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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Bank Of Cyprus Profit Hits €481 Million In 2025

by THEFUTURE.TEAM

April 9, 2026

Bank of Cyprus approved its audited financial results for the year ended December 31, 2025. The board confirmed the group’s financial statements and performance for the period.

Robust Financial Highlights And Strategic Investments

The report covers Bank of Cyprus Group, including Bank of Cyprus Public Company Limited and its subsidiaries. Profit after tax reached €481 million, with €128 million recorded in the fourth quarter. New lending totaled €3 billion, up 23% year over year, driven by corporate and international demand. Gross performing loans increased 8% to €10.9 billion, while deposits rose to €22.2 billion, supported primarily by retail customers.

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Operational Excellence And Capital Strength

Panicos Nicolaou, CEO of Bank of Cyprus, said the 2025 results reflected strong financial and operational performance. The bank maintained a cost-to-income ratio of 37%. Liquidity coverage ratio stood at 321%, with surplus liquidity of €9.2 billion. Return on tangible equity reached 18.6%, while basic earnings per share were €1.10.

Risk Management And Corporate Governance

The report outlines risk management across credit, liquidity, market, and operational areas, as well as exposure to geopolitical, cybersecurity, and climate-related risks. Transactions with related parties were conducted on standard commercial terms and remained below 1% of the group’s net assets.

Compliance And Reporting Excellence

Financial statements were prepared in line with IFRS as adopted by the European Union and applicable national legislation. The board confirmed that the results present a true and fair view of the group’s financial position. Internal controls, fraud prevention systems, and sustainability reporting frameworks remain in place.

Looking Ahead

Recent initiatives include a minority investment in Wealthyhood and the acquisition of a performing loan and deposit portfolio from Cyprus Development Bank Public Company Limited. Management said the bank will continue to focus on lending growth and capital strength. The full report is available on the company’s website.

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