Greek Aegean airlines and Romanian Blue Air, which is partly based in Cyprus, intent to invest in the Iranian market. Aegean has already began to fly to Tehran, offering conection with Cyprus through Athens. Blue Air on the other hand is planning to offer direct flights from Tehran to Larnaca, as the romanian low cost airlines have already granted the necessary permission from the Cypriot and Iranian authorities.
Iran is a vast market of 72 million inhabitants, receiving more than 5 million tourists each year. Following the abolition of the western sanctions, Iran targets to a 500% increase in the number of people visiting the country by 2025. Iran is simultaneously one of the most rapidly developed economies of the planet, and its distance from Cyprus is only 1300 kilometers.
Without the sanctions being an obstacle to a further collaboration between Cyprus and Iran, the challenges and perspectives unfolded appear unlimited and foreshadow a wider collaboration between the two parts in the financial, business and tourish sectors.