Larnaca Poised For Robust Seasonal Tourism Growth

by THEFUTURE.TEAM

September 13, 2025

Steady Winter Demand And Continued Confidence

Larnaca is positioned to sustain a steady influx of tourists during the winter months, bolstered by current booking trends and the operational confidence of local hotels. Industry leaders forecast a strong performance driven largely by the city’s three key traditional markets: the United Kingdom, Israel, and Poland.

Wizz Air: A Strategic Catalyst For Expansion

The robust flight schedule from Larnaca International Airport remains a pivotal factor. Notably, Wizz Air’s extensive network from various European hubs is set to reinforce winter tourism. On September 18, the carrier will commemorate five years of its Cyprus base and the milestone of transporting ten million passengers via a high-profile event in the departures area, attended by Transport Minister Alexis Vafeadis and Deputy Minister of Tourism Kostas Koumis.

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Record Summer Occupancy And Evolving Accommodation Trends

Summer tourism continues to excel, with hotel occupancy rates remaining fully satisfactory and overnight stays in July up by 3% compared to the previous year. This robust performance is complemented by a growing preference among international visitors for Airbnb accommodations, as a significant number of new listings have recently joined the platform.

Ambitious Development Plans Reflect Investor Confidence

Renewed interest in expanding tourism infrastructure is evidenced by the Larnaca Town Planning Department. With 1,295 building permit applications recorded in the first seven months of 2025—a 53% increase from the same period in 2024 and a 73% increase from 2022—the future of Larnaca’s urban landscape is bright. Among these proposals are plans for 20 new boutique hotels in the commercial center, signaling strong investor confidence both locally and abroad.

This strategic alignment of increased visitor capacity and infrastructure development underscores Larnaca’s potential to not just weather seasonal fluctuations, but to emerge as a durable, top-tier destination in a competitive tourism market.

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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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