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Sustainable Tourism Takes Center Stage Under Cyprus EU Council Presidency

Sustainable And Resilient Tourism Focus

The Cyprus Presidency of the EU Council has placed sustainable and resilient tourism at the center of its agenda, with a focus on challenges facing Mediterranean destinations. The priorities were discussed at a high-level conference in Nicosia addressing climate action, competitiveness, and long-term tourism strategy in the region.

Strategic Vision Under Cyprus Presidency

Kostas Koumis, Deputy Minister of Tourism, said tourism remains a key priority during the Cyprus Presidency due to its role in economic growth and regional development, particularly for island economies.

Cyprus’s six-month term also provides an opportunity to shape policy direction at the EU level. Current discussions focus on strengthening the sector’s resilience and improving sustainability standards across Mediterranean destinations.

Greece’s Tourism Record And Collaborative Strategy

Greek Deputy Minister of Tourism Anna Karamanli said 2025 was a record year for Greek tourism, with revenues reaching €23.626 billion, up 9.4% compared with 2024. Revenue growth outpaced visitor growth, which officials attribute to higher-value tourism products.

Karamanli described the Eastern Mediterranean as one of Europe’s most dynamic tourism regions, but also one of the most environmentally exposed. Key challenges include seasonality, climate pressure, and marine ecosystem protection. Greece and Cyprus, she said, are aligning strategies around sustainable development.

The planned creation of a Coastal and Marine Tourism Observatory under the World Tourism Organization is intended to strengthen regional cooperation and data sharing.

Environmental Warnings And Call For Collective Action

In a recorded message, King Albert II highlighted environmental risks facing the Mediterranean, describing the region as both heavily visited and environmentally vulnerable.

He warned that further ecosystem degradation could affect both biodiversity and tourism-dependent economies, calling for coordinated action to protect natural resources.

Integrating Climate Action And Circular Economy

Industry representatives said climate action and circular economy principles are becoming central to tourism policy. Dilyor Hakimov, Director of Institutional Relations at UN Tourism, referred to the Glasgow Declaration and the “One Planet” program as frameworks guiding this transition.

Philip Drousis, CEO of the Sustainable Tourism Initiative of Cyprus, noted that tourism accounts for nearly 10% of EU GDP and employment, increasing pressure on the sector to accelerate its green transition as Mediterranean destinations face rising temperatures and water scarcity.

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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