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Cyprus: The Rising Star of European Tourism in 2025

At the dawn of 2025, Cyprus is making waves in the European tourism sector, boasting an impressive 15.4% increase in international arrivals from the previous year. This trend aligns with the broader appeal of Southern and Mediterranean Europe, renowned for its warm climates and burgeoning off-season travel opportunities.

According to the European Travel Commission, the momentum seen during the first quarter of 2025 highlights the robust resurgence of European tourism, which had bounced back to pre-pandemic levels in 2024. In contrast, European arrivals increased by 4.9% year-on-year, while overnight stays saw a 2.2% bump.

Despite prevailing global challenges, including geopolitical tensions and U.S. tariffs, travel demand remains steadfast, driven by destinations offering significant value and experiences beyond peak seasons. This winter, destinations like Slovakia and Norway experienced notable increases in tourists, echoing the resilience seen in countries such as Cyprus.

In particular, Cyprus’s tourism has thrived, largely fueled by an influx of visitors from Poland and Romania. Deputy Tourism Minister Kostas Koumis noted record numbers from the Polish market, which surged by 80% compared to 2022. For more about Cyprus’s strategic positioning in Europe, check out Cyprus Joins Schengen: What This Means For Investment, Real Estate.

Looking ahead, Cyprus aims to transform into a year-round tourist destination, focusing on expanding beyond peak summer months and enhancing special-interest travel offerings. With direct flights now connecting seven Romanian cities to Cyprus’ Larnaca and Paphos, it seems this Mediterranean gem is set to sparkle even brighter.

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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