COVID19: EU says Cyprus economy at risk from tourism plunge

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COVID19: EU says Cyprus economy at risk from...
 © FinancialMirror 2020

Cyprus’ economy is under significant strain from the heavy impact of COVID-19 fallout on tourism with expected revenues only 25% of last year’s level, the European Commission’s economic forecast said.

Revenue from tourism generated €2.68 bln in 2019, down 1% from the previous year, bolstered by record arrivals of 3.97 million.

“Cyprus was on a solid growth path before the global outbreak of COVID-19…the pandemic, and the confinement measures that followed have dramatically changed the...


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This article was automatically added to our system 7-7-2020

COVID19: EU says Cyprus economy at risk from tourism plunge


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Article Tags: covid19, cyprus, economy, tourism, plunge,