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Cyprus Road Freight Transport Strengthens Amid Rising International Demand

Recent data from the Cyprus Statistical Service (Cystat) indicate that Cyprus’ road freight sector is gaining momentum. While domestic shipments have experienced modest gains, international freight has seen a sharper ascent, reflecting a dynamic period in 2025.

Domestic Freight Trends

Between April and June 2025, the total weight of goods moved within Cyprus increased by 0.5 percent compared to the same period in 2024. This steady growth highlights the resilience of the local logistics market, even as the wider economic environment remains challenging.

International Freight Expansion

More notably, freight crossing Cyprus’ borders grew by 3.6 percent during the same quarter. This marked rise in international activity underscores the island’s evolving role as a pivotal transit point, potentially encouraging broader commercial linkages in the region.

First-Half 2025 Insights

Year-to-date figures further solidify these trends. From January to June 2025, domestic road freight increased by 0.3 percent relative to the corresponding period in 2024, while international movement surged by 5.0 percent. This bifurcation in growth highlights a strategic opportunity for foresight in logistics and infrastructure planning.

Strategic Implications

The upward trajectory in both domestic and international road freight services places Cyprus in a favorable position within global supply chains. With its expanding role as a regional logistics hub, forward-thinking investors and industry leaders can capitalize on these insights for scheduled upgrades to infrastructure and refined market strategies.

Eurobank Plans €1 Billion Investment In AI And Digital Banking By 2028

Eurobank plans to invest about €1 billion in technology from 2025 through 2028, its largest technology investment program to date. The Banking Forward strategy focuses on digital banking, artificial intelligence, customer experience and a “phygital” model combining digital services with face-to-face support.

Digital Banking Dominates Customer Activity

Digital channels already account for 96% of Eurobank transactions, with 61% completed through the Eurobank Mobile App. Among customers aged 35 and under, digital adoption reaches 94%.

Customers make about 574 million annual logins across e/m-banking and more than 1 million digital transactions each day. During the first half of 2026, one in three banking products was acquired digitally.

AI Moves Into Everyday Banking

Eurobank is expanding the use of AI through tools including EVA, its digital customer assistant, and myEVA, an AI-powered voice assistant for employees. The technology is also being applied to mortgage assessments, customer feedback analysis and contractual documents.

The bank’s technology architecture is built around five areas: digital channels, customer experience orchestration, data and AI, core banking, and infrastructure and cloud. About 50% of its applications and digital channels are already cloud-based.

Investment Extends Beyond Technology

The program is intended to reshape how Eurobank operates, combining automation and AI with employee development and human support. The bank says the approach is designed to improve services while maintaining access to face-to-face banking when customers need it.

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