Deputy Minister Of Tourism Charts Promising Future For Cyprus Post-WTM Engagements

by THEFUTURE.TEAM

November 6, 2025

Cyprus Deputy Minister of Tourism, Costas Koumis, has signaled robust optimism for the forthcoming tourist season following a series of strategic discussions with tour operators and airlines at the renowned World Travel Market (WTM) in London.

Strategic Engagement At WTM

Held at the Excel Centre, the WTM stands as one of the globe’s most significant tourism events, featuring over 5,000 exhibitors from 180 countries and drawing nearly 45,000 industry professionals. During the event, Deputy Minister Koumis successfully communicated Cyprus’ commitment to leveraging its assets as a year‐round destination, receiving highly positive feedback from key partners.

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Enhanced Focus On Winter Tourism

With a clear mandate to build upon the recent summer successes, Deputy Minister Koumis emphasized that amplifying visitor numbers during the winter season remains a top priority. “The main goal for us now is to increase visitors during the winter season, something we are working very intensively to achieve,” he noted. This focus is underpinned by remarkable performance metrics, including Cyprus recording the highest increase in hotel overnight stays among European competitors when comparing recent years.

Solidifying A Year-Round Appeal

Feedback from strategic partners was overwhelmingly positive, with endorsements reflecting both the exceptional summer visitor experience and the readiness for continued collaboration. These discussions reinforce Cyprus’ position as the European Mediterranean country with the highest percentage of revenue derived from tourism, reinforcing its potential as a viable destination throughout the year.

As Cyprus continues to enhance its offerings and foster international collaboration, the proactive engagement at WTM is set to underpin a transformative growth trajectory for the nation’s tourism sector.

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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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