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The Environmental Authority gave the green light for the construction of a hotel unit in the coastal area of Meneou-Dromolaxia, in the location of Parayalia.

The popular holiday resorts of Ayia Napa and Protaras are flooded with visitors just like the good old days in 2019, key tourism players told Philenews.

University of Cyprus dormitories are clearly cheaper than the offerings in the private sector, but demand for dorm rooms are double the availability, the head of the university’s student care service Menelaos Menelaou said on Wednesday.

Cyprus’ Airbnb industry is enjoying a comeback following more than two years of lockdowns and travel restrictions, as it grew by 20% in tourist resorts in the second quarter of 2022 compared to last year.

The Larnaca tourism board is to place dozens of clay amphorae along the natural reef next to the sunken vessel LEF1, which lies one kilometre off the coast at Voroklini at a depth of 13 metres.

External geopolitical uncertainty and soaring inflation continue to trouble the Cypriot economy, causing a decline across a number of leading economic activity variables for the second month in a row, according to a report released this week by the University of Cyprus Economic Research Centre.

The Maritime Cyprus Conference is ready to open its doors and welcome shipping executives from all over the world to discuss the “Shipping Response to the 3 Cs: Crises-Challenges-Competitiveness”.

The finance ministry on Saturday welcomed Moody’s Investors Service decision to change the outlook on Cyprus’ Ba1 ratings to positive from stable, saying this acknowledges the economy’s resilience and potential to overcome challenges.

Bank of Cyprus has rejected a triple takeover bid by Texas-based investment fund Lone Star, with the last offer valuing the deal at €727.25 million, almost 50% above the bank’s current market cap of €496.25 million.