Swearing-in ceremony for new members of Cabinet

Swearing-in ceremony of the new members of the Cabinet will take place at the Presidential Palace at 9.00 am (local time), following a partial government reshuffle announced on Tuesday by President Nikos Christodoulides.

The handover-takeover ceremonies will follow. At 10.15 the handover – takeover ceremony will take place at the Deputy Ministry of Social Welfare, at 11.00 at the Ministry of Transport Communications and Works, at 11.45 at the Ministry of Agriculture, Rural Development and Environment and at 12.30 at the Deputy Ministry of Culture.

The President decided to appoint Evanthia Tsolaki as Minister of Transport, Communications and Works, Christos Senekis as Minister of Agriculture, Rural Development and Environment, Tina Pavlou as Deputy Minister of Social Welfare and Clea Papaellina as Deputy Minister of Culture.

The President also decided to appoint Elias Myrianthous as Commissioner for the Environment and Animal Welfare, Eirini Poyiatzi as Commissioner for Citizens’ Rights, and Panayiotis Palates as Director of the President’s Office.

The President will preside a meeting of the Council of Ministers in a new composition, at 13.00 (local time).

CNA/KCH/AGK/2026S, CYPRUS NEWS AGENCY

Inflation in July stood at 2.9%, according to CySTAT

Inflation in July 2026 stood at 2.9%, the Statistical Service of Cyprus said Thursday.

According to a press release, the Consumer Price Index in July 2026 decreased by 0.68 points, reaching 102.32 units compared with 103.00 in June 2026. Inflation in July 2026 stood at 2.9%.

It says that the largest increases compared to July 2025 were recorded in the economic categories, Petroleum Products (12.2%) and Agricultural Goods (8.2%), while the largest decrease was observed in Industrial Goods (-0.5%).

Compared to June 2026, the largest increase was recorded in the economic category Electricity and Water (5.3%), while the largest decrease was observed in Petroleum Products (-5.7%).

Compared with July 2025, the largest changes were observed in the categories Housing, Water, Electricity, Natural Gas and Other Fuels (7.2%), Transport (6.0%), Clothing and Footwear (-5.9%) and Food and Non-Alcoholic Beverages (4.9%).

In relation to June 2026, the largest changes were recorded in the categories Clothing and Footwear (-10.7%) and Housing, Water, Electricity, Natural Gas and Other Fuels (1.2%).

The largest positive contribution to the change in the CPI of July 2026 compared with July 2025 was recorded in the categories Restaurants and Accommodation Services (3.14), Recreation, Sports and Culture (2.82) and Alcoholic Beverages and Tobacco (1.86), while the largest negative contribution to the CPI change of July 2026 compared with July 2025 was observed in the categories Health (-2.62), Information and Communication (-1.69) and Clothing and Footwear (-1.05).

The largest impact on the monthly change in the CPI in July 2026 compared with June 2026 was recorded in the categories Clothing and Footwear (-0.68), Housing, Water, Electricity, Natural Gas and Other Fuels (0.15) and Food and Non-Alcoholic Beverages (-0.09).

It adds that the largest positive contribution to the change in the CPI of July 2026 compared with July 2025 was attributed to Recreation Services (2.93), while the largest negative contribution was attributed to Mobile Communication Services (-1.53).

Finally, Passenger Transport by Air (0.41) had the largest positive impact on the change in the CPI of July 2026 compared with the corresponding index for June 2026, while Clothing (-0.56) had the largest negative impact.

CNA/AAR/GV/2026S, CYPRUS NEWS AGENCY

Apollon beat Brann and took advantage in Conference League qualifier

Apollon Limassol took a significant step towards the UEFA Conference League play-offs after defeating Norway’s Brann 1-0 away in the first leg of their third qualifying round tie on Thursday.

Allen Ozbolt scored the only goal of the match in the 22nd minute, giving the Cypriot side a valuable advantage ahead of the return leg, which will be played at Alphamega Stadium on Tuesday, August 11 (20:00 local time).

Apollon controlled large spells of the contest and recorded their third consecutive European victory of the season without conceding a goal.

CNA/TKE/AGK/2026S, CYPRUS NEWS AGENCY

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

CYPRUS DEPARTMENT OF METEOROLOGY

FORECAST FOR THE SEA AREA OF CYPRUS (B)

FOR THE PERIOD FROM 1200 06/08/2026 UNTIL 1200 07/08/2026

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1007hPa (hectopascal)

Seasonal low pressure is affecting the area. The weather will be mainly fine, but during the night and in the morning locally increased low cloud coverage will be present with risk of local mist and possibly fog patches.

Visibility: Good, but moderate to poor in mist and very poor in fog

Sea surface temperature: 29°C

Warnings: NIL

AREA PERIOD WIND STATE OF SEA

West Coast

Afternoon Southwest to Northwest 3 to 4, locally 4 to 5 Slight

Night Northwest 3 to 4, gradually near the coast Northwest to Northeast 3 Slight, gradually near the coast Smooth to Slight

Morning Southwest to Northwest 3 to 4, initially near the coast Variable 3 Smooth to Slight

South Coast

Afternoon Southwest to West 4 to 5, locally 5 Slight

Night Southwest to West 3 to 4, gradually near the coast Northwest to Northeast 3 Slight, gradually near the coast Smooth to Slight

Morning South to Southwest 4, initially Variable 3 Smooth to Slight

East Coast

Afternoon South to Southwest 4, at times 4 to 5 Smooth to Slight

Night Southwest 3, gradually Southwest to Northwest Smooth to Slight

Morning Southeast to South 3 to 4, initially Variable 3 Smooth to Slight

North Coast

Afternoon Southwest to Northwest 3 to 4, locally 4 to 5 Slight

Night South to Southwest 3 to 4, gradually near the coast Southeast to Southwest 3 Slight, gradually near the coast Smooth to Slight

Morning Southeast to Southwest 3 to 4, later Southwest to Northwest Smooth to Slight

Meridiam-GSI deal was not notified to EU Commission for merger review, EU spokesperson tells CNA

The agreement bringing French investment group Meridiam in as majority shareholder in Great Sea Interconnector (GSI) has not been formally notified to Brussels for merger review, a European Commission spokesperson told CNA.

‘This transaction has not been formally notified to the Commission. If a transaction constitutes a merger and has an EU dimension, it is always up to the companies to notify it to the Commission,’ the Commission spokesperson said Thursday, responding to a relevant question.

The agreement, under which Meridiam acquires a 66% stake in GSI, the special purpose vehicle developing the Greece-Cyprus electricity interconnector, was signed Wednesday at the Maximos Mansion in Athens. Greece’s IPTO retains the remaining 34%. A related three-way agreement between IPTO, GSI and Nexans on seabed survey work was also signed.

CNA/EK/GV/2026S, CYPRUS NEWS AGENCY

PSEKA: Cyprus is not a problem but a solution for Europe and the United States

The International Coordinating Committee ‘Justice for Cyprus’ has called for the immediate implementation of United Nations resolutions on the withdrawal of Turkish troops, the return of Famagusta and the reunification of Cyprus, in a letter addressed to the President of the Republic of Cyprus, Nikos Christodoulides.

The Greek Cypriots of the Diaspora congratulated the Cypriot government, saying it had ‘proved to the world that Cyprus is not a problem, but rather a solution for the European Union and, in particular, a solution for America.’

The letter states that Americans are celebrating the signing of the 3+1 agreement, while the European Union, through ‘Amalthea,’ has recognized the value of Cyprus and its role as the ‘golden bridge to the troubled Middle East.’

The Committee said that, after ’52 years of endless, fruitless negotiations,’ the time has come to demand justice for the ‘illegal invasion of July 20, 1974’ and the immediate implementation of UN resolutions calling for the withdrawal of Turkish troops and the reunification of the island as a ‘true Republic’ and member of the European Union.

‘The solution and value of the Republic of Cyprus has been found. It is time to deal with the 52-year illegal occupation,’ is mentioned.

It also called for the immediate return of Famagusta, as prescribed by UN resolutions, and for Turkey to be held accountable for turning the occupied area into a ‘puppet state,’ importing illegal migrants, changing the demographics and transforming the illegal entity of the ‘trnc’ into a ‘money laundering machine’ and a ‘terrorist state’ that violates international law.

According to the Committee, the value of the Republic of Cyprus to the European Union and the United States can only be preserved through recognition that ‘the problem was and still is an illegal invasion and an illegal occupation.’

The Greek Cypriots of the Diaspora, who according to the letter number 500,000 worldwide, said they stood united in support of the policy that ‘Cyprus is a solution, not a problem.’

They further argued that ‘the real problem in NATO and the Western world is Turkey,’ which continues to occupy 36% of the territory of the Republic of Cyprus, territory that forms part of the European Union.

‘The real value of Cyprus can be measured by solving the 52-year problem created by Turkey,’ is mentioned.

On the occasion of the annual conference, the Committee reaffirmed its commitment to ending the occupation of 36% of the Republic of Cyprus.

‘The work goes on, the hope endures, and the dream of a free united Cyprus will never die,’ the letter concluded. The letter was signed by Philip Christopher.

CNA/GGA/MCH/2026S, CYPRUS NEWS AGENCY

PRESS RELEASE – EUROPEAN COMMISSION

The European Commission has approved, under EU State aid rules, a pound 780 million Dutch scheme to support the production of renewable hydrogen, in line with the Clean Industrial Deal objectives. The scheme was approved under the Clean Industrial Deal State Aid Framework (CISAF) adopted by the Commission on 25 June 2025.

The aid will be awarded through a competitive bidding process planned to be concluded by the first quarter of 2027. It will take the form of a direct grant combining an upfront investment grant of up to 80% of the investment costs with a variable premium over five to 10 years. Beneficiaries will have to prove compliance with EU criteria for the production of renewable fuels of non-biological origin (RFNBOs), as set out in the delegated acts on renewable hydrogen.

The Netherlands estimates that around 400 megawatts of electrolysis capacity will be constructed with aid under the scheme, and that the scheme will incentivise the production of up to 40 kilotonnes of renewable hydrogen a year, resulting in around 324 kilotonnes of CO2 avoided annually. This scheme follows two previous Dutch schemes approved by the Commission in July 2023 and July 2024, which aimed to support the build out of electrolysis capacity in the Netherlands.

The Commission assessed the scheme under EU State aid rules, specifically Article 107(3)(c) of the Treaty on the Functioning of the European Union, and the Clean Industrial Deal State Aid Framework.

The Commission found that the scheme was necessary and appropriate to facilitate the production of renewable hydrogen. In addition, the Commission found that the scheme has an incentive effect, a limited impact on competition and trade within the EU, and that the aid will bring about positive effects, in particular by contributing to the objectives defined in the Clean Industrial Deal, that outweigh any possible negative effects in terms of distortions to competition. On this basis, the Commission approved the Dutch scheme under EU State aid rules.

More information on the CISAF can be found online. The non-confidential version of the decision will be made available under the case number SA.122432 in the State aid register on the Commission’s competition website once any confidentiality issues have been resolved.

Commission clears acquisition of MAK by Aberdeen and Strabag

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of MAK Mecsek Autópálya Koncessziós Zártköruen Muködo Részvénytársaság (‘MAK’) of Hungary by abrdn Investments Limited (‘Aberdeen’) of the United Kingdom and Strabag AG of Austria.

The transaction relates primarily to the operation of a section of two motorways in Hungary.

The Commission concluded that the notified transaction would not raise competition concerns, given that the companies are not active in the same or vertically related markets. The notified transaction was examined under the simplified merger review procedure.

More information is available on the Commission’s competition website, in the public case register under the case number M.12472.

Commission clears acquisition of MXP and creation of three joint ventures by Midea and Electrolux

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Electrolux de Mexico S.A. de CV (‘MXP’) of Mexico and the creation of three joint ventures in Mexico and the US by Midea of China and Electrolux of Sweden.

The transaction relates primarily to the manufacture and supply of refrigeration and laundry appliances in North America.

The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area and the companies’ limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.

More information is available on the Commission’s competition website, in the public case register under the case number M.12454.

Commission clears creation of joint venture by IGA Holding and Unifree

The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by IGA Holding A.S. (‘IGA Holding’) and Unifree Duty Free Isletmeciligi Anonim Sirketi (‘Unifree’), both of Trkiye.

The transaction relates primarily to the operation of travel retail stores outside of the EEA.

The Commission concluded that the notified transaction would not raise competition concerns, given the limited impact on the European Economic Area. The notified transaction was examined under the simplified merger review procedure.

More information is available on the Commission’s competition website, in the public case register under the case number M.12508.

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

Cyprus’ new Transport Minister says she takes over ‘a very heavy burden’

Evantia Tsolaki assumed office as Minister of Transport, Communications and Works on Thursday morning, taking over the portfolio from Alexis Vafeades during the handover ceremony held at the Ministry. The outgoing Minister said he was leaving office with a deep sense of gratitude, while Tsolaki described her new responsibilities as ‘a very heavy burden’, noting that her predecessor had ‘set the bar very high.’

‘I leave the Ministry today with a deep sense of gratitude. Gratitude, first and foremost, for the trust the President placed in me to serve the country through this highly demanding portfolio,’ outgoing Minister Alexis Vafeades said.

‘I am also grateful because I had outstanding officials by my side who supported this entire effort, and I am confident they will continue supporting the Ministry’s work so that we can continue serving the public,’ he added.

‘I am grateful because the portfolio is now being entrusted to a worthy person, a Minister who knows the issues well and is fully committed to moving forward and working hard, with integrity and dedication, to complete all the projects we have launched,’ Vafeades said.

‘The tearful eyes of the Ministry’s officials reveal that a special bond has developed between the Minister and the staff – a relationship built on trust, mutual respect and mutual appreciation,’ newly appointed Minister of Transport, Communications and Works Evantia Tsolaki said.

‘That relationship is the key to the successful tenure of any Minister. Mr Vafeades has offered a great deal to the Ministry of Transport, and I congratulate him on the work he leaves behind,’ she added.

‘I also congratulate him on the way he managed the Ministry’s affairs. I am taking over a very heavy burden. He has set the bar extremely high,’ Tsolaki said.

‘I am taking over from him with the understanding that I must continue in the same spirit. We must complete all the projects currently under way and set our priorities,’ the new Minister said.

She added that she had already received an initial briefing from the heads of the Ministry’s departments.

‘We are rolling up our sleeves as of today and, together with the heads of departments and the Ministry’s officials, we will continue the work the Minister is handing over to us,’ she concluded.

Asked whether he was leaving the Ministry with a sense of bitterness following references to his possible responsibilities in the Takata airbag case, Vafeades reiterated that he was leaving office ‘with a deep sense of gratitude.’

Regarding the Takata airbags issue, he said ‘an inquiry committee has determined where responsibility lies,’ urging anyone interested in the issue to consult its report ‘to see where political responsibility is attributed and where it is not.’

He added that the matter remains under review, noting that the Department of Road Transport has launched a public consultation on ‘two very important bills’ which, he said, ‘put the relevant procedure in order.’

‘The Department of Road Transport’s effort puts in order a procedure that has deviated from the lawful process for more than 15 years. We have therefore put the matter on the right track, and we believe that once Parliament discusses the bills, everything will fall into place and the issues will be clarified,’ he said.

Vafeades also expressed hope that projects supporting rural communities would move forward, referring to projects that ‘will provide rapid access to healthcare services, education and employment.’

Asked about her priorities in tackling traffic congestion in Limassol and elsewhere, Tsolaki said that ‘a number of projects are already under way. A meeting had also taken place between the Minister and the Municipality of Limassol regarding the northern bypass. Other projects are also under way.’

‘Our goal is to ease traffic congestion and find solutions towards that end,’ she concluded.

CNA/LS/MK/2026S, CYPRUS NEWS AGENCY

Cabinet appoints Board Members for new Cyprus Business Development Organisation

The Cabinet brought into force the law establishing the Cyprus Business Development Organization (CBDO) and appointed the Board of Directors, Finance Minister Makis Keravnos announced Thursday following the first meeting of the newly reshuffled Cabinet.

According to Keravnos, the new organization’s mission is to improve access to financing for small and medium-sized enterprises (SMEs), startups, and self-employed professionals, while also addressing financing gaps identified in the market.

“The government continues to implement its policies, commitments, and announced initiatives with consistency and determination,” Keravnos said.

The Minister recalled that the relevant bill was submitted to the House of Representatives and passed on 14 July, while today’s decision set the date on which the legislation officially comes into effect.

He further said that the Cabinet appointed the organization’s seven-member Board of Directors, consisting of five members appointed by the Cabinet upon the recommendation of the Minister of Finance, including the Chairperson and Vice-Chairperson and two ex officio members representing the Ministry of Finance and the Deputy Ministry of Research, Innovation and Digital Policy.

Michalis Kammas was appointed as Chairperson, Stelios Theofanous is the new Vice-Chairperson. The other Board Members are Philippos Hadjizacharias, Marinos Lambrianides, and Andreas Isodiou. The two ex officio Members are Aliki Sergi (Ministry of Finance) and Konstantinos Kleovoulou (Deputy Ministry of Research, Innovation and Digital Policy).

Keravnos noted that the Board has significant responsibilities ahead, including establishing the organization’s internal structure and appointing the heads of its various departments.

CNA/THN/MCH/GV/2026S, CYPRUS NEWS AGENCY

Our goal is a culture open to all, new Deputy Minister says

Our goal is a culture open to all, the new Deputy Minister of Culture, Clea Hadjistephanou Papaellina said, during the handover ceremony, on Thursday, at the Deputy Ministry of Culture, in Nicosia.

Papaellina thanked the President of the Republic for his trust in her, noting that “culture is the foundation of the identity, history and creative perspective of our country and it is a special honour to be called to serve this very important sector”.

She also warmly thanked the outgoing Deputy Minister, Vasiliki Kassianidou, for her contribution, dedication and work during her term. ‘Every effort that strengthens culture, supports creative people and highlights our cultural heritage is a valuable legacy for the future,’ Papaellina stressed.

‘This transition builds on what has already been done. It marks the continuation of a collective effort so that with vision, consistency and cooperation we can bring results,’ the new Deputy Minister of Culture said.

‘Culture is the expression of the soul of people, the bridge that connects the past with the present and the future, the force that cultivates creativity, dialogue and the cohesion of our society,’ she pointed out. ‘Above all, it is our identity. What characterizes us today and defines us tomorrow,’ she added.

Papaellina underlined that ‘our goal is a culture open to all, a culture that embraces every creator, supports artistic expression, highlights our cultural heritage and creates opportunities for new generations to express themselves, create and actively participate’.

‘Culture functions as a force for extroversion, social cohesion and development, promoting our country internationally’, she said, pointing out that ‘the protection and promotion of the culture of Cyprus at home and abroad is part of the struggle for the national survival of our homeland’.

Noting that the success of this effort requires collaboration, the new Deputy Minister of Culture called on all creators, artists, cultural institutions, local governments, the academic community and every entity that serves culture, ‘to work together in a spirit of trust and a common vision.’

Clea Hadjistephanou Papaellina promised to serve this mission with responsibility, transparency, hard work and respect for all.

She also expressed certainty that “with collective effort, we can further strengthen the role of culture in our society and create the conditions for the cultural creation of Cyprus to continue to inspire, evolve and be distinguished.”

On her part, the outgoing Deputy Minister of Culture, Vasiliki Kassianidou, expressed her warm thanks to the President of the Republic of Cyprus for his trust, as well as to her colleagues and the staff of the Deputy Ministry. ‘What we have achieved in these three years was the result of a collective effort and a common belief that culture deserves to be at the core of public policy,’ she pointed out.

‘When I took office in the summer of 2023, I took over a newly established Deputy Ministry, which was still in the phase of its organisational formation and which lacked a comprehensive strategic orientation,’ she noted. ‘Today, three years later, I believe that the Deputy Ministry of Culture now has stronger structures, a clear strategy and concrete prospects for the future,’ she added.

‘Our priority was to create the necessary administrative structures and to outline a coherent cultural policy with clear objectives. That is, the support of contemporary creation and the creators themselves, the promotion of their work to a wider audience, the protection and promotion of our cultural heritage, the strengthening of cultural education and the international promotion of Cyprus’, stressed Kassianidou.

‘We opened the Deputy Ministry so that everyone can express their opinion and their ideas. Despite our low budget, we strengthened the sponsorship programmes, we established new ways of supporting creators and cultural institutions’, she said.

She also pointed out that the construction of the new Cyprus Archaeological Museum, the upgrading of infrastructure at important archaeological sites, the modernization of archaeological museums, the upgrading of the Cyprus Handicraft Service and the initiation of the construction of a building for the State Archives ‘are projects that will serve the place for many decades, protecting historical memory, strengthening research and creating new development opportunities.’

‘The repatriation of hundreds of antiquities and our international collaborations to combat the illegal trafficking of cultural goods were also important. Such actions are gaining greater importance for our country, whose cultural heritage has been plundered after the Turkish invasion,’ she emphasised.

‘Through the ”Schools Ambassadors of Culture – Children Ambassadors of Culture” programme, we attempted to build a new relationship between children and culture and artistic creation and to show that cultural education can shape active citizens with a deeper knowledge of the history of their country,’ she noted.

At the same time, Vasiliki Kassianidou pointed out that culture ‘is the most powerful form of international diplomacy that a small country has’ and ‘our best defence.’ To this end, she continued, ‘we utilised the Cyprus Presidency of the Council of the European Union, which has just ended, to present our ancient and modern civilisation internationally, with actions that left a strong mark and strengthened our country’s presence in the European space.’

In the context of the presidency of the European Union, she said, ‘Cyprus’ contribution to the formation of the new Agora EU programme and the ”Europe for Culture – Culture for Europe” Declaration confirmed that even a small state can substantially influence European policies when it has a plan, consistency and credibility.’

‘These are substantial legacies, as for the first time culture is recognised with these programmes as a priority in European Union policies. Cyprus did not limit itself to the role of observer but actively contributed to the formation of this new European perception,’ emphasised the outgoing Deputy Minister of Culture.

Referring to the bill on the Status of the Artist, she said that this is now at a mature stage, expressing hope that it will be completed soon, as well as that the major infrastructure projects that were launched during this period will be completed.

Vasiliki Kassianidou further stated that she is leaving with the conviction that the Deputy Ministry of Culture has now acquired institutional maturity, a clear orientation and international prestige and credibility. ‘Most importantly, however, it has acquired a clear mission: to serve culture not as a luxury, but as a foundation of democracy, social cohesion and solidarity, education and development,’ she stressed, expressing gratitude for being given the opportunity to serve this mission.

At the same time, she stressed that ‘culture needs financial support, and it will be able to offer even more to society if the budget of the Deputy Ministry of Culture is increased,’ expressing hope that this will happen soon.

In closing, she expressed appreciation and gratitude to all members of the Cabinet for the close cooperation and wished every success to the new Deputy Minister of Culture, expressing the belief that her successor “will work hard so that culture continues to occupy the position it deserves in the developmental and European course of the Republic of Cyprus’.

CNA/PH/GV/2026S, CYPRUS NEWS AGENCY