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Cyprus Embarks On A Bold Year-Round Tourism Strategy Amid Rising Winter Demand

Cyprus is setting a precedent by transforming its tourism strategy into a year-long endeavor. Hermes Airports Director of Aviation Development, Marketing and Communication, Maria Kouroupi, emphasizes that winter tourism is not merely a stopgap solution but a strategic imperative in the wake of climate challenges.

One-Way Street: The Imperative of Winter Tourism

“We are going for a third consecutive record year in passenger traffic,” Kouroupi noted on the Politis podcast, A Look at the Economy. This achievement is the result of deliberate coordination among airlines, hoteliers, tour operators, and government authorities. As rising off-season demand reinforces the need for year-round activity, Cyprus’s tourism model is evolving from its reliance on peak summer months.

Investing in Comprehensive Year-Round Experiences

With climate change poised to erode the summer tourist advantage, the focus is shifting toward a fully operational, year-round tourism ecosystem. Kouroupi argues that success hinges on more than just keeping hotels open. Restaurants, experience providers, and ancillary services must also adapt and innovate to offer compelling narratives and products during the off-season. This strategy positions destinations like Cyprus as attractive to airlines, which favor locales that boast a consistent influx of passengers throughout the year.

Boosting Connectivity and Infrastructure

In a proactive move, Hermes Airports has introduced incentive schemes to bolster winter connectivity. This season alone, 13 new routes have been inaugurated, with five million seats designated for the November–March period. Kouroupi warned that insufficient demand could lead to significant losses for airlines, highlighting the strategic balance between route expansion and market viability.

Strengthening International Ties

Notably, markets such as the United Kingdom, Israel, and Poland continue to drive growth, with additional momentum emerging from the Balkans and Scandinavia. Ahead of Cyprus’s EU Council Presidency in 2026, efforts to enhance connectivity with Brussels are already underway. New flight announcements signify a reinforced commitment to long-term integration with key economic hubs.

Modernizing Airport Facilities for Future Growth

Addressing infrastructure enhancements, Kouroupi acknowledged that delays in airport expansions have stemmed from protracted negotiations with governmental authorities rather than technical or construction issues. Under current approved plans, Larnaca Airport will benefit from revamped passport control and security facilities, a new pier, and additional aircraft stands. Similarly, Paphos Airport is set to expand by approximately 30%, with both projects expected to be completed by late 2027.

Readiness for a Changing Global Landscape

As the tourism landscape evolves, the strategic emphasis on winter operations and robust infrastructure positions Cyprus as a competitive, year-round destination. With airports gearing up for both current challenges and future opportunities, the island nation is poised to redefine its role in the global tourism market.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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