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Cyprus Coastal Walkway Redefines Tourism and Urban Renewal

by THEFUTURE.TEAM

December 23, 2025

Transforming the Coastal Landscape

The development of what is poised to become the largest coastal pedestrian walkway in Cyprus is nearing completion in the Peyia-Kissonerga region of the Akamas municipality. The project has already begun transforming the area’s tourism profile, setting a new precedent for urban regeneration along the coast.

A Strategic Asset for Regional Tourism

Major European tour operators have taken notice, incorporating the scenic seafront route into their promotional materials and holiday packages, as reported by Philenews. This strategic initiative is expected to position the region as a destination for nature-centric activities, sports, and cultural sightseeing, providing a competitive edge in the tourism sector.

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A Phased Development With Immediate Impact

The project, initially launched with a two-kilometer stretch in 2024 by President Nikos Christodoulides, is a €2.5 million urban regeneration venture. According to Akamas Mayor Marinos Lambrou, the final completion of the expansive 14-kilometer corridor — stretching from the Potima Marina to the port of Ayios Georgios — is anticipated by 2026. In its initial phase, the walkway boasts facilities including an amphitheatre, outdoor fitness amenities, a basketball court, a pavilion, and a children’s playground.

Enhancing Public Space and Community Life

Already, both residents and visitors are embracing the new walkway as a favorite venue for morning walks, exercise, and leisure. Local authorities regard this enthusiastic adoption as a robust indication of the project’s potential to reinvigorate community life and stimulate a broader tourism mix in the Paphos district.

Looking Ahead

With urban regeneration projects like this setting the stage for economic and social revitalization, the Cyprus coastal walkway is more than just a public amenity—it is a forward-thinking investment in the region’s future. The combination of strategic planning and community engagement ensures that this landmark project will continue to drive innovation and growth throughout the area.

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Bank Of Cyprus Named Cyprus’ Best Digital Bank By Euromoney

Bank of Cyprus has been named Cyprus’ Best Digital Bank at the Euromoney Awards for Excellence 2026, recognising the lender’s digital banking developments during the review period from January 1 to December 31, 2025.

Digital Banking Expansion

During the year, the bank integrated Fleksy, Cyprus’ first buy now, pay later service, into its digital banking platform. It also expanded Joey, its youth banking app, by adding savings and goal-setting features and enabling transfers between Joey accounts.

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Bank of Cyprus also extended QuickAccount to support sterling and US dollar accounts. In addition, it launched what it said was Cyprus’ first fully digital housing loan, expanding its digital offering beyond day-to-day banking services.

The bank said it now has more than 500,000 active digital users.

Focus On Customer Access

“Enabling our customers to access the financial products and services they need with ease at any time is at the core of our digital strategy,” Chief Digital Officer Demetris Nicolaou said. “It is an honour for the bank to be named the winner of Cyprus’ Best Digital Bank at the Euromoney Awards for Excellence 2026.”

The recognition follows the Euromoney Private Banking Awards 2026, where Bank of Cyprus retained its titles as Best Private Bank in Cyprus and Best for High-Net-Worth Individuals in Cyprus for a second consecutive year.

Wealth Management Growth

Euromoney also cited growth in advisory services, digital initiatives and a 36% increase in assets under management during the review period as factors supporting the bank’s private banking awards.