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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Cypriot Government Charts New Course For Natural Gas Development

by THEFUTURE.TEAM

May 21, 2026

Strategic Decisions At The Ministerial Council

The Cypriot Ministerial Council has unveiled decisive steps to advance the development and production of Cyprus’s natural gas resources. At the commencement of the session at the Presidential Mansion, President Nicos Christodoulides confirmed several landmark decisions that underscore the nation’s commitment to energy security and economic growth.

Key Development And Production Initiatives

One of the main decisions approved during the session was the development and production plan for the Kronos gas field. The council also approved agreements defining key commercial terms for the future sale of Cypriot natural gas.

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According to the government, the objective is to begin exporting Cyprus’ first natural gas shipments to Europe through Egypt by 2028. The project is expected to strengthen Cyprus’ position within the regional energy market while expanding energy cooperation with Europe.

Anticipated Collaborations And Future Announcements

President Christodoulides noted that further announcements will soon follow in close collaboration with ExxonMobil, as the administration prepares for successive stages in the energy project. This partnership reinforces Cyprus’s strategic direction towards leveraging its energy assets while fostering international industry ties.

Commitment To Energy And Social Cohesion

The President said the latest decisions are linked to commitments included in the government’s 2026 policy programme. He described the development of Cyprus’ energy resources as a strategic priority intended to support economic growth, energy diversification and broader social and development policies.

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