Cyprus-Forum.com

[kurupetos]

Words out that from the hydrocarbons every Cypriot will be getting 10,000 euros per month..now who wants to go out and plow a field when it's 40C in the shade..or serve tourist their cocktail drinks?

Date? 2020?

Antexe until 2020

I don't have another choice, doc.

[DrCyprus]

Words out that from the hydrocarbons every Cypriot will be getting 10,000 euros per month..now who wants to go out and plow a field when it's 40C in the shade..or serve tourist their cocktail drinks?

Date? 2020?

Antexe until 2020

I don't have another choice, doc.

The amount of wealth coming out of those fields could be split in a way that every Cypriot would be getting 10,000 euros a month...but as always... it will probably be split so one in a hundred Cypriots and some fat corporation in another country will be absorbing that money.

[georgios100]

10,000 Euros a month??? Who is to believe that! You guys are day dreaming!
Gas revenue will be used to pay out debt, much needed infrastructure, social spending and perhaps
rebuilding Famagusta, Morphou and the rest of the occupied territories if the CYprob is solved.
More money should be funneled to the pension/provident funds to compensate for the hair cut.
The rest of the money will be "eaten" by corrupted politicians and other vultures. If we are lucky, we might get
a reduction in electricity rates and cheaper fuels for cars, heating/air conditioning and water desalination.

[georgios100]

Travel and Tourism contribution to GDP for Cyprus is very low, much room for improvement.
CY ranks #81 in the world... well below world average.

Here is the stats:


Travel & Tourism's Direct
Contribution to GDP 2011

Rank Country US$bn

7 Italy 71.6
13 Turkey 33.0
22 Greece 17.3
World Average 16.6
27 Egypt 15.5
39 Morocco 8.9
46 Croatia 6.1
56 Lebanon 4.1
61 Tunisia 3.1
81 Cyprus 1.4
86 Malta 1.3

Mate, the above is the Nett Worth of Tourism to the GDP in USD.

Cyprus is low because it is small. Can't be comparing it to any country other than Malta in the above list. Comparing to Italy and Turkey is just ridiculous. But comparatively speaking I think you will find that the Tourism industry in Cyprus is a lot more huge than Turkey and comparable to Italy placing Cyprus at the top of the list.

You need to be a bit more analytical and look into statistics and what they mean.

Furthermore, more tourism means more monstrosity hotels on the coast. Soon, the entire coast will be encased in shitty resorts. We already have enough. Best to look for alternative industry and diversify the career options for Cypriots.

Well, I got these numbers from here:
http://www.wttc.org/site_media/uploads/ ... us2012.pdf
As you can see, Cyprus is way behind on every aspect of tourism related contribution to GDP.
We may have the feeling that CY has too many tourism related institutions but in reality we just don't have enough even to reach the world average.
Take a look for yourself at this document...

[Paphitis]

Travel and Tourism contribution to GDP for Cyprus is very low, much room for improvement.
CY ranks #81 in the world... well below world average.

Here is the stats:


Travel & Tourism's Direct
Contribution to GDP 2011

Rank Country US$bn

7 Italy 71.6
13 Turkey 33.0
22 Greece 17.3
World Average 16.6
27 Egypt 15.5
39 Morocco 8.9
46 Croatia 6.1
56 Lebanon 4.1
61 Tunisia 3.1
81 Cyprus 1.4
86 Malta 1.3

Mate, the above is the Nett Worth of Tourism to the GDP in USD.

Cyprus is low because it is small. Can't be comparing it to any country other than Malta in the above list. Comparing to Italy and Turkey is just ridiculous. But comparatively speaking I think you will find that the Tourism industry in Cyprus is a lot more huge than Turkey and comparable to Italy placing Cyprus at the top of the list.

You need to be a bit more analytical and look into statistics and what they mean.

Furthermore, more tourism means more monstrosity hotels on the coast. Soon, the entire coast will be encased in shitty resorts. We already have enough. Best to look for alternative industry and diversify the career options for Cypriots.

Well, I got these numbers from here:
http://www.wttc.org/site_media/uploads/ ... us2012.pdf
As you can see, Cyprus is way behind on every aspect of tourism related contribution to GDP.
We may have the feeling that CY has too many tourism related institutions but in reality we just don't have enough even to reach the world average.
Take a look for yourself at this document...

George,

Cyprus is not behind. On a nett worth contribution to GDP, if you do the calculations, I believe Cyprus might fall in the top 10.

As far as a percentage contribution to GDP, Cyprus is 47th. Most developed nations are ranked lowly and notice how it is mostly third world developing nations with a lower GDP are ranked higher. That does not mean their tourism industry is more advance. The developed countries ranking low have a more developed tourism industry but as a percentage contributor it is low as there are other sectors contributing to their GDP and so do not heavily rely on that sector. Similarly, if Cyprus' GDP declines due to the downsize of the Banking and Finance Sector, the tourism % contribution towards the GDP will increase regardless.

I think Cyprus has gone as far as it can go with tourism.

[repulsewarrior]

...did you know that the Bank of Cyprus ranks very high in the world for the services it offers? service, as in facilitating exchange is the key because this Human resource exists and is soon to be under exploited. Cyprus offers its global partners with excellent Legal and Administrative functions, we can build on that.

...Engineering needs its due looking forward, what with billions to be spent here in the near future, (gaz+transportation), at issue; strengthing our efforts in Science, now that they have been noted, with a 'can do' attitude, if Cypriots focus on an economy that is knowledge based. Tourism is important as a subsidiary in this sense, and it is an opportune time to stimulate actions that promote care for the environment and atmosphere (for ourselves) that is so attractive to the foreign trade who travel here because they appreciate the value of this Cultural wealth, and Heritance.

...Cypriots are famous for filling the cracks, cut down this way we end up having to rebuild our walls, the challenge will present opportunity, more with less, students are now learning; this is a good thing.

[Oceanside50]

...did you know that the Bank of Cyprus ranks very high in the world for the services it offers? service, as in facilitating exchange is the key because this Human resource exists and is soon to be under exploited. Cyprus offers its global partners with excellent Legal and Administrative functions, we can build on that.

...Engineering needs its due looking forward, what with billions to be spent here in the near future, (gaz+transportation), at issue; strengthing our efforts in Science, now that they have been noted, with a 'can do' attitude, if Cypriots focus on an economy that is knowledge based. Tourism is important as a subsidiary in this sense, and it is an opportune time to stimulate actions that promote care for the environment and atmosphere (for ourselves) that is so attractive to the foreign trade who travel here because they appreciate the value of this Cultural wealth, and Heritance.

...Cypriots are famous for filling the cracks, cut down this way we end up having to rebuild our walls, the challenge will present opportunity, more with less, students are now learning; this is a good thing.

Great points RW, Cyprus indeed is filled with smart educated entrepreuners, from engineers to chemist ,management, marketing etc..and other fields...One aspect
about the New Cyprus economy that hasnt been mentioned is that, soon Cyprus will be awash in cheap energy, (Natural Gas, petroleum) that will be gushing out of its shores...an economic advantage no other country in the region will have. Heating and cooling a house may cost as little as 15 euros/month....energy(natural gas) needed for an automobile may cost as little as 20euros/month..

1)Desalination plants that used an abundance of expensive energy could now run on cheap Cypriot energy...Cyprus will have something it always struggled with and thats abundant water.(Agriculture could become a key factor of the economy)..
2)Any production/factory regardless of size could have a huge advantage over any other economy in the region, maybe lower costs of up to 20-30 percent.
3)Another thing that caught my eye, during the economic crisis in other countries such as the USA...and Cyprus has lots of potential for this...Women who lost their jobs at big corporate/financial companies became entrepreuners in their knowhow...I predict that women will play a key role in restarting the economy in Cyprus...



For instance these two ladies with their cupcake business

http://www.georgetowncupcake.com/about.html
When it comes to cooking/baking Cypriots have to be some of the best...Imagine a Karydopita cupcake, made in Cyprus, shipped across all of Europe..or those Cypriot Ravioli with halloumi and that other cheese frozen and packaged in Cyprus and sent across all of Europe, where it can be on an Englishman's table the next day...the list with some innovations/imagination could be endless...and it would only take a few old ladies with their recipes and their daughters learning to bake, who lost their jobs at the bank.... I would even go out on a limb and say even the hard bread "poxamati" if packaged and marketed correctly could be a big hit...How about this, a tomato/halloumi flavored poxamati with a touch of garlic....Cyprus could be feeding the northern Europeans our grandmothers poxamadia....

[repulsewarrior]

lol,

Cyprus could be feeding the northern Europeans our grandmothers poxamadia....

let them eat cake.