Belle Colombo debuts unforgettable Chef’s Table experience

Belle Colombo, dining destination and steakhouse, brought together a selected group of culinary enthusiasts on 1 October for an exclusive Chef’s Table evening that redefined the essence of fine dining.

Set against the sophisticated backdrop of Belle Colombo’s contemporary interiors at Horton Place, the evening was a celebration of creativity, artistry, and indigenous flavours interpreted through a modern lens. Guests were welcomed into an intimate setting that blended understated elegance with warm hospitality, immediately setting the tone for a remarkable night.

The highlight of the event was an exquisite eight-course tasting menu curated by Head Chef Wishmalak, with the option of expertly paired wines to enhance the journey. Each course was presented as a masterpiece, reflecting not only impeccable technique but also a deep respect for local ingredients. The progression of flavours transported diners through a spectrum of textures, aromas, and sensations-leaving many in awe of the artistry and passion infused into every detail.

‘Every dish we create at Belle Colombo is a story,’ said Belle Colombo Head Chef, Chef Wishmalak. ‘With this Chef’s Table, we wanted to take our guests on a journey where indigenous flavours meet modern innovation, creating an experience that is both personal and memorable.’

From delicate amuse-bouches to bold signature creations, the menu revealed a seamless balance between innovation and authenticity. Every dish carried a story, echoing the restaurant’s philosophy of offering ‘an indigenous interpretation of modern cuisine.’ The curated wine pairings added depth and harmony, further elevating the culinary narrative of the evening. Beyond the exceptional food, the ambience at Belle Colombo played a defining role in shaping the experience. Designed to draw focus to the artistry unfolding on the plate while offering the exclusivity of a private gathering, the restaurant created a setting where refined hospitality met modern sophistication. ‘Belle Colombo is more than just a restaurant-it is an experience,’ said Belle Colombo Founder Oshan. ‘Our vision is to bring together refined hospitality, exquisite flavours, and modern artistry to create moments that stay with our guests long after they leave. Being Colombo’s newly opened steakhouse, we are proud to offer inclusivity without compromising on taste, quality, or luxury.’

The Chef’s Table marked a milestone for Belle Colombo, establishing its entry into the city’s dining scene as a pioneering presence in elevated gastronomy. With its vision of transforming indigenous culinary traditions into modern expressions, Belle Colombo is set to become a sought-after destination for both local gourmands and international visitors seeking refined yet soulful dining.

Cyprus Stock Exchange

The Cyprus Stock Exchange (CSE) All Share Index closed at today`s stock exchange meeting as follows:

MEETING DATE: 10/10/2025

INDICES BASE VALUES: FTSEMed=5000, OTHERS = 1000

EURO (pound )

TRADED VALUE 237,638.43

INDEX

VALUE

%DIFF.

VALUE

FTSE/CySE 20

172.410

-0.290

233,198.460

MAIN MARKET INDEX

234.510

0.330

192,321.670

INVESTMENT COMPANIES MARKET INDEX

3,273.120

-0.050

60,654.960

CSE GENERAL INDEX

284.130

-0.250

237,638.430

HOTELS INDEX

1,710.030

0.000

197.880

ALTERNATIVE MARKET INDEX

1,850.300

-1.100

45,316.760

General Government surplus at 4% of GDP or pound 1.39 billion in first 8 months

The preliminary General Government fiscal results, which are prepared by the Statistical Service of Cyprus (CYSTAT) indicate a surplus of pound 1,395.7 mn (4,0% of GDP) for the period of January-August 2025, as compared to a surplus of pound 1,328.9 mn (4,0% of GDP) that was recorded during the period of January-August 2024.

Revenue

——————-

According to CYSTAT, during the period of January-August 2025, total revenue increased by pound 641.1 mn (+6.8%) and amounted to pound 10,102.3 mn, compared to pound 9,461.2 mn in the corresponding period of 2024. In detail, revenue from taxes on income and wealth increased by pound 178.3 mn (+7.1%) and amounted to pound 2,696 mn, compared to pound 2,517.7 mn in 2024. Social contributions increased by pound 243.8 mn (+8.4%) and amounted to pound 3,136.5 mn, compared to pound 2,892.7 mn in 2024.

Property income increased by pound 57.4 mn and amounted to pound 121.8 mn, compared to pound 64.4 mn in 2024. Taxes on production and imports increased by pound 41 mn (+1.3%) and amounted to pound 3,148.2 mn, compared to pound 3,107.2 mn in 2024, of which net VAT revenue increased by pound 47.7 mn (+2.3%) and amounted to pound 2,117.8 mn, compared to pound 2,070.1 mn in 2024.

Revenue from the sale of goods and services increased by pound 97.8 mn (+17.7%) and amounted to pound 651.6 mn, compared to pound 553.8 mn in 2024. Capital transfers increased by pound 45.8 mn (+65.7%) and amounted to pound 115.5 mn, compared to pound 69.7 mn in 2024. On the contrary, current transfers decreased by pound 22.9 mn (-9%) to pound 232.7 mn, from pound 255.6 mn in 2024.

Expenditure

——————–

CYSTAT says that during the period of January-August 2025, total expenditure increased by pound 574.3 mn (+7.1%) and amounted to pound 8,706.6 mn, compared to pound 8,132.3 mn in the corresponding period of 2024.

In detail, compensation of employees (including imputed social contributions and pensions of civil servants) increased by pound 149.3 mn (+6.2%) and amounted to pound 2,544 mn, compared to pound 2,394.7 mn in 2024. Social benefits increased by pound 231.1 mn (+6.8%) and amounted to pound 3,622.8 mn, compared to pound 3,391.7 mn in 2024. Intermediate consumption increased by pound 84.6 mn (+10.1%) and amounted to pound 920.1 mn, compared to pound 835.5 mn in 2024.

The capital account increased by pound 131.8 mn (+22.9%) and amounted to pound 707 mn, compared to pound 575.2 mn in 2024, of which gross capital formation increased by pound 92.9 mn (+19.2%) and amounted to pound 576.7 mn, compared to pound 483.8 mn in 2024 and other capital expenditure increased by pound 38.9 mn (+42.6%) and amounted to pound 130.3 mn, compared to pound 91.4 mn in 2024.

On the contrary, interest payable decreased by pound 2.9 mn (-1%) to pound 287.7 mn, from pound 290.6 mn in 2024. Current transfers decreased by pound 16.6 mn (-3.1%) to pound 527 mn, from pound 543.6 mn in 2024. Subsidies decreased by pound 3 mn (-3%) to pound 98 mn, from pound 101 mn in 2024.

Global architects gather in Colombo for AIA International Conference 2025

Spotlighting Colombo in the global architecture scene, the American Institute of Architects (AIA) International Conference 2025 kicked off yesterday, marking the second time Sri Lanka has hosted this prestigious event.

The conference, themed ‘The Art within Architecture,’ will be held from 9-11 October at Cinnamon Grand Colombo. Its inauguration gathered some of the world’s most celebrated architects, together with other influential local and international personalities, including key representatives from the AIA, local political figures, and ambassadors. Mayor of Colombo Vraie Cally Balthazaar and former President Ranil Wickremesinghe were present as Guests of Honour.

Speaking at the event, AIA National President Evelyn Lee highlighted the necessity of a climate-conscious and human-focused approach to architecture in the delicate and rapidly-changing state of the current world.

‘It’s hard to talk about Sri Lanka’s incredible natural and cultural landscape without thinking about how fragile these gifts are, and how much responsibility we have as architects. Rising sea levels, extreme weather events, and the depletion of natural resources are not abstract challenges; they are real. Their realities shape our work right now.’

She further stressed that, as a global profession, architecture was falling behind and was insufficient with regard to climate action. It was therefore necessary to act with urgency and optimism, designing buildings that both minimised carbon impact and safeguarded human health and wellbeing, Lee said.

The conference included world-class speakers who engaged the audience of professionals in thought-provoking discussions, sharing expertise and perspectives on key industry topics.

Renowned Israeli, Canadian and American architect Moshe Safdie delivered the event’s principal keynote speech, where he reflected on humanity’s evolving relationship with nature in cities. ‘Our connection as a species to nature-our dependence on it-is fundamental to our sense of well-being.’

Safdie traced the arc of urban design from the early 20th century, recalling Ebenezer Howard’s Garden City for Tomorrow, conceived as a reaction to the industrial cities of the 19th century. He explained that, at the time, with a world population of 1.6 billion, the idea of a low-density garden city had appeared realistic. However, today, with 8.2 billion people, the world’s megacities are depriving humans of outdoor spaces and a connection with nature.

He also spoke of his lifelong pursuit to ‘reinvent the apartment building,’ leading to his iconic Habitat 67 in Montreal. ‘The notion here was to have membranes of housing, hills without the hills, terraces upwards, and gardens open to the sky. Every house had its own garden and access to open streets, daylight, and was nature-integrated. This proposal did not get realised because of a shortage of time and funds.’

Safdie explained that subsequent projects across China, Singapore, and Colombo continued this mission to remain vertical living, creating spaces that offered more comfort and connection than the typical apartment block. He called for a return to the principles of the public realm, where the city was a shared space for people and nature.

‘We’ll have to find a way to bring nature back into the city. It goes well beyond the idea of a green city-it is also about making the enjoyment of nature fundamental to the conception of the buildings themselves.’

Celebrated US architects Bille Tsien, Elizabeth Chu Richter, and David Richter, and leading Sri Lankan architect Channa Daswatte also delivered keynotes on Day 1 of the conference. Sri Lanka Tourism Development Authority (SLTDA) Chairman Buddhika Hewawasam also delivered a speech during the event.

AIA International Country Representative Nela De Zoysa spoke on the journey of bringing together this international conference in Sri Lanka.

She explained that the absence of an established chapter in the country had posed challenges, but the Sri Lankan team and members had been able to successfully overcome them. ‘Despite limited funding and numerous setbacks, it was the dedication of our committee and volunteers that made this conference possible.’

During the AIA International Conference 2025 in Sri Lanka, guests are also able to experience architectural tours revealing Sri Lanka’s UNESCO World Heritage sites, tropical landscapes, and the masterpieces of Geoffrey Bawa, one of Asia’s most influential modern architects.

AIA International President Yew Kee Cheong noted that the theme for this year’s conference, ‘The Art within Architecture,’ felt fitting as guests from different foreign countries experienced Colombo’s ‘chaotic energy with startling contrast in art and architecture.’

‘This flagship event is a leadership platform, with each conference leaving behind different legacies and developing approaches relevant to its culture and context. It has strengthened the AIA’s branding, promoting visibility in every region hosted by each city.’

The AIA is a US-based professional organisation that exists to protect and serve architects and design professionals, monitor legislative issues that impact the public and the profession, and recognise and promote excellence in architectural design, technology, and design-related issues. AIA International, formed in 2012 as AIA International Region, is a component of the Institute.

Cyprus Department of Meteorology – Forecast for the Sea Area of Cyprus (C)

CYPRUS DEPARTMENT OF METEOROLOGY

FORECAST FOR THE SEA AREA OF CYPRUS (C)

FOR THE PERIOD FROM 1800 10/10/2025 UNTIL 1800 11/10/2025

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1018hPa (hectopascal)

Weak low pressure is affecting the area. The weather will be at times partly cloudy.

Visibility: Good

Sea surface temperature: 26°C

Warnings: NIL

AREA

PERIOD

WIND

STATE OF SEA

West Coast

Night

Northwest to Northeast 3

Smooth to Slight

Morning

Northeast to Southeast 3, gradually Southwest to Northwest 3 to 4

Slight

Afternoon

West to Northwest 3 to 4, at times locally 4

Slight

South Coast

Night

Northwest 3, at times offshore 3 to 4

Smooth to Slight

Morning

Northwest to Northeast 3, gradually Southeast to Southwest 3 to 4

Smooth to Slight

Afternoon

Southwest 3 to 4, at times locally 4

Slight

East Coast

Night

West to Northwest 3

Smooth to Slight

Morning

Northwest to Northeast 3, gradually Northeast to Southeast 3

Smooth to Slight

Afternoon

South to Southwest 3 to 4, at times offshore 4

Slight

North Coast

Night

Southeast to Southwest 3, at times offshore Northwest 3

Smooth to Slight

Morning

Southwest to Northwest 3, at times locally 3 to 4

Slight

Afternoon

West to Northwest 3 to 4, at times locally 4

Slight

CSE rebounds, turnover tops Rs. 13 b

Colombo stock market rebounded yesterday to close on the up with turnover exceeding Rs. 13 billion amid upbeat investor sentiment following the IMF’s positive review of the ongoing program. The ASPI gained 0.35%, up 76.75 points to 22,174.74 but the active S and P SL20 ended a marginal 0.84 points to lower at 6,162.38, down 0.01%. Turnover was Rs. 13.3 billion on more than 918.2 million shares traded. Foreigners were net buyers with a net inflow of Rs. 252.5 million, compared to Rs. 196.2 million outflow the previous day.

First Capital Research said reversing the previous session’s profit taking position, Colombo Bourse exhibited buying sentiment during the day. ASPI ended in green territory and ended the day at 22,175, gaining 77 points, largely contributed by the upward movement in blue-chip companies. COMB, DIMO, BUKI, CARS and WIND were the top positive contributors to the index. Turnover stood at Rs. 13.3 billion reflecting an increase of 90% compared to the monthly average that stands at Rs. 7 billion.

Banking sector took the lead in terms of sector wise contribution to the turnover, with a share of 48%, while Diversified Financials sector and Capital Goods sector jointly contributed 23%. A noteworthy contribution from HNW participants was observed, mainly driven by profit-taking in COMB, with an off-board transaction accounting for 40% of today’s turnover.

The positive investor participation could have been backed by IMF’s disclosure on reaching a staff-level agreement on the fifth review under Sri Lanka’s extended fund facility agreement.

Moreover, investor participation was observed on penny stocks. Foreign investors turned net buyers, recording a net inflow of Rs. 252.5 million. NDB Securities said ASPI closed in green as a result of price gains in counters such as Commercial Bank, Diesel and Motor Engineering and Bukit Darah with the turnover crossing Rs. 13.3 billion. Meanwhile, the S and P SL20 edged down. Crossings were witnessed in Commercial Bank, Cargills and Diesel and Motor Engineering, accounting for 54.8% of the turnover. Mixed interest was observed in John Keells Holdings, SMB Leasing and UB Finance Company whilst retail interest was noted in Kotagala Plantations Rights, Hela Apparel Holdings and Waskaduwa Beach Resort.

Foreign participation in the market activity remained at subdued levels with foreigners closing as net buyers. The Banking sector was the top contributor to the market turnover (due to Commercial Bank) whilst the sector index gained 0.75%. The share price of Commercial Bank increased by Rs. 6.25 (3.17%) to close at Rs. 203.25. Diversified Financials sector was the second highest contributor to the market turnover (due to SMB Leasing) whilst the sector index increased by 0.78%.

The share price of SMB Leasing recorded a gain of 30 cents (42.86%) to close at Rs. 1. Diesel and Motor Engineering, John Keells Holdings and Cargills were also included amongst the top turnover contributors. The share price of Diesel and Motor Engineering gained Rs. 552 (27.47%) to close at Rs. 2,561.75. The share price of John Keells Holdings moved down by 60 cents (2.79%) to close at Rs. 20.90. The share price of Cargills appreciated by Rs. 17.25 (2.30%) to close at Rs. 767.25.

EU to constantly renew its AI preparedness, Commission official tells CNA

EU’s readiness for issues related to artificial intelligence must be constantly renewed with new information, new skills and continuous improvement of models, Christos Ellinides, Director-General of the European Commission’s Directorate-General for Translation (DGT), told the Cyprus News Agency.

The Cypriot official was in Nicosia recently for a conference named ‘Empowering Europe with AI: The European Commission AI-based Multilingual Services’ which was organized in collaboration with the Press and Information Office.

He spoke to CNA about the work at DGT, how ready the EU is in the AI era and the risks and challenges for the press.

Ellinides noted that the EU has now a robust regulatory framework (AI Act) and a clear strategic orientation for AI, and this includes the use of AI in public services, investments/infrastructure (EuroHPC- European High Performance Computing Joint Undertaking ), AI toolkits for administrations and strong skills programs (academies/specialized training in AI, cybersecurity, data, 5G/6G, etc.).

At the same time, he explained, the institutional LLM (Large Language Model) education with European data is progressing, which constitutes a practical step towards technological dominance and linguistic parity.

“We are, however, at a “continuous struggle”. Readiness must be constantly renewed with new information, new skills and continuous improvement of models. In order to enhance our ability for this ”struggle” we currently acquired four supercomputers now in the global top-10 (up from two six years ago) and we are working to create 4-5 gigafactories”, Ellinides told the Cyprus News Agency.

He also mentioned that in the near future the Commission will also present a Data Union Strategy for seamless access to quality, structured data.

Media and AI

—–

Replying to a question whether the media should “fear” AI and whether journalism is at risk and to what extent, the Commission official said that AI is not a competitor, but a power multiplier for the media.

He described it as a toolbox for faster preparation, transcription, translation, summaries and initial drafts, allowing journalists to devote more time and brainpower to research, verification and storytelling.

“However, journalistic diligence is required. I would like to explicitly underline that the results of AI always need to be checked, supervised and verified, and the use must be done in safe, protected environments, just like the services of DG Translation offer,” he said.

Ellinides emphasized that AI becomes an ally of quality information, not a threat to it, while the human factor is not eliminated.

He also explained that the EU’s Apply AI Strategy, announced just recently (October 8), explicitly encourages policies that prioritize AI (“AI-first”) with safe implementation above all else so that organizations, in this case, the media, can responsibly integrate AI, reaping benefits in terms of speed, accuracy and public access to information.

The work of DGT

——

Directorate-General for Translation, headed by Ellinides, is the European Commission’s leading body for linguistic equality and multilingualism.

It has a personnel of approximately 2,000 persons, of whom 70% are language professionals and 30% work in the fields of administration, IT and artificial intelligence.

The staff is mainly distributed in Brussels and Luxembourg. The DG also employs one or two of its representatives in the EU Delegations in the EU member states.

“We provide not only translation, but also a set of multilingual AI-based services (eTranslation, eSummary, eBriefing, eReply, WebText, Accessible Text, speech transcription), with a particular emphasis on security, data protection and access from the entire EU ecosystem,” Ellinides told the Cyprus News Agency.

He explained that the services operate within the EU, without access, storage, reuse and sharing of data, with encryption and the EU Login system. These services, he said, are already being used on a large scale.

“Our strategic goal is that no citizen feels excluded and that we make information available to them in a language they understand faster, more securely and with high quality,” he said.

How does AI help the work of the Translation Directorate

——

As Ellinides explains, AI significantly improves productivity and accessibility to information, but it is accompanied by risks and biases, e.g. in terms of transparency of data use, insufficient language coverage, control, security and quality.

“We face these challenges with strict data governance. As I already said, we process it exclusively within the EU, we do not store it, we do not reuse. We are fully compliant with the AI regulatory framework,” he noted.

Practical governance tools accompanying the strategies are the new AI Act Service Desk for smooth implementation of the AI Act, the Apply AI Alliance for coordination between agencies and the AI Observatory for systematic monitoring of trends and impacts.

“Our goal is to better cover all languages with safety and quality. As Commission President von der Leyen noted, we want the future of AI to be shaped in Europe. Because when AI is used, we can find smarter, faster and more accessible solutions. And the adoption of AI should set priority for security as well,” Ellinides said.

The conference in Nicosia

——

At the conference in Nicosia, co-organised by the Press and Information Office, Ellinides presented the EU policy framework for AI, including the AI Regulation and the 2024-2029 guidelines.

He also presented the three-pillar mission of his Directorate, namely the development of secure, multilingual AI services funded, among others, by the Digital Europe programme, the training and promotion of European Large Language Models (LLM) with institutional multilingual data for better coverage – especially in less represented languages, and the creation of a European Language Area Data.

Tools that are under development were also presented, as well as the integration points, among others, in administrative systems, education, small and medium-sized enterprises, and the media, free of charge and always with a focus on quality, security, and practical utility for public administrations and citizens.

Cyprus joins EU pilot programme for internet users’ age verification

Cyprus has joined the pilot project for the development of a secure and interoperable solution for verifying the age of internet users, a key initiative of the European Commission aimed at protecting minors from harmful digital content, particularly on social media, according to a statement by the Deputy Ministry of Research, Innovation and Digital Policy.

As noted, the decision was announced by the Deputy Minister, Nicodemos Damianou, during the Informal Telecommunications Council of the European Union (EU), held on Friday in Denmark. Protecting children online is not only a regulatory necessity but also a moral obligation for states, said the Deputy Minister, adding that it is time to focus on the mechanisms to implement it.

“Today, our children remain essentially unprotected,” he stressed, adding that they are exposed daily to harmful, addictive, and often illegal content, with serious consequences for their mental health, well-being, and learning progress,” he said.

“The Cypriot government considers it necessary to set a ‘digital age limit’, a clear age below which access to social networks and other digital services is not permitted, and this is something we are seriously considering at the national level,” he added.

According to the Deputy Minister, Cyprus’ participation in this pilot European programme reflects the country’s political will to promote a coherent, common protection policy at the EU level. ‘The protection of minors on the internet is a particularly sensitive and topical issue, and will continue to be a top priority during Cyprus’ upcoming Presidency of the Council of the EU’, stressed Damianou.

Within the framework of the Council, a Ministerial Declaration was also signed supporting the evaluation of the introduction of a Digital Age of Majority, the implementation of age verification mechanisms, and the establishment of standards for safe digital environments, calling for coordinated efforts to create a safe and appropriate digital environment for minors, the statement concludes.

Fintrex Finance partners APTS and Craft Silicon for core banking system

Fintrex Finance Sri Lanka has embarked on a transformative journey in partnership with Asia Pacific Technology Systems (APTS) and Craft Silicon, marking a significant milestone in its digital banking evolution.

The official agreement signing, held recently, formalised the collaboration for the implementation of a state-of-the-art core banking system.

This partnership reflects a shared commitment to innovation, efficiency, and enhanced customer experience. By leveraging Craft Silicon’s globally recognised fintech solutions and APTS’s expertise in technology integration, Fintrex Finance aims to modernise its banking operations, streamline processes, and deliver seamless financial services to its customers.

The agreement signifies more than just a business collaboration; it embodies a unified vision of excellence and forward-thinking in the financial sector. Stakeholders from Fintrex Finance, APTS, and Craft Silicon were present at the signing ceremony, celebrating the beginning of a strategic alliance that promises to reshape the banking landscape in Sri Lanka and beyond.

EIB to fund defensive infrastructure and anti-drone technologies, Calviño tells Costa

In a letter sent by the President of the European Investment Bank (EIB) Group, Nadia Calviño, to the President of the European Council, António Costa, which was obtained by CNA, the EIB confirms – ahead of the European Council meeting on October 23-24, 2025 – its intention to give “special attention to the Eastern flank of the Union, anti-drone technologies, as well as military mobility and the protection of critical infrastructure.”

Following the informal summit in Copenhagen, the EIB is “exploring i) targeted actions for military mobility corridors identified by the Commission together with the Member States, in close cooperation with NATO, ii) the construction and reinforcement of significant infrastructure to strengthen the Eastern flank, and iii) supporting with urgency initiatives to protect our citizens, cities, and critical infrastructure against hostile drones.”

The EIB Group is committed to “fully playing its role in supporting Europe’s security, autonomy, and resilience, with concrete actions that will soon begin to have a clear impact on the ground.” As the Commission advances with the Defense Roadmap, the Bank is “ready to contribute with experience and resources to ensure its successful implementation.”

The EIB has already allocated pound 2.5 billion to over 30 significant projects, with the process from initial project assessment to signing accelerated to six months. The EIB’s portfolio covers five key areas: reinforcing Europe’s critical infrastructures, such as military centers, ports, and transport corridors; strengthening the industrial capabilities of the European defense industry, including the production of equipment for drones and counter-drone technologies; supporting research and development in new technologies, such as radar, electronic defense, and biodefense; facilitating access to financing for small and medium-sized enterprises operating in the defense sector; and strengthening an ecosystem of specialized private investment funds to support the security and defense industry.

“We are working increasingly closely with the European Commission, the European Defence Agency, Member States, and NATO to ensure our work supports European priorities, as outlined in the White Paper for European Defence Readiness 2030. Additionally, we are cooperating to ensure complementarity between the Security Action for Europe (SAFE) and EIB funding, maximizing the impact of available public resources at the EU level,” Calviño adds in the letter.

The EIB welcomes the amendments proposed through the Defence Omnibus and the extension of the InvestEU advisory mandate for security and defense. It states that this should meet three key objectives: sufficiency and speed, predictability and flexibility, and simplicity and efficiency, while including quantum technology, artificial intelligence, biotechnology, robotics, and advanced manufacturing systems. “However, a further increase in available funding for technical assistance for infrastructure projects by the Commission will be much needed to support the early stages of project development and get new projects off the ground, particularly on the Eastern flank,” the President emphasizes.

In closing, Calviño calls on Costa for the continued support of the 27 Member States, anticipating “progress in system standardization and procurement centralization so that Europe can successfully face any security challenges.”