Cyprus Stock Exchange

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

MEETING DATE: 15/09/2026

INDICES BASE VALUES: FTSEMed=5000, OTH

EURO (pound )

TRADED VALUE:

186.770,10

INDEX

VALUE

% DIFF.

VALUE (pound )

FTSE/CySE 20

185,440

-0,030

182.363,350

MAIN MARKET INDEX

247,480

0,210

123.324,710

INVESTMENT COMPANIES MARKET INDEX

2.730,470

0,220

20.617,670

CSE GENERAL INDEX

315,630

-0,020

182.370,100

HOTELS INDEX

1.965,350

0,080

8.370,000

ALTERNATIVE MARKET INDEX

2.120,050

-0,620

63.445,390

Turnover value in wholesale trade up, motor vehicles down on annual basis in 2Q

An annual increase of 17.8% in wholesale trade turnover value and an annual decrease of 2.5% in the turnover value of sales and repair of motor vehicles was recorded in the second quarter of 2026.

According to the Statistical Service of Cyprus, the Turnover Value Index of Wholesale Trade during the second quarter of 2026 recorded an increase of 17.8% compared to the corresponding quarter of the previous year.

For the same quarter, the Turnover Value Index of Sales and Repair of Motor Vehicles recorded a decrease of 2.5% compared to the corresponding quarter of the previous year.

Strengthening Cyprus-China cooperation discussed at new Ambassador’s – CNA meeting

The importance of further strengthening Cyprus-China relations and cooperation, as well as the role of the media in bringing the two peoples closer, was highlighted by the new Ambassador of the People’s Republic of China to Cyprus, Yang Yundong, during his visit to the offices of the Cyprus News Agency (CNA).

The Chinese Ambassador met with the Chairman of CNA’s Board of Directors Andreas Frangos and the Director Dinos Phinikarides, with discussions focusing, among other issues, on prospects for future cooperation and the role of the Agency in strengthening ties between the two peoples.

Speaking after the meeting, Yang described his visit to CNA as ‘a great pleasure’, saying that he had held a ‘very fruitful, in-depth discussion’ on cooperation between the two sides in the future.

He said China attaches importance to issues concerning Cyprus and noted that the two countries enjoy a high level of political trust, adding that ‘we always support each other on issues.’

The Chinese Ambassador also expressed China’s appreciation for the commitment of the people and government of Cyprus to the One-China policy.

Regarding the Cyprus problem, Yang said that China ‘is very supportive to a just end of Cyprus problem’, adding that Beijing supports efforts to safeguard ‘safety, sovereignty, independence, and integrity.’

Referring to his contacts since taking up his post in Cyprus, the Ambassador said he had been ‘deeply impressed by the warmest hospitality and friendship of Cypriot people’.

He said he had held intensive talks with various departments and people from different sectors and expressed confidence that ‘together, we will push our partnership higher.’

Yang also highlighted the role of CNA, saying that the Agency ‘has played a very important role in connecting our two peoples.’

He noted that CNA maintains close cooperation with China’s Xinhua News Agency and other Chinese media, expressing the hope that, through the efforts of both sides, ‘the two peoples, the people of China, the people of Cyprus, we will become more close to each other.’

For his part, the Chairman of CNA’s Board of Directors welcomed the Chinese Ambassador to the Agency’s premises and briefed him on CNA’s role in the Cypriot media landscape.

He also stressed the Agency’s commitment to the One-China policy and underlined the importance of the media in providing accurate and fact-checked news to subscribers and the public.

Frangos said he believed there was a willingness to bring the peoples of China and Cyprus closer through various initiatives and to benefit from the knowledge and achievements China has developed over the years.

He thanked the Ambassador for his visit, stressing that CNA is open to learning new things and to developing a mutually beneficial cooperation.

Papaellina highlights Cyprus-China cooperation in protecting cultural heritage

Deputy Minister of Culture, Clea Papaellina, highlighted the significance of the cooperation between the Republic of Cyprus and the People’s Republic of China in protecting cultural heritage, during her address on Tuesday at a joint workshop on ‘Archaeological Science’ of the National Centre for Archaeology (NACA) and The Cyprus Institute (CyI) that took place in Nicosia.

Papaellina noted that “the regular exchange of professionals and academics in the fields of Archaeology and Heritage Management provides valuable opportunities not only for the exchange of expertise and the development of academic thought, but also for strengthening our understanding of the common values that connect our two countries.”

She further pointed out that “the Republic of Cyprus, through the Department of Antiquities, the competent authority for the protection, preservation and promotion of the archaeological heritage of Cyprus, has a long-standing history of bilateral cooperation with the People’s Republic of China.” She also said that in 2014, the two countries signed an Agreement on ‘Preventing the Theft, Clandestine Excavation and Illicit Import and Export of Cultural Property’, which remains in effect to this day. ”This agreement has provided an important framework for our cooperation in safeguarding our archaeological heritage,” she added.

Culture Deputy Minister went to say that ”as part of this cooperation, a number of exchanges between professionals and institutions from our two countries have taken place, further strengthening our shared commitment to the protection of cultural heritage.” She further noted that a particularly important milestone was the official visit of the Vice Minister of Culture and Tourism and the Administrator of the National Cultural Heritage Administration of China to Cyprus, in May 2023.

”As an outcome of this visit, a Memorandum of Understanding is being prepared for the exchange of expertise in the conservation of wall paintings. This is a particularly important development, as it opens new avenues for our specialists to share knowledge, experience and best practices in the preservation of our common cultural heritage,” she emphasised.

She also recalled that in 2015 a temporary exhibition entitled ‘The Qin-Han Dynasties of China and Roman Cyprus: Aspects of Life of Two Distant Worlds’ was held at the Archaeological Museum of the Lemesos District, co-organised with Arts Exhibition China.

”Such initiatives demonstrate that archaeology is not simply about the study of the past. It is also a means of bringing people and cultures together. Through the study, preservation and presentation of our cultural heritage, we can better understand one another and build lasting bridges between our societies,” Clea Papaellina pointed out.

In addition, she congratulated Dr Stavros Malas and the entire team of the Cyprus Institute for their tireless work and their important contribution to the promotion of Cyprus’s archaeological heritage. ”Through their efforts, they are showcasing the remarkable work currently being carried out in Cyprus in the fields of cultural heritage protection and archaeology, while also contributing to the development of new and innovative approaches to the study and preservation of our past,” she noted.

”Ancient civilisations may belong to the past, but the knowledge, values and cultural connections they have left us continue to shape our future,” she added.

Over 5,000 unaccompanied Cypriot children from 1974 may have been hosted in Greece

More than 5,000 unaccompanied Cypriot children may have been transferred to and hosted in Greece between 1974 and 1979, compared with an officially recorded figure of 2,000, figures presented on Tuesday before the parliamentary committee on refugees indicate.

The figures were presented by Andreas Theodosiou, president of the Association of Unaccompanied Children Hosted in Greece 1974-1979.

Speaking after the committee meeting, Theodosiou said official data from the Ministry of Education put the number of children at 2,000. However, he said Ministry records also point to another figure, which exceeds 5,000.

He attributed the discrepancy to the fact that many children left for Greece at the time without being officially registered, as parents, relatives or other people accompanied or transported them in an effort to remove them from the conditions prevailing in Cyprus following the Turkish invasion.

He said the association, through its activities and research, is identifying people who were children at the time and were transferred to Greece but were not included in the official records.

Theodosiou said the first group of children left for Greece on Sept. 21, 1974, and, according to official figures from the Ministry of Education, comprised 192 children.

He added, that in his estimate and based on information being collected through the association’s research, the number of children in the first group may have exceeded 600.

Finally, he said children from that period were transferred, among other places, to Ilia, Kareas, Volos and Thessaloniki, adding that testimonies continue to emerge from people who say they were sent to Greece at the time without being officially registered.

Police seize over 389 kg of ketamine in Limassol in last few days

The Cyprus Police have seized over 389 kilogrammes of ketamine over the last few days in Limassol following coordinated operation between the Drug Law Enforcement Unit (YKAN) and the Financial and Cybercrime Division (FCID).

Police first located and seized over 126 kilogrammes of ketamine on Saturday, September 12, along with other drugs in smaller quantities, cash and other evidence, at two residences in Limassol. Two couples who were living at the residences, two men aged 53 and 50 and two women aged 51 and 31 were arrested and remanded in custody for eight days under a court order issued on Monday, September 13, by the Limassol District Court, to facilitate the ongoing police investigation.

On Monday, YKAN seized a new large quantity of ketamine on Monday, of a total gross weight of 263.5 kilogrammes.

The drugs were located in a warehouse in Limassol following the assessment of information obtained during the investigation.

Weather Temperature for Cyprus

Weather Temperature for Cyprus

Today’s weather and temperatures for Cyprus according to the Department of Meteorology

Date 15/09/2026

Station

TEMPERATURE (C) (FROM 20:00 PC of the previous one until the time of the show)

Humidity at

1200 UTC

Highest

Lowest

Nicosia (Athalassa)

35

20

24

Larnaka Airport

33

22

63

Limassol (New Port)

31

20

57

Pafos Airport

31

23

65

Frenaros

33

23

49

Prodromos

28

17

44

Polis Pafos

33

22

53

Cyprus and UK agree next steps on shipping cooperation

Cyprus and the United Kingdom have agreed on the implementation of the Memorandum of Cooperation in the field of shipping, during a meeting in London on Tuesday afternoon between Cyprus Deputy Minister of Shipping Marina Hadjimanolis and her British counterpart, UK Maritime Minister Keir Mather.

In a statement to CNA, Hadjimanolis said that during the bilateral meeting the two sides agreed on the next steps for implementing the Memorandum of Cooperation signed between the two governments. The two ministers also exchanged views on the challenges currently facing global shipping and discussed ways to further strengthen cooperation between Cyprus and the United Kingdom in the maritime sector.

Hadjimanolis concluded a two-day working visit to London, during which she also participated in the 18th Annual Capital Link Shipping and Marine Services Forum.

The Deputy Minister and her British counterpart took part, alongside Dr Nikolas Tsakos, in a panel discussion focusing on issues affecting the international shipping community.

Speaking to CNA, Hadjimanolis noted that Capital Link provides an important platform bringing together governments and the private sector to exchange views on developments and challenges facing global shipping.

During her stay in the British capital, the Deputy Minister also held a series of meetings with senior executives of shipping companies, aimed at strengthening cooperation and further promoting the Cyprus registry and Cyprus as an international shipping centre.

PRESS RELEASE – EUROPEAN COMMISSION

The European Commission and the European University Institute are launching the Energy Regulation Academy (EnRA), a new EU-funded initiative designed to help national authorities translate electricity market reforms into practical results across all Member States.

The Academy aims to strengthen the workforce and institutions responsible for implementing energy rules to deliver faster positive impacts for citizens and industry. As the EU accelerates the transition to a more resilient, sustainable and competitive electricity system, the EnRA will provide specialised training, peer exchange and tailored support to public sector professionals working in regulatory authorities, ministries and other public bodies.

Europe’s electricity sector is undergoing major changes amid significant geopolitical developments. Recent reforms are influencing the electricity market design, renewable energy investment, grid planning and permitting, system flexibility, digitalisation and consumer protection. However, the effectiveness of these reforms depends largely on the capacity of national authorities to implement legislation swiftly, develop the efficient regulatory tools and adapt their institutions and working methods.

Hence, the EnRA has been created to meet this need by placing public sector professionals at the centre of the energy transition. Its objective is to support timely, high-quality implementation of reforms and help turn EU policy into concrete action and benefits on the ground.

Over the next three years, the Academy will offer a comprehensive programme for professionals from all Member States. This will include specialised training courses on focus areas, regional workshops on shared cross-border challenges and solutions, tailored consultations for country-specific or regional reform needs, and practitioner-focused technical briefs explaining policy developments and links with other policy areas in accessible terms.

Beyond training, the Academy aims to create a European community of practice, enabling professionals to learn from each other’s experience and strengthen regulatory cooperation across borders.

The EnRA is funded by the EU through the Technical Support Instrument and implemented by the Florence School of Regulation in cooperation with the Commission’s Reform and Investment Task Force.

You can find more information online.

(For more information: Maciej Berestecki – Tel: +32 229-66483; Anna Wartberger – Tel.: +32 2 298 20 54)

Commission backs pound 40 million EIB investment in Finnish small modular reactor technology

With the support of the European Commission via the InvestEU programme, the European Investment Bank (EIB) is investing up to pound 40 million in Finnish nuclear-technology company Steady Energy to help it develop a small modular reactor (SMR) designed to provide carbon-free heat for cities and industry. In line with the Commission’s SMR Strategy from March 2026, the investment from the EIB – its first ever investment in SMR technology – contributes to having Europe’s first SMRs and Advanced Modular Reactors (AMRs) operational by the early 2030s. The project will support the EU’s competitiveness and leadership in clean-energy technologies, contribute to energy security, and help reduce dependence on fossil fuels while expanding access to affordable, carbon-free energy.

Backed by the InvestEU programme, the loan will fund research, testing, and licensing activities in Finland from 2026 to 2028. Steady Energy’s technology would connect directly to district heating networks, offering an alternative to heat produced from coal, natural gas, and biomass. Unlike conventional nuclear power plants, it is designed to produce heat rather than electricity, reducing conversion losses and allowing heat to be delivered directly to homes and businesses. Steady Energy is a member of the European Industrial Alliance on SMRs.

(For more information: Siobhan McGarry – Tel.: +32 2 296 47 98; Rya Perincek – Tel.: +32 2 299 49 03)

European Union launches Copernicus Sentinel-3C to support Earth monitoring and disaster response

Today at 03:21 CET, the European Union successfully launched Copernicus Sentinel-3C from Europe’s Spaceport in Kourou, French Guiana, in close cooperation with the European Space Agency and Arianespace. The satellite established its first contact with the Earth at 04:33 CET, confirming that it is in good health.

The Sentinel-3C will ensure the continued delivery of cutting-edge Earth observation data and services through the Copernicus programme, supporting public and private users worldwide. By expanding Europe’s ability to monitor the health of oceans, land, atmosphere and climate, it will help public authorities, scientists and businesses address environmental challenges and respond to natural disasters.

The mission will deliver essential data on sea surface temperature, sea level and ocean currents, which are essential contributions to ocean observation and the OceanEye initiative. It will monitor wildfires, droughts, vegetation health, harmful algal blooms and coastal water quality, as well as land surface temperature, heatwaves, polar ice and climate change. These data support a wide range of applications, including in emergency response, marine safety, agriculture, water management, climate monitoring and weather forecasting.

After several months of commissioning and calibration, the satellite will become fully operational and begin delivering Earth observation data to users around the world. It will ensure the continued full operational capacity of the Sentinel-3 mission. More information is available online.

(For more information: Thomas Regnier – Tel. + 32 2 299 10 99; Nika Blazevic – Tel. + 32 2 299 27 17)

Team Europe commits over pound 57 million to boost green hydrogen, minerals and metals value chains in South Africa

At the Africa Green Hydrogen Summit today in Cape Town, Team Europe launched two new Global Gateway projects in South Africa to leverage investments and strengthen cooperation on green hydrogen, critical raw materials and sustainable industrial value chains. With over pound 57.8 million, these projects will help South Africa unlock investment and capture more value domestically from its mineral and metal resources, while building solid foundations for a green hydrogen economy.

Both projects are part of the Team Europe Global Gateway Investment Package announced by President of the European Commission Ursula von der Leyen in October 2025 to support South Africa’s sustainable future.

Commissioner for international partnerships Jozef Síkela said: ‘These two Global Gateway projects show how Team Europe, together with South Africa, can create the right conditions for private investors to enter markets with high potential and deliver solutions that boost sustainable development. By mobilising investments in renewable hydrogen, sustainable minerals and metals value chains, it supports the transformation of South Africa’s renewable energy potential into benefits for its companies and people with quality jobs in a competitive and decarbonised industry’.

The first project will support the development of value chains for critical raw materials and batteries, renewable and low-carbon hydrogen, processed metals and minerals in South Africa. This will include easier access to investment for local businesses, support to research and development, and capacity development.

The second project focuses on mobilising investment in South Africa’s green hydrogen sector. It will help turn promising projects into bankable investments and reduce financing barriers. It will also deepen cooperation on the clean energy transition to the benefit of businesses, including local ones.

In practice, Team Europe will support South Africa through a combination of grants, equity and concessional finance, alongside technical assistance and policy cooperation.

The initiatives bring together the European Union, Germany, Denmark, and the Netherlands, and are implemented by Germany’s development agency GIZ and Germany’s development bank KfW, in close partnership with South African public institutions and development finance actors.

(For more information: Guillaume Mercier – Tel.: +32 2 298 05 64; Jennifer Sanchez Da Silva – Tel.: +32 2 295 83 16)

Joint Statement on the International Democracy Day

On the occasion of the International Day for Democracy, Executive Vice-President Henna Virkkunen, High Representative Kaja Kallas and Commissioner Michael McGrath have issued the following joint statement:

‘Democracy is built on the ability of people to shape the decisions that affect their lives. It is sustained through dialogue, differing opinions and compromise, and reinforced by everyday acts of participation, responsibility and courage. It endures through citizens casting votes with confidence they will count; judges delivering justice independently of political pressure; journalists reporting in the face of intimidation; and in those who take to the streets to demand accountability, respect for human rights and the protection of their fundamental freedoms.’

‘On this International Day of Democracy, we reiterate the European Union’s commitment to all those working to uphold democratic values. With democracy under such heavy pressure, seizing opportunities for democratic progress requires strong partnerships, across regions, amongst governments, and with international organisations, civil society, and independent media. The true strength of democracy is in the people who defend it every day. The European Union will always support those who do.’

The full statement can be found online.

Strengthening democratic resilience will also feature prominently in the European Citizens’ Panel starting this Friday, where 150 randomly selected EU citizens will come together to draft recommendations to the EU. All citizens can contribute to the deliberations via the Citizens’ Engagement Platform .

(For more information: Anouar EL Anouni – Tel.: +32 2 291 35 80; Markus Lammert – Tel.: +32 2 296 75 33; Xavier Cifre Quatresols – Tel.: +32 2 297 35 82; Cristina Torres Castillo – Tel.: +32 2 299 06 79)

Commission appoints a new Director in its Directorate-General for Taxation and Customs Union

The European Commission appointed today Anne-Françoise Mélot as Director in charge of Resources and General Affairs within its Directorate-General for Taxation and Customs Union (DG TAXUD). This department is responsible for EU policies on taxation and customs and has a critical role in supporting a swift economic recovery and the transition to a greener, digitalised and fairer economy in the EU. The date of effect will be determined later.

With over 25 years of professional experience in the European Commission, Ms Mélot brings extensive expertise in financial management, risk management, internal control and audit-related matters, complemented by a strong understanding of regulatory and enforcement issues. She has a strong management track record, having led sizeable teams, overseen human and financial resources, and steered organisational change, including the restructuring of the IT portfolio of the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA).Throughout her career, she has also played a key role in complex negotiations and stakeholder engagement, notably with Member States on the 4th Anti-Money Laundering Directive and the plurilateral treaty terminating intra-EU bilateral investment treaties, while also representing the Commission in international fora. Her strong analytical, organisational and management skills, combined with her ability to oversee resources, drive change and handle complex files, provide a solid foundation for leading the Directorate for Resources and General Affairs and its wide-ranging responsibilities.

Anne-Françoise Mélot, a Belgian national, is currently Head of Unit for IT, Finance and Internal Control in DG FISMA. Previously, she served as Head of Unit for Free Movement of Capital and Application of EU Law and as Deputy Head of Unit for Company Law, Corporate Governance and Social Responsibility, as well as for Accounting and Financial Reporting, in the same Directorate-General. Earlier in her career, she held different positions in DG FISMA and the Directorate-General for Economic and Financial Affairs in roles related to risk management and financial instruments. Before joining the European Commission in 2001, she worked in the private sector as an auditor.

(For more information: Balazs Ujvari – Tel.: +32 2 295 45 78; Isabel Otero Barderas – Tel.: +32 2 296 69 25)

European Mobility Week 2026 promotes sustainable mobility for all generations

From 16 to 22 September, more than 2,500 towns and cities will participate in the European Mobility Week, the European Commission’s annual flagship campaign promoting sustainable urban mobility.

This year’s theme, ‘Mobility for Everyone’, places intergenerational fairness at the heart of the campaign. It highlights the need to ensure that people of all ages can access sustainable transport, regardless of their income, location, gender or abilities. The European Mobility Week campaign invites participants to envision transport systems that are accessible, inclusive and responsive to every current and future generation. To this end, discussions and dedicated events will bring organisers and participants together to exchange ideas on how to make urban mobility more sustainable, what are the main challenges, and how Europeans can overcome them.

Among the thousands of events, the week’s activities feature a Car-Free Day in numerous towns and cities across Europe, creating space for bike tours, walks, and dance events. This year’s theme will be also reflected in sports games and cycling sessions for all ages. Educational activities will invite pupils to share their vision for the city’s streets. The week will also mark the inauguration of new permanent measures to promote sustainable mobility in towns and cities, including bicycle ramps on staircases and expanded 30 km/h zones.

Apostolos Tzitzikostas, Commissioner for Sustainable Transport and Tourism, will launch the European Mobility Week at an event today, 15 September, in Strasbourg. He will be joined by Virginijus Sinkevicius, Vice-Chair of the European Parliament’s Committee on transport and former Commissioner for the Environment, and Catherine Trautmann, Mayor of Strasbourg.

Find out more about the planned European Mobility Week activities in a town or city near you.

Apostolos Tzitzikostas, Commissioner for Sustainable Transport and Tourism, said: ‘The European Mobility Week is a reminder that transport must work for everyone. This year, our campaign’s focus is on intergenerational fairness. We need accessible, affordable and reliable mobility solutions that connect people of all ages to services, jobs, education, and each other. A fairer, cleaner and more user-friendly transport system means more opportunities, greater independence and stronger communities across Europe.’

For more information: Anna-Kaisa Itkonen – Tel.: +32 2 295 75 01; Anni Juusola – Tel.: +32 2 296 09 86)

Commissioner Hansen travels to Ireland to host youth policy dialogue, and attends the National Ploughing Championships

On Thursday, 17 September, Commissioner for Agriculture and Food, Christophe Hansen will travel to Ireland to host his third youth policy dialogue and attend the 95th National Ploughing Championships. This is Ireland’s largest outdoor agricultural event, taking place in Screggan, Tullamore, in County Offaly, from 15 to 17 September.

Commission officials will also be present at the championship with a stand, to answer questions and exchange ideas on the Vision for Agriculture and Food, the Common Agricultural Policy and the future of farming, among others. The Championship brings together farmers, rural communities, businesses, researchers and policymakers to celebrate Irish and European agriculture. The event welcomes up to 300,000 visitors every year.

During his trip, Commissioner Hansen will also chair the third Youth Policy Dialogue on the Generational Renewal Strategy for Agriculture and the EU Livestock Strategy in Dublin, Ireland.

The third dialogue aims to get participants’ views to inform the implementation of the EU Livestock Strategy, reflecting different Member State realities, with a specific focus on Ireland. Participants will identify what specific solutions at EU and national level are effective. They will also discuss key challenges and opportunities for young livestock farmers and for generational renewal in the sector, also in view of different livestock sub sectors, the role of innovation, digitalisation, and sustainability.

Youth dialogues are part of the European Commission’s commitment to mainstream the voice of young people in EU policymaking, as set out in President Ursula von der Leyen’s Political Guidelines for 2024-2029. These dialogues are important to ensure that young people’s voice is heard and engages them in EU policymaking.

(For more information: Louise Bogey – Tel.: +32 229-69776; Paula Clara Ritter-Moschtz – Tel.: +32 2 296 40 83)

Tentative agendas for forthcoming Commission meetings

Note that these items can be subject to changes.

Upcoming events of the European Commission

Eurostat press releases

Calendar items of the President and Commissioners

Individual calendars of the President and Commissioners

Commission proposes ambitious measures to strengthen fair labour mobility

Today, the European Commission adopted the Fair Labour Mobility package to guarantee clear social rights for everyone, everywhere in the EU, regardless of where they choose to live and work.

The package will enable workers to prove and claim their social security and health insurance rights, and have their qualifications understood everywhere in the EU and formally recognised where the profession is regulated. New rules and tools will better protect mobile workers from abuse and remove slow and complex administrative procedures that hinder companies from recruiting talent or providing services across the EU. National administrations will benefit from more efficient cooperation to enforce workers’ rights and to fight fraud.

Commission President Ursula von der Leyen said: ‘The single market must also become a genuine skills market with more opportunities for workers and businesses. And that is what this package sets out to do – tackling two of the Terrible ten barriers and making the most of the talent we have in Europe, and attracting more. Simplification and stronger enforcement go hand in hand – skills, recognition and protection will move seamlessly across borders. A win-win.’

The package includes a Communication on fair labour mobility and five legislative proposals:

A Regulation establishing a European Social Security Pass;

A ‘Skills Portability Act’, a Regulation on digital and comparable qualifications;

A Regulation to strengthen the European Labour Authority;

An amending Directive on professional qualifications; and

A Directive on qualifications of third-country nationals.

Once fully in place, the package will deliver an estimated pound 6 billion in benefits by 2040, by faster recognition of professional qualifications, real time verification of social security documents and other savings for business, workers and authorities, as well as by fraud avoidance.

Using digital documents across borders

The European Social Security Pass (ESSPASS) will enable people to request and receive social security documents fully online, including the European Health Insurance Card and portable document A1 for posted workers.

Through the EU Digital Identity Wallet, people moving to another EU country will be able to store and present these documents digitally, while administrations will be able to verify them quickly and securely. This digital space will be available to people and companies across the EU by the end of the year.

Over 12 years, digitalisation could save up to pound 64 million for businesses, pound 69 million for healthcare providers, and pound 72 million for labour inspectors through faster cross-border verification. Digital signatures could avoid up to pound 277 million in fraud over the same period.

Helping skills and qualifications travel across borders

Qualifications will be issued in a standardised digital format and be available in the EU Digital Identity Wallet. This will make it easier to verify the authenticity of qualifications. The Commission also proposes to provide a new EU qualifications comparison tool, drawing on information from national qualifications databases. This will give employers and workers a simple, free way to understand and compare qualifications across Member States.

The Commission has also proposed updating rules for recognising professional qualifications in regulated professions. A mandatory digital procedure will make cross-border recognition for professionals such as doctors, nurses, engineers and teachers faster (five weeks instead of three months), cheaper and more secure, while maintaining high public safety, consumer protection and professional standards.

Through common training frameworks, the Commission will extend automatic recognition to more regulated professions, notably those registering shortages based on a preliminary list of 10 additional professions. Today, the Commission adopted the first such framework for physiotherapists, one of the most mobile professions in the EU.

New rules will also set common standards for recognising qualifications obtained outside the EU for EU citizens and for third-country professionals working in the Single Market or applying from abroad. Such procedures take today 14 months on average, while the common standards will bring them to 4 months, cutting by as much as half the administrative costs of hiring for employers. For seven professions where EU-wide training standards already exist, qualifications delivered by accredited institutions outside the EU and reviewed by European quality assurance bodies will be recognised automatically. Member States keep full control over who is admitted to their territory and over the standards to practise a profession.

Strengthening the European Labour Authority

Once adopted, the Commission’s proposed regulation will equip the European Labour Authority (ELA) with stronger tools to support Member States in enforcing EU law. It will allow ELA to improve its capacity to provide risk assessment for inspections to help national inspectorates better target controls. It also proposes to reinforce cross-border cooperation and expertise with dedicated national inspection liaison officers. It will further improve access to information on rights and obligations by providing grants to organisations that support people working in other Member States and employers providing services or recruiting across EU borders.

The proposal further expands the mandate of ELA to tackling abuses against third-country nationals working in the EU and combatting illegal employment. It will also simplify ELA’s mediation procedure, helping Member States resolve cross-border disputes more quickly and avoiding litigation, thus reducing costs and uncertainty, and improving administrative cooperation.

Next steps

People will see the first practical benefits once the initiatives are adopted by the European Parliament and the Council and the main measures enter into force.

Social security documents will be digitalised in stages, starting with the portable document A1 for posted workers one year after the ESSPASS Regulation enters into force, followed by the European Health Insurance Card and other documents within three years.

Changes to qualifications and skills portability will also be phased in: simpler recognition of non-EU qualifications within two years of adoption, while digital qualifications in the EU Digital Identity Wallet and easier recognition for regulated professions within three years.

Once the revised mandate is adopted, ELA can begin implementing changes, with improvements expected over 2028-2030.

Background

In 2024, 14 million Europeans lived in another EU Member State, including over 10 million people of working age (3.9% of the EU working-age population). At the same time, 18% of respondents in a recent Eurobarometer survey said they would like to work abroad.

At the March EU summit, EU leaders called for measures to enhance worker mobility by improving the mutual recognition of professional qualifications and strengthening the portability of skills, including through digitalisation. This package delivers on the One Europe, One Market roadmap, which identified the fair labour mobility package and the skills portability initiative as priority deliverables for a more integrated Single Market.

For more information

Questions and answers

Factsheet on European Social Security Pass

Factsheet on strengthened European Labour Authority

Factsheet on skills portability initiative

Communication on Fair Labour Mobility Package

ESSPASS Regulation

Regulation to strengthen the European Labour Authority (ELA)

Skills Portability Act

Amending Directive on professional qualifications

Directive on the recognition of qualifications of non-EU nationals

Quote(s)

The single market must also become a genuine skills market with more opportunities for workers and businesses. And that is what this package sets out to do – tackling two of the Terrible ten barriers and making the most of the talent we have in Europe, and attracting more. Simplification and stronger enforcement go hand in hand – skills, recognition and protection will move seamlessly across borders. A win-win.

Ursula von der Leyen, President of the European Commission

This package will profoundly change the single market for the better. For Europeans, it is about empowerment: your choice, your rights, your skills. People should be able to work across Europe with their social rights protected and their qualifications recognised faster. Businesses should be able to recruit the talent they need with less paperwork and fewer delays. Stronger cooperation between national authorities will help tackle fraud and abuse, so that those who break the rules cannot undercut workers and responsible businesses. Fair labour mobility must work for everyone, whether they decide to experience other parts of Europe or stay in their home country.

Roxana Mînzatu, Executive Vice-President for Social Rights and Skills, Quality Jobs and Preparedness

With the new rules, the recognition of qualifications will be simpler and faster, including for skilled workers from outside the EU. In addition, we are giving the European Labour Authority the tools to tackle illegal employment and exploitation, including concerning third-country nationals. We are removing barriers for those who want to work legally in Europe – and closing loopholes for those who want to exploit them.

Pafos FC moves to the top of Cyprus League after Match Day 3

Pafos FC moved to the top of the Cyprus League by Stoiximan standings with seven points after defeating AEK in Larnaca on Match Day 3 of the championship.

AEL secured their second victory of the season to join AEK in second place with six points, while Omonoia remained fourth with five points following a 0-0 draw with Apollon at GSP Stadium. Apollon, Omonoia Aradippou and Omonia 29M also have five points.

In the other major fixture of Match Day 3, Anorthosis defeated APOEL 2-1 at the ‘Antonis Papadopoulos’ Stadium to collect their first points of the season. APOEL suffered their second defeat.

The results of the third round were: Krasava ENY-Aris 0-1, Pafos FC-AEK 0-1, Olympiakos-Omonoia 29M 3-3, Anorthosis-APOEL 2-1, Omonoia-Apollon 0-0, Karmiotissa-Omonoia Aradippou 0-0, AEL-Nea Salamina 2-1.

Standings: Pafos 7, AEK 6, AEL 6, Omonoia 5, Apollon 5, Omonoia Aradippou 5, Omonoia 29M 5, Aris 4, Anorthosis 3, Olympiakos 3, APOEL 3, Karmiotissa 2, Nea Salamina 1, Krasava ENY 0.