Cyprus Stock Exchange

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

MEETING DATE: 27/07/2026

INDICES BASE VALUES: FTSEMed=5000, OTHERS = 1000

EURO (pound )

TRADED VALUE 255.777,89

INDEX

VALUE

%DIFF.

VALUE

FTSE/CySE 20

183,000

0,850

251.091,270

MAIN MARKET INDEX

247,580

1,140

240.200,360

INVESTMENT COMPANIES MARKET INDEX

2.898,260

-0,980

16.626,990

CSE GENERAL INDEX

311,380

0,850

251.126,270

HOTELS INDEX

1.732,530

-1,350

2.624,000

ALTERNATIVE MARKET INDEX

2.042,700

-0,470

12.985,910

* The second column presents the percentage variation of the indices as compared to the last meeting.

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

UNSG’s Cyprus visit a “testament of his commitment”, Holguin says

The upcoming visit of UN Secretary General Antonio Guterres in Cyprus is “a testament of his commitment”, his Personal Envoy Maria Angela Holguin said ahead of his arrival to the island on Monday evening.

She was speaking after having met with Turkish Cypriot leader Tufan Erhurman with whom she said she had “a good meeting”.

“We are waiting for the General Secretary this afternoon, we are going to have meetings tomorrow individually and a dinner at night with the two leaders,” Holguin said.

She pointed out that “this is a testimony of the commitment of the Secretary General with Cyprus,” adding that “this is why he is coming”.

“He mandates his good offices for years, he has been involved with the Cyprus issue for 10 years while his is a General Secretary, so he comes here to support efforts and try to move forward the possibility to have a negotiation process and just listening to the leaders,” Holguin said, concluding that they are welcoming him to Cyprus.

Cyprus has been divided since 1974, when Turkey invaded and occupied its northern third. Repeated rounds of UN-led peace talks have so far failed to yield results due to Turkish intransigence. The latest round of negotiations, in July 2017 at the Swiss resort of Crans-Montana ended inconclusively.

After informal meetings in 2025, followed by a hiatus of several months, deliberations are underway for a new meeting in broader format to be held, as the term of the UN Secretary-General Antonio Guterres nears its end. María Angela Holguín, Guterres’ Personal Envoy on Cyprus, is tasked to engage with the parties. Executive Vice-President Raffaele Fitto acts as the European Commission’s Special Representative for Cyprus, succeeding EU special envoy Johannes Hahn.

CNA/RPA/EPH/2026S, CYPRUS NEWS AGENCY

Fire at Kalo Chorio shooting range under full control, 120 hectares burnt [VIDEO]

A fire that started at the Kalo Chorio Shooting Range, in Larnaca District, was brought under full control at 19:30 local time on Monday, burning 120 hectares of wild vegetation, the Forestry Department announced.

A huge operation took place and a total of 100 firefighters from the Forestry Department with 11 fire trucks, three tankers and two bulldozers 40 firefighters from the Fire Department with nine fire trucks, a strong police force, 10 people from the District Administration with two water tankers and two bulldozers, 12 National Guard personnel with two bulldozers, 50 officers from the Civil Defense, 11 officers from the Wildlife Service and 6 persons from the Ambulance Service.

Volunteer groups and residents from the local communities also participated in the extinguishing operation.

A crisis management center was set up in the area for better coordination. The government services developed Ikaros National Plan with six firefighting planes and five helicopters.

Strong firefighting forces will remain at the area the whole night for security purposes.

Director of the Forestry Department, Savvas Iezekiel, spoke of “superhuman” firefighting efforts due to the difficult conditions faced.

Fire Service Spokesperson Andreas Kettis also said that the operation was extremely difficult due to strong winds, the terrain morphology and the vegetation, and the primary goal was to protect the communities of Psevdas and Agia Anna.

Replying to a question Kettis said that the Fire Service is particularly vigilant when operating within the Kalo Chorio firing range, adding that there were incidents in the past where firefighters’ lives were threatened.

He noted that the incident will obviously be investigated by the Ministry of Defense.

In statements, in Nicosia, the Minister of Defense Vassilis Palmas said that the personnel showed an unprofessional stance during the destruction of RPG missiles at the firing range. He expressed his irritation for the incident, noting that certain people bear responsibilities. He went on to say that responsibility for the outbreak of this fire lies with the 70th Engineer Battalion.

The Minister noted that he already ordered an investigation to establish the exact circumstances of the incident.

Cypriot scientists join Horizon Europe project on sustainable hydropower

HydroPulse, a new Horizon Europe research project, brings together the Cypriot research and consultancy company ISOTECH Ltd with 14 leading universities, research institutions and industry partners from nine European countries. With a total budget of nearly pound 4 million, HydroPulse is coordinated by the National Technical University of Athens (NTUA) and will run for 42 months.

ISOTECH said in a press release on Monday that HydroPulse aims to develop the next generation of solutions for the sustainable operation of hydropower systems by combining advanced digital technologies, artificial intelligence, Nature-based Solutions and participatory decision-making processes.

”A key innovation of HydroPulse is the co-creation of solutions with the stakeholders who will ultimately implement them. Through five Communities of Practice and in line with the principles of Responsible Research and Innovation (RRI), solutions will be developed through the continuous involvement of stakeholders to ensure they are scientifically robust, socially acceptable and practical to implement,” the press release noted.

ISOTECH further added that it ”will bring together scientists, hydropower operators, public authorities, environmental organisations and local communities across the project’s pilot areas in Switzerland, Romania, Spain and Portugal.” In parallel, ISOTECH said that it ”will develop stakeholder mapping tools and a common monitoring and evaluation framework for the participatory process, helping ensure that the proposed solutions respond to the specific needs of each region.”

”Hydropower generates around 30% of Europe’s renewable electricity and remains a cornerstone of the energy transition. However, many hydropower facilities were designed decades ago, under very different environmental, social and energy conditions,” the press release said, adding that ”today, climate change, ageing infrastructure, biodiversity protection and the need for greater social acceptance require a fundamentally new approach to the way hydropower systems are designed and operated.”

”Unlike conventional approaches, HydroPulse does not consider energy production as the sole objective. Instead, it introduces an integrated management approach in which energy generation, water management and biodiversity conservation are assessed simultaneously rather than as competing priorities,” the press release noted.

”To achieve this, HydroPulse will develop ten innovative tools, five innovative management models, and an integrated hydro-energy-biodiversity data hub that combines information on energy production, river ecosystems and biodiversity,” it pointed out. ”The project will also address critical challenges, including hydropeaking, river connectivity, fish migration, sediment transport, as well as water quality and water allocation,” it added.

”Ultimately, HydroPulse aims to deliver solutions that can be applied well beyond its five pilot areas, supporting the modernisation of hydropower systems across Europe. By combining scientific knowledge with local expertise, the project seeks to demonstrate that clean energy production and healthy river ecosystems can coexist,” the press release concluded.

Guterres to discuss efforts to advance peace process in Cyprus, UN spokesperson says

UN Secretary-General Antonio Guterres will discuss efforts to advance the peace process in Cyprus and is currently on his way to the island, according to a UN spokesperson.

Guterres is expected to arrive in Cyprus late on Monday, before midnight, according to CNA sources.

According to the UN spokesperson, the UNSG ‘will discuss efforts to advance the peace process and support stability on the island, including through the work of the United Nations Peacekeeping Force in Cyprus (UNFICYP)’.

The same sources told CNA that Guterres was to be welcomed on arrival by his Personal Envoy, María Ángela Holguín, and his Special Representative in Cyprus, Khassim Diagne.

Guterres is due to hold talks on Tuesday and Wednesday with President Nikos Christodoulides and Turkish Cypriot leader Tufan Erhrman on the way forward regarding the Cyprus issue.

The same sources said that on Tuesday morning, before his meeting with President Christodoulides, the UN Secretary-General is expected to hold a meeting with Holguín, Diagne, UN Under-Secretary-General for Political and Peacebuilding Affairs Rosemary DiCarlo, and the UN Under-Secretary-General for Peace Operations, Jean-Pierre Lacroix.

The Secretary-General is expected to return to New York on Wednesday.

Cyprus has been divided since 1974, when Turkey invaded and occupied its northern third. Repeated rounds of UN-led peace talks have so far failed to yield results due to Turkish intransigence. The latest round of negotiations, in July 2017 at the Swiss resort of Crans-Montana ended inconclusively.

After informal meetings in 2025, followed by a hiatus of several months, deliberations are underway for a new meeting in broader format to be held, as the term of the UN Secretary-General Antonio Guterres nears its end. María Angela Holguín, Guterres’ Personal Envoy on Cyprus, is tasked to engage with the parties.

World Conference of Overseas Cypriots opens on Tuesday in Nicosia

The World Conference of Overseas Cypriots will open on Tuesday evening in Nicosia with addresses by Cyprus’ political and state leadership, representatives of the Cypriot diaspora, Greece and the Church. The conference will run until Friday, July 31.

This year’s gathering takes place at a time of heightened interest in the Cyprus issue, as it coincides with the visit of United Nations Secretary-General Antonio Guterres to Cyprus.

According to the Service for Overseas Cypriots and Repatriated Cypriots of the Ministry of Foreign Affairs, the opening ceremony will begin at 19.00 local time at The Landmark Nicosia hotel and will be broadcast live by the Cyprus Broadcasting Corporation (CyBC).

Participants will be welcomed by the Director General of the Ministry of Foreign Affairs, Ambassador Theodora Constantinidou. On behalf of President Nikos Christodoulides, Foreign Minister Constantinos Kombos will deliver the keynote address before officially declaring the conference open.

Addresses will also be delivered by Greece’s Deputy Foreign Minister responsible for Greeks Abroad, Ioannis-Michail Loverdos, and House of Representatives President Annita Demetriou.

Archbishop Georgios of Cyprus will also address the opening ceremony.

Greetings will further be delivered by World Federation of Overseas Cypriots (POMAK) President Christos Karaolis, PSEKA President Philip Christopher and Youth of Overseas Cypriots (NEPOMAK) President Christos Touton.

This year’s conference carries particular significance as it marks the 50th anniversary of the establishment of the World Federation of Overseas Cypriots (POMAK), honouring the organisation’s longstanding contribution to maintaining the ties between the Cypriot diaspora and their homeland.

At the same time, this year’s gathering includes the Global Conference of the Youth of Overseas Cypriots (NEPOMAK). Elections for the new Central Council of NEPOMAK will be held during the conference, underscoring the continuity and active participation of the younger generation of the Cypriot diaspora.

The World Conference of Overseas Cypriots is the principal institutional forum bringing together the Republic of Cyprus and the organised Cypriot diaspora. It aims to strengthen cooperation, preserve the diaspora’s links with Cyprus and promote shared national objectives through the active participation of overseas Cypriot organisations and the younger generation of Cypriots abroad.

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

UNSG’s visit could pave the way for expanded Cyprus conference, Spokesperson says

Government Spokesperson Konstantinos Letymbiotis expressed on Monday hope that UN Secretary-General Antonio Guterres’ visit to Cyprus on Tuesday could serve as a springboard for convening an expanded conference on the Cyprus issue.

Speaking after President Nikos Christodoulides’ meeting with the UN Secretary-General’s Personal Envoy, Maria Angela Holguin, Letymbiotis said the Government expects Guterres to outline his thinking on the next steps of his initiative.

He said the aim is for an expanded conference to lead to the resumption of negotiations from the point where they were interrupted at Crans-Montana, while reiterating that Nicosia remains committed to the agreed settlement framework based on the relevant UN Security Council resolutions.

Regarding the Christodoulides-Holguin meeting, Letymbiotis said it was held ahead of Guterres’ visit, during which the UN chief will hold separate meetings with President Christodoulides and Turkish Cypriot leader Tufan Erhurman, attend a joint dinner with the two leaders and later hold a joint meeting with them.

He described the visit as “very important.”

“We aim and hope that this visit will mark the beginning, will be the springboard that will lead to the convening of an expanded meeting,” he said.

Letymbiotis added that Holguín briefed the President on the series of contacts she held in recent weeks before meeting the Turkish Cypriot leader.

Realism due to Turkey’s stance

———————————-

Asked whether Holguin’s remarks following her meeting with Turkish Foreign Minister Hakan Fidan leave room for optimism, Letymbiotis said Nicosia views positively the fact that Guterres has personally led this new initiative since March, investing both his time and the institutional weight of his office.

At the same time, however, he said the Government remains aware of the challenges posed by Turkey’s position.

“At the same time, we are realistic and we recognise the many challenges that exist, primarily because of Turkey’s intransigence,” he said.

Letymbiotis added that President Christodoulides will have the opportunity to discuss with Guterres whether Turkey is prepared to realign itself with international law, noting that the UN Secretary-General held a telephone conversation with Hakan Fidan on Sunday evening.

“The common ground is the UN Security Council resolutions”

—————————————————-

Asked whether there are any indications of common ground between the sides, Letymbiotis said the only common basis is that established by the UN Security Council resolutions.

“There is common ground, and that common ground is the United Nations Security Council resolutions and the agreed basis, which has been clearly defined in all the relevant Security Council resolutions,” he said.

He added that the UN Secretary-General’s personal engagement, together with developments in EU-Turkey relations, creates conditions that the Greek Cypriot side intends to make use of.

“If there is even the slightest glimmer of hope, even the smallest window of opportunity, we will seize it,” he said, adding that the Government expects to hear directly from Guterres about the next steps of his initiative.

Bizonal, bicommunal federation the only solution under discussion

———————————————————–

Commenting on reports that Turkish Foreign Minister Hakan Fidan reiterated Ankara’s position in favour of a two-state solution during his meeting with Holguin, Letymbiotis declined to comment on the substance of their discussions, saying he could not speak on behalf of the UN envoy.

He stressed, however, that the United Nations is discussing only the solution set out in the relevant UN Security Council resolutions.

He added that this solution is promoted by the UN Secretary-General, supported by the international community and remains the framework on which the Republic of Cyprus bases its efforts.

In this context, he stressed that any proposal departing from a bizonal, bicommunal federation with political equality, as defined in the Security Council resolutions, cannot be regarded as constructive.

Goal remains resumption of talks from Crans-Montana

————————————————

Responding to a question about reports that the UN Secretary-General may seek to update the Crans-Montana framework, Letymbiotis reiterated Nicosia’s long-standing position.

“From the very beginning, we have made it clear that our objective is to resume negotiations from the point where they were interrupted at Crans-Montana, while preserving the acquis of the previous negotiating process,” he said.

He noted that the key issue is whether Turkey, which since 2021 has openly advocated a two-state solution, is prepared to realign itself with the UN Security Council resolutions.

Asked about speculation concerning “constructive ambiguities” in any new framework that Guterres might propose, Letymbiotis rejected such suggestions, noting that Holguin herself had already dismissed the relevant media reports.

“There can be no ambiguities, constructive or otherwise, and under no circumstances can there be provisions pointing to solutions outside the agreed framework,” he said.

He added that the Greek Cypriot side’s long-standing red lines remain the safeguarding of the Republic of Cyprus, adherence to the agreed UN Security Council framework, preservation of the three “single” principles, and full alignment of any settlement with the principles, values and legal order of the European Union, stressing that these positions are shared by both the international community and the European Union.

Cyprus has been divided since 1974, when Turkey invaded and occupied its northern third. Repeated rounds of UN-led peace talks have so far failed to yield results due to Turkish intransigence. The latest round of negotiations, in July 2017 at the Swiss resort of Crans-Montana ended inconclusively.

CNA/TNE/EPH/2026S, CYPRUS NEWS AGENCY

PRESS RELEASE – EUROPEAN COMMISSION

The EU sends planes and firefighters as wildfires ravage France and Spain

The EU has deployed assistance to both France and Spain under the EU Civil Protection Mechanism as ongoing wildfires have triggered one of the biggest evacuation operations in Europe, displacing more than 300,000 people in France and Spain.

In France, the EU has deployed seven planes and four helicopters from Czechia, Croatia, Germany, Portugal, Slovakia, Sweden, and Trkiye. Most of these aircraft are part of the rescEU firefighting fleet. In Spain, the EU has mobilised six planes from Greece, Italy and Trkiye, and deployed134 personnel and 41 vehicles from Portugal.

The EU’s Copernicus satellite service is also providing rapid emergency maps to support the response on the ground. The EU’s Emergency Response Coordination Centre remains in close contact with both the French and Spanish authorities, to assess what further support can be potentially mobilised, and a liaison officer from the European Commission is in Bordeaux to help national authorities coordinate EU assistance.

As part of the EU’s preparedness measures ahead of this year’s wildfire season, firefighting teams from other European countries had already been pre-positioned in France and Spain before the fires began, allowing them to reinforce national responders immediately.

‘Right now, hundreds of thousands of people have been forced to flee their homes, while firefighters battle walls of flame in dramatic conditions to save lives and communities. No country should ever have to face a disaster of this scale alone. That is exactly why Europe built a common response capacity: aircraft in the sky, firefighters on the ground, and more support standing ready the moment it is needed. To the people of France and Spain: Europe will stand with you until the fires are out.’ said Commissioner for Preparedness, Crisis Management and Equality, Hadja Lahbib.

When a country asks for help through the EU Civil Protection Mechanism, the request is shared with all 37 participating countries. Each can offer the aircraft, helicopters, firefighting teams, equipment or experts it is able to make available, and the Commission coordinates and cofinances their deployment. If those national offers are not enough, the EU can draw on rescEU, its own strategic reserve, which includes a fleet of 22 planes and five helicopters.

Commission greenlights Belgium’s fifth payment request for pound 225 million under NextGenerationEU

Today, the European Commission positively assessed Belgium’s fifth payment request for pound 225 million under the Recovery and Resilience Facility (RRF), the centrepiece of NextGenerationEU.

This is an important step in the delivery of the reforms and investments tied to this payment request, in the areas of clean and digital transitions, mobility, education and training, labour market policy and biotechnology.

The Commission found that Belgium has satisfactorily completed 7 milestones and 12 targets set out in the Council Implementing Decision.

Today’s payment request would bring the funds paid out to Belgium under the RRF to pound 3.86 billion. This corresponds to 73% of all funds included in the Belgian recovery and resilience plan, with 67.6% of all milestones and targets in the plan now fulfilled.

A press release is available online. Commission publishes new guidance to support businesses’ implementation of the Cyber Resilience Act

Manufacturers, developers and businesses of all sizes across the EU now have new guidance on how to apply the Cyber Resilience Act. This will help them prepare for mandatory cybersecurity requirements and reporting obligations.

The new Commission guidance explains how these rules apply in practice. It clarifies which products fall within the scope of the Act, what constitutes a substantial modification, how support periods should be understood, and how to meet reporting obligations and risk assessment requirements.

It also responds to questions raised by businesses, giving particular attention to microenterprises and small and medium-sized enterprises. It includes practical examples and uses cases to help reduce any unnecessary administrative burden.

Henna Virkkunen, Executive Vice-President for Tech Sovereignty, Security and Democracy, said: “This guidance is part of our simplification agenda, helping businesses meet their obligations under the Cyber Resilience Act on time and with confidence. A cyber-secure Europe and a business-friendly Europe go hand in hand: today’s guidance will help ensure that products on our market are protected from cyber threats, while avoiding unnecessary burden and legal uncertainty for companies.’

Recent developments in frontier AI models with cybersecurity capabilities render the swift and correct implementation of the Cyber Resilience Act even more imperative. The Cyber Resilience Act, in force since December 2024, sets mandatory cybersecurity requirements across the full lifecycle of digital products, with reporting obligations applying as of 11 September 2026. Ahead of the December 2027 compliance deadline, the guidance marks a further concrete step in the Commission’s simplification agenda.

More information is available online.

EU and Seychelles renew agreement granting EU fishing vessels access to Seychelles’ waters

Today, the European Union and Seychelles signed a new protocol to the Sustainable Fisheries Partnership Agreement granting EU vessels access to Seychelles’ waters for a period of four years to fish up to 55,000 tonnes of tuna and other migratory species per year.

Under the protocol, up to 30 EU purse seiner vessels and 8 longliners will be able to obtain a licence and resume their operations. Activities had been interrupted since the previous protocol expired on 23 February 2026, pending the finalisation and signature of the new protocol.

Commissioner for Fisheries and Oceans Costas Kadis said: ‘Today’s renewed partnership with Seychelles shows what the EU stands for: trusted cooperation, sustainable fisheries and a stronger economy. The renewal of our partnership is positive for our fishers, for Seychelles, and for the long-term health of our shared ocean.’

This protocol reinforces the EU and Seychelles’ shared commitment to sustainable fisheries and mutual economic progress, and their fruitful collaboration in fisheries governance. As active participants in the Indian Ocean Tuna Commission (IOTC), both the EU and Seychelles seek to balance environmental sustainability and economic viability, ensuring significant fishing opportunities for the EU fleet while respecting the needs of the ecosystem.

The total EU contribution under this new protocol will amount to pound 23 million in four years, of which pound 3 million are earmarked for support to the sustainable fisheries sector in Seychelles.

In addition to the EU contribution, EU shipowners will pay to Seychelles a licence and capture fee of pound 90 per tonne, as well as a dedicated fee to environmental management and observation of marine ecosystems in Seychelles waters.

Tuna is the most consumed aquatic product in the European Union. It accounted for 11% of the EU’s total import volume of fishery and aquaculture products in 2024. This agreement allows EU vessels to supply part of this demand and reduce the EU’s reliance on fish imports.

The new protocol applies as of 27 July 2026 and will enter into force as soon as the ratification process by both parties has been completed. On the EU side, this implies the consent of the European Parliament.

You can find more information on the new Sustainable Fisheries Partnership Agreement online.

Commission and World Health Organisation strengthen cooperation on pandemic intelligence for medical countermeasures

On 24 July, the European Commission signed an EU4Health contribution agreement worth over pound 4 million with the World Health Organisation (WHO) Hub for Pandemic and Epidemic Intelligence in Berlin, Germany. The funding will go towards reinforcing global pandemic preparedness, surveillance and response capacities and will support stronger digital and collaborative pandemic intelligence-sharing. This will turn early signals into a common understanding and practical insights for decision-making in times of emergency.

The contribution agreement will feed into three complementary strands of work. Firstly, the Commission will provide daily threat and medical countermeasures analyses to the Epidemic Intelligence from Open Sources (EIOS), which connects scientists, government and communities, and is used in over 125 countries and by more than 30 organisations around the world to support early detection of public health threats. The agreement will help fund the WHO Collaboratory, which accelerates analysis and modelling of health crises situations, and is currently supporting the Ebola response. Finally, the funding will support a Decision-Support Pandemic Simulator which will help leaders make faster, smarter, and life-saving decisions in a pandemic context.

Commissioner for Equality, Preparedness and Crisis Management, Hadja Lahbib, said: ‘Today public health faces a new kind of challenge: speed. Diseases move faster and are more unpredictable than ever, racing across borders and continents. The pound 4 million in EU strategic funding to the WHO Pandemic Hub will help detect emerging health threats faster and more accurately. This reaffirms the European Union’s commitment to data-driven, science-based public health intelligence to help inform fast decisions grounded in fact and science. This partnership is a powerful example of the EU’s ability to foster innovation through collaboration. Working with our partners, we are helping to build global public goods that protect everyone, everywhere.’

The European Commission and the WHO Hub in Berlin have been working together since December 2022. Together, the Commission and the WHO Hub share the commitment to strengthening the global health security architecture through closer engagement with the European Union and international partners. This Action renews this partnership and will further strengthen pandemic and epidemic intelligence capabilities.

EU State aid rules enable social support and investments, new Commission guidance shows

New guidance from the European Commission shows how State aid rules allow EU Member States to provide social support and social investment.

This guidance assists Member States in designing State aid measures for social support and social investment, as set out in the Clean Industrial Deal. It brings together for the first time available information on State aid for social support and social investments. It presents key State aid instruments and measures that allow national authorities to support social objectives, including: aid for Services of general economic interest to finance public service obligations entrusted to one or more service providers; aid for employing workers with disadvantages or disabilities, training aid and knowledge measures benefitting employees; support to households for energy efficiency measures; and selected measures with social benefit, including aid to SMEs and startups.

The guidance provides general information on public support measures that do not constitute State aid and explains what types of State aid are allowed under EU rules. It is a ‘living tool’ and will be updated when State aid rules change. This will be done, for example, when the Commission adopts an updated General Block Exemption Regulation.

Executive Vice-President for a Clean, Just and Competitive Transition, Teresa Ribera, said: ‘The guidance published today shows the vast options that national authorities can consider for supporting diverse social objectives under EU State aid rules. Our guidance also shows possibilities for State aid that national authorities can implement directly, without any involvement of the Commission. It will facilitate public financing reaching swiftly those who are in need.’

Commission approves pound 103 million Dutch State aid scheme to accelerate greening of maritime fleet

The European Commission has approved a pound 103 million State aid scheme by the Netherlands to accelerate the greening of the Dutch maritime fleet. The scheme will support the purchase of new clean and zero-emission vessels powered by renewable methanol or renewable hydrogen and the retrofitting of existing vessels to enable them use renewable methanol and renewable hydrogen. It covers different types of vessels, including passenger, cargo and work vessels, mainly operating in the short-sea shipping segment. The support will take the form of direct grants awarded under an open, transparent and non-discriminatory selection process.

The scheme aims to help companies overcome high upfront investment costs and limited market incentives that currently slow the uptake of clean shipping technologies. The aid will be granted between 2027 and 2031 and will help bridge the investment gap in line with the objectives of EU legislation such as the FuelEU Maritime and the EU Emission Trading System.

The Commission assessed the measure under EU State aid rules, in particular Article 107(3)(c) of the Treaty on the Functioning of the EU and the 2022 Climate, Environmental Protection and Energy Aid Guidelines (CEEAG). The Commission concluded that the scheme is necessary and appropriate as the supported investments would not take place without public support at the same scale and within the same timeframe. The measure is also proportionate as it has limited effects on competition and trade in the internal market.

The non-confidential version of the decision will be made available under the case number SA.120994 in the State aid register on the Commission’s competition website once any confidentiality issues have been resolved.

Commission approves pound 300 million Italian State aid for road transport companies facing increased fuel prices

The European Commission has approved a pound 300 million Italian State aid scheme to support road transport companies facing increased fuel prices due to the Middle East crisis. The scheme was approved under the Middle East Crisis Temporary State Aid Framework (METSAF) adopted by the Commission on 29 April 2026.

The scheme aims to mitigate the impact of the increase in fuel prices resulting from the Middle East crisis. Compared to February 2026, diesel prices in Italy increased by 16.9% in March 2026, by 23.3% in April 2026 and by 18% in May 2026.

The aid will take the form of a tax credit, which may be used to offset any taxes that the company is required to pay to the government, for example income taxes, VAT, or social security contributions, by 31 December 2026. For beneficiaries active in the road transport sector established in Italy or with a registered office in Italy, the aid can cover up to 70% of the additional fuel costs resulting from the Middle East crisis for fuel purchased during the four-month period from March to June 2026. The scheme will run until 31 December 2026.

The Commission assessed the scheme under EU State aid rules, in particular Article 107(3)(c) of the Treaty on the Functioning of the EU, which enables Member States to support the development of certain economic activities subject to certain conditions, as well as Sections 1 and 2.2 of the METSAF. The Commission found that the scheme is in line with the conditions set out in the METSAF. In particular, aid will be granted based on a scheme with a clear estimated budget of pound 300 million and will be provided to temporarily support the development of companies active in the road transport sector.

The Commission concluded that the scheme is necessary, appropriate and proportionate to facilitate the development of an economic activity and does not adversely affect trading conditions to an extent contrary to the common interest. On this basis, the Commission approved the Italian scheme under EU State aid rules.

More information on the METSAF can be found online. The non-confidential version of the decision will be made available under the number SA.123830 in the State aid register on the Commission’s competition website once any confidentiality issues have been resolved.

Commission approves pound 74 million Spanish State aid to support maritime transport companies facing increased fuel prices

The European Commission has approved a pound 74 million Spanish State aid scheme to support maritime transport companies affected by increased fuel prices due to the Middle East crisis. The scheme was approved under the Middle East Crisis Temporary State Aid Framework (METSAF) adopted by the Commission on 29 April 2026.

The scheme aims to mitigate the impact of the increase in marine fuel prices on companies providing regular maritime passenger, roll-on/roll-off and freight transport services on specific routes connecting mainland Spain with the non-peninsular territories of Ceuta and Melilla, the Balearic Islands and the Canary Islands, as well as certain inter-island routes. The aid will take the form of direct grants. The amount will be based on actual fuel consumption calculated on the basis of a fixed coefficient based on gross tonnage and nautical miles sailed on eligible routes. The scheme will cover additional fuel costs resulting from the Middle East crisis incurred between 21 March and 21 September 2026. The aid will not exceed 70% of the additional fuel costs resulting from the Middle East crisis.

The Commission assessed the scheme under EU State aid rules, in particular Article 107(3)(c) of the Treaty on the Functioning of the EU, which enables Member States to support the development of certain economic activities subject to certain conditions, as well as Sections 1 and 2.3 of the METSAF.

The Commission found that the scheme is in line with the conditions set out in the METSAF. In particular, the aid will be granted based on a scheme with a clear estimated budget and will be provided to temporarily support the development of companies active in the maritime transport sector. The Commission concluded that the scheme is necessary, appropriate and proportionate to facilitate the development of an economic activity and does not adversely affect trading conditions to an extent contrary to the common interest.

More information on the METSAF can be found online. The non-confidential version of the decision will be made available under the case number SA.122731 in the State aid register on the Commission’s competition website once any confidentiality issues have been resolved.

Commission clears acquisition of Athlon by Arval

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Athlon Car Lease International B.V. (‘Athlon’) of the Netherlands by Arval Service Lease S.A. (‘Arval’) of France, which is controlled by BNP Paribas Group.

The transaction relates primarily to operational leasing markets.

The Commission concluded that the notified transaction would not raise competition concerns, given its limited impact on competition in the markets where the companies are active. The Commission found that the parties would continue to face competition from other established players on the market and that their own position in all the markets where their activities overlap would remain, at most, moderate. The notified transaction was examined under the normal merger review procedure.

More information is available on the Commission’s competition website, in the public case register under the case number M.12416.

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

CYPRUS DEPARTMENT OF METEOROLOGY

FORECAST FOR THE SEA AREA OF CYPRUS (B)

FOR THE PERIOD FROM 1200 27/07/2026 UNTIL 1200 28/07/2026

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1010hPa (hectopascal)

Seasonal low pressure is affecting the area. The weather will be mainly fine.

Visibility: Good

Sea surface temperature: 28°C

Warnings: NIL

AREA PERIOD WIND STATE OF SEA

West Coast

Afternoon West to Northwest 3 to 4, locally West 4 to 5 Smooth to Slight, locally Slight

Night Northwest to North 3 to 4, locally at first Northwest 4 to 5 Smooth to Slight, locally at first Slight

Morning Variable 3, gradually Southwest to Northwest 3 Smooth to Slight

South Coast

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

Night Southwest to Northwest 3, locally Variable Smooth to Slight

Morning Variable 3, gradually Southeast to Southwest Smooth to Slight

East Coast

Afternoon Southeast to Southwest 3 to 4, locally South to Southwest 4 Smooth to Slight

Night West to Northwest 3 to 4, initially Southwest Smooth to Slight

Morning Northwest to Northeast 3, gradually Southeast to South Smooth to Slight

North Coast

Afternoon Northwest 3 to 4, locally 4 Smooth to Slight, locally Slight

Night Southeast to Southwest 3, locally Southwest to West 3 to 4 Smooth to Slight

Morning Variable 3 Smooth to Slight

Cyprus project shortlisted among Europe’s top 25 Cohesion Policy projects for 2026

The transformation of Nicosia’s Old Municipal Market into a state-of-the-art Research and Innovation Centre, now home to the CYENS Centre of Excellence, has been selected among the 25 best EU Cohesion Policy projects for 2026.

According to the Directorate General for Growth of the Ministry of Finance, the project, implemented under the THALIA 2021-2027 Cohesion Policy Programme with co-financing from the European Union, the Republic of Cyprus and the Nicosia Municipality, has reached the final stage of the REGIOSTARS Awards 2026.

Officially named CYENS Hub Nicosia, the project was chosen from 274 submissions across Europe and is competing in the category “A Competitive and Smart Europe”. Finalists will present their projects during the European Week of Regions and Cities in Brussels on October 13, with the winners announced the following day.

The Ministry described the nomination as significant European recognition for a project that successfully combines heritage preservation, urban regeneration, research, innovation and entrepreneurship.

With an investment of pound 7.8 million, the historic market has been transformed into a modern innovation hub while preserving its architectural heritage. Today, it houses research laboratories, collaborative workspaces, seminar rooms, multimedia studios, demonstration facilities and specialized infrastructure supporting research, technology development and innovative start-ups.

The project forms part of Nicosia’s Integrated Urban Development Strategy and demonstrates how EU Cohesion Policy investments can link cultural heritage protection with sustainable urban development and economic growth.

Officials said the investment has strengthened Cyprus’ research and innovation ecosystem, expanded CYENS’ activities and fostered collaboration among researchers, universities, businesses and the wider community. It has also contributed to job creation, attracted businesses and researchers, and reinforced the regeneration of Nicosia’s historic walled city.

CNA/MC/EC/EPH/2026S, CYPRUS NEWS AGENCY