Economy

Last-minute bookings boost Cyprus tourism, but Larnaca lagging behind

Last-minute bookings have helped strengthen hotel occupancy in Limassol and Paphos this August with the free Famagusta district doing better

07:45 - 13 August 2026

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Andrei Sokal: Real, lasting growth happens when businesses, universities and government are actually pulling in the same direction

The CTO and Co-Founder of SayGames discusses the island’s evolving technology ecosystem and why collaboration is key to its ongoing success

07:00 - 13 August 2026

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Road freight transport in Cyprus rises in first quarter of 2026

Between January and March 2026, road freight transport reached 11,130.5 thousand tonnes, compared with 10,882.1 thousand tonnes during the corresponding period of 2025

14:30 - 12 August 2026

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Panayiotis Constantinou: Tourist flow in the free Famagusta district has improved significantly in August

For August, the estimate is that hotel occupancy will be around 80%-85%, with indications for September also positive

14:03 - 12 August 2026

US congressmen call on the US government to prioritise the Great Sea Interconnector

The GSI is a key strategic infrastructure project central to the development of the IMEC corridor, the group notes

12:26 - 12 August 2026

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Bounced cheques fall 50% in July, Central Bank says

A total of 16 bounced cheques were recorded, compared with 30 in the same month of 2025

11:19 - 12 August 2026

Euripides Loizides on the significant increase in the Israeli tourist market in the Paphos district and the occupancy of hotels in August

The President of the Paphos Hoteliers Association also notes that a significant portion of reservations are being made at the last minute

09:51 - 12 August 2026

Christos Tsanos: Limassol hotels are fully booked for August, with last-minute bookings a particular feature of this year

Limassol mainly serves tourists of a higher income class and with increased demands, the President of the district's branch of PASYXE says

08:49 - 12 August 2026

Central Bank acknowledges resilience but warns banks that risks are increasing

The Financial Stability Report by Central Bank of Cyprus states that the banking sector remained resilient to domestic and external shocks

08:33 - 12 August 2026

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Public sector employment rises by 300 in July to 53,747

The increase was driven mainly by the Educational Service, where employment rose by 2.6%, according to the CySTAT figures

07:45 - 12 August 2026

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Marios Polyviou: Cautious optimism from last-minute bookings – Hotel occupancy in Larnaca down 15%

Significant agreements with TUI UK and Jet2, Israel remains the main market as Larnaca is considerably affected by geopolitical developments

12:39 - 11 August 2026

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Cyprus leading economic index decline eases in July

It compares with a 0.69% year-on-year decrease in June and a 1.34% decline in May, indicating a gradual easing of the negative trend amid heightened external geopolitical pressures

08:08 - 11 August 2026

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Fuel price cuts expected if oil prices continue to fall, Gas Station Owners’ Association says

“We expect prices to fall, provided that the price [of oil] stabilises at lower levels”

08:02 - 11 August 2026

Trade deficit in first six months of 2026 shows annual increase

The trade deficit was €4,679.1m in January–June 2026 compared to €4,055.1m in the corresponding period of 2025, CySTAT has reported

13:15 - 10 August 2026

The companies to which the state has paid over €1m for the purchase of services

The largest amount of state funds was spent on public passenger transport, the purchase of water and the construction of the Limnes Accommodation Centre

09:27 - 10 August 2026

Koumis discusses connectivity and Cyprus as year-round destination with hoteliers

Deputy Minister of Tourism Kostas Koumis met with the new leadership of the Cyprus Hotel Association, PASYXE

08:09 - 10 August 2026

5555799057234257 Acting Director of the Shipping Deputy Ministry Kyriakos Aliouris

Cyprus-Greece passenger ferry link will continue to operate in 2027, Shipping Deputy Ministry official confirms

Acting Director of the Shipping Deputy Ministry Kyriakos Aliouris described the route's performance as positive, saying that “this year is going very well”

07:47 - 10 August 2026

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Vehicle registrations increase 11.5% in first 7 months, used cars maintain a steady lead

Increase recorded in registrations of hybrid saloons

14:50 - 07 August 2026

Inflation in July stood at 2.9%, according to CySTAT

The Consumer Price Index in July 2026 decreased by 0.68 points, reaching 102.32 units compared with 103.00 in June 2026. Inflation in July 2026 stood at 2.9%

09:41 - 07 August 2026

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