Breaking news

Hoteliers Challenge British Tabloid Reports On Reduced Bookings in Cyprus

Recent claims by the British tabloid Daily Express about a significant drop in tourist bookings in Cyprus have been refuted by local hoteliers. The tabloid’s report, which describes a “crisis” potentially costing the sector £30 million, has been labelled as outdated by Philokypros Roussounides, Director General of the Cyprus Hotels Association (CHA). According to Roussounides, the article references data from several months ago and does not reflect current realities, such as the addition of new flights and stable tourist arrivals matching last year’s levels.

Chrysemili Psilogeni, General Manager of the Association of Cyprus Travel Agents (ACTA), acknowledged a decline in bookings earlier this year but noted that airport arrivals have recently increased. However, she pointed out that arrivals do not necessarily equate to hotel bookings, as tourists often opt for short-term rentals or stay in the island’s Turkish-occupied areas.

Resilience and Future Prospects

Roussounides emphasised the resilience of the tourism sector amid ongoing challenges, including geopolitical instability. He underscored the importance of continuing to invest in and strengthen the sector to maintain and improve current levels of tourist arrivals.

Meanwhile, Psilogeni highlighted the need to attract higher-quality tourism and extend the tourist season to enhance the sector’s sustainability. This approach aims to counterbalance any potential fluctuations in tourist numbers and expenditure due to external economic pressures.

Government and Industry Response

The Deputy Minister of Tourism, Kostas Koumis, had previously expressed optimism that tourism targets would be met based on data from the first four months of the year. His comments align with the industry’s cautious optimism, reflecting a broader confidence in Cyprus’s ability to weather short-term setbacks and continue its trajectory of tourism growth.

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

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.

eCredo
Aretilaw firm
Uol
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter