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Cyprus And Greece Unlock New Economic Opportunities Through Strategic Collaboration

by THEFUTURE.TEAM

April 23, 2026

Reassessing Cyprus’ Tax Framework

At the 2nd Cyprus Business Presentations Summit in Athens, Cyprus and Greece highlighted opportunities for deeper economic cooperation and investment. The discussion focused in part on Cyprus’ updated tax framework, introduced on January 1, 2026, which aims to simplify procedures and align the system with European Union standards and broader international practices.

Strengthening Bilateral Economic Relations

The summit brought together institutional stakeholders, along with accounting and legal professionals and business leaders from both countries. Cypriot Tax Commissioner Soteris Markides outlined key elements of the reform, emphasizing improvements in efficiency and clarity for investors operating in the region.

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Institutional Endorsements And Renewed Commitments

Dimitris Skalkos, Secretary General for International Economic Relations and Extroversion at the Greek Ministry of Foreign Affairs and President of Enterprise Greece, highlighted the importance of strengthening economic ties between the two countries.

Representatives of Cyprus in Greece, alongside business organizations such as the Cyprus Chamber of Commerce and Industry, supported closer cooperation. Additional perspectives were provided by Marios Tannousis, Chief Executive Officer of Invest Cyprus, who pointed to coordinated fiscal and investment policies as drivers of regional growth.

Strategic Memorandum Of Cooperation

A key outcome of the summit was the renewal of a cooperation agreement between Invest Cyprus and Enterprise Greece. The agreement, signed by Marios Tannousis and Dimitris Skalkos, aims to strengthen joint investment promotion efforts and improve coordination between the two markets.

Looking Ahead

Delegates at the summit agreed that changing global economic conditions require closer and more structured cooperation between Cyprus and Greece. Participants pointed to the need for coordinated approaches in areas such as investment promotion, regulatory alignment, and cross-border business activity. Both countries are expected to adapt to shifting market conditions while also expanding joint initiatives across sectors, including services, tourism, energy, and finance. The renewed cooperation framework is intended to strengthen the use of shared economic advantages and support more stable, long-term growth in a competitive regional environment.

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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.

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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.