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Hotels Champion Year-Round Eco-Sustainable Tourism In Cyprus

Cyprus hotels are redefining the tourism landscape by integrating the Green Key certification into their operational blueprint. This internationally recognized environmental standard not only meets stringent regulatory demands but also positions these establishments as leaders in eco-friendly tourism.

Certification As A Strategic Business Asset

According to Michalis Ierides, General Secretary of Cyprus Marine Environment Protection Association (Cymepa), the global market increasingly values sustainable practices. Cymepa, serving as the certification intermediary in Cyprus, ensures that hotels adhere to rigorous criteria including energy and water efficiency, staff training, and sustainable sourcing. By obtaining the Green Key label, hotels elevate their market appeal and align themselves with modern consumer expectations.

Collaborative Efforts And Industry Momentum

Christos Angelides, General Manager of the Cyprus Hotel Association (Pasyxe), observes that a growing number of hotels have already implemented green policies. Recent initiatives, including the organization of an event in November by the Larnaca Regional Tourism Board (Etap) to connect hoteliers, restaurateurs, and local producers, underscore the sector’s commitment to sustainability. This collaboration is viewed as indispensable for fostering long-term growth and community integration.

Enhancing Year-Round Tourism Through Innovation

The strategic adoption of sustainability measures is part of a broader governmental effort to transition Cyprus from a seasonal tourism model to one that operates year-round. With tourism contributing over 13 percent of the national GDP and supporting approximately 120,000 jobs, governments are investing €13.2 million in 2026 to propel hotel upgrades and digital transitions, fueling a robust response to shifting market dynamics.

Operational Excellence And Future Prospects

The Green Key program provides operational guidelines that go beyond environmental mandates. Notably, hotels are encouraged to prioritize local products to minimize transport costs. Such measures underscore a commitment not only to environmental stewardship but also to operational efficiency, reinforcing the sector’s pledge to innovate and remain globally competitive.

Conclusion: A Greener, Resilient Future

Green Key certification is more than a regulatory checkbox—it is a strategic asset that signals a hotel’s commitment to sustainability, community engagement, and long-term profitability. As Cyprus continues to meld environmental integrity with business excellence, the industry’s evolution towards a robust, year-round tourism model serves as a beacon for destinations worldwide.

Bank Of Cyprus Named Best Sub-Custodian Bank In Cyprus 2026 By Global Finance

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Bank of Cyprus has been named “Best Sub-Custodian Bank in Cyprus 2026” by Global Finance, one of the world’s leading international financial publications, reinforcing the Bank’s strong position in Cyprus’ custody and post-trade services market.

The award recognizes excellence across key areas of asset servicing, including operational efficiency, technology, client service and regulatory expertise. The award highlights financial institutions that consistently provide high-quality custody solutions and effectively respond to the increasingly complex needs of institutional and private investors.

The distinction reflects Bank of Cyprus’ commitment to safeguarding client assets and delivering reliable, high-quality custody and depositary services to institutional and private investors. It also acknowledges the Bank’s ongoing investment in innovative, client-focused post-trade solutions, underpinned by strong governance, regulatory compliance and extensive market expertise.

Recognising Excellence in Asset Servicing

Commenting on the recognition, Despina Kyriakidou, Treasury Director at Bank of Cyprus, said:

“This award is an important recognition of the expertise, commitment and consistently high standards of our teams. Custody and depositary services are fundamentally built on trust, reliability and the ability to navigate an increasingly complex investment and regulatory environment. At Bank of Cyprus, we continue to invest in our capabilities and technology, while remaining focused on the evolving needs of our clients. This distinction by Global Finance reinforces our commitment to providing secure, efficient and high-quality solutions to institutional and private investors.”

Comprehensive Custody And Depositary Services

Bank of Cyprus is a leading provider of custodian services to institutional and private investors, supported by a highly experienced and specialised team with extensive knowledge of the local and international investment environment. The Bank supports a broad range of investment activities through comprehensive asset safeguarding and tailored servicing solutions.

Its offering also includes specialised Depositary services for Collective Investment Funds, including UCITS and Alternative Investment Funds (AIFs), providing cash monitoring, safekeeping and oversight services that support domestic and international clients in navigating increasingly complex global markets safely and efficiently.

The award further strengthens Bank of Cyprus’ position as a trusted partner to the financial and investment industry and reflects its ongoing commitment to service excellence, innovation and the highest standards of asset servicing.

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