Breaking news

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

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.

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.

Cyprus Approves Up To €1.17 Million In Farm Aid After Extreme Weather Damage

The Cypriot government has approved economic support of up to €1.17 million for farmers who suffered losses from extreme weather events and natural disasters.

Relief For Crops And Fixed Assets

The compensation covers damage sustained during the 2025-2026 period, according to the Ministry of Agriculture, Rural Development and Environment. It applies to winter potatoes, citrus fruit, avocados, olives and loquats, as well as damage to fixed assets.

The package also includes support for banana crops damaged by a tornado, along with losses caused by fires affecting agricultural production and infrastructure.

About 610 Beneficiaries Expected

Roughly 610 recipients are expected to benefit from the scheme. Payments will be made through the Agricultural Production Protection and Insurance Fund, under Cyprus’s Law on Risk Management in Agricultural Production.

The decision was approved on the recommendation of the Minister of Agriculture.

Faster Payouts For Farmers

The ministry said process improvements have reduced the time required to disburse aid by about two months, allowing producers to receive financial support more quickly after a loss.

In its statement, the ministry said it continues to use all available tools to address the impact of the climate crisis and severe weather, to strengthen the resilience and long-term sustainability of the primary sector.

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