Paphos Embarks on EU Project to Revolutionize Tourism Sustainability

by News Editor

May 20, 2025

Paphos has partnered with nine other European regions to join the EU-supported Smart-Tour initiative. This venture aims to revolutionize digital and sustainable tourism, steering Paphos towards a visionary destination.

The 36-month endeavor involves the Paphos Regional Tourism Board (Etap) and emphasizes enhancing accessibility, digital transformation, environmental consciousness, cultural heritage, and creative industries. More about Cyprus’s strategic initiatives can be found here.

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The project, dubbed ‘Smart Tourism – Smart Destinations’, seeks to embed digital solutions in local tourism policies, aspiring to elevate Europe’s tourism landscape.

This ambitious initiative provides essential infrastructure upgrades and the integration of smart tourism practices into regional strategies. With co-funding from the European Union, covering 80% of the costs, the program unites partners from Italy, France, Germany, Hungary, Greece, Romania, Albania, Ukraine, Belgium, and Cyprus.

Paphos anticipates receiving close to €200,000 in EU funding under this scheme.

The inaugural coordination meeting will occur in Heraklion, Crete, from May 20 to 22, with Etap Marketing Officer Lucas Nikiforos representing Paphos.

Explore Cyprus’s growth projections starting in 2025 here.

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CSE Reports March Market Shares As Argus Tops With 30.83%

by THEFUTURE.TEAM

April 7, 2026

Overview

Cyprus Stock Exchange (CSE) reported €31.50 million in share transactions for March 2026, including €11.24 million in pre-agreed trades. Data also cover the first quarter, with total transactions reaching €86.06 million across January to March.

Detailed Market Analysis

CSE provides market share calculations both including and excluding pre-agreed transactions. March figures incorporate these trades, while separate data sets highlight activity without them. Such differentiation reflects varying trading dynamics and offers a clearer view of market structure. Bond values are excluded from percentage calculations.

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Quarterly Performance Metrics

Figures for the January–March period show how market shares shift depending on the calculation methodology. Year-to-date data provide a broader perspective on member activity across the exchange. Inclusion or exclusion of pre-agreed transactions affects comparative positioning. These metrics are used to assess overall performance trends.

Key Participant Performance

Argus Stockbrokers Ltd recorded a 30.83% market share in March, with transactions totaling €9.71 million, placing it first for the month. CISCO Ltd held a 24.54% share in March and ranked first for the quarter with 26.19%. Mega Equity Financial Services Ltd followed with 18.31% in March and 24.08% across the quarter. Additional participants included Eurobank EFG Equities with 8.04% and Atlantic Securities Ltd with 7.46%, contributing to overall market activity.

Aggregate Trading Volumes

Pre-agreed transactions accounted for €11.24 million of March’s total turnover. Overall trading value reached €86.06 million for the first quarter. These figures reflect both negotiated and regular market activity, providing a fuller picture of trading volumes.

Conclusion

CSE data outline the distribution of market shares and transaction volumes across members. Distinctions between pre-agreed and regular trades highlight differences in activity patterns. Reported figures provide a basis for evaluating market structure and participant performance.

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