Cyprus Airports Surpass 13 Million Passengers in Unprecedented Growth

by THEFUTURE.TEAM

December 2, 2025

Record Milestone in Passenger Traffic

Cyprus’ aviation sector has reached a historic milestone, with passenger numbers exceeding 13 million since January. Hermes Airports, the island’s leading airport operator, confirmed that this surge in traffic marks the highest volume ever recorded, a testament to the rapid expansion of the region’s air links.

Strategic Expansion And Global Connectivity

The operator detailed that this achievement is the result of sustained collaboration between Hermes Airports, tourism operators, and government stakeholders. The current figures span 160 routes operated by 60 airlines across 41 countries, effectively broadening Cyprus’ accessibility and global footprint.

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Future Outlook And Continued Growth

Hermes Airports emphasized that every milestone transcends mere numbers, reflecting a deliberate strategy aimed at achieving year-round connectivity and establishing direct links with key international cities. The company expressed its gratitude to its airline partners, tourism stakeholders, and the travelers whose continued support has driven this historic performance.

This solid performance is a clear indicator of strategic foresight and robust planning within Cyprus’s aviation sector, setting a benchmark for future growth and connectivity in the region.

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Eurobank Approves €258.7M Dividend And €288M Share Buyback

by THEFUTURE.TEAM

April 29, 2026

Robust Dividend And Share Repurchase Initiatives

Eurobank S.A. shareholders approved a dividend distribution of €258.7 million at the annual general meeting held on April 28. The resolution was supported by approximately 77% of paid-up capital, representing more than 2.77 billion voting shares. The dividend will be paid from special reserves and remains subject to approval by the European Central Bank.

Strategic Share Buyback And Capital Optimization

In addition, shareholders approved a share buyback programme of up to €288 million over the next 12 months, pending regulatory clearance. The programme includes the cancellation of 28,097,019 own shares, which will reduce share capital by approximately €6.18 million. Following this adjustment, total share capital is set at €792,751,032.04, divided into around 3.6 billion ordinary voting shares with a nominal value of €0.22 each.

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Enhanced Executive And Employee Incentives

Alongside capital measures, the meeting addressed remuneration. Shareholders approved an allocation of €35.2 million from special reserves for employee compensation. A five-year programme was also introduced to distribute shares to eligible executives and employees of Eurobank and affiliated entities. In parallel, a revised variable remuneration framework allows selected senior executives to receive up to 200% of fixed pay.

Governance And Audit Oversight Reforms

Changes were also made at the board level. Alexandra Reich was appointed as an independent non-executive director, replacing Jawaid Mirza. Following this appointment, eight of the thirteen board members are classified as independent. Amendments to the articles of association introduce flexibility in board terms and allow partial renewals.

Strengthening Audit And Sustainability Commitments

On the audit side, KPMG Certified Auditors S.A. was appointed as the statutory auditor for 2026. The fee is set at €1.8 million for statutory audits of separate and consolidated financial statements, with an additional €0.3 million allocated for assurance of the sustainability statement. The meeting also approved the 2025 remuneration report and confirmed committee fee arrangements, alongside updates on audit committee activity and independent director reporting.

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