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1 Apr 2018
Top news of the week


Cyprus is able to put up more than 85 thousand tourists simultaneously

Nissi Beach in Ayia Napa ranked third on Instagram

Cyprus public debt decreased by 3.6%

Brand New Municipal Shopping Centre in Larnaca – bound to revive trade in the city

Cyprus WILL NOT expel Russian diplomats – Government statement



The Government stated that Cyprus WILL NOT expel Russian diplomats. “Although Cyprus generally agrees with EU decisions, it will not expel Russian diplomats,” said Prodromos Prodromou, the Official Representative of the Government of Cyprus, to Cypriot News Agency CNA.

“Cyprus is among the 14 countries that DO NOT take such actions. This was also the position of Cyprus in the COREPER (the Permanent Representatives Committee in the EU) stating that we agree, but our country is not able to take action against countries, which are the permanent members of the UN Security Council,” said Prodromos Prodromou.


The construction of a municipal shopping centre and municipal parking in Larnaca was announced. A written statement of the municipality states that “This project will radically change the image of the city centre because it is expected to be a big step on the way to trade revitalisation. The costs are expected to be around 6 million euros and the project can be co-financed by the European Union Structural and Investment Funds and the Larnaca municipality.” Construction works are expected to begin in 2018.


Cyprus government debt decreased by 3.6%. Cyprus national debt amounted to 18.315 billion euros, which is 3.6% less than last year, according to data published on Wednesday by the Public Debt Management Office (PDMO) of the Ministry of Finance.

In monetary terms, the state debt decreased by 683 million euros compared to 2016 due to early repayment of arrears to the Central Bank of Cyprus in the amount of 613 million euros and 288 million euros to the IMF.
According to PMDO, internal and external loans amounted to 11.7 billion euros or 64% of Cyprus debt. The largest creditor of Cyprus is the European Stability Mechanism with loans for a total amount of 6.3 billion euros granted to Cyprus in 2013. The term of the loan expires in 2031.


Nissi Beach in Ayia Napa ranked third on Instagram. Nissi Beach in Ayia Napa  ranked third among the most popular beaches on the social network Instagram.

In its statement, the municipality of Ayia Napa said that Nissi Beach took third place as the most popular photographed beach on Instagram displaying more than 124,910 photos.

The study was conducted by Globehunters.
Also, three beaches in the area of Famagusta are among the first 60: Fig Tree Bay at 20th, Konnos at 40th and Makronisos at 53rd place.


Today, Cyprus is able to put up more than 85 thousand tourists simultaneously. The new tourist season begins in Cyprus, and the country has prepared to accommodate for more than 85 thousand guests, compared to 83 thousand last year. The market participants hope that in the current year Cyprus will set a new record by accepting 4 million tourists (3.7 million in 2017).