Select language:

Cyprus evaluated damage from Russian tourist flow reduction at 600 million euros

 / Главная / Russkiy Mir Foundation / News / Cyprus evaluated damage from Russian tourist flow reduction at 600 million euros

Cyprus evaluated damage from Russian tourist flow reduction at 600 million euros


11.07.2022

Photo credit: LES GLASSMAN / youtube.com

Cyprus can lose up to 600 million euros due the decrease of  the number of Russian tourists. The possible damage was calculated by the government of Cyprus. At the height of the holiday season, there are problems with the demand for tourist infrastructure on the island, RIA Novosti reports.

The media claims that Cyprus is acutely feeling the consequences of the step to join the anti-Russian sanctions. The economy of the island was largely dependent on the generosity of Russian tourists and the activity of investors, but now there are difficulties with this.

Before the cancellation of flights, Russian tourists were second only to the British in number. They also tended to spend the most on vacation. Now, due to a sharp decline in the number of Russian tourists, local hotels and other tourist infrastructure facilities are experiencing problems. ''How will we stay afloat without the Russians?'' Cypriots ask themselves.

The head of the Council of Hoteliers of Limassol, Haris Theocharous, complains that Russian tourists who have been refused by Cyprus are choosing neighboring Turkey for their holidays. He believes that small Cyprus has suffered from anti-Russian sanctions to a greater extent than other European states.

Russkiy Mir

News by subject

Publications

Italian entrepreneur Marco Maggi's book, "Russian to the Bone," is now accessible for purchase in Italy and is scheduled for release in Russia in the upcoming months. In the book, Marco recounts his personal odyssey, narrating each stage of his life as a foreigner in Russia—starting from the initial fascination to the process of cultural assimilation, venturing into business, fostering authentic friendships, and ultimately, reaching a deep sense of identifying as a Russian at his very core.