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European Rail Passenger Traffic Reaches Record Levels In 2024

Rail transport in the European Union achieved a historic milestone in 2024 as passenger travel reached an all‐time high. Eurostat reports that 443 billion passenger-kilometres were recorded, a notable 5.8% increase from 419 billion in 2023. This performance marks the peak since systematic data collection began in 2004, underscoring the robustness of rail travel in the EU market.

Country Performance And Market Leaders

Germany led the continent with 2,904 million passengers carried, outpacing France’s 1,320 million and Italy’s 843 million. In contrast, Lithuania, Estonia, and Greece recorded the lowest volumes, with figures of 5 million, 8 million, and 14 million passengers respectively. These disparities highlight the varying scales of rail infrastructure and market demand across member states.

Accelerated Growth In Strategic Markets

Highlighting a dynamic shift in regional transit, Hungary experienced an exceptional 60.0% growth in passenger numbers versus 2023. Adjacent markets such as Latvia and Ireland followed with increases of 13.9% and 10.0% respectively. Conversely, Romania and Bulgaria saw modest declines, with decreases of 4.9% and 3.1%, reflecting differing national transportation dynamics.

Passenger Ratios And Capacity Challenges

When adjusted for population, Luxembourg led with a striking ratio of 32.8 passengers per capita, followed closely by Denmark at 31.0 and Germany at 30.0. The lowest passenger-to-population ratios were observed in Greece and Lithuania at 1.5, with Bulgaria and Romania at 3.6, indicating capacity and infrastructure challenges in these regions.

Freight Transport: A Slight Downturn

In stark contrast to passenger travel, EU rail freight transport witnessed a marginal decline. Total freight performance reached 375 billion tonne-kilometres—a 0.8% reduction from 378 billion in 2023. This slight decrease reflects shifting logistics dynamics despite persistent demand in goods movement across the region.

Leading Freight Contributors And Cargo Profiles

Germany again proved its dominance in rail transport, contributing 126,320 million tonne-kilometres, followed by Poland at 56,713 million and France at 32,249 million. Smaller markets, including Ireland, Luxembourg, Greece, and Estonia, each recorded less than 1,000 million tonne-kilometres. The data further reveals that metal ores (12.2%), coke and refined petroleum products (10.1%), and basic metals and fabricated metal products (8.9%) were the primary goods transported by rail, emphasizing the sector’s critical role in industrial logistics.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

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.

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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