Follow Cyprus investment immigration and stay updated on Cyprus news: In January and February 2015, the number of tourist arrivals in Cyprus increased by 7.7% year-on-year. According to Loizou, Chairman of the Cyprus Tourism Organization, Cyprus received a total of 92,508 foreign tourists in the first two months of this year, compared to 85,903 in the same period last year. Source countries showing growth in tourist numbers include the United Kingdom, Germany, France, the Netherlands, Belgium, and the Scandinavian countries. These tourism markets had experienced shrinkage or stagnation in recent years, while the number of Russian tourists had seen explosive growth, subsequently replacing Germany as the second-largest source of tourists for Cyprus after the United Kingdom. However, the depreciation of the ruble this year has brought great uncertainty to the Russian market, with an expected 25% decrease in tourists from Russia, forcing the Cyprus tourism sector to shift its focus back to traditional markets to compensate for losses from the Russian market.
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