Breaking news

Cyprus Sets Tourism Record in 2024, Looks Forward to Continued Growth

According to Deputy Minister of Tourism Kostas Koumis, in 2024, Cyprus recorded its highest-ever tourism performance for the first nine months of the year. Speaking at the inauguration of the Cyprus Airways Flying Academy in Larnaca, Koumis highlighted impressive growth in arrivals and revenue, attributing this success to dedicated efforts by tourism stakeholders amid challenges like Eastern Mediterranean instability and European economic conditions.

Despite early-year obstacles, Cyprus’s tourism numbers remain robust, with the winter season anticipated to increase over last year’s figures, which rose by 7%. Koumis noted that tourism facilities are extending their operations through mid-November, an unusual move that reflects the sector’s resilience.

Looking forward, Koumis expects 2025 to bring even greater tourism growth. He cited extensive preparations for the upcoming summer season, as well as an expanding flight schedule that connects Cyprus to 39 countries through 55 airlines. While tensions in neighboring regions, particularly Israel, present uncertainties, Koumis is optimistic about the industry’s ability to adapt, emphasizing that Cyprus’s tourism sector is well-prepared to sustain its strong performance and deliver further growth in the coming years.

Cyprus Reconsiders EU Green Taxes to Prevent Consumer Impact

The Cypriot government is navigating complex tax scenarios amid new EU green regulations that pose potential increases in consumer costs. Responding to these concerns, President Nikos Christodoulides highlighted the strategic necessity to stall or minimize new carbon taxes to prevent significant financial pressure on residents through heightened water and fuel tariffs.

These proposed measures fall under the EU’s Recovery and Resilience Facility (RRF), aimed at accelerating Europe’s green transition. During a recent interview with Omega TV, President Christodoulides assured that Cyprus is working closely with EU officials to mitigate these impacts, even if it means sacrificing some financial assistance from the initiative.

Efforts to balance environmental commitments with fiscal responsibilities reflect a broader dedication to sustainable development.

The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter