Leptos Calypso Hotels Reports Robust Growth And Strategic Expansion In 2025

Strong Financial Milestones

Leptos Calypso Hotels Public Limited, Leptos Calypso Hotels, delivered a particularly satisfactory performance in 2025, registering notable improvements in revenues and operating profits. The group saw an increase of €4.7 million in revenues, with operating profits climbing by 54% at the group level and 81% at the company level. This impressive performance is credited largely to a successful commercial strategy and ongoing enhancements in service standards across its hotel portfolio.

Disciplined Debt Management

The company demonstrated prudent financial management by reducing total borrowings by €6.36 million, lowering its debt from €53.16 million to €46.79 million. This reduction improved the borrowing-to-capital-employment ratio from 40% to 32%, underscoring the group’s commitment to strengthening its balance sheet even amidst a challenging economic landscape.

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Expanding Markets And Elevated Service Offerings

Leptos Calypso Hotels has not only leveraged its core strengths but also expanded into new international markets, including France and Poland. Enhanced digital strategies and improved online presence have contributed to significant booking increases from the British, French, Polish, and German markets. In parallel, ongoing renovations at the Coral Beach Hotel & Resort, Paphos Gardens, and the Basilika Complex continue to elevate guest experiences, while the recently completed Panorama Hotel renovation in Crete has already drawn robust interest from tour operators.

Adapting To Global Challenges

Despite broader geopolitical pressures linked to conflicts in Ukraine, Israel and Iran, the group maintained stable performance throughout 2025. The company noted that rising energy costs, inflation and supply chain pressures continued affecting the wider tourism industry. However, lower visitor numbers from Russia and Ukraine were offset by stronger demand from other international markets.

Diverse Portfolio And Future Outlook

The group’s diversified portfolio continues to strengthen its position within the regional hospitality sector. Alongside flagship properties such as the five-star Coral Beach Hotel & Resort and the four-star Thalassa Coral Bay in Paphos, Leptos Calypso Hotels Public Limited also maintains interests in other tourism enterprises and development projects.

These include indirect stakes in the Panorama Hotel in Crete and projects in Chania, supporting the group’s broader expansion strategy beyond Cyprus. Management said the diversified structure of the portfolio supports financial resilience and positions the group for continued growth as tourist flows remain stable ahead of the upcoming season.

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Eurobank Launches First UPI Cross-Border Payment From Greece To India

by THEFUTURE.TEAM

July 10, 2026

Eurobank has launched its first cross-border payment from Greece to India through the Unified Payments Interface (UPI), marking a new step in the bank’s international expansion and its strategy to strengthen financial ties between Europe and India.

The transaction, completed in cooperation with NPCI International, follows the launch of Eurobank’s new payment service. The inaugural payment was made in the presence of India’s Commerce and Industry Minister Piyush Goyal, Eurobank Chief Executive Fokion Karavias and senior executives from NPCI International.

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A Strategic Bet On India’s Digital Payments Ecosystem

According to Eleftherios Vlachogiannis, Eurobank’s head of transaction banking, the service currently supports outgoing payments by Indian citizens living in Greece to recipients in India, representing the first phase of a broader collaboration with NPCI International.

UPI is operated by NPCI International. By integrating the system into its e-banking platform and mobile app, Eurobank enables customers to make real-time transfers.

“The most important aspect is the philosophy behind the initiative,” Vlachogiannis said. “Instead of creating another closed payment system, we are integrating mature and internationally recognised payment ecosystems into the bank’s services so customers enjoy a simple, secure and modern transaction experience.”

He added: “Innovation creates value when it delivers a genuine benefit for the customer.”

Building A Financial Bridge Between Europe And India

The UPI launch follows Eurobank’s opening of a representative office in Mumbai, making it the first Greek and Cypriot bank with a physical presence in India. The bank has also expanded its presence through the India-Greece-Cyprus Business and Investment Council, a technology centre in Pune and partnerships with Indian institutions.

Vlachogiannis said India’s economic growth and closer ties with the European Union support the bank’s long-term strategy. He also pointed to progress in negotiations on the EU-India Free Trade Agreement.

Mumbai Office Serves As A Regional Business Hub

Eurobank’s Mumbai office supports businesses seeking to establish operations between India, Greece, Cyprus and the wider European market. It provides access to banking services, business networks and market support.

For Greek companies expanding into India, the bank offers international payments, foreign exchange management, trade finance and supply chain finance. Indian businesses investing in Greece, Cyprus or elsewhere in the European Union can also access financing and corporate banking services through Eurobank.

Aiming To Strengthen The India-Europe Corridor

Looking ahead, Eurobank said it will continue investing in technology, international payments, trade finance and partnerships with Indian organisations.

“Our ambition is to act not only as a banking services provider but also as a strategic partner for businesses and investors seeking to benefit from the opportunities created by this dynamic market,” Vlachogiannis said.

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