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.