Breaking news

Cyprus Reports Strong Tourism Growth In October 2025

by THEFUTURE.TEAM

November 19, 2025

Cyprus experienced a substantial upswing in tourism this October 2025, with arrivals reaching 537,744 compared to 459,106 in the same month last year. According to data from the Statistical Service, this 17.1% jump underscores the sustained momentum that has characterized the nation’s tourism sector throughout the year.

Year-to-Date Performance Remains Robust

Between January and October 2025, the number of tourist arrivals climbed to 4,142,534 — an 11.1% increase over the corresponding period in 2024. This robust performance highlights a period of continuous growth, positioning Cyprus as a key destination for international visitors.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Key Source Markets

The United Kingdom continues to dominate the inbound market, contributing 31.4% of all arrivals with 168,792 visitors. Other significant markets include:

Israel: 11.1% (59,508 visitors)
Germany: 7.8% (41,783 visitors)
Poland: 6.7% (36,262 visitors)
Sweden: 3.9% (20,806 visitors)
Greece: 3.7% (20,038 visitors)

Purpose Of Visits

In October alone, leisure travel was the primary motivator for 81.8% of visitors, while 11.0% traveled to visit friends and family and 7.1% for business purposes. These figures remain largely consistent with those recorded in October 2024, reflecting stable patterns in visitor behavior.

Growth In Outbound Travel

Not only is Cyprus attracting more international visitors, but outbound travel by Cypriot residents also increased by 15.3% in October 2025, with departures rising to 158,026 from 137,095 in October 2024. The primary destinations for these travelers included:

Greece: 33.1% (52,381 returns)
United Kingdom: 7.3% (11,585 travelers)
Italy: 5.7% (9,034 travelers)
Germany: 4.4% (6,914 travelers)

Travel Motivations

For outbound trips, leisure accounted for 69.2% of the travel purpose, closely followed by business travel at 27.1%, while education and other reasons comprised the remainder. This balanced mix of travel purposes further emphasizes the diverse interests propelling Cyprus’s travel market.

With these encouraging figures, Cyprus cements its role as a thriving hub for both inbound tourism and outbound travel, offering promising prospects for stakeholders in the travel and hospitality sectors.

The Future Forbes Realty Global Properties

Digital Euro Moves Forward In EU Push For Payment Independence

by THEFUTURE.TEAM

April 28, 2026

Strengthening Strategic Autonomy

At an event held at the House of the Euro in Brussels on April 22, central bank officials discussed the role of a digital euro in strengthening the European Union’s financial independence. Participants included Stelios Georgakis, Payments Supervision Director at the Central Bank of Cyprus, and Joachim Nagel, President of the Deutsche Bundesbank.

Redefining Central Bank Role In A Digital Era

Nagel stated that the digital euro is no longer viewed solely as a technical development but also as part of a broader policy direction. He emphasized the need to strengthen Europe’s payment infrastructure to ensure resilience and independence. The digital euro is intended to complement cash rather than replace it, maintaining the role of central bank money in a more digital financial system.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Reducing Dependence On Non-European Infrastructure

According to Nagel, around two-thirds of card payments in Europe currently rely on non-European systems. This reliance is seen as a structural vulnerability. A digital euro could help reduce this dependency by supporting a more integrated and locally controlled payments framework.

Legislative Roadmap And Timeline

Looking ahead, Nagel expressed a strong optimism regarding the legislative process, suggesting that completion could occur by year‑end. This progress may set the stage for the first issuance of the digital euro as early as 2029, in alignment with Europe’s broader ambitions for financial resilience and technological advancement.

Comprehensive Payments Strategy

During the discussion, Georgakis outlined the European Central Bank’s approach to payments. The strategy combines retail and wholesale systems, including instant payments, a digital euro, and infrastructure based on distributed ledger technology. Improving cross-border payment efficiency remains a key objective.

Transforming Europe’s Financial Landscape

The discussion reflected alignment between central banks, policymakers, and other stakeholders on the direction of Europe’s payment systems. Development of a digital euro is positioned as part of a broader effort to strengthen financial infrastructure, support economic resilience, and maintain the euro’s role in a changing global environment.