AGP Executive Report
Last update: 7 hours agoTourism Recovery Watch: Deputy Tourism Minister Costas Koumis says Cyprus is stabilising after a March–April slowdown tied to Middle East disruption, with flight schedule cuts and nearby airport closures hurting travel; he’s cautiously optimistic for the second half of 2026 as US and UK advisory revisions help restore confidence. New Market Push: STEK president Akis Vavlitis urges Cyprus to target India next, arguing the crisis exposed over-reliance on a single source market; he points to Britain as the biggest driver and Israel second, with Russia’s role weakened since Ukraine. Connectivity & Diplomacy: Cyprus and Kazakhstan signed five cooperation agreements during President Nikos Christodoulides’ first official visit to Central Asia, including pacts on tourism, digitalisation, cybersecurity, education and sport; embassies open in Astana and Nicosia, and Air Astana’s direct Astana–Larnaca service boosts travel links. EU Travel Convenience: The EU Council approved talks to extend “Roam Like at Home” to Western Balkans partners, a move that could make regional travel easier for visitors. Local Transport: Nicosia’s Argyroupoleos avenue opened to traffic to ease congestion and improve road safety, with further pavement works still pending. Economy Signals: Cyprus inflation eased to 2.6% in May, while registered unemployment rose 7.6% year-on-year, with accommodation and food services among the biggest pressure points.
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