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Cyprus Airports Propel Expansion With €170 Million Investment Amid Record Passenger Traffic

Record-Breaking Passenger Traffic

Cyprus’ airports have reached an unprecedented level of activity, with Larnaca and Paphos recording a combined 1.8 million passengers in August. This figure marks a notable increase from 1.6 million in the previous year and underscores a resilient rebound beyond pre-pandemic levels. Larnaca, in particular, observed growth from 1.2 million to 1.3 million passengers, while Paphos reported an increase from 439,900 to 501,100 passengers year-over-year.

Robust Expansion Programs Underway

Construction is now well underway on the second phase of a major expansion programme, endorsed by a €170 million investment. The initiative, which commenced in March, saw President Nikos Christodoulides laying the foundation stone in June. At Larnaca, the upgrade will encompass approximately 20,000 square metres, adding new arrival and departure gates, enhanced baggage handling, expanded passport control, advanced security checks, and enlarged commercial areas alongside increased aircraft parking capacity. Paphos is set to experience a terminal capacity boost of around 30 per cent, significantly refining passenger processing and overall efficiency. Operational enhancements also include the extension of the southern parallel taxiway, further elevating the airports’ flexibility and throughput. Once complete, Larnaca and Paphos will boast annual capacities of 12.4 million and 5 million passengers, respectively.

Tourism Surge And Revenue Growth

The momentum extends beyond infrastructure. Recent statistics show that tourist arrivals in Cyprus escalated by 6.9 per cent in July 2025, with the UK, Israel, and Poland topping the list of source markets. Meanwhile, tourism revenue climbed by 9.6 per cent to reach €422.3 million in June 2025, with overall spending per visitor also rising. The first half of the year collectively generated €1.38 billion in revenue, marking a 21.3 per cent increase over the previous year. Such figures attest to the strong recovery and continuous expansion of Cyprus’ tourism sector, further supported by a record-breaking influx reflected in over 12.3 million passengers in 2024.

These developments not only highlight the strategic importance of airport expansions in meeting growing demand but also underscore Cyprus’ robust economic recovery and commitment to enhancing its infrastructure for sustainable growth.

Evel Elects New President As Maria Theocharous Takes Over For 2026–2029 Term

Maria Theocharous has been elected president of the Limassol Chamber of Commerce and Industry (Evel), taking over from Yiannis Tsouloftas for a three-year term covering 2026–2029. Theocharous previously served as the chamber’s vice-president for tourism.

The leadership transition marks a new chapter for one of Cyprus’ main regional business organisations, with the new board set to represent the district’s key economic sectors.

New Leadership Emphasises Cooperation

The chamber’s annual meeting brought together government, business and local authority representatives, including Energy, Commerce and Industry Minister Michael Damianos, Cyprus Chamber of Commerce and Industry (Keve) president Stavros Stavrou, Limassol district local government organisation president Yiannis Tsouloftas and Limassol mayor Yiannis Armeftis.

Speakers highlighted the importance of closer cooperation between public authorities and businesses in supporting Limassol’s economic development.

Representatives of the Cyprus Shipping Chamber (CSC) also congratulated Theocharous on her election and thanked the outgoing president for his cooperation. The CSC described Evel as a longstanding partner, noting the chamber’s contribution to Limassol’s business development over more than six decades.

Tsouloftas Reviews Six Years As President

In his final address, Tsouloftas reviewed the chamber’s work between 2020 and 2026, highlighting its advocacy for major infrastructure projects and efforts to address development challenges across the district.

He also outlined initiatives to remove obstacles facing local businesses, accelerate development plans and improve the conditions for economic activity.

Tsouloftas will remain involved as immediate past president, providing continuity during the transition.

New Board Covers Key Business Sectors

The new board includes representatives responsible for the chamber’s main portfolios:

  • Ilikos Charalambous, vice-president for commerce
  • Vasos Demetriades, vice-president for industry
  • Christos Nicolaou, vice-president for services
  • Nicolas Agiomamitis, vice-president for tourism
  • Ilias Theodorou, vice-president for finance
  • Demosthenes Mavrellis, vice-president for innovation and technology
  • Ilias Neocleous, honorary secretary

Other board members are Minos Agathocleous, Marios Antoniou, George Demetriou, Anastasios Kounoudis, Marios Constantinou, Xanthos Nemptsas, Antonis Pappas, Charalambos Pattichis, Chrysis Petousis, Farah Shammas, Andreas Tsouloftas and Kyriacos Hadjiathanasiou.

Costas Ioannides, Agathi Katsi, Anna Petraki, Filippos Filis and Tonis Hadjiloucas have been appointed members by distinction. The chamber also highlighted the growing participation of women in business leadership and decision-making.

Chamber Recognises Longstanding Contributions

The annual meeting also recognised businesses and individuals for their contributions, including members who have maintained continuous membership for 50 years.

Tributes were paid to three former contributors to the chamber, Tonis Antoniou, Dimi Mavropoulos and Andreas Laou, in recognition of their service.

Under Theocharous’ leadership, Evel begins its 2026–2029 term with a board covering commerce, industry, services, tourism, finance and innovation. Its priorities include continuing to represent Limassol businesses and advocating for the investment and cooperation needed to support the district’s economic growth.

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