Cyprus Tourism Industry Breaks Records With €3.12 Billion In 2024

by THEFUTURE.TEAM

January 30, 2025

Cyprus’ tourism sector saw a significant revenue boost in 2024, with total earnings reaching €3.12 billion in the first 11 months, surpassing full-year 2023 revenues of €2.99 billion. According to data from the Cyprus Statistical Service, this marks a €206 million increase (7.1%) compared to the same period in 2023, reflecting strong visitor spending and a thriving travel industry.

Record-Breaking Growth In November 2024

November emerged as a standout month, posting the largest annual revenue increase of the year. Tourism revenue for the month soared to €138.7 million, a 22% rise from €113.7 million in November 2023.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

The average spending per visitor also climbed, reaching €771.02 in November 2024—an 8.2% increase from €712.63 in the previous year.

Top Tourist Markets And Spending Trends

The United Kingdom remained Cyprus’ largest source of visitors, accounting for 25.9% of all tourists in November 2024, with an average daily spend of €80.58.

Polish tourists (11.3% of total arrivals) had an average daily expenditure of €88.80.
Israeli visitors (10.5%) were the highest spenders, averaging €139.80 per day.

Outlook For The Tourism Sector

The robust growth in tourist spending and arrivals underscores Cyprus’ strong appeal as a travel destination, despite global economic uncertainties. With 2024 revenues already exceeding 2023’s full-year figures, the country’s tourism industry is on track for another record-breaking year.

The Future Forbes Realty Global Properties

EU Farm Output Prices Decline For The First Time In Nine Months

by THEFUTURE.TEAM

March 12, 2026

EU Market Adjustments Signal New Price Trends

Agricultural output prices across the European Union declined in the fourth quarter of 2025, marking a shift after several quarters of increases. Data from Eurostat shows that farm gate prices fell by 1.9% compared with the same period in 2024.

Crisis of Declining Prices In Select Markets

Cyprus recorded one of the more notable decreases in agricultural input costs among EU member states, with prices falling by 2.6% compared with Q4 2024. The reduction eased cost pressures for the local agricultural sector following periods of higher prices earlier in 2025. Across the EU, prices for goods and services consumed in agriculture remained relatively stable. Non-investment inputs such as energy, fertilisers and feedingstuffs showed limited overall changes during the quarter.

Country-Specific Divergence In Price Movements

Eurostat data highlights considerable variation across member states. Fifteen EU countries recorded declines in agricultural output prices. Belgium registered the largest decrease at 12.9%, followed by Lithuania (8.2%) and Germany (6.0%). At the same time, twelve countries reported increases in output prices. Ireland recorded the strongest rise at 6.8%, followed by Slovenia (5.6%) and Malta (4.2%).

Stability In Agricultural Inputs Amid Commodity Shifts

Agricultural input prices also showed mixed developments. Eleven member states recorded declines, including Cyprus (2.6%), Belgium (2.1%) and Sweden (2.0%). Other countries experienced moderate increases, including Lithuania (4.2%), Ireland (3.3%) and Romania (2.5%). Among major agricultural commodities, milk prices declined by 4.1% while cereal prices fell by 8.9% across the EU. In contrast, fertilisers and soil improvers increased by 7.9%, reflecting continued volatility in input markets.

Outlook For EU Agriculture

The latest Eurostat data points to uneven price developments across the EU agricultural sector. While input prices remained broadly stable in many markets, movements in output prices varied significantly between member states. These trends highlight the need for farmers and policymakers to adapt to shifting commodity prices and changing cost structures across the European agricultural market.