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In 2007, the city's old quarter was added to the UNESCO World Heritage List , following a recommendation by ICOMOS.   
Corfu is a very popular tourist destination.   The island was the location of the 1994 European Union summit. 
The name Corfù, an Italian version of the Byzantine Κορυφώ (Koryphō), meaning "city of the peaks", derives from the Byzantine Greek Κορυφαί (Koryphai) (crests or peaks), denoting the two peaks of Palaio Frourio.