Cyprus-India Direct Routes: Indian Airlines Explore New Market Opportunities

Meeting With Prominent Indian Airlines

Alexis Vafeadis met representatives from two major Indian airlines in New Delhi on Friday to discuss the possibility of launching direct flights between Cyprus and India. The discussions focused on evaluating potential routes and expanding air connectivity between the two countries.

Constructive Dialogue With Air India Executives

During separate meetings, the minister held talks with Rajinder Nath and Ashish Bhalla. Discussions focused on the feasibility of introducing direct flight connections as regional aviation activity continues to evolve.

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Air Indigo’s Strategic Proposal

In a parallel meeting, Minister Vafeadis connected with R K Singh, the Acting CEO of Air Indigo, along with Rajan Malhotra, Vice President of Aviation Policy and Industrial Affairs, and Sarada Prasanna Khatua, Deputy Director of Civil Aviation Affairs at IndiGo. Air Indigo appears to be taking a proactive approach by formally requesting the Indian Government to review and amend the current aviation agreement to secure rights for flights linking Cyprus directly with India.

High-Level Engagement Strengthens Prospects

The initiative also reached the highest level of governmental dialogue, as President Christodoulides discussed the proposal with Indian Prime Minister Narendra Modi. The Indian Prime Minister expressed a positive outlook regarding the potential for establishing new international air links, underlining the strategic importance of bolstering bilateral connectivity.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

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.

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