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Paving the Path to Schengen: Cyprus Sets Its Sights on 2026

Today, the President of the European Parliament, Roberta Metsola, reaffirmed her support for Cyprus during a meeting with the nation’s President, Nikos Christodoulides, at the Presidential Palace. The dialogue emphasized the ambition to make 2026 a hallmark year for Cyprus’ Schengen integration.

A Step Toward Greater EU Integration

Emphasizing strong ties with EU partners, President Christodoulides welcomed Metsola, who was visiting for a singular day of work and collaboration. He expressed gratitude to her for joining the celebration of Europe Day, aiming to spark discussions with Cyprus’ youth about their visions for the European Union.

Strategic Goals for 2026: Schengen Membership

Highlighting the approaching EU Council Presidency, President Christodoulides stated, “We are diligently working towards an ambitious presidency that will bring us closer to achieving significant EU autonomy.” The aspiration is clear: to mark 2026 with Cyprus’ triumph as a Schengen member, which coincides with the 40th anniversary of the Schengen Agreement.

In her fourth visit to Cyprus, Metsola elucidated her frequent presence on the island as a testament to her commitment to supporting Cyprus’ objectives. Reflecting on Cyprus’s active participation in EU elections, Metsola praised the Cypriot electorate’s dedication to the European cause.

Working Together for a Unified Future

The discussion encompassed various facets, including the Cyprus Problem and efforts to rejuvenate negotiations. Metsola assured that the European Parliament stands firmly with Cyprus, advocating for a resolution under UN guidance that supports a bi-communal federation.

As Cyprus aims for reforms and enhancements in opportunities for its youth, the discussions held promise for the island’s progressive journey in the European landscape. Cyprus’ 21 years as an EU member and the impending presidency signify a period of renewal and strategic positioning.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

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.

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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