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Cyprus Set For Robust Tourism Surge In 2025

As we step into 2025, Cyprus is optimistically eying a thriving year for its tourism sector. Following a landmark year in 2024, where tourist arrivals exceeded four million, generating over €3 billion, there is a concerted push to reach new heights in the coming months.

Deputy Minister Costas Koumis has indicated a notable 6% increase in tourist arrivals when compared to the same period last year, showcasing the island’s improved air connectivity and infrastructure. Not only is this about increasing numbers, but also about enhancing the tourist experience, with initiatives to extend the tourism season beyond the traditional summer peak and focus on niche markets like sports tourism.

Paphos, a key player in Cyprus’s tourism sector, continues to shine. Its strategic investments in hospitality and new international connections—linking Paphos airport with 58 airports across 21 countries—underscore its growing appeal.

The push for quality service and diversified offerings emphasizes the importance of sustained improvements. Tourism in Cyprus is more than just a sector—it’s a dynamic, strategic facet of national growth.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

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.

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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