Thanks to its pristine beaches and crystal-clear waters, Cyprus is renowned as a fantastic holiday destination, welcoming millions of tourists each year.
People often ask which is the best city in Cyprus for a holiday, and of course, the answer depends entirely on what type of holiday you are looking for.
The most popular destinations for a sun, sea and sand summer holiday are Ayia Napa, Protaras, Larnaca and Paphos. In contrast, Limassol offers a more sophisticated option for those seeking a combination of beach holiday and city break.
We also have many smaller towns and villages along the coast, such as Paralimni, Pissouri, and Latchi, as well as a plethora of wonderful traditional villages in the Troodos Mountains.
Away from tourism, Cyprus is also a business hub powered by a talented local and international workforce.
Let’s briefly explore some key contributors to the Cyprus economy, outside of tourism.
A large percentage of Cyprus’s economic strength lies in its shipping industry, which has grown over the years due to its strategic location at the “crossroads” of Europe, Asia, and Africa and for other reasons.
For example, following Brexit, P&O Ferries announced that its UK fleet would be reflagged from Dover in the UK to Limassol.
Today, the shipping sector makes a significant contribution to the nation’s economy, with Cyprus boasting one of the largest merchant fleets globally and a modern international port in Limassol.
Financial services, including banking and insurance, also make a significant contribution to the Cyprus economy. Limassol, in particular, is home to many international foreign exchange companies.