Cyprus Tourism Strategy: European Vision for Sustainable Transformation

by THEFUTURE.TEAM

October 9, 2025

European Strategic Initiative

On Monday, Cyprus Deputy Minister for Tourism, Kostas Koumis, met in Nicosia with European Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas. The central agenda of the discussion was the forthcoming European tourism strategy, now under development, which is expected to shape tourism policy across the continent.

A Decade of Tourism Resilience and Growth

During the meeting, both officials underscored the enduring significance of tourism to Cyprus’s economy, highlighting the sector’s performance from 2019 to the present. They paid particular attention to the impacts of the pandemic and recent geopolitical tensions on the industry, emphasizing the resilient nature of tourism in mitigating economic challenges.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Blueprint for a Sustainable and Digital Future

The strategy, initiated by Commissioner Tzitzikostas and scheduled for presentation in 2026, has been designed after extensive consultations with all key stakeholders. Anchored in the European Council’s Strategic Agenda 2030, the framework addresses critical issues including environmental and social sustainability, smart tourism through digital transformation, destination management resilience, accessibility and inclusion, support for SMEs and start-ups, skill development, and the integration of transportation systems with a unified European identity.

Cyprus at the Forefront

Deputy Minister Koumis affirmed that the Cypriot government is actively implementing measures aligned with the European Tourism 2030 strategy. Focused on the green transition and digital transformation, these initiatives underscore Cyprus’s commitment to embracing forward-thinking policies that drive both economic growth and sustainability.

Upcoming Milestones

Looking ahead, both officials exchanged views on the upcoming Informal Ministerial Tourism Meeting scheduled for 16-17 April 2026 in Cyprus. During Cyprus’s presidency of the European Union, further consultations will be conducted, culminating in the submission of Council Conclusions for the Competitiveness Sector in May 2026. This process sets the stage for the adoption of an updated Tourism Agenda 2030, tailored to meet the contemporary needs of EU member states.

The Future Forbes Realty Global Properties

Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

Breaking news