Cyprus: The Rising Star of European Tourism in 2025

by News Editor

May 15, 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.

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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.

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Bank Of England Holds Rates At 3.75% In Split Vote As Inflation Risks Rise

by THEFUTURE.TEAM

September 17, 2026

The Bank of England kept its benchmark interest rate at 3.75% on Thursday, but the decision was not unanimous. In a 6-3 vote, the Monetary Policy Committee kept rates unchanged, while three members backed a 25-basis-point increase to 4%. Renewed energy price pressures have added to concerns that inflation could remain elevated.

Inflation Pressures Remain

Policymakers said inflation “is likely to rise further over coming quarters,” citing higher and more volatile crude oil and refined energy prices since the conflict began.

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So far, there has been “little evidence” of significant second-round effects, such as broader wage and price increases. Inflation risks, however, are now “tilted to the upside” and have increased since the July Monetary Policy Report.

Energy Prices Add To Inflation Risks

Brent crude has risen 36% since July, reaching $106 a barrel on Sept. 14, while UK wholesale gas prices increased 78% to 207 pence per therm.

Higher energy costs can feed into transport, production and household expenses, raising costs across supply chains. Refinery pressures have also pushed crack spreads, the difference between refined fuel and crude prices, well above pre-conflict levels.

Economy Shows Resilience

Despite the inflation risks, UK economic activity has held up slightly better than the Bank expected. A softer labor market and higher borrowing costs are expected to help reduce inflation over time.

Previous monetary tightening is still working through the economy, according to policymakers. So far, the latest energy shock has not produced clear evidence of a broader wage-price spiral.

Major Central Banks Take Different Paths

The decision comes during a busy period for global monetary policy. The Federal Reserve raised rates Wednesday to 3.75%-4% in its first increase since 2023, while the European Central Bank recently lifted its deposit rate to 2.5%.

The Bank of Japan is due to announce its decision Friday, with markets expecting a rate increase. Thursday’s split vote shows that pressure for tighter policy remains within the Bank of England’s Monetary Policy Committee.

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