Cyprus Presidency 2026 Paves The Way For Strategic Tourism And Hospitality Boost

by THEFUTURE.TEAM

October 16, 2025

Strategic Opportunity For The Hospitality Sector

The upcoming Cyprus Presidency of the Council of the European Union, scheduled for the first half of 2026, is set to deliver significant benefits to the nation’s hotel and tourism industry. Deputy Minister for European Affairs Marilena Raouna emphasized that local hoteliers will serve as the linchpin in this endeavor, utilizing their professionalism and service excellence to elevate Cyprus’s international reputation in tourism.

A Platform For International Recognition

Speaking with Entrepreneurial Limassol, a periodical of the Limassol Chamber of Commerce (Evel), Raouna outlined that the Presidency is not just a test of Cyprus’s hospitality but a strategic opportunity for global exposure. With over 250 meetings scheduled—from ministerial councils to informal gatherings of EU Heads of State and Government—and more than 20,000 delegates from the 27 member states expected, this event offers a rare chance for Cyprus to demonstrate its stability, security, and commitment to excellence.

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Leveraging Infrastructure And Local Expertise

Efforts are already under way to ensure that the entire nation benefits. The Deputy Ministry of Tourism is collaborating with the Presidency Secretariat to launch tenders for hotels and venues across various provinces, thereby engaging hoteliers in a competition that spans the entire island. This initiative not only enhances infrastructure across different regions but also supports local businesses and the broader food industry, thereby delivering a multiplier effect across the economy.

A New Era In European Tourism Policy

This significant event coincides with the upcoming presentation of the European Commission’s new EU Tourism Strategy in early 2026. The introduction of a dedicated European Commissioner for tourism marks a historical milestone and sets the stage for a highly competitive, sustainable, and inclusive tourism model within Europe. Cyprus intends to leverage this momentum to enrich its national tourism agenda and contribute meaningfully to shaping future EU policies.

Collaborative Dynamics For A National Mission

Beyond the formal meetings, a series of curated excursions will promote the cultural heritage and natural beauty of all provinces, ensuring that the benefits of the Presidency extend well beyond Nicosia. The collaboration between the government and key industry players such as the Cyprus Hotel Association has been described as both productive and essential. As Deputy Minister Raouna aptly noted, the success of the Cyprus Presidency will not only reflect the strength of Cyprus’s tourism sector but will also encapsulate the collective ambition of the nation.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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