domestic market

160 hotels in Cyprus to be affected by FTI closure

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160 hotels in Cyprus to be affected by FTI closure

Approximately 30,000 tourists who were expected to visit Cyprus are impacted by the bankruptcy filing of travel provider FTI. This affects around 160 hotels and other businesses in Cyprus that collaborated with the Group. Bookings made through FTI are being cancelled, with efforts to cover part of the trips still underway. The impact on the tourism industry in Cyprus is significant due to various challenges the industry is facing, such as the war in Israel, economic recession in the UK, upcoming elections in the UK, the European Championship, and the Olympic Games.

Clinics , ‘may suspend operations’ due to nurse shortage

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Clinics , ‘may suspend operations’ due to nurse shortage

Cyprus is facing a nursing shortage of between 450 and 500 nurses, which is impacting the operations of clinics and hospitals. The shortage is expected to increase as nurses retire. To address this issue, the employers’ and industrialists’ federation (Oev) is suggesting hiring nurses from third countries and utilizing third country nationals who study nursing in Cyprus. Private hospitals are already struggling to find staff to hire, and there are concerns about lowering the number of hours required to train nurses in Cyprus, which could impact patient safety.

Tanzania: Owners of large industries seek government protection against cheap imports

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Tanzania: Owners of large industries seek government protection against cheap imports

Some owners of large industries in Tanzania have requested the government to protect them against cheap imports by increasing import taxes on trucks assembled outside the country.

Owners of large industries in Tanzania seek government protection against cheap imports

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Owners of large industries in Tanzania seek government protection against cheap imports

Some owners of large industries in Tanzania have asked the government to protect them against cheap imports by increasing import taxes.

More than half wine sold in Cyprus made locally

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More than half wine sold in Cyprus made locally

– 55 per cent of wines available in Cyprus are made locally
– Exports of Cyprus wine amounted to €1.3 million in 2023

10% increase in beer deliveries in March

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10% increase in beer deliveries in March

Total beer deliveries in March 2023 increased by 10% compared to the previous year, with domestic deliveries driving the rise. Domestic deliveries amounted to 3.3 million litres, showing an 11.5% increase, while exports decreased by nearly 18% to 0.14 million litres.