High Occupancy Rates for Cyprus Restaurants in October; Winter Decline Anticipated

by THEFUTURE.TEAM

November 1, 2024

Restaurants, cafes, and bars in Cyprus experienced a strong October, with occupancy levels reaching 80 to 90 per cent, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre Owners (Osika). He described October as a “very successful month” for the food service industry.

However, with winter approaching, Thrasyvoulou acknowledged potential challenges, especially with the impact of regional instability. “Visitor numbers have seen a slight drop in recent days,” he noted, though he hopes that occupancy levels will remain steady until mid-November. By early November, Thrasyvoulou expects visitor occupancy to hover around 50 to 60 per cent, after which the responsibility will lie with businesses to keep operating, with support from the Labour Ministry’s programme to extend the tourism season.

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Reflecting on the earlier summer months of June and July, Thrasyvoulou highlighted that visitor numbers were initially lower than expected, largely due to Middle East tensions. The trend eventually improved, leading to a stronger second half of the season.

Despite rising costs, Thrasyvoulou urged business owners to maintain affordable pricing, aiming to keep dining accessible for both locals and tourists amid economic pressures.

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Reevaluating Europe’s Transport Strategy Amid Global Energy Pressures

by THEFUTURE.TEAM

April 20, 2026

Transport challenges in Europe are intensifying as global energy market volatility and the crisis in the Middle East push fuel costs higher and increase economic uncertainty. EU Transport Minister Alexis Vafeades warned that the sector is approaching a critical point, calling for a coordinated response at the European Union level.

Coordinated Response In A Time Of Uncertainty

At a recent meeting in Limassol, representatives from EU Member States’ transport administrations convened to address mounting pressures on the sector. Minister Vafeades outlined a timeline that includes a videoconference on April 21 and further discussions at the Informal Council on April 27–28. Discussions will focus on rising fuel costs, risks of supply chain disruptions, and broader implications for connectivity across Europe.

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Economic Impacts And Inflationary Concerns

Although the European Union is not facing fuel shortages, instability in global energy markets is already affecting transport operators and businesses. Rising costs for diesel and jet fuel are placing pressure on operational budgets while contributing to broader inflationary trends.

Transforming Transport Policy For A Competitive Future

Cyprus, currently holding the rotating presidency of the Council of the EU, has placed transport policy at the center of its agenda. Minister Vafeades emphasized that transport now extends beyond mobility to include competitiveness, internal market efficiency, social cohesion, and climate objectives. This broader approach is aimed at strengthening resilience and ensuring stability amid external pressures.

Building Connectivity And Resilience

Permanent Secretary Marina Ioannou Hasapi reinforced the need for coordinated European action, noting that geopolitical uncertainty highlights the importance of preparedness and pragmatic policymaking. Ongoing disruptions, including airspace closures and developments affecting the Strait of Hormuz, continue to influence global oil markets. Ensuring stable supply chains and secure energy access remains a priority.

Current discussions at the EU level will determine how quickly member states can respond to rising fuel costs and potential supply disruptions. Outcomes from the upcoming April meetings are expected to shape short-term transport policy coordination across the bloc.

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