Cyprus Tourism Surpasses Expectations Amid Global Uncertainty

by THEFUTURE.TEAM

September 25, 2025

In a climate marked by volatility and significant geopolitical challenges, Cyprus’ tourism sector has not only endured but has consistently shattered previous records. With 2025 closing on an exceptionally positive note in terms of tourist arrivals, the industry now faces the critical task of translating these numbers into robust revenue growth for local stakeholders.

Resilient Growth In A Turbulent Environment

According to the latest data released by the Cyprus Statistical Service for the first half of 2025, tourism revenues have experienced a marked improvement, rising to €1,378 million from €1,136 million in the same period last year. This surge underscores the sector’s resilience even as broader economic and political uncertainties loom large.

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Overcoming Operational Challenges

Historically, concerns ranging from occupancy in occupied territories to the influx of tourists via Larnaca and Paphos airports have posed risks to hotel occupancy rates. Moreover, the growth of unregistered Airbnb accommodations has presented potential hindrances. However, recent trends indicate that these issues have not significantly impacted the booking rates in hotels operating within free areas, suggesting an overall strengthening of the market.

Corporate Performance And Industry Benchmarks

Preliminary fiscal results from major hotel groups hint at record-breaking revenues for many establishments. A standout example is Leptos Calypso Hotels, one of the island’s largest groups, whose consolidated financial statements for H1 2025 reveal impressive improvements. The group, which owns properties such as Coral Beach & Resort and Thalassa Coral Bay in Paphos, along with managed assets in Greece, reported an operating turnover of €14.28 million—up from €11.76 million in H1 2024.

Notably, the dramatic improvement in profitability, with net profits climbing sharply from €3,600 to €300,490, clearly demonstrates how enhanced occupancy rates and superior pricing strategies are paying dividends across the sector. The bulk of these revenues, totaling €12.63 million out of the overall €14.28 million, originated from the Cypriot market, underscoring the domestic industry’s pivotal role.

Looking Ahead

As Cyprus tourism continues to set unprecedented benchmarks, the challenge remains to sustain this momentum and convert record-setting visitor numbers into long-term financial stability for industry professionals. With evident strategic shifts in pricing and occupancy management, the future appears promising—a sentiment that resonates well with investors and policymakers alike.

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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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