Greenland’s Tourism Boom: Trump Effect And New Airports Drive Growth

by THEFUTURE.TEAM

March 21, 2025

Greenland is witnessing a surge in tourism, fueled by renewed international attention following remarks by former U.S. President Donald Trump and a wave of new infrastructure projects. The opening of Nuuk’s new international airport has significantly improved access, with direct flights from New York set to begin in June.

Key Facts

14% rise in international arrivals: Statistics Greenland reported a sharp increase in January year-on-year.
Hotel stays surged: 355,000 nights recorded last year, up from 210,000 in 2014.
Nuuk Airport opened in November, streamlining travel and bypassing layovers in Copenhagen and Kangerlussuaq.
Ilulissat and Qaqortoq to get international airports, further boosting accessibility.
Three-quarters of tour operators saw increased bookings after Nuuk Airport’s opening.

The Bigger Picture

Greenland’s tourism momentum comes amid U.S. interest in the Arctic island’s rare earth minerals, critical for high-tech industries. While Trump’s idea of acquiring Greenland sparked controversy, it undeniably placed the region in the global spotlight. The country now aims to diversify its economy—currently 95% dependent on fishing—by leveraging tourism and mining.

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With breathtaking glaciers, deep fjords, and a rich Inuit cultural heritage, Greenland’s tourism industry is poised for unprecedented growth.

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Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

by THEFUTURE.TEAM

March 27, 2026

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

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Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.

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