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We also share information about the best companies, people, and places in Cyprus for people living here, and everything we recommend is checked by humans who live and work full-time here in Cyprus.
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Thanks to its pristine beaches and crystal-clear waters, Cyprus is well known as a wonderful holiday destination, and we love welcoming millions of tourists yearly.
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, whereas Limassol offers a more sophisticated option if you are looking for a combination of a beach holiday and a city break.
We also have many smaller towns and villages along the coast, such as Paralimni, Pissouri and Latchi and 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 dive into some key contributors to the Cyprus economy away from 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 contributes significantly to the nation’s economy, with Cyprus boasting one of the largest merchant fleets globally and a modern international port in Limassol.
Financial Services
Financial services such as banking and insurance also contribute to the Cyprus economy. Limassol, in particular, is home to many international foreign exchange companies.
Cyprus is also making strides in the information technology and innovation sectors. Although work is to be done here, things are moving in the right direction.
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