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Famagusta Gazette

News From Cyprus

Greece strengthens ties with India through banking and aviation moves

ByFamagusta Gazette

Dec 13, 2025

India is no longer a distant market for Greek businesses, as two major initiatives are set to reshape connections with the world’s fastest‑growing large economy.

Eurobank is finalizing procedures to open a representative office in Mumbai by early 2026. At the same time, AEGEAN Airlines and India’s IndiGo have entered a strategic codeshare partnership. IndiGo has already announced plans to launch direct flights between Athens and India starting in January 2026.

Together, banking infrastructure and air connectivity will create a corridor linking New Delhi and Mumbai with Athens, Nicosia and the rest of Europe.

India, with a population of 1.4 billion, a growing middle class and rapid technological progress, is emerging as a global hub of innovation, production and consumption.

For Greece, seeking new markets and multidimensional partnerships, India represents not only a trade partner but also a cultural and tourism opportunity.

Bilateral trade now approaches $2 billion annually. In 2024, Greek imports from India exceeded $1.1 billion, while exports to India stood at about $130 million.

Famagusta Gazette