Cyprus Set To Surpass Record Tourism Revenues In 2025

by THEFUTURE.TEAM

September 4, 2025

Robust Growth in Tourism Sector

Cyprus’ tourism industry is on track to exceed last year’s record revenues and arrivals as it reports the strongest growth among its Euro-Mediterranean peers in the first half of 2025. According to recent data, tourism revenues increased by 21.3 percent year-on-year in the first six months, climbing to €1.38 billion from €1.14 billion in the comparable period of 2024.

Monthly Surge In Revenue

The momentum extended into June, where tourism earnings surged by 9.6 percent, reaching €422.3 million. This monthly performance underscores the steady and robust economic contributions of the tourism sector.

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Positive Trends In Per Capita Spending

Visitor spending has also seen notable increases. In June, per capita expenditure rose by 6 percent to €847. British tourists, making up 36.4 percent of arrivals, spent an average of €103.92 per day. Meanwhile, Polish visitors, accounting for 7.3 percent of the market, spent €90.91 daily, and Israeli tourists, the third largest group at 6.1 percent, spent €149.44 per day.

Leading Among Euro-Mediterranean Competitors

Cyprus outperformed its regional peers with the highest revenue growth rate in Europe. Its first-half growth of 21.3 percent surpassed that of Malta at 21.1 percent, Greece at 11 percent, Spain at 8 percent, Turkey at 7.4 percent, and Italy at 5.7 percent. Notably, the growth was even higher at 27.2 percent over the first five months of 2025.

Government Optimism And Economic Impact

Deputy Minister of Tourism, Costas Koumis, emphasized the critical role tourism plays in Cyprus’ economy. “Tourism was and remains one of the most important pillars of our country’s economy,” he stated, noting that 2024 experienced record levels in both arrivals and revenues—a trend expected to continue this year. Koumis further highlighted that advanced tourist economies are now focusing on revenue generation to better illustrate tourism’s significant contribution to national economic stability.

Future Prospects

With last year’s tourism sector contributing over €3 billion to the national economy, the early indicators of 2025 suggest that Cyprus is poised for another stellar performance. The substantial revenue growth observed so far is expected to escalate further, reinforcing the strategic importance of tourism for both businesses and local communities.

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Cyprus President Champions Domestic Defence Industry For National Security And Economic Growth

by THEFUTURE.TEAM

February 18, 2026

Government Commitment To Strengthen National Defence

The President of the Republic, Nikos Christodoulidis, reaffirmed the government’s intention to enhance the country’s deterrence capabilities while expanding the potential of the domestic defense industry. Speaking during a high-level meeting at the Presidential Palace with members of the Cyprus Defence Industry Council, he outlined a strategy that connects national security priorities with long-term economic development.

Performance Assessment And Strategic Objectives

In the presence of Defence Minister Vasilis Palmas, the meeting focused on evaluating the achievements of the council one year following its establishment and delineating the path ahead. The President recalled, “Last year, we decided to institutionalize the Cyprus Defence Industry Council. Today, we review our targets and assess what has been achieved and what remains pending. We discussed the need for a registry of Cypriot companies. It is crucial to amplify the international presence of our enterprises. I remain deeply confident in your capabilities,” emphasizing a performance-driven approach aimed at enhanced operational transparency and market expansion.

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Positioning The Industry As A New Economic Pillar

President Christodoulidis expressed his firm belief that the Cypriot defence industry could emerge as a significant economic driver. He described it as a “promising new pillar” for the nation’s economy, bolstered by European initiatives such as the SAFE framework, supplementary equipment procurement plans from third countries, and participation in international trade exhibitions. Such strategies, he noted, open up further opportunities for local businesses to integrate into the global arms market.

International Outreach And Future Economic Impact

The President also pledged active support at an international level, citing his positive response to an invitation to Athens to engage in initiatives aimed at enhanced exposure and collaboration. He was confident that the industry’s contribution could realistically reach a double-digit share of Cyprus’ GDP in the coming years, a target he described as not only ambitious but entirely attainable given current capabilities.

Clear Vision For Measurable Progress

Concluding the meeting, President Christodoulidis reaffirmed his commitment: “I am fully aware of your potential. This is an emerging sector critical to both our economic future and our national security. Today, I expect us to review our concrete achievements, address the areas requiring improvement, and steer this initiative toward even greater success.” This decisive call for accountability and action underscores a broader strategic agenda that intertwines national defence imperatives with forward-looking industrial and economic policies.

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