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

by News Editor

April 8, 2025

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.

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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.

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Eurobank Plans €1 Billion Investment In AI And Digital Banking By 2028

by THEFUTURE.TEAM

September 11, 2026

Eurobank plans to invest about €1 billion in technology from 2025 through 2028, its largest technology investment program to date. The Banking Forward strategy focuses on digital banking, artificial intelligence, customer experience and a “phygital” model combining digital services with face-to-face support.

Digital Banking Dominates Customer Activity

Digital channels already account for 96% of Eurobank transactions, with 61% completed through the Eurobank Mobile App. Among customers aged 35 and under, digital adoption reaches 94%.

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Customers make about 574 million annual logins across e/m-banking and more than 1 million digital transactions each day. During the first half of 2026, one in three banking products was acquired digitally.

AI Moves Into Everyday Banking

Eurobank is expanding the use of AI through tools including EVA, its digital customer assistant, and myEVA, an AI-powered voice assistant for employees. The technology is also being applied to mortgage assessments, customer feedback analysis and contractual documents.

The bank’s technology architecture is built around five areas: digital channels, customer experience orchestration, data and AI, core banking, and infrastructure and cloud. About 50% of its applications and digital channels are already cloud-based.

Investment Extends Beyond Technology

The program is intended to reshape how Eurobank operates, combining automation and AI with employee development and human support. The bank says the approach is designed to improve services while maintaining access to face-to-face banking when customers need it.

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