Miltos Forozidis Named Interim CEO At Lidl Cyprus In 2026

by THEFUTURE.TEAM

November 6, 2025

Lidl Cyprus has announced significant management changes slated for early 2026, setting the stage for a transformative phase in its executive leadership.

Transition In The Executive Suite

According to the official company statement, Martin Brandenburger, the current Chief Executive Officer and Chairman of Lidl Hellas and Lidl Cyprus, will step down from his role at the end of February 2026 after four successful years at the helm. Brandenburger is set to embrace a new challenge as he assumes the position of Chief Executive Officer of Lidl Italy and Lidl Malta starting March 1, 2026, thus continuing his influential journey within the Lidl Group.

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Miltos Forozidis Steps Up

Taking over as interim CEO is Miltos Forozidis, who currently serves as Chief Operations Officer of Lidl Hellas and Lidl Cyprus. Forozidis brings 15 years of dedicated service and a wealth of international experience from diverse leadership roles across Lidl Denmark and Lidl Germany, making him a well-prepared candidate to navigate the company through this strategic transition.

A Strong Future Built On Experience

The appointment of Forozidis not only marks a key milestone for Lidl Cyprus but also reflects the company’s commitment to leveraging seasoned leadership expertise in steering its expansion and operational excellence. His extensive managerial background underscores a robust trajectory for sustainable growth and market adaptation in the competitive retail landscape.

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Paphos Tourism Charts Course For Recovery And Strategic Growth

by THEFUTURE.TEAM

March 10, 2026

Optimism Amid Regional Instability

Paphos tourism officials remain confident that the losses incurred due to regional instability will soon be offset, as rebookings are already underway. Michalis Mitas, president of the Paphos Regional Tourism Board (Etap), assured that despite recent disruptions, Cyprus continues to stand as a secure and fully operational destination for travelers.

Stabilization And Forward Planning

Mitas said tourism conditions are expected to stabilize in the coming weeks. Planning for 2026 focuses on improving service quality and strengthening long-term sustainability within the sector. Key priorities include diversifying air connectivity, securing stable year-round flight schedules and further developing specialized tourism segments.

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Diverse Tourism Offerings

The tourism board plans to expand several thematic tourism categories. These include sports tourism, wedding tourism, wellness tourism, agrotourism and travel programs targeting visitors aged over 55. Expanding these segments forms part of a broader strategy to diversify the tourism offering and attract different visitor groups.

Enhancing Visitor Experience And Infrastructure

Several initiatives are planned to improve the visitor experience. These include the development of eco-routes, walking trails and interactive tourism activities across the region. Mitas said attracting international sporting events and other large-scale gatherings remains an important priority. The strategy also includes digital upgrades to tourism services and improved accessibility for visitors with disabilities during the 2026–2028 period.

Addressing Structural Challenges

Tourism development in the region continues to face several structural challenges. Seasonality remains a factor affecting visitor numbers throughout the year. Additional issues include limited public transport connectivity between urban centres and rural areas, labour shortages in the hospitality sector, constrained water resources and rising operating costs.

Service quality also varies among tourism providers. Limited adoption of modern technology and aging hotel and urban infrastructure, particularly in inland areas such as Polis Chrysochous, remain areas of concern for the sector.

Commitment To Sustainable Rural Development

Rural tourism is expected to play an important role in the region’s development strategy. Areas such as Polis Chrysochous are being promoted as destinations that combine tourism development with the preservation of natural landscapes and cultural heritage.

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