Wizz Air Celebrates 10 Million Passengers And Five Years Of Operations In Larnaca

by THEFUTURE.TEAM

September 19, 2025

Milestone Achievement In Cyprus

Low-cost carrier Wizz Air reached a significant benchmark on Thursday by transporting its 10 millionth passenger to and from Cyprus, marking five years of operations at its Larnaca base. This milestone was celebrated at Larnaca International Airport, in close collaboration with Hermes Airports.

Distinguished Attendance And Special Commemorations

The event attracted high-level government and industry officials, including Deputy Minister of Tourism Kostas Koumis, Permanent Secretary Marina Ioannou Hasapi from the Ministry of Transport, Communications and Works, and Permanent Secretary Costas Constantinou of the Deputy Ministry of Tourism. Hungarian Ambassador Krisztina Lakos, Hermes Airports CEO Eleni Kaloyirou, Mayor Andreas Vyras, and Deputy Mayor Iason Iasonides, among other key stakeholders, further underscored the significance of this achievement.

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Strategic Incentives And Expansion Initiatives

In a move to honor its travellers, Wizz Air presented five passengers with “Golden Tickets” during the 10 millionth flight to Cyprus. Complementing this celebratory gesture, the airline announced a 10% discount on flights from Cyprus tailored for travel between November and March. In a strategic thrust, the carrier is set to broaden its network by launching 10 new routes in the near future, including inaugural services from Paphos. New destinations from Larnaca include key European cities such as Barcelona, Gyumri, Skopje, Suceava, Timisoara, Tirana, Tuzla, and Venice, while flights from Paphos will connect with Yerevan and Warsaw.

Forward Looking Vision

Andras Rado, Head of Communications at Wizz Air, emphasized the airline’s commitment to safety, affordability, and enhanced connectivity. “Cyprus remains one of the most dynamic hubs in our network, and we intend to continue investing in its future by strengthening our air connections and reinforcing the tourism sector,” Rado remarked.

Maria Kouroupi, Director of Aviation Development, Marketing and Communication at Hermes Airports, highlighted that the success of Wizz Air in Cyprus demonstrates the powerful potential of strategic collaborations. “Together, we are creating tangible value that not only benefits travellers but also supports the broader economic and tourism framework of our country,” she said.

Innovative Customer Solutions

Alongside these developments, Wizz Air announced its ‘Customer First Compass’ plan – a €14 billion initiative that includes the innovative in-app feature, ‘My Journey.’ This new tool is designed to empower passengers with more efficient flight management, reflecting the carrier’s dedication to integrating cutting-edge technology with unparalleled service.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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