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 Accelerates Battery Storage Expansion

Cyprus is accelerating the rollout of electricity storage as the Transmission System Operator (TSO) advances new infrastructure alongside private-sector projects aimed at strengthening grid stability and supporting the island’s energy transition.

Storage Capacity Expands

According to the Cyprus News Agency, the TSO has issued preliminary connection terms for stand-alone battery storage projects with a combined capacity of more than 200 MW and around 500 MWh of storage.

Connection terms have also been granted for hybrid solar-and-battery projects totalling 29 MW and approximately 100 MWh of storage capacity.

As an isolated electricity system, Cyprus increasingly relies on storage to balance supply and demand, particularly as renewable generation expands. Battery systems can absorb excess solar power during peak production and feed it back into the grid when demand rises.

Public Storage Projects Advance

Separately, the TSO has awarded a tender for the supply and installation of three grid-scale battery storage systems with a combined capacity of 120 MW and 400 MWh, following regulatory approval for privately owned storage facilities connected to the transmission network.

The systems are expected to help stabilize the grid, reduce renewable energy curtailment and improve the reliability of electricity supply.

Next Steps

The operating framework for the facilities is still being finalised, with privately owned storage projects expected to receive priority in market participation.

Once Cyprus completes its electricity interconnection with other European Union member states, ownership of the TSO’s storage assets is expected to be transferred through an open tender process, paving the way for broader market participation.

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