miltiades wrote:The Cyprus economy will collapse in the absence of tourism. Unemployment will rise to unprecedented levels and all Cypriot companies will suffer as a result. Cyprus is not only becoming expensive IT IS bloody expensive .
The cost of daily essentials , bread , milk , cheese , water are much higher than the UK , the largest provider of Tourists. The airport prices for beverages , snacks etc is perhaps the highest in Europe ! As for taxis , well , prices in Paris are cheaper than Cyprus. Take note Cypriots , your livelihood is at risk . Listen not to the GRs of this world , Cyprus not only needs the tourist revenue but it needs to increase it and maintain the present levels.
The income generated by Banks , like in every European country , remains at the banks coffers , the populace at large receives little or no benefit .
Financial executives , lawyers , Accountants etc , all are prone to any serious loss of tourist revenue. Thousands of Cypriots rely on the biggest foreign currency earner for their livelihood. The tourist industry.
Cyprus needs exactly the opposite. It needs more advancements in technology, e.g. renewable energy that will stop the dependance on foreign oil. The tourism industry should be developed only in terms of quality (something that is indeed in progress). I other words, we need a limited number of rich tourists which will provide a high revenue to the CY economy. If someone wants a low budget vacation then there are many option (northern african countries, Turkey, Syria, Lebanon, etc.). Total dependance on tourism means total dependance on other nations. It's time to move on!