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Cyprus Airports Set Record Passenger Traffic In 2024

by THEFUTURE.TEAM

January 10, 2025

Passenger traffic at Cyprus’ Larnaca and Paphos airports reached an all-time high in 2024, according to the Ministry of Transport, Communications, and Works. The record-breaking year marked a milestone in the island’s aviation history, highlighting Cyprus as a robust hub for tourism and business travel.

Key markets driving this achievement included the United Kingdom, Greece, Israel, Poland, and Germany, collectively accounting for 64% of the 7.8 million passengers who travelled through the airports. Among the top destinations were London and Athens, each attracting around 1.4 million passengers, followed by Tel Aviv with approximately 1 million travelers, and Thessaloniki, Manchester, and Vienna.

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In a press release, the Ministry highlighted that passenger traffic for January through December 2024 surpassed all previous records, with a 5.6% growth compared to 2023 and a 9.1% increase over pre-pandemic levels in 2019. These figures underscore the sector’s remarkable recovery and Cyprus’ rising appeal as a destination.

“Despite economic pressures and geopolitical uncertainties, Cyprus has demonstrated resilience in tourism,” the Ministry stated. Travel patterns showed an encouraging trend, with demand extending beyond the traditional summer months. Passenger numbers for January to March and September to December rose by over 7% compared to the previous year.

The busiest travel months, May to October, accounted for 67% of total traffic, with 8.2 million passengers passing through the airports. August set the record as the busiest month, with Larnaca Airport seeing its peak daily traffic—21,189 passengers—on August 26. March stood out as the fastest-growing month, with a 12% year-on-year increase in passenger numbers.

December also closed the year on a high note, with 654,760 passengers passing through Larnaca and Paphos airports—a 10.5% rise compared to December 2023. While Larnaca saw a 15.06% increase, Paphos experienced a slight decline of 0.74%. Christmas Day marked the quietest moment of the year, with just 341 passengers at Paphos Airport.

Aircraft traffic mirrored the growth trend, with 5,732 flights recorded in December—a 4.12% increase over 2023.

The Ministry credited its success to incentive schemes introduced in 2012 in partnership with Hermes Airports. Backed by €240 million in targeted investments, these initiatives have opened new markets, boosted connectivity, and enhanced Cyprus’ competitive edge in the civil aviation sector.

Transport Minister Alexis Vafeades reaffirmed the government’s commitment to further strengthening the industry. “We will continue promoting initiatives that enhance resilience and improve connectivity, ensuring Cyprus remains a top choice for travelers worldwide,” he said.

This record-breaking year for Cyprus’ airports underscores the island’s enduring appeal and the effectiveness of long-term strategic investments in aviation and tourism.

The Future Forbes Realty Global Properties

An Entrepreneurial Revolution: Harnessing AI To Democratize Million-Dollar Ventures

by THEFUTURE.TEAM

June 27, 2025

Henrik Werdelin, the startup strategist behind major brands like Barkbox through his former venture Prehype, is now spearheading a groundbreaking approach to entrepreneurship with his New York-based firm Audos. His vision leverages artificial intelligence to scale the startup process from tens of ventures to hundreds of thousands, empowering everyday entrepreneurs to develop million-dollar AI companies without requiring technical expertise.

Democratizing Business Expertise

Audos represents a significant shift in the entrepreneurial landscape. Rather than focusing solely on tech founders aiming for multi-million-dollar funding and billion-dollar exits, Audos is designed to transfer decades of startup know-how to a broader audience. “We are taking all that knowledge and methodology and democratizing it,” Werdelin explained, highlighting a commitment to empowering individuals who might otherwise feel excluded from the high-stakes tech ecosystem.

Leveraging AI For Rapid Validation And Customer Acquisition

Utilizing advanced AI capabilities, Audos guides entrepreneurs through a streamlined process: identifying business challenges, testing market viability, and connecting with niche customers via sophisticated social media algorithms. This approach not only minimizes risk but also accelerates the time it takes for new ventures to secure sustainable customer acquisition, a critical factor in ensuring long-term success.

A Revenue-Share Model With A Distinct Value Proposition

In contrast to traditional accelerators and venture capital, Audos adopts a revenue-sharing model. The firm takes a 15% cut of revenue from the companies it helps launch—rather than equity—while providing founders with up to $25,000 in initial funding, cutting-edge AI business tools, and substantial support in distribution. Werdelin emphasizes, “We’re not taking any equity in these ventures because we believe in the long-term strength of grassroots entrepreneurship, not in high-stakes exits.”

Strong Investment Backing And Bold Future Prospects

Backed by prominent investors such as True Ventures, Offline Venture, and Bungalow Capital, Audos has already seen the launch of several hundred businesses since its beta introduction. Investors express confidence in the model’s potential to scale dramatically, drawing parallels to the early days of Instagram’s meteoric rise with minimal staff yet exponential growth prospects.

Redefining The Landscape Of Entrepreneurship

Werdelin’s ambition extends far beyond individual success stories. With a vision of catalyzing a trillion-dollar economic shift, Audos is set to transform how traditional entrepreneurs employ AI to build and sustain business ventures. In an era marked by economic distractions and career uncertainty, this model of democratized entrepreneurship is not only innovative—it is rapidly becoming essential.

Ultimately, Audos offers a compelling blueprint for the future of business creation—one where accessible AI tools and strategic revenue-sharing can turn everyday ideas into impactful, life-changing enterprises.