Despite Temporary Suspensions, Pafos Province Poised to Offer Thousands of Operational Tourism Beds

by THEFUTURE.TEAM

October 31, 2025

In a bold demonstration of resilience, Pafos Province is set to host thousands of fully operational tourism beds during the winter period of December 2025 to March 2026, even as some accommodation services temporarily halt operations. The initiative promises a diverse range of lodging options capable of welcoming a significant influx of visitors during the off-peak season.

Robust Operational Capacity Amid Seasonal Adjustments

Recent findings by the Pafos Regional Tourism Development and Promotion Company, in collaboration with local hospitality associations, reveal that nearly 10,500 licensed beds will remain active during the upcoming winter months. This figure, representing approximately 35% of the total accredited accommodation capacity in the province, mirrors last year’s performance. While data for short-term lease beds remains undisclosed, the established numbers underscore a sturdy foundation for the tourism sector during the season.

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Infrastructure and Connectivity Advantages

Despite the temporary suspension of some units—predominantly between December and February—the province benefits from a robust air connection network. With around 125 weekly incoming flights from 40 international airports, and growing recognition among key tourism markets, Pafos continues to leverage its strategic geographical position to attract travelers, even amidst seasonal challenges.

Calls for Strategic Policy and Economic Incentives

The Tourism Board of Pafos has expressed concerns regarding the limited effectiveness of current measures intended to prevent the suspension of operations. There is a growing appeal to the government for the introduction of generous incentives during the winter period. Such policies would aim to enhance competitiveness and reduce operational costs for tourism, hospitality, and ancillary sectors. Furthermore, the board recommends intensifying promotional efforts in key source markets and exploring incentives for tour operators and airlines to mitigate seasonality and extend the tourist season.

Long-Term Objectives for Sector Stability

The overarching goal for Pafos Tourism is to maintain approximately 17,000 licensed beds, as designated by the Deputy Ministry of Tourism, operating at high occupancy rates throughout the year. The current outlook and strategic plans underpin a strong potential for the province to achieve year-round operational stability in the coming years.

This forward-looking strategy highlights Pafos’ commitment to securing its position as a resilient and dynamic player in the global tourism market.

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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.

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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.

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