Cyprus Hosts Prestigious European Hospitality Summit

by THEFUTURE.TEAM

October 17, 2025

The two‐day international conference bringing together the hotel industry and the catering sector has commenced in Paphos. Christos Angelidis, General Manager of PASYXE, emphasized that the establishment of HOTREC as a benchmark institution in Europe underlines its critical role in the industry, especially as it is now scheduled to be hosted annually by the EU presidency country for the forthcoming semester.

European Leadership and Institutional Significance

Angelidis highlighted that the nation assuming the next EU Presidency is also charged with hosting the HOTREC General Assembly. Notably, Cyprus last hosted the assembly in 2012, during its previous tenure as president of the European Union. This intertwining of responsibilities underscores the country’s increasing influence in the continent’s hospitality arena.

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Addressing Industry Transformations and Challenges

Over the course of the conference, a range of pivotal topics will be explored. Discussions will include strategic responses to the transition towards a green economy and environmental management, along with the evolving landscape of digital advertising in an era where traditional methods have become obsolete. Additional focus will be placed on contemporary challenges such as the management of online sales platforms for hotel operations and the impact of fraudulent reviews on competitiveness.

Distinguished Guests and National Pride

The summit, being held at the Aliathon Hotel on the coastal Kato Paphos-Geroskipou Boulevard, will witness the presence of high-ranking officials, including the President of the Republic of Cyprus, Nikos Christodoulides, who is set to deliver a welcoming address at 9:30 this morning. This high-level participation speaks to the significance of the event, offering a platform to showcase Cyprus’s competitive advantages, natural beauty, culinary excellence, and overall appeal as a premier tourist destination.

As Cyprus gears up to host this eminent European organization, industry leaders and stakeholders look forward to leveraging the summit as a stage to elevate the island’s international profile and reinforce its status as a hub of excellence in hospitality.

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Mortgage And Business Loan Rate Dynamics Among Cyprus Banks

by THEFUTURE.TEAM

January 17, 2026

Stable Mortgage Loan Rates Post-Mergers

Recent consolidations in the Cyprus banking sector have led to a striking uniformity in mortgage loan interest rates. For example, data from November 2025 reveal that Bank of Cyprus, Eurobank Ltd, and Ancoria Bank are all offering an average rate of 2.98%. Alpha Bank even offers a marginally lower rate of 2.81% for home purchases, whereas smaller market players continue to provide loans at higher costs.

Differentiated Business Loan Offerings

In contrast, business loan interest rates demonstrate greater variability. For loans up to €1 million, Alpha Bank offers the most competitive rate at 3.31%, followed by the National Bank of Greece (Cyprus) at 3.78% (NBG Cyprus). Eurobank Ltd, Kyprian Bank of Development, and Bank of Cyprus post higher averages at 4.00%, 4.46%, and 4.47% respectively, while Societe Generale Bank Cyprus and Banque SBA register even steeper rates at 6.05% and 6.54%.

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For loans exceeding €1 million, the trend remains similar: Alpha Bank leads with 3.64%, trailed by National Bank of Greece (Cyprus) at 3.99% and Bank of Cyprus at 4.18%. Eurobank Ltd and Kyprian Bank of Development follow with rates of 4.54% and 4.30%, whereas Societe Generale Bank Cyprus stands out with an average rate of 6.23%.

Competitive Deposit Rates Reflect High Liquidity

Deposits in Cyprus are offered at some of the lowest interest rates in the Eurozone, a situation that reflects the exceptionally high liquidity across the local banking systems. With a Liquidity Coverage Ratio (LCR) recorded at 319% in November 2025, well above the Eurozone median of 191%, major institutions such as Bank of Cyprus, Eurobank Ltd, and Alpha Bank feature household deposit averages of 0.67%, 1.11%, and 1.36% respectively.

Meanwhile, smaller banks including Ancoria Bank, National Bank of Greece (Cyprus), and Kyprian Bank of Development report higher deposit rates of 1.47%, 1.49%, and 1.25% respectively. For business term deposits (up to one year), Ancoria Bank offers the highest average rate at 1.51%, closely followed by Alpha Bank at 1.43%. Other institutions maintain averages between 1.12% and 1.42%, underscoring a competitive yet stratified market landscape.

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