Cyta CEO Andreas Neokleous Steps Down to Pursue International Ventures

by THEFUTURE.TEAM

August 27, 2025

In a strategic career transition, Cyta’s Chief Executive Officer, Andreas Neokleous, has announced that he will step down at the end of August, as confirmed by recent reports. The decision, communicated by the Chair of the Board, was conveyed to Cyta’s staff amid a period of organizational change.

Transition and the Path Forward

Sources indicate that Neokleous tendered his resignation for professional reasons after accepting a new opportunity with an international company. This move is set to trigger the ensuing process within Cyta to identify and appoint a successor, marking a pivotal moment in the firm’s leadership evolution.

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A Distinguished Professional Legacy

Neokleous, who assumed the CEO role in January 2019 following board approval and ministerial confirmation, brings a wealth of expertise to the telecommunications sector. A holder of a Master of Engineering in Electrical and Electronic Engineering as well as a PhD in Telecommunications & Digital Signal Processing from Imperial College London, his academic credentials are matched by his extensive professional experience.

Prior to joining Cyta, Neokleous held key leadership roles at MTN from October 2011 to November 2016, where he managed business and customer experience divisions, as well as serving as General Manager for the IT subsidiary IBSCY Ltd. He later founded Xperology, serving as its CEO, and subsequently joined Demstar Business Solutions as Director of Business Services before being appointed CEO of Cyta.

Implications for the Industry

Neokleous’s exit not only signals a personal career milestone but also reflects a broader trend of executive mobility within the telecommunications industry. As Cyta embarks on the search for new leadership, the industry will be watching closely to see how this transition shapes future strategic directions and market performance.

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Cyprus Tourism Shows Strength As Clean Monday Hotel Bookings Surge

by THEFUTURE.TEAM

February 18, 2026

Hotels Embrace A Bright Outlook

Recent figures point to growing momentum in hotel reservations ahead of the Clean Monday weekend, signaling renewed confidence in Cyprus’ tourism sector. Christos Angelides, Director of PASYXE, emphasized the positive trend while also underscoring the need to gradually extend the tourism season beyond traditional peak months.

Favorable Conditions And Festive Spirit

Angelides noted that bookings recorded during the past weekend reached encouraging levels, a development attributed to multiple converging factors. The return of sunny weather after prolonged rainfall, coupled with the festive aura of carnival events and children’s parades in cities such as Nicosia, Limassol, and Paphos, has motivated many to opt for short getaways. This seasonal momentum is further boosted by the strategic initiatives of local hotels, many of which are curating special menus for Clean Monday events, offering guests an enhanced stay experience by keeping them on-premise.

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Positioning For The Off-Season

Despite the positive indicators, Angelides cautioned that average occupancy rates of 25%–30% highlight the need for continued innovation rather than complacency. He described the current period as part of a longer process of building winter tourism and pointed to opportunities in conferences, corporate events and niche travel segments as potential drivers of year-round demand.

Expanding Air Connectivity and Collective Ecosystem

Industry expectations are further supported by expanded air connections from established markets such as the United Kingdom and Israel, alongside increased routes from Armenia, Romania, Bulgaria, Latvia and Poland. While recovery in the German market remains gradual, broader improvements in connectivity continue to strengthen overall tourism prospects. Angelides added that sustainable year-round tourism depends on a wider ecosystem that extends beyond accommodation to include restaurants, museums, cultural venues and community events.

The Path Forward

Cyprus continues to benefit from strong competitive advantages in climate, accessibility and hospitality infrastructure. With coordinated planning across tourism stakeholders and consistent investment in diversified offerings, the sector is positioned to contribute more steadily to the national economy and support a more balanced, all-season travel model.

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