Cyprus Business Now: tourism, Cyprus Presidency, housing, VAT, CBC

President Nikos Christodoulides on Thursday addressed the 91st HOTREC general assembly in Paphos, highlighting the vital role of tourism in Cyprus’ economy, the country’s sustainable development strategy, and upcoming European priorities under Cyprus’ EU presidency in 2026.

HOTREC is the umbrella association  representing Europe’s hospitality  industry to EU institutions, advocating for its interests, and sharing expertise on key issues.

The president began by welcoming participants, calling the event “a gathering of