identifies Challenges for Cyprus’ Economy

Low productivity and high private debt, as external risks increase, are the main ...

Revenue from Tourism for September 2019

On the basis of the results of the Passenger Survey released by CyStat, revenue from ...



Land Units and Plots Across Cyprus for Sale by GoGordian

GoGordian, leader in the real estate market, launched its “Go Land” campaign to promote its various land units and plots for sale across the island. ...

Natasa Pilides Included in Lloyd’s Top 10 Influential Women in Shipping List

Following the example set by the International Maritime Organization with this year’s Maritime Theme of “Empowering Women in the Maritime ...

Aristo Developers Adds Paradise Gardens in its Portfolio

With its sustainable expansion strategy drive, and delivery of new development projects, Aristo Developers enriches its real estate portfolio with the addition ...

Bentley Opens New Showroom in Cyprus

Bentley Motors has announced the opening of a new showroom in Limassol, Cyprus. The first Bentley showroom in Cyprus is situated at the most southern point of ...

PwC Cyprus - Career Presentations & 'Gala Dinner' in London

Between 11 and 22 November 2019, PwC Cyprus held a series of presentations on career opportunities for students attending university in the United Kingdom as ...

Government Employment by Category

In November 2019 total government employment increased by 445 persons (0,9%) in comparison to the corresponding month of 2018 and reached 52.504 persons, ...

UNGA Adopts Resolutions On Oceans And Seas, With Turkey Being Only UN Member State Voting Against

The UN General Assembly adopted on Tuesday two resolutions on the oceans and seas linked to implementation of the landmark 1982 United Nations Convention on ...

Nicos Anastasiades Expresses Full Appreciation for EUCO Conclusions On Turkey

The CNA reported that President of the Republic of Cyprus Nikos Anastasiades expressed his full appreciation for the European Council (EUCO) conclusions on ...