By browsing on our website, you are agreeing to our cookies policy.

 

Paphos as the new cosmopolitan region in Cyprus is once again becoming the attraction for the majority of the European and Non-European buyers and entrepreneurs, according to Leptos Group.

Following a competitive tender and having obtained all required approvals by the government of Cyprus, Integrated Casino Resort Cyprus (CR Cyprus) has announced the award of the construction of the City of Dreams Mediterranean Integrated Casino Resort to Avax - Terna J.V. (formerly known as J&P Avax - Terna J.V.), a joint venture which is 60 percent-owned by AVAX SA and 40 percent-owned by Terna SA.

On the basis of the results of the Cyprus Passengers Survey, 102,756 residents of Cyprus returned from a trip abroad in February compared to 94,418 in the corresponding month in 2018, recording an increase of 8,8 percent.

This February there was an increase of 9,1 percent in the trips of residents to the UK(16,553 in February compared to 15,167 in February 2018) and 53,1 percent increase to Russia (6,828 to 4,461 in 2018).

On the basis of the results of the Cyprus Passengers Survey, arrivals of tourists reached 105,571 in February this year compared to 101,481 in February 2018, recording an increase of four percent.

City of Dreams Mediterranean Integrated Casino Resort, has been officially announced as the European Casino Association’s (ECA) 29th member. At the general assembly of ECA, the association’s board accepted City of Dreams Mediterranean's membership application, after the company subscribed to ECA’s code of conduct and it was decided that it meets the association’s strict membership criteria.

On the basis of the results of the Cyprus Passenger Survey, revenue from tourism in November 2018 reached EUR91,9 million, recording an increase of 2,7 percent compared to the corresponding month of 2017, while in December 2018 revenue from tourism reached EUR56,4 million recording an increase of 1,1 percent as compared to December 2017.