Irish Family Celebrates Enduring Bond With Larnaca

by THEFUTURE.TEAM

September 19, 2025

Honouring a Tradition of Loyalty

An Irish family has been formally recognised by Larnaca officials for their exceptional dedication to the city, marked by over 30 visits over the years. The municipality, in collaboration with its tourism development authority, acknowledged the Finn family as part of the ‘Larnaca’s Loyal Friends’ programme. This initiative celebrates long-term relationships with repeat visitors who contribute to the city’s vibrant cultural tapestry.

A Legacy of Visits and Friendships

Peter and Bronagh Finn, together with their children John, Bronwyn, and Darren, have established deep-rooted connections with the local community. Despite the passage of time and the growth of their own families, the Finns persist in their commitment to Larnaca. Their frequent journeys are driven not only by the city’s scenic beaches and the charm of Ayios Theodoros village but also by a profound appreciation for the hospitality, safety, and relaxed atmosphere the city offers.

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Strategic Recommendations for Year-Round Engagement

The family’s advocacy extends beyond personal sentiment. They have underscored the significance of direct Belfast–Larnaca flights, particularly during the autumn months, and have called for an extension of this service through the winter season. Such connectivity is anticipated to enhance year-round tourism and provide economic benefits reflective of modern travel trends.

Celebrating Authenticity and Cultural Richness

This recognition is a key component of Larnaca’s ‘Welcome Back’ initiative, which aims to reinforce the city’s reputation as a destination of enduring appeal. By honouring repeat visitors like the Finn family, Larnaca not only acknowledges its loyal patrons but also reinforces its commitment to offering an authentic and culturally rich experience that continues to draw travellers time and again.

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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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