Israeli Tourists Return To Paphos As Regional Aviation Slowly Recovers

by THEFUTURE.TEAM

April 20, 2026

Resumption Of Travel Between Cyprus And Israel

Israeli travelers have begun returning to Paphos International Airport after months of disrupted flight connections linked to regional unrest. Flights from Tel Aviv are once again arriving in Paphos, with the airport also serving as a transit point for onward travel to European destinations. This marks an early step toward restoring connectivity between Cyprus and Israel.

Early Signs Of Market Recovery

Visitor numbers remain below pre-conflict levels, but the return of Israeli travelers is seen as an initial sign of recovery. Industry participants consider this phase a starting point rather than a full rebound, with further growth dependent on flight capacity, demand stabilization, and broader regional conditions.

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Implications For The Local Economy

Renewed arrivals from Israel are expected to support tourism-related businesses, particularly in Paphos and the surrounding areas. Improved connectivity may also contribute to a gradual normalisation of travel flows, thereby supporting cooperation among airlines, tour operators, and hospitality providers across the region.

Outlook For Regional Travel

Future recovery will depend on the pace of flight schedule restoration and traveler confidence. Continued monitoring of aviation activity and booking trends will be key in assessing whether current momentum can translate into sustained growth in the coming months.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

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.

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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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