Paralimni-Deryneia: Leading Cyprus with 18 Prestigious Blue Flag Beach Awards

by News Editor

June 5, 2025

The sun-kissed municipality of Paralimni-Deryneia has proudly secured 18 out of the 66 prestigious Blue Flag awards distributed across Cyprus. This remarkable achievement positions the area as the top performer in the recent island-wide ceremony held at the illustrious Fig Tree Bay Beach in Protaras.

Awarded Beaches

Among the honored beaches are Armyropigado, Lombardi, Glyky Nero, and Kapparis, along with several others such as Skoutarospilioi, Agia Triada, and Minas. The municipality continues to elevate visitors’ experience with its pristine swimming areas, now including Konnos Beach, which also received commendation under the Ayia Napa municipality due to boundary sharing.

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Commitment to Quality and Safety

Mayor Giorgos Nikolettos emphasized the municipality’s dedication to enhancing visitor services, urging government support for improved beach safety measures such as increased lifeguard staffing. This commitment resonates with the broader agenda of sustainable development highlighted by the Minister of Agriculture and Rural Development.

Global Recognition and Standards

The Blue Flag is a globally recognized ecological quality symbol, awarded to beaches meeting high standards in water cleanliness and much more. It includes comprehensive criteria covering bather safety, environmental awareness, and preservation of natural heritage, ensuring top-tier quality underlined by stringent guidelines.

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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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