Paphos Set To Unleash Over €230 Million In Infrastructure Investment By 2026

by THEFUTURE.TEAM

February 11, 2026

Record Funding Marks A New Chapter For Paphos

More than €230 million is slated to flow into Paphos in phased disbursements commencing in 2026, with plans to execute 75 significant and ancillary development projects in the coming years. These unprecedented government allocations, spotlighted by President Christodoulidis during a comprehensive provincial stakeholder conference in late 2025, are poised to transform the regional infrastructure landscape.

Key Projects At The Forefront

At the centre of the initiative stands the Paphos–Polis Chrysochous motorway, which will feature a four-lane carriageway and improved connectivity through Mesogi. The project reflects the government’s broader strategy to modernise the national transport network. Another priority is the Western Bypass of Paphos, an essential route linking the city centre with Chloraka, Emba and Mesogi. With an estimated cost of €11 million, the bypass is expected to complete the province’s ring-road system and ease urban congestion.

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Strategic Enhancements To The Road Network

Further infrastructure upgrades are scheduled across the district. The third phase of the Northern Bypass of Geroskipou is planned for announcement in 2026 with an investment of €5 million. Additional projects include the construction of an elevated pedestrian bridge along Tassos Papadopoulos Avenue near the educational zone, the modernization of the historic Limassol–Paphos road, and improvements to the route serving Ahelei and Timi. The latter, with a €30 million budget, is expected to strengthen access to Paphos International Airport and support regional mobility.

A Multi-Faceted Development Plan

The 2026 roadmap also includes upgrades to Geroskipou’s internal road network, improvements to Pegeia’s main avenue, and the third construction phase of the Pegeia–Kissonerga coastal promenade. Among the most anticipated projects is the planned Paphos Marina, a development designed to enhance the city’s profile as both a maritime hub and an international tourism destination.

Cultural And Educational Investments

Beyond transportation, the funding program allocates significant resources to culture and education. Planned initiatives include the creation of a new cultural park and amphitheatre in Ahelei, digital upgrades to the Archaeological Museum, and restoration works at landmarks such as the Ancient Odeon and pedestrian areas around Chrysopolitissa. In the education sector, several institutions are slated for modernization, including schools in Agia Kenda, Timi, Chloraka and Emba, with renovations aimed at improving facilities and expanding capacity.

Conclusion

Taken together, these initiatives signal a coordinated effort to modernize Paphos across multiple sectors. Expanded infrastructure, cultural renewal, and educational upgrades are expected to stimulate economic activity and improve the quality of life for residents. With sustained public investment and long-term planning, the province is positioning itself for a new phase of balanced and strategic development.

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Bank of Cyprus Upgrade Signals Fresh Optimism For Greek And Cypriot Banks

by THEFUTURE.TEAM

June 26, 2026

Regional Banks Enter A More Favorable Cycle

Bank of Cyprus and Eurobank are well positioned to benefit from a renewed re-rating of Greek and Cypriot bank stocks, according to Cyprus-based investment firm Roemer Capital, which upgraded Bank of Cyprus to a buy rating and reaffirmed its positive view on Eurobank.

The firm cited easing geopolitical tensions, resilient economic growth in Greece and Cyprus, lower funding costs and Greece’s expected transition to developed-market status as the main factors supporting the sector.

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Roemer Capital also lowered its cost of equity assumptions, updated its forecasts following first-quarter 2026 results and extended its valuation horizon to the end of 2027, raising target prices across its banking coverage.

Bank Of Cyprus Gets The Largest Upgrade

Bank of Cyprus received the biggest revision, with Roemer Capital upgrading the stock from hold to buy and setting a target price of €11.10, implying potential total upside of 27%.

The firm highlighted the bank’s strong capital generation, profitability and projected 100% dividend payout, describing it as the strongest capital-return story among the banks under coverage. Roemer Capital maintained its buy rating on Eurobank, assigning a target price of €4.90 and forecasting potential upside of 28%. The report said the bank is well placed to benefit from loan growth, improving operating performance and merger-and-acquisition synergies.

National Bank of Greece and Piraeus Bank also retained buy ratings, with expected returns ranging from 25% to 36%. Optima Bank was upgraded to buy, while Alpha Bank remained at hold on valuation grounds.

Why Growth Still Sets The Region Apart

According to Roemer Capital, Greek and Cypriot banks continue to benefit from stronger economic fundamentals than many western European peers. The report pointed to faster economic growth, healthier balance sheets, low levels of non-performing exposures, capital ratios approaching 20% and strong customer deposit bases.

Analysts expect performing loans across the sector to grow at a compound annual rate of 6% to 8% through 2028, supported by private investment, digitalisation, green manufacturing, supply-chain expansion and a gradual recovery in household lending.

The report also said the conclusion of lending under the EU Recovery and Resilience Facility is unlikely to materially affect credit growth, as banks have already shifted back towards traditional commercial lending. Roemer Capital expects Euribor to remain between 2.2% and 2.5%, a level it believes should support both lending activity and net interest margins.

Geopolitics, Valuation And Market Structure Support The Case

The report said improving geopolitical conditions have strengthened the investment outlook, noting that Brent crude prices have largely returned to pre-war levels while Greek government bond yields have stabilised at around 3.5%. Although geopolitical risks remain, Roemer Capital believes the likelihood of a major inflationary shock or significant pressure on bank profitability has eased.

Another important catalyst identified by the firm is Greece’s expected promotion to developed-market status by FTSE Russell, STOXX and MSCI over the coming months.

According to the report, the reclassification should improve liquidity and attract a broader base of international investors. Roemer Capital also said Euronext’s acquisition of the Athens Exchange is expected to strengthen market infrastructure and increase international visibility, particularly for Bank of Cyprus and Optima Bank.

The firm noted that Bank of Cyprus has already benefited from its Athens listing, with average daily trading value increasing from less than €400,000 before its September 2024 move to nearly €6 million afterwards.

Economic Momentum Remains A Core Tailwind

Roemer Capital said both Greece and Cyprus have moved beyond post-crisis recovery and are now supported by private-sector-led growth. For Cyprus, the report highlighted recent tax reform and efforts to simplify the legal and regulatory framework, while also noting that limited foreign banking competition continues to support domestic lenders.

Overall, Roemer Capital expects Greek and Cypriot banks to remain well-positioned for profitable loan growth over the coming years.

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