Lira re­bound.

Kathimerini English - - Front Page -

414,527 ar­rivals),” CTO said in a state­ment. It said Cyprus had also set other records this year, with the best first six-month per­for­mance ever recorded, “while for the first time in tourism his­tory, ar­rivals dur­ing the quar­ter AprilJune sur­passed the 1 mil­lion mark.” In June, there was a 22.6-per­cent hike in tourist ar­rivals com­pared to the same month in 2015. Tourists from Bri­tain – the is­land’s largest hol­i­day mar­ket – in­creased 21.1 per­cent to 148,812, while the sec­ond largest mar­ket, Rus­sia, recorded a jump of 41.6 per­cent (127,244). Cyprus tourist ar­rivals hit a 14-year high in 2015 reach­ing 2.65 mil­lion, and this year in­dus­try of­fi­cials are ex­pect­ing an even big­ger in­flux with an es­ti­mated three mil­lion ar-

Turkey’s lira ral­lied yes­ter­day af­ter suf­fer­ing one of its steep­est-ever drops to a his­toric low in the af­ter­math of the mil­i­tary coup, but the stock mar­ket plunged over 8 per­cent. The lira was trad­ing at 2.97 to the US dol­lar, a gain in value of 1.40 per­cent on the day, par­ing some of its ear­lier gains. In the wake of the coup ac­tion late on Fri­day, it had crashed 4.99 per­cent to trade at a his­toric low of 3.04 lira to the dol­lar.

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