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2024: A Pivotal Year For Tourism And Economic Growth In Cyprus

by THEFUTURE.TEAM

December 2, 2024

Deputy Minister for Tourism, Kostas Koumis, has described 2024 as a milestone year for Cyprus’s tourism sector, highlighting record-breaking achievements in visitor arrivals and revenue. His remarks, delivered on Friday, follow the release of impressive figures by the Statistical Service.

Tourism Reaches New Heights

Koumis expressed satisfaction with the sector’s recovery, noting that arrivals and revenue have returned to, and even exceeded pre-pandemic levels. According to the Deputy Ministry, revenue from January to September 2024 rose by 31.1% compared to 2022 and 15.3% compared to 2019. Arrivals for the January–October period increased by 4.6% from 2023, and 26.7% from 2022, and even surpassed 2019’s figures by 0.8%.

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Additionally, Koumis pointed out that per capita expenditure remains steady, reflecting sustained economic benefits from tourism. Looking ahead to 2025, the ministry’s strategy prioritises investment in rural tourism, environmental preservation, and community-driven benefits.

Resilient Sector and Strategic Success

The Deputy Ministry credited the robust performance to effective market-targeting decisions and the resilience of the tourism sector. Koumis emphasised that Cyprus’s approach to diversifying its tourism offerings and focusing on quality experiences has yielded significant results.

Economic Highlights: Fiscal Surplus and Revenue Growth

Cyprus’s broader economic performance in 2024 also stands out. Preliminary data from the Statistical Service reveals a surplus of €1.43 billion (4.2% of GDP) for January–October, up from €664.8 million (2.1% of GDP) during the same period in 2023.

Revenue Growth

Total Revenue: Increased by 6.6%, reaching €11.69 billion.
Taxes on Production and Imports: Grew by 6.2%, with net VAT revenue rising 7.6%.
Income and Wealth Taxes: Surged by 16%, amounting to €2.9 billion.
Revenue from Goods and Services: Jumped by 29.9%, reaching €822.7 million.

While some areas, such as social benefits and employee compensation, saw increases, the overall fiscal picture remains positive, driven by disciplined spending and strong revenue growth.

Looking Forward

With record-breaking tourism figures and a strong fiscal position, Cyprus is well-positioned for sustainable economic growth. Investments in rural development, community benefits, and environmental sustainability ensure that both the tourism sector and the wider economy will continue to thrive in the years ahead.

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White House Unveils New App Highlighting Trump Administration Achievements And Economic Insights

by THEFUTURE.TEAM

March 30, 2026

Overview Of The New Digital Initiative

The White House introduced a smartphone app presenting selected updates on the second term of Donald Trump. App provides direct access to administration content and policy updates. Platform includes a feature allowing users to submit tips to the U.S. Immigration and Customs Enforcement through its official portal. Function adds an interactive element to the app.

Policy Highlights And Economic Data

App highlights policy priorities alongside economic data. Content includes price changes in selected consumer goods based on data from the U.S. Bureau of Labor Statistics. Examples cited include declines in prices for eggs, milk and bread. Some categories with price increases, including energy and certain food products, are not reflected in the app.

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Real-Time Updates And Strategic Messaging

The administration emphasizes that the app delivers information “straight from the source, no filter.” This approach follows a series of cryptic video releases on official social media channels, building anticipation for the broader launch. The application also features a section on foreign investment and national border security statistics, further underlining its role as a comprehensive communications tool in an era marked by dynamic economic and geopolitical challenges.

Balancing Economic Optimism With Realities

Scott Bessent said energy prices and inflation may decline despite current volatility. Comments were made during a televised meeting. App also references reductions in prescription drug costs linked to policy measures. Independent assessments of long-term impact remain limited.

Conclusion

The launch of this digital platform represents a significant evolution in how the Trump administration communicates its agenda and performance metrics. By integrating official data with real-time updates and interactive features, the administration is setting a precedent for transparent yet strategic public engagement in the digital age.