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For the period of January – August 2021, revenue from tourism is estimated at €777.0 mn compared to €235.6 mn in the corresponding period of 2020 An almost 300% increase has been recorded in revenue from tourism, compared to 2019, CNA reports. According to the results of the Passenger Survey carried out by the Statistical…

YOU would think a native would know more about his country than a first-time visitor, but George sold Cyprus short when he said it was “all about the beaches”. We were at the end of our trip to the Mediterranean island when we met the affable water-sports shop owner on a sandy stretch in Limassol.…

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Turkey opened the beachfront area of the abandoned Varosha resort on the northern third of Cyprus it has occupied since an unlawful 1974 invasion  Αssociated Press reports from Nicosia that there were outcries from Cyprus, Greece, Russia and Germany, as Turkey opened the beachfront area of the abandoned Varosha resort on the northern third of…

October 1, 2020 Irdeto, a specialist  in digital platform security, has announced it will provide Cyta, the leading brand in the Cyprus telecommunications sector, with an advanced digital rights management (DRM) solution. Cyta provides integrated electronic communication solutions, offering its customers a broad range of services and ICT solutions. Irdeto says its solution was chosen…

Cyprus: 5% Reduced Vat Rate Applicable On Tourism Services 15 August 2020 Kinanis LLC To print this article, all you need is to be registered or login on Mondaq.com. VAT DECREE Κ.Δ.Π 268/2020 WAS ISSUED BYTHE CABINET ON THE 23RD OF JUNE 2020 TO TEMPORARILYREDUCE THE VAT RATE ON TOURISM SERVICES VAT Decree Κ.Δ.Π 268/2020…

Cyprus sees its first branded boutique hotel open for business, as the Indigo in Larnaca started welcoming guests on Wednesday. The boutique hotel will operate under an international agreement between IHG (InterContinental Hotels Group), Sunnyseeker Hotels, the world’s largest hotel management company, in cooperation with Quality Group, a major land and investment developer in Cyprus.…

News 15 Jul 2020 by Mark Caswell Hyatt has announced plans for its first hotel in Cyprus, located in the southern coastal city of Limassol. The Grand Hyatt Limassol is scheduled to open in 2025, and will be situated on Blue Flag beachfront space to the east of the city. Features will include 300 rooms,…

Easyjet unveil summer 2021 schedule – here’s the destination list and when to book. Picture: Pixabay Travel abroad might seem unlikely for the foreseeable – but Easyjet have unveiled their 2021 summer schedule to tempt sunseekers to snap up a deal. For those already dreaming about trip abroad, the budget airline have published flight schedule for summer 2021 earlier than…

A leading Cypriot developer says it is still receiving daily enquires from Britain despite the Covid-19 crisis putting a temporary freeze on the domestic UK market. Leptos Estates claims that, while enquiries are down compared to March 2019 figures, they are still coming in, largely focused on holiday homes with rental potential. This is a…