Cyprus Tourism Grapples With Middle East Conflict Amid 30% Arrival Decline

by THEFUTURE.TEAM

April 16, 2026

Significant Drop In Arrivals Sparks Concern

Association of Cyprus Travel & Tourism Agents (ACTTA) reported a 30% decline in tourist arrivals in March. Christos Christou, Vice President of ACTTA, said the drop is linked to instability in the Middle East. Airlines are adjusting summer flight schedules, with further declines in arrivals expected in the near term.

Flight Reductions And Rising Domestic Interest

Christou said bookings slowed following tensions involving the United States, Israel, and Iran, including an incident involving an Iranian drone at the British Bases in Akrotiri. Press conference remarks were delivered in Nicosia during Travel Expo Cyprus 2026. Outbound travel demand among Cypriot residents has increased, particularly for the summer, with expectations that available flight capacity will be absorbed.

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Evaluating The Impact And Long-Term Strategy

Initial projections pointed to a 10% increase in arrivals, but March recorded a 30% decline instead. Early April saw temporary support from Easter-related travel. Demand weakened again in the second half of April and into May, with pressure expected to continue during the season.

Travel Expo Cyprus 2026: A Beacon For Tourism Recovery

Travel Expo Cyprus 2026 will take place from April 17 to 19 at the State Fair grounds in Nicosia. The event includes participation from local and international tourism stakeholders. ACTTA is using the exhibition to support demand through promotion and engagement with travel partners.

Regional Perspectives And Strengthening Connectivity

Maria Socratous, representing the Deputy Ministry of Tourism, said the exhibition remains the only tourism-focused event in Cyprus and continues to expand international participation. Athena Sfakouri of the Greek National Tourism Organisation in Cyprus highlighted links between Greece and Cyprus. Greece recorded over 36 million tourists in 2025, while Cyprus attracted around 4.5 million. Air and ferry connections support travel flows between the two markets.

Conclusion

Tourism performance remains dependent on geopolitical developments and airline capacity. Industry participants are focusing on demand stabilization and regional connectivity.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

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.

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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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