Agrotourism Gains Momentum In Cyprus: A Sustainable Path Forward

by News Editor

March 19, 2025

With a significant rise in agrotourism, Cyprus is witnessing a positive shift in its rural economies. The Deputy Minister of Tourism, Kostas Koumis, recently highlighted agrotourism’s crucial role in preserving the island’s rural charm and boosting sustainability efforts.

Impressive Growth Statistics

The latest data reveals a 14% increase in overnight stays at traditional accommodations in 2024 compared to 2023, and a remarkable 36% rise since 2019. Furthermore, tourist arrivals at these locations surged by 17% from last year and by 42% when looking at a five-year span.

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Investment In The Future

Aimed at enhancing rural tourist destinations, Cyprus will invest approximately €9.5 million into 210 projects across 200 communities. This initiative focuses on empowering local authorities to revitalize squares, historical sites, and build new attractions to enrich the tourist experience.

For additional insights into how Cyprus is navigating its economic landscape, check out our Cyprus Growth Forecast.

This forward momentum in agrotourism not only promises enhanced tourist experiences but also delivers numerous benefits to local populations, fostering vibrant community development.

Explore how the EU reaffirms its commitment to a unified Cyprus in light of these cultural advancements.

The Annual General Assembly of the Cyprus Agrotourism Company, held on March 17, underscored these developing trends, charting a bright future for rural tourism.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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