Cyprus Business Now: tourism, shipping, hotels, VAT, cost-of-living

The economy of the Famagusta district is coming under growing strain from the fallout of developments in the Middle East, with Paralimni-Deryneia mayor Giorgos Nikolettos warning that the new tourist season will depend in part on how quickly Cyprus can restore confidence in key foreign markets. In a written statement, Nikolettos welcomed the government’s recently announced support measures, […]