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Record-Breaking Passenger Traffic At Cyprus Airports: March 2025 Sees Remarkable Growth

by News Editor

March 2025 has proven to be a milestone month for Cyprus’s aviation industry, marking a 5.91% increase in passenger numbers compared to March 2024. Both Larnaca and Paphos airports collectively processed 707,304 passengers, establishing the highest traffic ever recorded for the first quarter of the year.

Analyzing the Traffic Surge

In an official statement, the Ministry of Transport highlighted this continuous growth, echoing the positive trends seen throughout 2024. Specifically, passenger volume at Larnaca Airport surged by 15.17%. Conversely, Paphos Airport observed an 11.45% decline in travelers year-on-year.

Key Contributors To Growth

The dynamic increase in flights reached 5,921 movements, translating to a 5.85% boost from last year. Greece, the United Kingdom, Israel, Poland, and Germany emerged as pivotal markets in this traffic escalation.

Regional Traffic Insights

Larnaca Airport celebrated significant increases on routes connecting to Israel, Greece, the UK, Poland, and Armenia. Meanwhile, Paphos Airport saw growth in traffic to Germany, Israel, Sweden, Lithuania, and Ireland.

Shifts In Regional Traffic

Despite these improvements, certain regions experienced decreased traffic. Larnaca Airport faced declines from Germany, Austria, France, Lithuania, and Hungary, while Paphos Airport saw reductions from Greece, Italy, France, Hungary, and Bulgaria.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

by THEFUTURE.TEAM

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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