Cyprus Sees a Surge In Tourism Revenue: February’s Significant Gains And What It Means

by News Editor

April 29, 2025

In February 2025, Cyprus reported a notable €79.7 million in tourism revenue, reflecting a remarkable 22.4% increase from the same period last year when earnings stood at €65.1 million, according to the latest release by the statistical service.

Year-to-Date Performance

Taking a broader view, the combined revenue for the first two months of 2025 reached €148.9 million, soaring by 35% compared to €110.3 million during the same months in 2024.

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Spending Patterns of Tourists

The per capita expenditure for February rose by 14.3%, amounting to €595.71 compared to €521.01 in February 2024. Among the tourists, British visitors, accounting for 24.8% of the arrivals, spent an average of €73.42 per day. Polish tourists made up 15.1% of the total arrivals and spent €71.07 daily. Intriguingly, visitors from Israel had the highest daily spending at €203.06.

Future Prospects

Looking ahead, Harris Papacharalambous, President of Cyprus Travel and Tourism Agents Association, anticipates that a total of 4.25 million tourists will visit Cyprus by the end of the year. The vision for 2026 is to enhance the island’s tourism offerings with innovative changes, turning it into a regional hub for tourism activities, thanks to Cyprus’ strategic geographical position.

For further exploration of Cyprus’s rapid growth and economic potential, read about Cyprus’s fastest-growing tech companies and their global impact.

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Parliament Endorses Cyprus Academy Budget, Setting Stage For Strategic Growth

by THEFUTURE.TEAM

March 2, 2026

Balanced Budget Backing A Government Initiative

The Parliamentary Plenary approved a balanced budget of €570,000 for the Cyprus Academy of Sciences, Letters and Arts for the fiscal year ending December 31, 2026. The budget will be fully financed through a government grant, which remains the academy’s only source of revenue.

Focused Allocation For Administration And Development

The approved framework allocates €566,500 to administrative expenses and €3,500 to development activities. The slight increase compared to the previous year reflects the addition of three administrative positions. Academy President Achilleus Aimiliandis said the higher level of state funding allows the institution to strengthen staffing capacity and improve day-to-day operations while supporting its longer-term objectives.

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Inter-Ministerial Review And Required Amendments

The budget was submitted by the Ministry of Education, Sports and Youth to the Ministry of Finance in September 2025 for review. Following an assessment by the Public Administration and Personnel Department, several amendments were requested before the proposal proceeded to the Council of Ministers, reflecting standard oversight procedures applied to public-sector budgeting.

Building Renovation Plans Deferred

The approved budget does not include funding for the renovation of the property granted to the academy by the Holy Metropolis of Cyprus and Tillyria. A previous feasibility study estimated renovation costs at around €1.3 million plus VAT, with completion expected to take approximately two years. The project remains outside the scope of the current fiscal plan.

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