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Cyprus Airports Set To Welcome 13 Million Passengers In A Record-Breaking Year

Cyprus is on the verge of hitting a new milestone in air travel as Hermes Airports anticipates an influx of up to 13 million passengers in 2025. This reflects a notable 5.6% annual increase from last year’s figures, further cementing the island’s reputation as a thriving hub of connectivity.

With 55 airlines ready to operate flights to and from 158 destinations across 39 countries, the surge in passenger traffic is no coincidence. Hermes Airports, the body managing Larnaca and Paphos international airports, attributes this growth to strategic efforts aimed at enhancing air connectivity to and from Cyprus.

New Routes And Airlines

The summer schedule introduces exciting new direct routes including Riyadh, Venice, Marseille, Düsseldorf, Lyon, and Sibiu. Significantly, the Riyadh-Larnaca connection debuts Saudia’s inclusion in Cyprus’s scheduled route network. Fresh names like AnimaWings, SkyUP, and Air Haifa are entering the market, adding vibrant options to regional air travel.

A Resilient Tourism Sector

Despite losing significant markets such as Russian and Ukrainian travel and facing global economic uncertainties, Cyprus’s tourism remains strong.

As we approach the summer, Hermes Airports is geared up to manage 145 flights daily, underscoring Cyprus’s role as a pivotal player in the Mediterranean air travel sphere. Stay tuned as Cyprus continues its journey of growth, leveraging strategic connections and resilient infrastructure.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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