Registered unemployed down by 3.9% on an annual basis in December

The number of registered unemployed fell by 3.9% in December on an annual basis, data released on Wednesday by the Cyprus Statistical Service (CyStat) show.

In particular unemployed persons, registered at the District Labour Offices on the last day of December 2025, reached 11,901 persons.

Based on the seasonally adjusted data which reflect the trend of unemployment, the number of registered unemployed for December 2025 decreased to 9,916 persons, in comparison to 10,013 in the previous month, CyStat said.

In comparison with December 2024, a decrease of 481 persons or 3.9% was recorded.

This decrease is mainly attributed to the sectors of construction, accommodation and food service activities, trade, manufacturing, as well as to the decrease recorded for newcomers in the labour market, the figures show.

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

CYPRUS DEPARTMENT OF METEOROLOGY

FORECAST FOR THE SEA AREA OF CYPRUS (A)

FOR THE PERIOD FROM 0600 07/01/2026 UNTIL 0600 08/01/2026

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1021hPa (hectopascal)

Increased medium and high cloud will be present at times.

Costa, von der Leyen and Zelensky hold joint meeting with President Christodoulides

President of the European Council Antonio Costa, President of the European Commission Ursula von der Leyen, and President of Ukraine Volodymyr Zelensky, arrived at the Presidential Palace on Wednesday afternoon for a joint meeting on Ukraine with President of the Republic Nikos Christodoulides, in the context of the Cyprus Presidency of the Council of the EU.

President Zelensky arrived first, followed a few minutes later by von der Leyen and then Costa, who were welcomed by the President of the Republic on the steps of the Presidential Palace. Afterwards, all four exited the Presidential Palace for a commemorative photo.

Shortly before their joint meeting, President Christodoulides said that today is an important day and that Cyprus is ready to deliver and work together during its six-month Presidency for an autonomous EU, open to the world.

«I am very glad to have Ursula, Antonio, Volodimir in Cyprus in this very very important day for Cyprus. As I very often publicly say, the accession to the EU was the most important development in Cyprus since 1960 and we are very proud to have the Presidency of the Council. We will do our utmost, we are ready to deliver and to work together with the Commission, the EU Parliament in order to have an autonomous EU open to the world.» President Christodoulides said.

Moreover, the President will have a bilateral meeting with the President of the European Council to coordinate work on the European priorities of the semester, within the framework of the role of the Council Presidency in ensuring the cohesion of the Union in the face of international challenges and strengthening Europe’s strategic autonomy, security and resilience.

The President of the Republic will also meet the President of Lebanon, Joseph Aoun focusing on stability in the Eastern Mediterranean, regional developments and the strengthening of EU and Southern Neighborhood cooperation channels.

Later in the day, heads of European institutions, leaders and representatives of states and governments as well as representatives of other organisations and bodies will attend the opening ceremony of the Cyprus EU Presidency at the Cyprus Theatre Organization building in Nicosia.

The ceremony will be attended by the President of the European Council Antonio Costa, the President of the European Commission Ursula von der Leyen, the President of the European Court of Auditors Tony Murphy, the President of Ukraine Volodymyr Zelensky, the President of Moldova Maia Sandu, the President of Iraq Abdul Latif Rashid, the President of Lebanon General Joseph Aoun, the Secretary-General of the League of Arab States, Ahmed Aboul Gheit and the Secretary-General of the Gulf Cooperation Council, Jasem Mohamed AlBudaiwi. Bahrain, Egypt, Saudi Arabia, Qatar and the United Arab Emirates, will be represented at a ministerial level.

President Nikos Christodoulides will host an official dinner for the heads of the 14 official delegations, at the Leventis Gallery in Nicosia.

Cyprus, an EU member since 2004, assumed the Presidency of the Council of the EU for the second time, on January 1st, 2026.

President highlights close bilateral ties in meeting with Egyptian Petroleum Minister

President of the Republic, Nikos Christodoulides, referred to the close cooperation between Cyprus and Egypt during his meeting today at the Presidential Palace with the Egyptian Minister of Petroleum, Karim Badawi, who is in Nicosia representing Egyptian President Abdel Fattah El Sisi at the opening ceremony of the Cyprus Presidency of the Council of the EU.

Welcoming the Egyptian Minister, the President of the Republic said, among other things, that “one of our main priorities during our Presidency is to bring the European Union closer to the region, closer to Egypt.”

“Egypt is a strategic partner of the EU,” the President continued, noting that it is also a pillar of stability in a region that faces many challenges but also has many opportunities ahead of it, presented by the cooperation between Cyprus and Egypt.

He added that energy is a key issue on his agenda and noted that on Thursday he will have a meeting with a senior ENI executive.

He also stressed the importance of exploiting the “Kronos” deposit and that there should be coordination so that developments can take place as soon as possible.

In a post on X, President Christodoulides described the meeting as “particularly constructive.”

“During our Presidency, Cyprus will consistently advocate and underscore the need for a continued and strengthened EU engagement with Egypt, a key partner for regional stability. I look forward to close coordination in advancing our shared priorities,” he said.

For his part, the Egyptian Minister of Petroleum congratulated the President of the Republic on Cyprus’ assumption of the Presidency of the Council of the EU, noting that the two countries are strategic partners.

He also expressed his belief that the Cyprus Presidency will have a tangible and meaningful impact at all levels.

PRESS RELEASE – EUROPEAN COMMISSION

Speech by President von der Leyen at the Opening Ceremony of the Cypriot Presidency

‘Check against delivery’

Dear President Christodoulides, dear Nikos,

Dear President Zelenskyy, dear Volodymyr,

Dear President Sandu, dear Maia,

Dear President Rashid,

Dear President Aoun,

Dear President Costa, dear António,

Dear Deputy Minister Raouna, dear Marilena,

Your Excellencies,

Ladies and gentlemen,

It is a pleasure to be back in Cyprus. A country blessed with more than 300 days of sunshine each year. A land of remarkable beauty, fitting for the birthplace of Aphrodite. Today, you are a proud European country with a thriving economy, and a society looking firmly to the future. We see that here in Nicosia, one of Europe’s fastest-growing centres for tech start-ups. Here, AI innovators are building the technologies of tomorrow, in the shadow of Byzantine churches. Cyprus captures what is best about Europe, our ability to combine tradition with innovation and to draw strength from our history as we shape the future. It is a fitting place to begin this new Presidency.

Dear Nikos,

You said recently that Cyprus is committed to a Europe that is ‘United in purpose and grounded in solidarity.’ Those words ring so true. We see it in the leadership Cyprus has shown across this region. I saw it first-hand with you, dear Nikos, during our visit to the port of Larnaca, witnessing Cyprus’s vital role in delivering humanitarian aid to Gaza. We see it in the bravery of Cypriot firefighters, literally running towards the flames to save lives and homes. And with the creation of a regional firefighting hub, Cyprus will play an even larger role in the years ahead. We see it in your experience as a frontline Member State. And we see it clearly in the central priority of your Presidency – to build a more secure and more independent Europe.

That responsibility begins in Ukraine. Because Ukraine’s security is Europe’s security. Together, we will work to deliver a just and lasting peace. And yesterday’s meeting in Paris was a very significant step in this direction. And we will continue to advance Ukraine’s and Moldova’s path towards our European Union – because a free and prosperous Ukraine and a united and prosperous Moldova belong in the EU.

We also know that only a more competitive Union can be a more independent Union. And I look forward to working with you to deliver that competitiveness. By cutting the unnecessary red tape that holds our businesses back. By completing our Single Market and bringing down barriers between our economies. And by advancing our Savings and Investment Union, to unlock the investment needed to finance Europe’s future. This Presidency marks a new moment of responsibility for Cyprus. And I have no doubt that you will once again rise to the challenge.

Ladies and gentlemen,

We meet in a country where the promise of reunification awaits to be fulfilled. Few places in the European Union understand as clearly what it means to live with the consequences of division – and, at the same time, to refuse to let division define the future. That is why it is so fitting that Cyprus assumes the EU Presidency at this moment. The European Union itself was born from conflict. Our Union is not perfect, but it is a promise: that cooperation is stronger than confrontation, that law is stronger than force. Principles that apply not only to our European Union, but equally to Greenland. Cyprus brings to its Presidency a unique moral authority. As a country at the crossroads of continents, cultures, and crises, Cyprus understands the strategic importance of peace and stability in our neighbourhood; the urgency of security in an uncertain world; and the enduring value of international law.

For the European Union, a comprehensive, fair and lasting settlement for Cyprus remains an absolute priority. That is why I appointed former Commissioner Johannes Hahn as EU Envoy for Cyprus. And it is why we will do all we can to ensure that the UN-led process succeeds, so that 2026 can bring renewed momentum towards a reunified Cyprus.

Dear friends,

It was on this island that Zeno of Citium, the founder of Stoicism, was born. A philosophy grounded in wisdom, justice, and courage. Stoicism teaches us not to fear challenges, but to meet them with clarity and resolve. To turn challenge into opportunity. To turn adversity into strength. That is what Cyprus has done, time and again, throughout the ages. And it is what Europe must do now, together. I look forward to working closely with you in the months ahead.

Congratulations to the Cypriot Council Presidency.

Thank you. And long live Europe.

Read-out from the extraordinary meeting of EU agriculture ministers on securing EU food security and sovereignty in an uncertain world

Today, EU agricultural ministers met in an extraordinary meeting, on the invitation of the European Commission and Minister Maria Panayiotou for the Cypriot Presidency of the Council. The Commission was represented at this meeting by Commissioners Hansen, Šefcovic and Várhelyi.

Recognising that agriculture is crucial for European sovereignty and that the EU agri-food sector is key to European competitiveness through millions of jobs and added value, the participants took stock of the challenges facing farmers and the agri-food sector, and exchanged views on their expectations for 2026. Discussions focused on concerns arising from heightened volatility and uncertainty in the global markets, as well as on the need to preserve a strong competitive position of European farmers.

More information is available in the read-out of the meeting. A more detailed version will be available on DG AGRI’s website shortly.

You can follow the press point by Commissioners Hansen, Šefcovic, and Várhelyi, together with Minister of Agriculture, Rural Development and Environment of Cyprus, Maria Panayiotou, live now on EBS.

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 07/01/2026 UNTIL 1200 08/01/2026

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1024hPa (hectopascal)

Weak high pressure is affecting the area. In the evening, tonight and tomorrow morning, increased medium and high cloud will be present. Dust in suspension.

Visibility: Good

Sea surface temperature: 19°C

Warnings: NIL

AREA PERIOD WIND STATE OF SEA

West Coast

Afternoon East to Southeast 3 to 4 Smooth to Slight

Night East to Southeast 3 to 4, gradually 4 Smooth to Slight, gradually Slight

Morning East to Southeast 4, at times locally 4 to 5 Slight

South Coast

Afternoon Northeast to Southeast 3 to 4 Smooth to Slight

Night North to Northeast 3, later locally 3 to 4 Smooth to Slight

Morning Northeast to Southeast 3 to 4 Smooth to Slight

East Coast

Afternoon Northeast to East 3 to 4 Smooth to Slight

Night Northeast to Southeast 3 Smooth to Slight

Morning Northeast to Southeast 3 to 4 Smooth to Slight

North Coast

Afternoon Northeast to East 3 to 4 Smooth to Slight

Night Northeast to Southeast 3 to 4, gradually Northeast to East 4 Smooth to Slight, gradually Slight

Morning Northeast to East 4, at times offshore 4 to 5 Slight

Time of issue: 1130

Date: 07/01/2026

Presidents of Cyprus and Lebanon meet in Nicosia

President of the Republic Nikos Christodoulides held a meeting on Wednesday afternoon with President of Lebanon, Joseph Aoun focusing on stability in the Eastern Mediterranean, regional developments and the strengthening of EU and Southern Neighborhood cooperation channels.

President Aoun arrived at the Presidential Palace together with the First Lady of Lebanon. They were welcomed on the steps of the Presidential Palace by President Christodoulides and First Lady Philippa Karsera Christodoulides. President Aoun will later attend together with many other dignitaries, the official opening ceremony of the Cyprus Presidency of the Council of the EU.

Welcoming the Lebanese President, President Christodoulides said that “this is our 5th meeting since your election, which is a clear indication not only of our personal friendship but also of the level of relations between our countries”. He noted that one of the priorities of the Cyprus Presidency of the EU is the strengthening of EU relations with Lebanon.

He said he was glad for the declaration of the Association Council that also refers to the start of discussions between the EU and Lebanon and assured that Cyprus will take the lead in this direction and will do everything necessary to start discussions on a comprehensive and strategic agreement.

“I am also pleased that next Friday, the President of the European Commission will visit Lebanon for the second time, the first being when we visited it together, as will the President of the European Council for the first time. We are pleased that their visits are taking place in Lebanon during our Presidency of the Council of the EU.” he concluded.

Meanwhile, earlier in the afternoon, President of the European Council Antonio Costa, President of the European Commission Ursula von der Leyen, and President of Ukraine Volodymyr Zelensky, arrived at the Presidential Palace for a joint meeting on Ukraine with President of the Republic Nikos Christodoulides.

Shortly before their joint meeting, President Christodoulides said that today is an important day and that Cyprus is ready to deliver and work together during its six-month Presidency for an autonomous EU, open to the world.

«I am very glad to have Ursula, Antonio, Volodimir in Cyprus in this very very important day for Cyprus. As I very often publicly say, the accession to the EU was the most important development in Cyprus since 1960 and we are very proud to have the Presidency of the Council. We will do our utmost, we are ready to deliver and to work together with the Commission, the EU Parliament in order to have an autonomous EU open to the world,» President Christodoulides said.

Moreover, the President held a bilateral meeting with the President of the European Council to coordinate work on the European priorities of the semester, within the framework of the role of the Council Presidency in ensuring the cohesion of the Union in the face of international challenges and strengthening Europe’s strategic autonomy, security and resilience.

Later in the afternoon, heads of European institutions, leaders and representatives of states and governments as well as representatives of other organisations and bodies will attend the opening ceremony of the Cyprus EU Presidency at the Cyprus Theatre Organization building in Nicosia.

The ceremony will be attended by the President of the European Council Antonio Costa, the President of the European Commission Ursula von der Leyen, the President of the European Court of Auditors Tony Murphy, the President of Ukraine Volodymyr Zelensky, the President of Moldova Maia Sandu, the President of Iraq Abdul Latif Rashid, the President of Lebanon General Joseph Aoun, the Secretary-General of the League of Arab States, Ahmed Aboul Gheit and the Secretary-General of the Gulf Cooperation Council, Jasem Mohamed AlBudaiwi. Bahrain, Egypt, Saudi Arabia, Qatar and the United Arab Emirates, will be represented at a ministerial level.

President Nikos Christodoulides will host an official dinner for the heads of the 14 official delegations, at the Leventis Gallery in Nicosia.

Cyprus, an EU member since 2004, assumed the Presidency of the Council of the EU for the second time, on January 1st, 2026.

Von der Leyen: Cyprus reunification priority, EU principles extend to Greenland

The reunification of Cyprus remains ‘an absolute priority’ for the European Union, European Commission President Ursula von der Leyen said on Wednesday, linking the island’s long-standing division with broader European principles that apply ‘equally to Greenland,’ as she addressed the opening ceremony of the Cypriot Presidency of the Council of the EU.

Speaking at the opening ceremony of the Cypriot Presidency of the Council of the EU, von der Leyen said the EU ‘will do all we can to ensure that the UN-led process succeeds,’ expressing hope that 2026 could bring ‘renewed momentum towards a reunified Cyprus.’ She recalled her decision to appoint former Commissioner Johannes Hahn as EU Envoy for Cyprus, stressing the importance Brussels attaches to the issue.

‘We meet in a country where the promise of reunification awaits to be fulfilled,’ she said.

She also said that few places in the European Union understand as clearly what it means to live with the consequences of division – and, at the same time, to refuse to let division define the future.

“That is why it is so fitting that Cyprus assumes the EU Presidency at this moment. The European Union itself was born from conflict”, she said. She added that the EU is not perfect, but it is a promise: that cooperation is stronger than confrontation, that law is stronger than force.

“Principles that apply not only to our European Union, but equally to Greenland”, she said. She added that Cyprus brings to its Presidency a unique moral authority.

“As a country at the crossroads of continents, cultures, and crises, Cyprus understands the strategic importance of peace and stability in our neighbourhood; the urgency of security in an uncertain world; and the enduring value of international law”.

Von der Leyen described Cyprus as a country that embodies ‘what is best about Europe,’ combining tradition with innovation and draw strength ‘from our history as we shape the future’. Referring to Nicosia as one of Europe’s fastest-growing tech start-up hubs, she noted that AI innovators are building the technologies of tomorrow ‘in the shadow of Byzantine churches.’

Addressing President Nikos Christodoulides, she echoed his call for a Europe ‘united in purpose and grounded in solidarity,’ pointing to Cyprus’s leadership in the region. She referred to their recent visit to the port of Larnaca, highlighting Cyprus’s role in delivering humanitarian aid to Gaza, as well as the bravery of Cypriot firefighters.

“And with the creation of a regional firefighting hub, Cyprus will play an even larger role in the years ahead. We see it in your experience as a frontline Member State. And we see it clearly in the central priority of your Presidency – to build a more secure and more independent Europe”, she said.

Von der Leyen also stressed that Europe’s security begins with Ukraine, reiterating that ‘Ukraine’s security is Europe’s security,’ and reaffirmed the EU’s commitment to a just and lasting peace, as well as to Ukraine’s path towards EU membership.

“And yesterday’s meeting in Paris was a very significant step in this direction. And we will continue to advance Ukraine’s and Moldova’s path towards our European Union – because a free and prosperous Ukraine and a united and prosperous Moldova belong in the EU”, she said.

She also stressed the need for a more competitive Union, linking competitiveness to independence. This, she said, requires cutting unnecessary red tape, completing the Single Market, breaking down barriers between economies and advancing the Savings and Investment Union to unlock financing for Europe’s future.

Concluding her remarks, von der Leyen invoked Zeno of Citium, the Cypriot founder of Stoicism, describing a philosophy rooted in wisdom, justice and courage. ‘Stoicism teaches us not to fear challenges, but to meet them with clarity and resolve,’ she said, adding that this is what Cyprus has done throughout its history – and what Europe must now do together.

She congratulated Cyprus on assuming the Council Presidency and closed with the words: ‘Long live Europe.’

Pure new loans down in November 2025

Pure new loans recorded a decrease to pound 256.3 million in November 2025 (from total of pound 565.2 million), compared with pound 429.4 million (from total of pound 624.9 million) in the previous month, according to the Central Bank of Cyprus.

The CBC released on Wednesday the statistics on the average interest rates applied by monetary financial institutions (MFIs) in Cyprus on deposits and loans of euro area residents in euro, as well as data regarding volumes (amounts) of new euro denominated loans to euro area residents for the reference month of November 2025. These statistics are included in the December 2025 edition of Monetary and Financial Statistics. In parallel, comparative data for the eurozone countries are presented in the Data Portal of the European Central Bank.

Deposit Rates

The interest rate on deposits from households with an agreed maturity of up to one year recorded an increase to 1.13%, compared with 1.07% in the previous month.

The corresponding interest rate on deposits from non-financial corporations registered a decrease to 1.17%, compared with 1.23% in the previous month.

Lending Rates

The interest rate on consumer credit increased to 6.95%, compared with 6.88% in the previous month.

The interest rate on loans for house purchase increased to 3.86%, compared with 3.73% in the previous month. It is noted that, the portfolio of loans for house purchase of the MFIs contains various types of loans, such as loans for primary residence, for vacation houses etc, which bear different risk and interest rate. The composition of the housing loans portfolio varies from month to month, resulting in changes to the level of the weighted average interest rate, independently of the increases or decreases of the interest rates of the MFIs.

The interest rate on loans to non-financial corporations for amounts up to pound 1 million remained unchanged at 4.39%, compared with the previous month. The interest rate on loans to non-financial corporations for amounts over pound 1 million registered an increase to 4.50%, compared with 3.69% in the previous month, driven by the prevalence of higher risk loans.

Amounts of pure new loans

Pure new loans recorded a decrease to pound 256.3 million in November 2025 (from a total of pound 565.2 million), compared with pound 429.4 million (from a total of pound 624.9 million) in the previous month.

In particular, according to the official data, pure new loans for consumption decreased to pound 20.4 million (from a total of pound 23.4 million), compared with pound 23.7 million in the previous month (from a total of pound 25.1 million).

Pure new loans for house purchase fell to pound 113.4 million (from a total of pound 155.7 million), compared with pound 117,5 million in the previous month (from a total of pound 158.7 million).

Pure new loans to non-financial corporations for amounts up to pound 1 million decreased to pound 48.3 million (from a total of pound 59.6 million), compared with pound 50.8 million in the previous month (from a total of pound 68.3 million).

Pure new loans to non-financial corporations for amounts over pound 1 million registered a drop to pound 69.6 million (from total of pound 320.8 million), compared with pound 232.0 million in the previous month (from total of pound 359.6 million).

Cyprus interest rates in a European context: Analysis and comparison – Loan interest rates (outstanding amounts)

The interest rate level on outstanding loans in Cyprus is close to the respective Eurozone median, with the spread standing at zero (0.0%) for households and to 0.4% for non-financial corporations.

Loan interest rates (new business)

The interest rate level on new loans in Cyprus is comparable to the Eurozone median. More specifically, the spread between the weighted average interest rate on loans to households for house purchase stands at -0.4% (lower than the Eurozone median), while the respective spread for non-financial corporations stands at 0.8%.

Deposit interest rates (outstanding amounts)

In contrast to the loans interest rates, interest rates on outstanding deposits in Cyprus are considered as outlier, standing at the lower level within Eurozone. This might be attributed to the excess liquidity of credit institutions in Cyprus, which is among the higher ones within Eurozone. (indicatively, the Liquidity Coverage Ratio – LCR in Cyprus in November 2025 stood at 319%, compared with 191% (median) and 161% (mean) in European Union in September 2025), as well as to the short range of the banking sector in Cyprus.

Deposit interest rates (new business)

Similarly with interest rates on outstanding deposits, the interest rates on new deposits in Cyprus are standing at the lower level within Eurozone, due to the same reasons mentioned above, the CBC concludes.

Cyprus Stock Exchange

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

MEETING DATE: 07/01/2026

INDICES BASE VALUES: FTSEMed=5000, OTHERS = 1000

EURO (pound )

TRADED VALUE 432.046,33

INDEX

VALUE

%DIFF.

VALUE

FTSE/CySE 20

172,890

1,410

391.148,330

MAIN MARKET INDEX

229,800

1,320

371.364,570

INVESTMENT COMPANIES MARKET INDEX

3.126,750

1,860

77.587,720

CSE GENERAL INDEX

285,040

1,420

401.153,890

HOTELS INDEX

2.174,900

-0,970

2.606,000

ALTERNATIVE MARKET INDEX

1.904,570

0,270

31.576,590

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