Bank of Cyprus Honored with JP Morgan’s Quality Recognition Award

by News Editor

March 6, 2025

In a remarkable achievement, Bank of Cyprus has received JP Morgan Chase Bank’s esteemed Quality Recognition Award. This accolade acknowledges the bank’s exceptional high-quality funds transfer services via the SWIFT system.

JP Morgan, one of the trusted correspondent banks collaborating with Bank of Cyprus for dollar transactions, highlighted the bank’s impressive track record. Nearly 100% of the bank’s approved payments were processed flawlessly through Straight Through Processing, eliminating the need for any manual intervention by JP Morgan.

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This recognition is a testament to the operational excellence and commitment of the Bank of Cyprus in maintaining superior service quality and robust processes. Their treasury director, Despina Kyriakidou, emphasized the bank’s dedication to providing top-tier services globally while adhering to the highest international compliance standards.

Explore how Cyprus’ flourishing tourism sector and strategic financial advancements shape the economic landscape.

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Cyprus Records 3.1M Guest Nights In Q3 2025

by THEFUTURE.TEAM

April 2, 2026

Cyprus recorded 3.1 million guest nights in short-term rental accommodation in the third quarter of 2025, according to Eurostat. The data reflect bookings made through online platforms.

Record Performance In Q3 2025

Between July and September 2025, guest nights reached 3,104,502 across platforms, including Airbnb, Booking.com, and Expedia. The volume highlights the role of digital booking platforms in Cyprus’s tourism sector.

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Continental Trends Bolstering Digital Tourism

Across the EU, short-term rental activity also increased. In the fourth quarter of 2025, total guest nights reached 172.30 million, up 10.90% compared to the same period in 2024 and 30.20% higher than in 2023. For the full year, online platforms accounted for 951.60 million nights in 2025, representing an increase of 11.40% year on year and 32.40% compared to 2023.

Regional Destinations And Competitive Dynamics

Tourism activity remains concentrated in southern European regions. Croatia’s Jadranska Hrvatska recorded 27.70 million guest nights, followed by Spain’s Andalucia with 19.50 million and France’s Provence-Alpes-Côte d’Azur with 16.90 million. Cyprus is not among the top 20 EU regions by volume, though its figures remain notable relative to its size.

Economic Implications And Forward Outlook

Tourism continues to play a key role in Cyprus’s economy, with online platforms accounting for a growing share of bookings. Eurostat data indicate continued expansion in digital tourism, with implications for policy planning and investment across the sector.

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