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Celebrating Six Years of Gesy: A Closer Look at Cyprus’ National Health System

Since its inception in June 2019, Cyprus’ national health system, Gesy, has reached an impressive milestone: enrolling over a million beneficiaries and recording more than 42 million doctor visits.

Remarkably, the journey began with legislation passed in 2001, culminating in a robust health system that has seen over 3.6 million visits to radiological diagnostic centres, 17 million to laboratories, 43 million to pharmacies, and 1.3 million dental visits. A statement from the Health Insurance Organization (HIO) highlights its dedication to accessible, quality healthcare.

The system’s financial sustainability until at least 2032 is backed by recent actuarial studies. Efforts to enhance the service have included legislative improvements, digital advancements, and public information campaigns. Last year alone, random checks and audits led to over €235,000 in fines for non-compliant providers. Financial trends reflect a supportive environment for such developments.

With performance indicators for medical professionals, new treatment protocols, and an enhanced referral process, the commitment to transparency and continuous improvement is evident. Beneficiaries can now evaluate their care experience through newly introduced questionnaires and navigate their options via a dedicated website. These steps aim to support patients, particularly those with chronic conditions.

As Cyprus continues to capitalize on surging health and financial fronts, Gesy’s values of social solidarity and equitable access remain at its core. With a strategic plan set to enhance healthcare offerings, bolster financial sustainability, and foster digital innovation, Gesy is not just surviving—it’s thriving.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

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.

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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