DBRS Morningstar Confirms Cyprus ‘A’ Credit Rating With Stable Outlook

by THEFUTURE.TEAM

March 16, 2026

Confirmed Credit Rating Amid Economic Resilience

DBRS Morningstar reaffirmed the sovereign credit rating of the Republic of Cyprus at A with a stable outlook. The agency cited the country’s fiscal performance and economic growth outlook. The rating report notes that Cyprus’s real GDP is projected to grow by about 3.8% in 2025. Domestic demand and service exports are expected to support economic activity.

Regional Uncertainty And Its Impact

DBRS Morningstar said regional developments remain a potential risk for the Cypriot economy. The agency noted that rising tensions in the Middle East could affect economic activity in the region. Tourism, a key sector of the Cypriot economy, could be affected if instability continues. Higher global energy prices could also reduce household purchasing power and affect consumption.

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Fiscal Strength And Institutional Reliability

The report highlights Cyprus’s recent fiscal performance. The government has recorded budget surpluses in recent years while public debt has continued to decline. DBRS Morningstar expects government debt to fall below 60% of GDP by 2025. The agency also noted the stability of the banking sector and Cyprus’s institutional framework as an EU member state. However, the report also highlighted structural challenges. These include the small size of the economy, reliance on services, low labour productivity and a current account deficit.

Leadership Confidence In Strategic Economic Policy

Key figures have lent their voices to the nation’s economic credibility. President Nikos Christodoulides underscored that maintaining the A rating amid multifaceted regional challenges is a robust vote of confidence in Cyprus’s economy. Finance Minister Makis Keravnos further emphasized that the nation’s substantial fiscal reserves and proactive economic planning provide a strong buffer against potential external shocks. This strategic outlook is expected to guide Cyprus in leveraging emerging opportunities while managing risks in an uncertain global landscape.

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Cyprus And Greece Outline Joint Tourism Plans For Summer 2026

by THEFUTURE.TEAM

May 1, 2026

Strategic Partnership Enhances Tourism Prospects

The Cyprus Tourism Authority (EOT Cyprus) presented proposals for summer 2026 focused on strengthening tourism cooperation between Cyprus and Greece, with joint efforts aimed at attracting visitors from long-haul markets.

Greece: The Top Destination For Cypriot Travelers

At an event on April 28, Athena Spakouri, Director of EOT Cyprus, said Greece is expected to remain the main travel destination for Cypriot residents, with plans extending beyond established locations to include lesser-known regions. This approach reflects a broader effort to diversify travel options while maintaining strong demand between the two countries.

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Complementary Destinations, Unified Vision

Building on this, Spakouri noted that Cyprus and Greece offer complementary tourism experiences rather than competing directly. Joint programmes are therefore being positioned to attract visitors from markets such as the United States and China, while tourism activity continues to be assessed in the context of broader geopolitical developments.

Robust Air And Sea Connectivity

Supporting this cooperation, Konstantinos Kollias said around 600,000 Cypriots travelled to Greece in 2025. Frequent flights, short travel times, and ferry connections between Limassol and Piraeus continue to facilitate movement between the two countries and sustain travel flows.

Diverse Tourism Offerings for a New Era

Konstantinos Kollias highlighted that Greece’s tourism portfolio spans from traditional seaside holidays to sectors such as cultural, religious, gastronomic, agritourism, ecotourism, spa, conference, and medical tourism.

This range reflects the expansion of tourism offerings across different segments and travel preferences. In parallel, Joseph Iosif referred to Greece as a “second homeland” for Cypriot travellers, pointing to longstanding cultural and travel links between the two countries.

Innovative Programs And Strengthened Connections

Building on this approach, the EOT strategy includes initiatives focused on gastronomic routes, cultural trails, thematic and religious tourism, as well as curated city breaks in destinations such as Athens and Thessaloniki. These programmes were presented at the event alongside references to historical, cultural, and religious connections between Cyprus and Greece, including remarks from Bishop Gregorios of Mesaoria.

Boosting Air Connectivity And Island Accessibility

At the same time, airlines including Aegean Airlines, Sky Express, and Cyprus Airways outlined plans to expand connections between Cyprus and Greece, with a focus on increasing access to island destinations. The event also brought together stakeholders from the Deputy Ministry of Tourism, Hermes Airports, tour operators, and ACTAA, reflecting coordination across different parts of the tourism sector.

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