Daleela Ferry Resumes Cyprus-Greece Route in 2025: Navigating New Horizons

by News Editor

May 30, 2025

Setting Sail Again: The Daleela Ferry Connects Cyprus and Greece

The Daleela ferry is back on the waves, resuming its pivotal route between Cyprus and Greece this Saturday from Limassol to Piraeus. Embarking on the first of 22 planned crossings this summer, this maritime service is now entering its fourth season, an enduring link in Mediterranean travel.

A Key Initiative for Connectivity

This service reactivation comes on the heels of an announcement by Deputy Minister of Shipping, Marina Hadjimanolis, alongside Scandro Holding Ltd, continuing a government partnership until 2027. This vital route is more than just transport; it’s a lifeline for those who find flying challenging due to various reasons such as age or medical issues. According to Minister Hadjimanolis, “It’s classified as a service of general economic interest, with €5.5 million annual support.”

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Strong Demand Sets Sail

The vessel will carry 187 passengers, 66 vehicles, 36 motorcycles, and 8 pets. Demand is robust, with over 6,500 tickets already sold and full booking for August, while opportunities for travel still exist in June and July. The season finale is slated for September 2 from Piraeus.

A Steady Rise in Popularity

Operated under a €15.6 million contract awarded in 2022 to Scandro Holding Ltd—a joint venture between Limassol-based Acheon Akti Navigation and Nicosia’s Top Kinisis Travel—the ferry’s popularity is clear. Over the last three years, 22,582 passengers, 7,641 vehicles, and 772 pets have used this service. As Scandro director Charalambos Manoli notes, “The ferry shows how much people embrace this service. Our aim is to enhance both the journey and the service each year.”

Challenges and Hopes for the Future

The ferry presents a valuable alternative for travelers, ensuring ease for families, the elderly, and pet owners who may not wish to fly. Some logistical issues remain, particularly related to land transfers within ports, yet the overall reception is promising. Hadjimanolis hopes the maritime industry will continue the route post-subsidy, envisioning it as a stepping stone for additional links in the region.

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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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