Accommodation and food services sector recorded a remarkable growth of 31.9% in the first quarter of 2023, compared to the corresponding quarter of the previous year. According to data released by the Cyprus Statistical Service on Wednesday, the Turnover Value Index for services showed an upward trend compared to the same quarter of the previous year in the sectors of accommodation and food services (31.9%), administrative and support activities (19.1%), professional, scientific, and technical activities (8.5%), and information and communication (1.1%)."
Source: Cyprus News Agency