Cyprus Hosts Prestigious European Hospitality Summit

by THEFUTURE.TEAM

October 17, 2025

The two‐day international conference bringing together the hotel industry and the catering sector has commenced in Paphos. Christos Angelidis, General Manager of PASYXE, emphasized that the establishment of HOTREC as a benchmark institution in Europe underlines its critical role in the industry, especially as it is now scheduled to be hosted annually by the EU presidency country for the forthcoming semester.

European Leadership and Institutional Significance

Angelidis highlighted that the nation assuming the next EU Presidency is also charged with hosting the HOTREC General Assembly. Notably, Cyprus last hosted the assembly in 2012, during its previous tenure as president of the European Union. This intertwining of responsibilities underscores the country’s increasing influence in the continent’s hospitality arena.

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Addressing Industry Transformations and Challenges

Over the course of the conference, a range of pivotal topics will be explored. Discussions will include strategic responses to the transition towards a green economy and environmental management, along with the evolving landscape of digital advertising in an era where traditional methods have become obsolete. Additional focus will be placed on contemporary challenges such as the management of online sales platforms for hotel operations and the impact of fraudulent reviews on competitiveness.

Distinguished Guests and National Pride

The summit, being held at the Aliathon Hotel on the coastal Kato Paphos-Geroskipou Boulevard, will witness the presence of high-ranking officials, including the President of the Republic of Cyprus, Nikos Christodoulides, who is set to deliver a welcoming address at 9:30 this morning. This high-level participation speaks to the significance of the event, offering a platform to showcase Cyprus’s competitive advantages, natural beauty, culinary excellence, and overall appeal as a premier tourist destination.

As Cyprus gears up to host this eminent European organization, industry leaders and stakeholders look forward to leveraging the summit as a stage to elevate the island’s international profile and reinforce its status as a hub of excellence in hospitality.

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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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