Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Tourism revenues in Cyprus rose 3.8 percent in 2010, official data showed on Monday, boosting confidence of an economic recovery in the EU member state.
Revenue for January to December 2010 reached 1.54 billion euros ($2.1 billion) compared with 1.49 billion euros for 2009.
Income from tourism accounts for nearly 12 percent of gross domestic product of the holiday island.
It is the first rise in income from tourism since 2007 when tourism yielded 1.85 billion euros, despite December's severe weather across Europe curtailing arrivals.
In December, tourists spent 40.9 million euros in Cyprus - 4.2 percent less than the 42.7 million euros they brought in to the Cypriot economy in December 2009.
The recession-hit Irish were the biggest spenders at an average 153.2 euros per day, while the Danes were the most frugal, spending just 30.4 euros.
The number of holidaymakers to Cyprus hit a high of 2.69 million in 2001, spending a record 2.17 billion euros.
The government predicts improved tourism income will help the economy to grow by around 1.5 percent in 2011 after an unprecedented year-long recession in 2009.
GDP growth figures for 2010 are expected to be close to 0.8 percent after the economy shrank by 1.7 percent in 2009.
Cyprus is trying to reduce a fiscal deficit that last year was almost double the European Union's permitted ceiling of three percent.
The government has raised taxes and cut spending in an effort to bring the deficit below four percent this year as mandated by Brussels.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments