Low-Income Pensioners In Cyprus Eligible For Subsidized Holiday Scheme

Program Overview

Applications will open on May 25, 2026 for a government-supported holiday program for low-income pensioners in Cyprus. The initiative, approved by the Cabinet on May 13 and implemented through the Ministry of Labour and Social Security, provides fully subsidized accommodation with full board at mountain resorts and the Pyrgos Tyllirias resort.

Scheme Details And Availability

The program offers four-day holiday packages, including three overnight stays with full board. Participants will be able to select either Friday-to-Monday or Tuesday-to-Friday stays during two separate periods running from June 5 to July 31, 2026 and from September 1 to October 30, 2026.

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Eligibility Criteria

The scheme is available to low-income pensioners receiving support through the Pension Enhancement Scheme, beneficiaries of the EEE program and retirees with annual incomes up to €15,500 for individuals and €20,000 for families. Coverage also extends to dependents included under the Pension Enhancement Scheme for low-income pensioners.

Priority Application Windows

Priority during the first application phase, running from May 25 to May 31, 2026, will be given to applicants who did not participate in the program during 2025. Additional priority will also be granted to former prisoners of war, non-conscripts and individuals disabled during the 1974 Turkish invasion who currently receive a monthly honorarium through Social Security services.

Partnership With Travel Agency

The Ministry of Labour and Social Security has engaged ORTHODOXOU TRAVEL under public contracting regulations and in compliance with the General Data Protection Regulation to implement the scheme effectively.

Application Process

Prospective beneficiaries must submit their applications online via the ORTHODOXOU TRAVEL website starting on May 25, 2026. Applications will be accepted until the allocated funding is exhausted, underscoring the urgency for early submission.

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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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