Angelos Loizou, chairman, Cyprus Tourism Organisation (CTO) recently addressed the Cyprus Hotel Association’s Annual General Assembly, highlighting his board’s greatest challenges and achievements as it nears the end of its five-year term.

Fitch Ratings recently upgraded Cyprus’ long-term foreign and local currency Issue Default Ratings by one notch to BB- from B+.

SPEAKING AT CYPRUS HOTEL ASSOCIATION’S ANNUAL GENERAL MEETING WHICH MARKED THE ENTITY’S 80TH ANNIVERSARY, ANGELOS LOIZOU, CHAIRMAN, CYPRUS TOURISM ORGANISATION (CTO),

We are a reliable partner of the local economy. “We have come a long way since launching the first flight from Paphos eight years ago, and since then,