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Cyta Appoints Seasoned Strategist To Propel Digital Transformation

New Leadership At Cyta

Cyta, the prominent telecommunications provider, has taken a definitive step forward by appointing George Metzakis as its new Chief Executive Officer, effective immediately. This strategic decision marks a pivotal moment in the company’s evolution toward enhanced growth and digital innovation.

Seamless Transition And Proven Expertise

George Metzakis, who officially assumed the role on May 8, 2026, brings his longstanding experience from a previous tenure as Chief Commercial Officer at Cyta since 2023. He was instrumental as co-acting Deputy CEO starting September 2025, ensuring operational continuity and propelling strategic initiatives in competitive market environments.

Driving Strategic Initiatives Across The Board

Throughout his career, Metzakis has held key leadership roles in marketing, sales, revenue growth, and customer experience management within the telecommunications sector, both in Cyprus and internationally. His tenure at Cyta was marked by the successful implementation of customer-focused strategies that substantially strengthened the provider’s mobile and broadband services.

A Vision For Continued Growth

Under his commercial leadership, Cyta advanced digital projects designed to enhance customer experiences while solidifying the organization’s public engagement. Metzakis’ appointment is a testament to Cyta’s confidence in a leader who combines clear strategic vision, deep market knowledge, and an exemplary record of execution.

Looking To The Future

As Cyta moves forward with its operational plan, the focus remains on service development and creating tangible value for the Cypriot society and broader economy. With Metzakis at the helm, the organization is poised to navigate the challenges of a rapidly evolving digital landscape, ensuring continued growth and competitive excellence.

Cyprus Tourism Revenue Rises 7.4% In Early 2026

Recent data from the Cyprus Statistical Service reveals that tourism revenues rose by 7.4% during January and February 2026 compared to the same period in 2025. This upward trend in earnings comes ahead of the onset of the US-Israel conflict targeting Iran, highlighting the sustained recovery in the tourism sector.

Steady Growth In Tourism Revenues

In February 2026 alone, tourism revenues reached €85.3 million, marking a 7% increase from €79.7 million in February 2025. Over the combined period of January and February 2026, total earnings from tourism climbed to €159.9 million from €148.9 million recorded the previous year.

Increasing Arrivals And Shifting Spending Trends

The robust growth in revenues has been supported by a notable rise in tourist arrivals. January 2026 saw an 8.5% increase in visitors compared to January 2025, with February recording a 9.5% climb. However, the average expenditure per tourist experienced a modest decline; in February 2026, the per capita spend dropped by 2.3% to €581.85 from €595.71 in the same month last year.

International Market Dynamics

Analysis of the visitor demographics indicates that the United Kingdom remained the largest tourism market for Cyprus in February 2026, representing 19.3% of all arrivals. British tourists spent an average of €72.72 per day. Additionally, Poland accounted for 18.4% of visitors, with Polish tourists spending an average of €75.02 daily. Israel emerged as the third-largest market, with 12.6% of arrivals, and its visitors led in daily spending at €157.15.

The continued growth in tourism revenue, coupled with rising visitor numbers, underscores the resilience of Cyprus’ tourism industry amid a shifting geopolitical landscape. As the island nation capitalizes on its appeal to international travelers, strategic investments and market diversification will be critical to sustaining long-term economic momentum.

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