The Cyprus government has revised the citizenship-by-investment scheme in order to attract more non- EU entrepreneurs and investors to engage them in the Cyprus economy. The key issue is to ensure that the investors have Cyprus as their prime residence as well as their main economic interests and activity being on the island also.
In 2017 Paphos is announced as the Cultural Capital of Europe and this is the most outstanding moment in Paphos Modern history.
Paphos will host a very important tourism conference in December which has attracted more than a thousand participants and Tour Operators.
Paphos is planning to increase promotion of the district and has drawn up an action plan for 2017, which includes improvements in the use of social media and other promotional outlets, according to an announcement by the local tourism board.
The Eurostat, the statistical office of the European Union, has issued statistical findings of the general household expenditure across the EU nations.
In the analysis of the individual EU country the data shows that the Cyprus Household Expenditure, which includes water, housing, electricity, gas and other fuels, takes up 16.6% share of Cypriot household budgets in 2015. The European average is significantly higher which holds 25% share of the average household budget!