Tourism may Boost Economy in Cyprus

With the tourism spending more than 1.95 billion euros in just 10 months in Cyprus, there is hope that this sector will ease the economy out of recession. Tourism revenues of 1.95 billion euros ( (Dollar) 2.66 billion) up until October surpassed the ?1.92 billion spent by holidaymakers during the whole of last year. And debt-ridden Cyprus?s tourism income increased 16.6 percent in October alone compared to the same month in 2012, offering a financial lifeline ...