British Bases and Cypriot officers conduct joint training to combat human trafficking

The UK Border Force National Safeguarding and Modern Slavery (SAMS) team were in Cyprus recently to conduct joint training in the British Bases with Immigration and Customs officers from the Sovereign Base Areas and the Republic of Cyprus, a press release issued on Wednesday by the British Bases (SBA) said.

According to the press release, “modern slavery and human trafficking is a deepening issue in the region and for Cyprus, due to its boundary with the north, it is an area of concern.”

As noted, the training, which also included the SBA and Republic of Cyprus Police and representatives from British missions in Nicosia and Athens, is part of a wider push to protect vulnerable people, with sessions focusing on spotting the signs of trafficking, understanding the law – both UK and international – putting victims first, and working together across agencies to stop traffickers.

According to Charlotte Wright, Officer in Charge of Customs and Immigration, based in Akrotiri, the training was absolutely critical to the mission.

‘I was delighted to welcome the Border Force SAMS team because safeguarding the vulnerable, both at our boundaries and within the wider community, remains a cornerstone of our mission and a shared priority for Immigration and the police. Ensuring our officers are equipped to identify and support those at risk i fundamental to delivering effective safeguarding outcomes,’ she noted.

It is added that joint training between Bases and Republic of Cyprus officials took place in both 2020 and 2022 and according to Amanda Read, the UK SAMS lead, it is working.

‘Significant progress has been made in addressing modern slavery and human trafficking, with enhanced safeguarding measures and stronger partnerships delivering real, lasting change. The commitment to protecting vulnerable individuals and dismantling exploitation networks is clearer than ever,’ she noted.

Furthermore, Bases Head of Customs and Immigration, Mark Hartley, said cooperation is vital to tackling the global trafficking of vulnerable individuals and said the close working relationship with his RoC counterparts is vital to its success.

“The Bases is unwavering in its commitment to combating Organised Immigration Crime. Our strong relationship with the Republic of Cyprus is central to this effort, and our joint training initiatives in modern slavery and human trafficking exemplify the importance of collaboration,” he noted.

“Tackling people smuggling in all its forms remains a priority, and through shared expertise and intelligence, we are better equipped to address this global challenge. Together, we are building judicial and intelligence capacity, enhancing our ability to dismantle organised criminal groups and bring offenders to justice, both locally and internationally,” he added

Finally, Cyprus Police representative on the course, Floris Nikandrou, also referenced the importance of the working relationship.

‘The Cyprus Police welcome’s initiatives like this course, organised by the Bases. We were very happy to be invited and given the chance to be trained alongside our colleagues in SBA Customs and Immigration. It is important that we share a close working relationship in order for us to effectively tackle this deeply problematic issue and we look forward to continuing that in the future,’ he said.

Slight CCLEI slowdown in October, economy continues to perform well, says UCY ERC

A slight slowdown in growth of 2.0% on an annual basis was recorded in October 2025 by the Cyprus Composite Leading Economic Index (CCLEI), which is compiled and estimated by the Economics Research Centre (ERC) of the University of Cyprus, showing a steady annual growth rate, which, according to the Centre, indicates that “the Cypriot economy continues on a positive course, amid geopolitical turmoil and increased economic uncertainty.”

This rise, as announced by the ERC on Wednesday, follows annual increases of 2.0% in September, 2.1% in August, and 2.2% in July 2025, according to the latest revised data.

It is noted that in October 2025, the Index showed a steady annual growth rate, reflecting the relative balance between positive and negative trends in the individual indicators.

It is also stated that the strengthening of the Economic Sentiment Indicator (ESI) in Cyprus and the euro area, combined with the positive trend in tourist arrivals, retail trade and real estate sales, as well as the decline in the price of Brent crude oil, contributed to the growth of the Index.

On the contrary, according to the ERC, the decrease in temperature-adjusted electricity production, which has a significant weight in the composition of the CCLEI, held back CCLEI’s positive growth rate.

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

FOR THE PERIOD FROM 1800 05/11/2025 UNTIL 1800 06/11/2025

Atmospheric pressure at the time of issue: 1013hPa (hectopascal)

Weak low pressure is affecting the area. The weather will be mainly fine with locally increased cloud coverage.

Visibility: Good

Sea surface temperature: 24°C

Warnings: NIL

AREA

PERIOD

WIND

STATE OF SEA

West Coast

Night

Northeast to East 3

Smooth to Slight

Morning

Northeast to Southeast 3, later locally 3 to 4

Smooth to Slight

Afternoon

South to Southwest 3 to 4

Slight

South Coast

Night

North to Northeast 3 to 4, locally 4

Slight

Morning

Northeast to Southeast 3, gradually Southeast to South

Smooth to Slight

Afternoon

South to Southwest 3 to 4

Slight

East Coast

Night

North to Northeast 3 to 4, locally 4

Slight

Morning

Northeast to East 3 to 4, later Southeast to South 3

Slight, later Smooth to Slight

Afternoon

South to Southwest 3 to 4

Smooth to Slight

North Coast

Night

Northeast to Southeast 3 to 4, locally Northeast to East 4

Slight

Morning

Northeast to East 3, later Variable 3

Slight, later Smooth to Slight

Afternoon

South to Southwest 3 to 4

Smooth to Slight

Cyprus and the UK launch Europe’s first counter-terrorism programme for tourism

The British High Commission, in collaboration with the Deputy Ministry of Tourism, is hosting a conference titled ‘Safeguarding Cyprus’s Tourism Industry’. The conference will officially launch the Counter-Terrorism Awareness E-Learning Training Programme on Wednesday, 26 November 2025, at the City of Dreams Mediterranean.

According to a press release, this initiative marks the first formal rollout of its kind in Europe and represents a major advancement in joint UK-Cyprus efforts to strengthen public safety and preparedness within the tourism industry.

The programme has been developed by the UK Home Office specifically for the Deputy Ministry of Tourism, as part of a strategic initiative to strengthen protective security in Cyprus’s tourism industry. It is designed to equip professionals working in busy environments, such as hotels, airports, ports, restaurants, bars, shopping centres, and entertainment venues, with the skills to identify and respond to a range of serious threats. These include suspicious behaviour and items, bomb threats, firearm and weapons attacks, and insider threats.

It serves as a practical, sector-wide preparedness tool for managing serious incidents that could disrupt operations or compromise public safety. By equipping frontline staff and management with the ability to recognise and respond to threats swiftly and effectively, the programme directly supports the safety of both visitors and personnel. In doing so, it reinforces Cyprus’ standing as a secure, resilient, and high-quality tourist destination, it is added.

To ensure maximum accessibility and impact, the e-learning modules will be hosted on the Deputy Ministry of Tourism’s official website. “Designed for seamless integration into existing security protocols, the training is readily adaptable across the industry, enabling consistent, high-quality security awareness for professionals at every level” the announcement says.

The launch event will feature keynote addresses by the Permanent Secretary of the Deputy Ministry of Tourism, Dr Costas Constantinou, and the British High Commissioner, Michael Tatham, alongside panel discussions, real-life testimonials, and case studies that highlight the importance of proactive security awareness and cross-sector collaboration. Admission to the conference is free.

Industrial Turnover Index up 4% in Jan-Aug, down 3.4% in August

The Industrial Turnover Index recorded an increase of 4%, compared to the corresponding period of the previous year, data published by the Statistical Service on Wednesday show.

However, in August 2025, the Industrial Turnover Index reached 115.2 units (base 2021=100), recording a decrease of 3.4% compared to August 2024, mainly due to a drop in electricity supply.

In manufacturing, the Industrial Turnover Index for August 2025 reached 105 units, recording an increase of 1.2% compared to August 2024. An increase was also recorded in mining and quarrying (2.1%).

Decreases were noted in the electricity supply (-15.7%) and water supply and materials recovery (-1.3%) sectors.

Number of unemployed persons down 8.8% in October

The number of registered unemployed fell by 8.8% in October, according to data published on Wednesday by the Cyprus Statistical Service (CyStat).

According to CyStat, the unemployed persons, registered at the District Labour Offices on the last day of October 2025, reached 7,099 persons.

Based on the seasonally adjusted data which reflect the trend of unemployment, the number of registered unemployed for October 2025 decreased to 9,476 persons, in comparison to 9,671 in the previous month.

In comparison with October 2024, a drop of 682 persons or 8.8% was recorded.

This decrease is mainly attributed to the sectors of trade, construction, manufacturing, financial and insurance activities, as well as to the decrease recorded for newcomers in the labour market.

Cyprus’ Heads of Diplomatic Missions in Middle East and the Gulf meet in Bahrain

A meeting of the Heads of Diplomatic Missions (HDMs) of the Republic of Cyprus in the Middle East and the Gulf region was held on Monday in Manama, Bahrain.

The Ministry of Foreign Affairs said in a post on X, on Tuesday evening, that the meeting was organized by the Diplomatic Academy of the Ministry of Foreign Affairs in cooperation with the Embassy in Manama.

The HDMs were briefed by the Minister of Foreign Affairs, Constantinos Kombos, on foreign policy issues related to the region, followed by an exchange of views.

At the same time, the HDMs were informed by the Deputy Minister for European Affairs, Marilena Raouna, about the preparations ahead of the Cypriot Presidency of the Council of the European Union that begins on January 1, 2026.

Subsequently, the HDMs participated in thematic sessions with analysts from the International Institute for Strategic Studies (IISS), where they had the opportunity to exchange views in an interactive dialogue.

The meeting concluded with a visit to the Bahrain National Museum and a reception hosted by the Ministry of Foreign Affairs of Bahrain.

CYPRUS REVIEW – OCTOBER 2025

Cyprus’ effort to strengthen National Guard’s deterrent power to continue, says President

The effort to strengthen the deterrent power of the National Guard will continue, President of Cyprus, Nikos Christodoulides said on Wednesday, in press statements following the military parade, in Nicosia, for Cyprus’ Independence Day. He also stressed that the struggle continues to achieve our highest goal, which is none other than the liberation of our homeland.

Cyprus a valued partner of the US Rubio says, congratulating for independence anniversary

The Republic of Cyprus is a valued partner of the United States, said State Secretary Marco Rubio in a written statement by which he congratulates the people of Cyprus for the 65th anniversary of the Republic’s independence. The State Secretary also underlined that his country is committed to a Cypriot-led, UN-facilitated comprehensive settlement “to reunify the island as a bizonal, bicommunal federation with political equality for all Cypriots.”

Athens sends wishes to Cyprus on independence anniversary, reiterates commitment to BBF solution

The Greek Ministry of Foreign Affairs has extended its warmest congratulations and best wishes to the Republic of Cyprus on the anniversary of its declaration of independence, in a post on social media, reiterating Athens’ commitment to a settlement of the Cyprus issue based on a bi-zonal, bi-communal federation, within the framework of the relevant UN Security Council resolutions.

Kaklamanis says Cyprus-Greece need to remain united in struggle for reunification

Greece and Cyprus must remain united in the struggle for liberation and reunification of the island President of the Hellenic Parliament, Nikitas Kaklamanis said on Wednesday, in statements after the military parade in Nicosia on the anniversary of Cyprus’ independence.

EU institutions congratulate Cyprus on its Independence Day

European institutions have congratulated Cyprus on its Independence Day with posts on social media, referring also to the Cyprus Presidency of the Council of the EU in exactly three months’ time. The President of the European Council, Antonio Costa, made a post on X, sending ‘warm greetings to the people of Cyprus on Independence Day as you celebrate freedom and peace.”

There is a window of hope for the Cyprus issue, the President says

There is a window of hope today for the resolution of the Cyprus problem, President of the Republic Nikos Christodoulides said on Wednesday in a televised address on the occasion of the Independence Day of the Republic of Cyprus, stressing that the wall of the occupation of is not impenetrable.

Cyprus President and NATO SG discuss strengthening EU-NATO cooperation

The Cyprus issue and the need to further enhance cooperation between the European Union and NATO were the focus of a meeting between President, Nikos Christodoulides, and NATO Secretary General Mark Rutte, held on Wednesday evening in Copenhagen.

Cyprus President highlights importance of Readiness 2030 and SAFE for European Security

President, Nikos Christodoulides, stressed the vital importance of key EU initiatives such as Readiness 2030 and the SAFE Regulation for the security of Europe, during Wednesday’s session of the informal European Council, held in Copenhagen. According to a written statement by the Director of the President’s Press Office, Victoras Papadopoulos, the President made his remarks during an intervention at the Council’s session on Defence and Security.

Cyprus Independence Day celebrated in Brussels

Cyprus Independence Day, was celebrated in Brussels, on Wednesday, during an event in front of the Manneken Pis, the iconic statue-symbol of Brussels, which was dressed with the traditional Cypriot vraka. The event, held during early afternoon on Wednesday in Brussels, drew a large crowd of Cypriots. The Republic of Cyprus and its Permanent Representation to the EU were represented by Ambassador Petros Mavrikios, Head of the Cyprus Mission to the EU’s Political and Security Committee (PSC).

Eurostat: Cyprus records zero inflation in September, while Eurozone marks 2.2%

Cyprus poses as an exception in Europe’s inflation trends, with its annual rate reaching 0% in September 2025, according to Eurostat’s preliminary estimates. At a time when the euro area faces a moderate yet steady inflation rate of 2.2%, Cyprus stands out as the only country with no year-on-year price change, while its monthly inflation even registered a decline of -0.4%.

Thursday 02 October 2025

Ireland supports all efforts to Cyprus problem resolution, Irish Minister of State for European Affairs tells CNA

Ireland supports all efforts to seek a resolution of the Cyprus problem, in accordance with the original UN resolutions and processes, which would bring immense benefits to Cyprus, the Minister of State for European Affairs and Defence of Ireland, Thomas Byrne, told CNA, in the context of his recent three-day visit to Cyprus, as Ireland will succeed Cyprus at the Presidency of the Council of the EU in the second half of 2026. He also highlighted the need for the EU to understand the specificities of all Member States in terms of security and defence, while strengthening relations with key trade partners and at the same time diversifying its trade strategies.

Mild slowdown of CCLE Index in September, according to CypERC

The Cyprus Composite Leading Economic Index (CCLEI)1, which is constructed and estimated by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-over-year increase of 1.8% in September2 2025.

Countries that violate sovereignty of EU member states can not take part in SAFE, President stresses

President of the Republic, Nikos Christodoulides, has stressed that countries that violate in any way the sovereignty and territorial integrity of EU member states can not participate in the Security Action for Europe (SAFE) instrument. The President participated on Wednesday in the informal European Council Summit in Copenhagen and on Thursday in the Summit of the European Political Community. In the context of the consultations, the President of the Republic stressed three key points, firstly the principle that countries that violate the sovereignty or territorial integrity of EU Member States cannot participate in the SAFE instrument.

We have an obligation to constantly strengthen our defence, Spokesperson says

We have an obligation, as a semi-occupied country, to constantly strengthen our defence, Government Spokesperson, Konstantinos Letymbiotis, said on Thursday, in Nicosia. Asked, during a media briefing at the Presidential Palace to comment on statements by Turkish Cypriot leader Ersin Tatar on the Republic of Cyprus’ armament programme, following Wednesday’s military parade for the anniversary of the Independence of the Republic of Cyprus, the Spokesperson said that all the actions the government has been taking, ‘regarding the defence of our country are aimed at exactly what I have described, the defence of our country.’ ‘A country which, let us remind Mr Tatar and Turkey, has been experiencing the tragic consequences of a barbaric invasion and an illegal occupation for 51 years.

Cyprus President discusses EU-NATO cooperation with Rutte in Copenhagen

Further strengthening the defence and security of the European Union is a priority for the Republic of Cyprus, Government Spokesperson Konstantinos Letymbiotis said on Thursday, while referring to a meeting, in Copenhagen, between the President of Cyprus and NATO chief. Speaking at a media briefing, in Nicosia, Letymbiotis referred to the contacts of Cyprus President, Nikos Christodoulides, in Copenhagen, and said that on Wednesday evening, ‘as has already been announced’ the President had a meeting with NATO Secretary General Mark Rutte.

Cyprus inflation falls by 0.7% in September for fifth consecutive month

Inflation in Cyprus continued to ease in September, marking the fifth consecutive month of annual decline. According to data released on Thursday by the Statistical Service of Cyprus, the Consumer Price Index (CPI) recorded a year-on-year decrease of 0.7%. The CPI reached 117.71 units in September compared with 117.04 in August, reflecting a monthly increase of 0.67 units or 0.6%. On an annual basis, the largest positive change was recorded in Services (+3.1%), while the steepest decreases were observed in Electricity (-10.9%), Agricultural Products (-5.0%) and Petroleum Products (-2.7%).

Retail trade turnover up 4.9% in value and 8.4% in volume in August

Retail trade turnover in Cyprus, excluding motor vehicles, recorded a significant increase in August 2025, according to data released on Thursday by the Statistical Service of Cyprus. The Value Index rose by 4.9% year-on-year, while the Volume Index increased by 8.4% compared with August 2024.

Cyprus President co-signs in Copenhagen two declarations on drugs, migration

President of Cyprus, Nikos Christodoulides, co-signed on Thursday in Copenhagen, a declaration regarding the launch of a pan-European alliance against drugs, as well as another declaration in relation to tackling migration, in the framework of the European Political Community Summit, according to the Director of the Press Office of the President, Victor Papadopoulos. In a written statement, Papadopoulos notes that Cyprus was among the co-signatories of the two declarations, which included, among others, Greece, Britain, Italy, Germany, Denmark, and the Netherlands. When it comes to dealing with the problem of drugs, the 34 leaders that co-signed the declaration express their intention to cooperate in order to tackle effectively the issue throughout the European continent, Papadopoulos further says.

New lending records significant decline in August

New lending recorded a significant decrease in August 2025, according to data released Thursday by the Central Bank of Cyprus (CBC) on average deposit and lending rates, as well as amounts of new loans. The figures were published in the September 2025 edition of Monetary and Financial Statistics.

State budget maintains resilience of economy, FinMin says while presenting it to House President

The 2026 state budget is a growth budget and continues to maintain the resilience of the economy, Finance Minister Makis Keravnos said on Thursday presenting the budget to President of the House of Representatives Annita Demetriou. The House President noted the importance of the budget having surplus and growth and added that the debate in Parliament begins on October 13. “It is a growth budget, which continues to maintain the resilience of our economy with the necessary surpluses so that we can reduce public debt, release the potential and strength of the economy, and be able to offer more development, more social policy and more security for the citizens of our country,” the Finance Minister stressed.

Cyprus President holds bilateral meetings in Denmark, including with Zelensky

President of the Republic Nikos Christodoulides held on Thursday, in Denmark, a series of important meetings with heads of state or government in view of the Cyprus Presidency of the Council of the EU, Deputy Minister for European Affairs Marilena Raouna said. According to a press release by the Presidency, Raouna, who is accompanying the President of the Republic in Denmark, said that the President of Ukraine was among the leaders and that it was agreed that President Christodoulides would pay a visit to the country in December.

Ukrainian President thanks Cyprus for its support

President of Urkaine Volodymyr Zelenskyy thanked Cyprus for its support and its participation in the Coalition of the Willing for a peace in Ukraine. Zelenskyy met Thursday with President Nikos Christodoulides in Copenhagen on the sidelines of the informal European Council and the meeting of the European Political Community. Zelenskyy posted on X that together with President of Cyprus they discussed infrastructure projects and defence cooperation.

Friday 03 October 2025

Industrial Turnover up 4.9% in first seven months of 2025

The Industrial Turnover Index recorded an increase of 4.9% for the period of January – July 2025, compared to the corresponding period of the previous year, according to data published by the Statistical Service on Friday. In July 2025, the Industrial Turnover Index reached 159.9 units (base 2021=100), recording an increase of 3.5% compared to July 2024. In manufacturing, the Industrial Turnover Index for July 2025 reached 156.1 units, recording an increase of 9.1% compared to July 2024. Increases were also recorded in water supply and materials recovery (6.5%) and mining and quarrying (6.1%). A decrease was noted in the electricity supply sector (-15.7%).

Cyprus expects new request for second Gaza flotilla vessel to dock at Larnaka port

Cyprus expects to receive a new request for second Gaza flotilla vessel to dock at Larnaka port, Government Spokesperson Konstantinos Letymbiotis told the Cyprus News Agency.

Statistical Service: House prices up 1% in second quarter of 2025

House Prices Index recorded an increase of 1% in the second quarter of 2025, according to preliminary estimates of the Statistical Service, published on Friday. The HPI for the second quarter of 2025 amounts to 113.99 units (2015=100). Compared to the first quarter of 2025, the HPI increased by 0.2%.

Cyprus-EU officials discuss multilingual AI tools’ use by citizens and public sector

The aim is to ensure that artificial intelligence is used with respect for the values of democracy, equality, and human rights, said Deputy Minister of Research, Innovation and Digital Policy, Nicodemos Damianou, in his welcome address at the Press and Information Office event on “Empowering Europe with Artificial Intelligence and the European Commission’s multilingual services based on Artificial Intelligence,” which took place on Friday morning at the Presidential Palace.

Democracy, citizens’ engagement and education at the centre of Cyprus Forum discussions

Cyprus’ Parliament must take the lead in rebuilding the relationship between citizens and democracy, House President Annita Demetriou said on Friday, addressing the Cyprus Forum 2025. Addressing the same event, the French Ambassador highlighted aspects of participatory democracy in her country, while Cyprus’ Education Minister and a European Commission official underlined the need to strengthen active citizenship and democratic reflexes through education.

Regional developments, energy, defence and security discussed at Cyprus Forum

Developments in the region and geopolitical changes, energy issues, as well as the defence and security of the European Union were some of the topics discussed on Friday within the framework of the Cyprus Forum 2025. The UK sees Cyprus as a really important regional partner, British High Commissioner, Michael Tatham said, in a discussion at the Cyprus Forum on diplomacy, trade and security in the EuroMed region.

Spokesman tells CNA that a second vessel of the Gaza flotilla docked in Paphos

A second vessel that participated in the flotilla transporting humanitarian aid to the Gaza Strip docked in Paphos on Friday afternoon, Government Spokesperson Konstantinos Letymbiotis told CNA. Letymbiotis said that in the morning there had been information that a second vessel had possibly submitted a request for docking at a port in the Republic of Cyprus, after the first vessel had arrived late last night at the port of Larnaca.

UNSC resolutions the only viable path ahead for Cyprus, Greek Cypriot negotiator says

What is defined in the UN Security Council resolutions constitutes the only viable path ahead for Cyprus and for all Cypriots, negotiator of the Greek Cypriot side for the Cyprus problem, Menelaos Menelaou, said on Friday. He was speaking during a discussion on the future of the Cyprus issue in light of recent developments, within the framework of the Cyprus Forum 2025, taking part at Ledra Palace Hotel, in Nicosia.

Eurostat shows explosion in housing prices in Europe, Cyprus relatively stable

House prices in Europe continue to rise rapidly, according to the latest Eurostat data for the second quarter of 2025. Specifically, the average increase in the euro area reached 5.1%, while in the European Union it was 5.4% on an annual basis. Compared to the first quarter of 2025, prices rose by 1.7% in the euro area and 1.6% in the EU. As for Cyprus, the real estate market shows a relatively stable trend.

Vafeades-Javorcík discuss preparations ahead of Cyprus EU Presidency

Minister of Transport, Communications and Works Alexis Vafeades discussed on Friday in Nicosia issues related to the Cyprus Presidency of the Council of the EU with Peter Javorcík, Director-General for Transport, Energy, Environment and Education (DG TREE) of the Council of the European Union. Vafeades and Javorcík discussed preparations for the Council of Transport Ministers, which will be held in June 2026 in the context of the Cyprus Presidency of the Council of the EU.

Saturday 04 October 2025

Full implementation of Trump’s proposal for Gaza is critical, Cyprus President says

The President of the Republic, Nikos Christodoulides, has said that the full implementation of President Trump’s proposal for Gaza is critical, following Hamas’ response. In a post on X, the President reaffirmed “Cyprus’ support to President Trump’s proposal for a permanent ceasefire in Gaza”.

Cyprus already promoting issues included in illegal immigration European declaration, Minister tells CNA

The declaration on illegal immigration adopted in Copenhagen at the level of heads of European states, including Cyprus, is a reaffirmation of the goals promoted by the EU, Deputy Minister of Migration and International Protection Dr. Nicholas Ioannides has told CNA, noting that it concerns issues that the Republic of Cyprus is already promoting. Asked by CNA about the adoption by 17 European states, including Cyprus, of a series of measures to address the ‘challenges of illegal immigration’ during the European Political Community Summit in Copenhagen, Ioannides noted that it is a declaration that reaffirms the goals of the EU member states on migration.

FM discusses bilateral relations, Cyprus EU Presidency, regional developments with UAE State Minister

Cyprus’ Minister of Foreign Affairs, Constantinos Kombos, met on Saturday in Abu Dhabi with United Arab Emirates (UAE) State Minister for Europe Lana Nusseibeh, with whom he discussed, among others, about Cyprus – UAE strategic bilateral relations, the upcoming Cyprus Presidency of the Council of the EU and regional developments in the Middle East In a post on X, the Minister expressed pleasure for his meeting with UAE State Minister for Europe Lana Nusseibeh. He added that their agenda included Cyprus – UAE strategic bilateral relations, EU-UAE relations, the upcoming Cyprus Presidency of the Council of the EU, regional developments in the Middle East, and the UAE-Cyprus partnership on the “Amalthea” maritime corridor, enabling the effective delivery of humanitarian aid to Gaza.

FM stresses Cyprus-UAE shared commitment to peace and sustainable development

Cyprus’ Minister of Foreign Affairs, Constantinos Kombos, met in Abu Dhabi, on Saturday, with the Chairman of the Defence Affairs, Interior and Foreign Affairs Committee at the UAE Federal National Council, Dr Ali Rashid Al Nuaimi. In a post on X, Kombos stressed that they reaffirmed the strong friendship between Cyprus and the UAE, and “our shared commitment to tolerance, coexistence, and promoting peace and sustainable development”.

Sunday 05 October 2025

Turkey must respect international law to take part in regional partnerships, President says

If Turkey wishes to participate in regional partnerships, it must respect international law and resolve the Cyprus issue, President of the Republic, Nikos Christodoulides said on Sunday. The President was invited by the press, upon his arrival at the inauguration ceremony of a Health Center in Akaki village, in Nicosia district, to comment on statements by Turkish Foreign Minister Hakan Fidan regarding alliances in the Eastern Mediterranean.

Cyprus President expresses hope that Trump’s plan for Gaza will be implemented

Cyprus President, Nikos Christodoulides, expressed on Sunday hope that US President Donald Trump’s plan for Gaza will be implemented, noting that the Republic of Cyprus is doing its utmost towards this direction. In statements to the press upon his arrival at the inauguration ceremony of a Health Center in Akaki village, in Nicosia district, the President said that this plan ‘has the support of the international community, the support of the EU, and the support of the Arab world, and we hope that it will soon be accepted by all sides so that we can move forward with its implementation.’

Increase of ship registry strengthens Cyprus’ position, President says

One of the primary objectives of the Government, which was the qualitative and further strengthening of the Cyprus ship registry, has been achieved, President of the Republic, Nikos Christodoulides, stressed on Sunday, noting that in the last two years it recorded an increase of 20%. ‘This achievement is largely due to the strengthening of the cooperation we have achieved with the ship-owning community of Greece and the shipping companies based in Cyprus, as well as the firm support of Cypriot shipowners,’ the President stressed in his address during a formal dinner hosted at the Presidential Palace on the occasion of the Maritime Cyprus Conference that begins on Monday in Limassol.

Cyprus – GCCSG sign MoU for establishment of consultations on matters of common interest

Cyprus and the Secretariat General of the Cooperation Council for the Arab States of the Gulf signed on Sunday a Memorandum of Understanding for the Establishment of Consultations on Matters of Common Interest. The MoU was signed by Minister of Foreign Affairs Constantinos Kombos, who is visiting the UAE, and General Secretary of the GCC Jasem Mohamed Albudaiwi.

Dep. Minister and EU Commissioner discuss issues ahead of Cyprus EU Presidency

Deputy Minister for European Affairs Marilena Raouna held a meeting on Sunday with European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas, with whom she discussed issues that Cyprus will have to address during its Presidency of the Council of the EU that will begin in January. According to an official press release, Raouna informed the Greek Commissioner about the preparation of the Cyprus Presidency and the importance that Cyprus attaches to the issues of Connectivity and Tourism.

Monday 06 October 2025

Relations between the Cyprus and Greece governments stronger than ever, President stresses

Relations between the Cypriot Government and the Greek Government are stronger than ever before, President of the Republic, Nikos Christodoulides, stressed on Monday. The President was replying to questions of reporters on his arrival to the International Conference “Maritime Cyprus 2025” that is taking place in Limassol.

Safeguarding EU maritime transport competitiveness a priority of Cyprus Presidency, President says

Shipping, and safeguarding the EU’s maritime transport competitiveness in the global market will be amongst the priorities of the Cyprus Presidency of the Council of the EU that will begin in January, President of the Republic Nikos Christodoulides said Monday, in his opening address at the ‘Maritime Cyprus 2025′ Conference that began in Limassol. “Shipping, and safeguarding the EU’s maritime transport competitiveness in the global market is an indispensable component of our efforts to strengthen the Union’s competitiveness and will be amongst the priorities of our Presidency” the President stressed.

Cyprus EU Presidency a defining moment for Europe and transport policy, EU Commissioner says

Early 2026 will be a big moment for Cyprus and a big moment for European transport, European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas said Monday, in his keynote speech at the Maritime Cyprus 2025 Conference that is taking place in Limassol. Referring to the Cyprus EU Presidency that will begin in January, he noted that it will be a defining moment for Europe, and for the transport policy.

Kadis: EU – São Tomé and Príncipe Fisheries Agreement secures the future of our shared resources

A new protocol to renew their 40-year cooperation in the fisheries sector was signed by the EU and São Tomé and Príncipe. Commissioner for Fisheries and Oceans Costas Kadis stated that the signing of the new protocol marks a significant milestone, which «strengthens our shared commitment to responsible and sustainable fisheries and demonstrates the power of cooperation in protecting the ocean».

Unemployed persons decrease by 6.4% in September 2025 YoY

The number of unemployed persons, registered at the District Labour Offices on the last day of September 2025, reached 7,624, down by 6.4% compared to September 2024, the Statistical Service said in a statement. Based on the seasonally adjusted data which reflect the trend of unemployment, the number of registered unemployed for September 2025 decreased to 9,711 persons, in comparison to 10,053 in the previous month.

Eurydice: 3rd highest salary increase after 15 years of service for teachers in Cyprus

On the occasion of World Teachers’ Day, Eurydice-the European organization providing analysis and information on education systems and policies in Europe-presented an updated interactive platform mapping the salaries of teachers and school heads across 37 European countries. The data, collected in collaboration with the OECD and national experts, offer a comprehensive and comparative overview of all education levels, from pre-primary to upper secondary.

Cyprus FM concludes visit to Kuwait

Cyprus Foreign Minister Constantinos Kombos concluded his visit to Kuwait, during which he participated in the work of the 29th Joint Council and Ministerial Meeting of the Gulf Cooperation Council (GCC) and the European Union. MFA issued a statement according to which the Minister met with the EU Special Representative for the Gulf, Luigi Di Maio, with whom he exchanged views on further deepening relations and strategic partnership between EU and GCC.

House President received EU Commissioner Tzitzikostas on Monday

House President, Annita Demetriou, received EU Commissioner or Sustainable Transport and Tourism, Apostolos Tzitzikostas, on Monday. During their meeting in her office at the House of Representatives, Demetriou stressed the importance of his portfolio, saying that both transport and tourism sectors are strategic pillars of the economy in Cyprus.

Cyprus ?FA Envoy addresses UNGA80 3rd Committee

Special Envoy of the Minister of Foreign Affairs for Multilateral Affairs, Ambassador Andreas Kakouris, represented the Republic of Cyprus at the UNGA80 3rd Committee in NY and underlined, inter alia, the violations of human rights and fundamental freedoms of Cypriots, as a result of the Turkish invasion and continued occupation. He also reaffirmed Cyprus’ commitment to promoting multilateralism for a peaceful and prosperous world. In his intervention Kakouris raised, once again, the issue of human rights and violations of fundamental freedoms of Greek Cypriots resulting from the invasion and continuing occupation of part of Cyprus by Turkey.

Over 1,000 participants from 35 countries attend 1st day of Maritime Cyprus 2025

More than one thousand participants from thirty-five countries, including heads of state, ?inisters, regulators, shipowners and senior industry figures, participated in the first day of the deliberations of the Maritime Cyprus 2025 Conference that opened on Monday in the coastal town of Limassol. Having as its main theme ‘Unlocking the Future of Shipping’, the conference is organised by the Shipping Deputy Ministry, the Cyprus Union of Shipowners and the Cyprus Shipping Chamber, the CSC says in a press release.

Tuesday 07 October 2025

Eurostat: 16.6% of employees in Cyprus worked more than 45 hours per week

Cyprus is among the European Union countries where employees work the longest hours, according to the latest Eurostat data for the second quarter of 2025. Specifically, 16.6% of employees aged 20-64 worked more than 45 hours per week.

Construction production and prices show annual increase in 2Q 2025

Construction prices and production recorded an annual increase in the second quarter and the first half of this year according to the Statistical Service of Cyprus, on Tuesday. It says that the Index of Production in Construction during the second quarter of 2025 reached 131.38 units (base year 2021=100.00), recording an increase of 4.6% over the second quarter of 2024.

Wednesday 08 October 2025

Any further delay is to the detriment of the parties involved, European Commission tells CNA on GSI

The European Commission, through a spokesperson’s response to the Cyprus News Agency (CNA), has expressed its expectation for all parties to commit to the rapid implementation of the Cyprus-Greece Great Sea Interconnector (GSI), following recent developments and statements from Nicosia and Athens. The Commission emphasized that any additional delay harms all sides involved. In its response to CNA, the Commission notes that “we expect all Parties to commit to an as rapid implementation of the project as possible. Ultimately, any further delay is to the detriment of the parties involved.”

President praises Tsitsikostas for boosting National Guard’s international outreach

President of Cyprus Nikos Christodoulides stressed on Wednesday the decisive role played by outgoing Chief of the National Guard, Lieutenant General Georgios Tsitsikostas, in enhancing Cyprus’ deterrent capability and broadening the Guard’s international presence, during a farewell meeting before the conclusion of his term. The President warmly thanked Tsitsikostas for his service, noting his contribution to the strengthening of the Republic’s defensive capacity.

Commission sends warning letter to Cyprus for failing to correctly transpose Firearms Directive

The European Commission has initiated infringement proceedings by sending a letter of formal notice to Cyprus, along with Bulgaria, Denmark, and France, for failing to correctly transpose the provisions of the Firearms Directive (Directive (EU) 2021/555). The Directive establishes common minimum standards for the acquisition, possession, and commercial exchange of civilian firearms, such as those used for sport shooting and hunting.

Cyprus current account balance improves in Q2 2025, Central Bank data show

The current account balance and the international investment position (IIP) of Cyprus recorded an improvement, while its gross external debt decreased in the second quarter of 2025 (Q2 2025), according to provisional data for external statistics for Q2 2025, released by the Statistics Department of the Central Bank of Cyprus on Wednesday.

EU is ready to support shipping transformation, Commissioner Kadis says

The European Union stands ready to support the transformation of shipping into an industry with cleaner fuels, energy efficiency and innovation, European Commissioner for Fisheries and Oceans, Costas Kadis, said on Wednesday speaking at the “Maritime Cyprus 2025” Conference, in Limassol. This year’s theme, ‘Unlocking the future of shipping’, he said, aligns well with the pressing challenges the international shipping sector is facing today.

Nicosia Flight Control Centre will ensure uninterrupted air traffic, President says

The Republic of Cyprus chooses, through actions rather than words, to be a source of stability and cooperation, ensuring the uninterrupted flow of air traffic and the continuation of international air connections, even in difficult times, said the President of the Republic, Nikos Christodoulides, on Wednesday in his address at the inauguration ceremony of the Nicosia Air Traffic Control Centre in Kokkinotrimithia.

Tax reform bills to be completed within days, Finance Minister says

In his statements after a meeting he had with the Tax Commissioner and the General Secretariat of SEK trade union, Keravnos said that they had a ‘very productive discussion’ on the tax reform. In the meeting, SEK submitted their supplementary proposals on the tax reform. The Finance Minister said that ‘a lot of clarifications were given’ both from the government side to the union and from the union to the government side, ‘which, I think help everyone move forward and to complete the tax reform package in a timely and comprehensive manner, and to table it to Parliament.’

Raouna visits Strasbourg to discuss EU issues ahead of Cyprus EU Presidency

Important issues that the EU will have to address in the near future and that will be negotiated during the Cyprus EU Presidency were at the center of the contacts that Deputy Minister for European Affairs Marilena Raouna held recently in Strasbourg. According to an official press release, Raouna completed her two-day visit to Strasbourg on Wednesday, which took place within the framework of her round of contacts with the European Parliament in view of the assumption of the Cyprus Presidency of the Council of the European Union in the first half of 2026. During her visit, Raouna held meetings with Committee Chairs of the European Parliament, with the aim of strengthening relations and cooperation with the European Parliament, which as a co-legislator plays a decisive role in a successful Presidency of the Council of the EU.

Thursday 09 October 2025

Cyprus welcomes announcement of first phase of Gaza deal, FM says

Cyprus welcomes the announcement of reaching the first phase of the Gaza ceasefire and hostage deal, Foreign Minister Constantinos Kombos said on Thursday. In a post on X, he said Cyprus welcomes the announcement of reaching the first phase of the Gaza ceasefire and hostage deal. ‘I commend the US for its leadership and its sustained diplomatic efforts to this end’, he said, adding that full implementation of the agreement ‘is now absolutely vital.’

Continuous upgrading of National Guard a top priority, President says

The continuous upgrading of the National Guard and the strengthening of Cyprus’ deterrent power is a top priority for the government, President Nikos Christodoulides said on Thursday. He was speaking during the swearing-in ceremony, at the Presidential Palace, of the new National Guard Chief, Lieutenant General Emmanuel Theodorou, who succeeds Georgios Tsitsikostas.

Bounced cheques of pound 74,655 issued in September, pound 440,000 in Jan-Sept

A total of 23 bounced cheques with a value of pound 74,655 were issued in September 2025, according to data published on Thursday by the Central Bank of Cyprus (CBC). This compares with 16 cheques worth pound 52,891 in August. The total number of legal and natural persons entered into the preliminary list of the Central Information Register (CIR) for issuing bounced cheques reached 13 in September, comprising 9 legal entities and 4 individuals.

“A day of promise for our region”, Cyprus President says on Gaza agreement

Cyprus President Nikos Christodoulides said on Thursday that the agreement on the first phase of US President Donald Trump’s plan for Gaza constitutes “a day of promise and hope for our region.” In a post on X, the President welcomed the agreement on the 1st phase of US President Donald Trump’s plan for a Gaza ceasefire and hostage release.

President receives Commissioner Kadis, discusses issues related to his dossier

President of the Republic, Nikos Christodoulides, received on Thursday Cypriot EU Commissioner for Fisheries and Oceans, Costas Kadis, with whom he discussed issues related to his portfolio. According to a statement by the Presidency, Kadis, who was accompanied by his team said that their visit to Cyprus is taking place within the framework of a process of strengthening their collective work and exchanging ideas regarding the progress of the Commission’s work.

Beer deliveries in Cyprus up 24.1% in September, exports also rise

Beer deliveries in Cyprus recorded a significant annual increase of 24.1% in September 2025, according to figures released on Thursday by the Statistical Service of Cyprus. Total beer deliveries (domestic and exports) rose to 4,371,557 litres, compared with 3,521,303 litres in September 2024.

Car registrations up by 25.2% in September, EV share rises to 4.7% in 2025

Total motor vehicle registrations in Cyprus recorded a sharp annual increase of 25.2% in September 2025, compared with September 2024, while the share of electric vehicles rose to 4.7% in 2025 from 3.6% in 2024, and hybrids to 44% from 36.7%. According to the Cyprus Statistical Service’s ‘Motor Vehicle Registrations’ report for the period January-September 2025, total registrations reached 5,544 in September, compared with 4,428 in September 2024.

ECHR rules that Cyprus pays damages to G. Papadopoulos for parliamentary seat

The European Court of Human Rights unanimously ruled that in the case of Georgios Papadopoulos v. Cyprus that there had been a violation of Article 3 of Protocol No. 1 (right to free elections) to the European Convention on Human Rights. The case, a Courts press release says, concerned the fact that Cypriot law did not provide for the possibility to fill a parliamentary seat that had become vacant before the start of the parliamentary term.

Cyprus a testament to vital importance of international law, Ambassador tells UN

‘Cyprus stands as a testament to the vital importance of upholding international law and the Charter of the United Nations,” the country’s Permanent Representative to the UN, Ambassador Maria Michail said on Thursday, adding that as a victim of foreign aggression, Cyprus continues to endure the consequences of violations of its sovereignty and territorial integrity for decades.

Friday 10 October 2025

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

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

Cyprus joins EU pilot programme for internet users’ age verification

Cyprus has joined the pilot project for the development of a secure and interoperable solution for verifying the age of internet users, a key initiative of the European Commission aimed at protecting minors from harmful digital content, particularly on social media, according to a statement by the Deputy Ministry of Research, Innovation and Digital Policy. As noted, the decision was announced by the Deputy Minister, Nicodemos Damianou, during the Informal Telecommunications Council of the European Union (EU), held on Friday in Denmark.

Trade deficit increases by pound 1 bln in first eight months of 2025

The trade deficit of Cyprus was pound 5,155.4 mn in January-August 2025 compared to pound 4,154.8 mn in the corresponding period of 2024. According to the Statistical Service of Cyprus, total imports of goods in August 2025 were pound 1,098.2 mn as compared to pound 981.8 mn in August 2024, recording an increase of 11.9%.

Public Debt Management Office to auction pound 25 million in T-bills on October 20

The Public Debt Management Office (PDMO) of the Ministry of Finance will hold an auction of 13-week Treasury Bills worth pound 25 million on October 20, 2025, between 08:30 a.m. and 11:30 a.m. According to a notice published in the Official Gazette of the Republic on October 10, the issue date for the Treasury Bills (10th Series 2025), which carry no interest, is set for October 24, 2025, with a maturity date of January 23, 2026.

Cyprus can emerge as a hub of sustainable connectivity in EastMed, Vafeades tells Global Gateway

Cyprus can emerge as a hub of sustainable connectivity for the entire Eastern Mediterranean region Minister of Transport, Communications and Works, Alexis Vafeades told the Global Gateway Forum (GGF2025), organized by the European Commission on October 9 and 10 in Brussels.

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

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

Saturday 11 October 2025

Cyprus reaffirms commitment to Women’s Rights at UN

The Permanent Representative of Cyprus ambassador Maria Michail reiterated at the 80th session of the UN General Assembly’s Third Committee, the country’s strong commitment to advancing gender equality and eliminating discrimination and violence against women and girls.

GSI license transfer shows RoC interest in the project, Energy Minister tells CNA

The transfer of the GSI license and management to ADMIE demonstrates precisely what has been agreed upon in order to proceed with all pending issues and resolve them, so that the project does not encounter institutional and regulatory problems, stating in the most official manner the Republic of Cyprus’ interest in the project, the Minister of Energy, Commerce, and Industry, George Papanastasiou, told CNA on Saturday.

New RoC Ambassador briefs Czech President on Cyprus issue

The new Ambassador of the Republic of Cyprus to the Czech Republic, Aliki Paschali, briefed the President of the Czech Republic, Petr Pavel, on the Cyprus issue and the prospects for resuming negotiations to find a solution based on the agreed framework. According to a statement by the Ministry of Foreign Affairs, Paschali presented her credentials to the Czech President during an official ceremony held at the Presidential Palace in Prague.

Greece-Cyprus relations will not be disrupted, says House President

Greece and Cyprus constitute a united, unbroken, and indivisible front, and relations between the two countries cannot and will not be disrupted for any reason whatsoever, said the President of the House of Representatives, Annita Demetriou, in her address to the 11th Panhellenic Conference of Reserve Officers, held on Saturday in Athens, on the reorganisation and prospects of the Greek Armed Forces’ reserve system. Reserve officers are the backbone of the army, the link between active-duty armed forces personnel and the wider reserve of the country’s fighters, the leaders who will guide our army if and when they are called upon to confront anyone who threatens the rights of Hellenism, said Demetriou.

President discusses EU’s role in Gaza peace process with A. Costa

The President of the Republic, Nikos Christodoulides, and the President of the European Council, Antonio Costa, exchanged views Saturday on the role that the European Union can play in supporting the peace process in Gaza. In a written statement, Government Spokesperson Konstantinos Letymbiotis said that the President of the Republic had a telephone conversation yesterday with the President of the European Council, Antonio Costa, as part of his contacts on developments in the Middle East and the agreement reached on the first phase of the US President’s plan for a ceasefire in Gaza and the release of hostages.

It is our duty to work for the liberation and reunification of Cyprus, President says at Morphou anti-occupation event

It is our and highest priority to work for the liberation and reunification of our homeland, the President of the Republic, Nikos Christodoulides, said on Saturday during the 45th anti-occupation event of the people of Morphou, adding that ‘for us, there can be no solution without the return of Morphou.’

Sunday 12 October 2025

US extends suspension of arms embargo on the Republic of Cyprus for 1 year

The United States formally extends for another year the suspension of its arms embargo on the Republic of Cyprus, effective as from October 1, 2025, according to a final rule issued by the U.S. Department of State and published in the Federal Register. The amendment to section 126.1 of the International Traffic in Arms Regulations (ITAR) specifies that ‘the policy of denial and the status of Cyprus as a proscribed destination is suspended from October 1, 2025, through September 30, 2026.’

We are cautiously optimistic about Cyprus talks resumption, President says

The small steps that are being taken allow us to be cautiously optimistic about the resumption of substantive talks on the Cyprus problem, said President of the Republic, Nikos Christodoulides, noting that he does not underestimate the challenges and difficulties. In his commemorative speech at the first National Memorial Service for the heroes of the Saranti community, held on Sunday, the President of the Republic said that ‘the result of our efforts sustains hope and allows us, through assertive realism, to continue our efforts to see our homeland liberated.’

Cyprus, UAE Presidents discuss prospects for strengthening cooperation on Gaza

The President of the Republic, Nikos Christodoulides, and the President of the United Arab Emirates (UAE), Mohammed bin Zayed Al Nahyan, discussed in a telephone conversation the prospects for strengthening cooperation between the two countries, particularly regarding the humanitarian dimension and the reconstruction of Gaza. In a written statement, Government Spokesperson, Konstantinos Letymbiotis, said that the President of the Republic had a telephone conversation with the President of the United Arab Emirates in the context of his contacts regarding the latest developments in the Middle East and the agreement on the first phase of the plan of the President of the United States for a ceasefire in Gaza and the release of the hostages, particularly in light of the Summit to be convened in Egypt, where the two leaders will participate.

Monday 13 October 2025

Total government employment shows slight annual decrease in September

In September 2025, total government employment reached 52,530 persons, recording a slight decrease of 50 employees (-0.1%) compared to September 2024, according to the Statistical Service of Cyprus. Employment in the Civil Service and in the Security Forces declined by 1% and 2.4% respectively, while employment in the Educational Service increased by 3.3%.

Finance Minister defends GSI handling in state budget presentation

Cyprus Finance Minister Makis Keravnos presented the 2026 state budget to Parliament’s Finance Committee on Monday, outlining measures for fiscal stability, social support, and economic growth, while rejecting claims that he withheld studies on the Great Sea Interconnector (GSI) electricity project. The Minister defended his handling of the GSI project, rejecting claims that his ministry withheld key studies on the project’s viability.

Cyprus among seven member states to host AI Factory Antenna

The European Commission announced on Monday the launch of AI Factories Antennas in seven member states, including Cyprus. The member states mentioned in the Commission’s announcement are Belgium, Cyprus, Hungary, Ireland, Latvia, Malta, and Slovakia. Additionally, partner countries such as Iceland, Moldova, Switzerland, the United Kingdom, North Macedonia, and Serbia will host these centres. According to the Commission’s announcement, these new centres will work closely with existing AI Factories, providing national AI communities with secure remote access to state-of-the-art, AI-optimized supercomputers.

Surplus budget boosts growth, but structural reforms needed, CBC Governor tells MPs

The 2026 surplus budget reinforces the economy’s steady growth trajectory, but further structural reforms are needed to contain the upward trend in inelastic spending, Central Bank of Cyprus (CBC) Governor Christodoulos Patsalides said Monday during the meeting of the House Finance Committee on the 2026 State Budget. Patsalides also informed MPs that on the basis of a study which was carried out in September 2024, the Bank has submitted recently to the government a comprehensive proposal and draft legislative amendments for the reform of the Central Bank’s governing structure based on the Deutsche Bundesbank model, noting the need for reform in order to enhance its participation in the EU and to more effectively meet future challenges.

Fiscal outlook positive, Fiscal Council Chairman says, cautioning about risks

The picture of public finances is very satisfactory, Fiscal Council Chairman, Michalis Persianis told the Parliamentary Committee of Finance on Monday, at the start of the discussion on the 2026 state budget. However, he warned of external risks and potential expenditure that may cause uncertainty and could derail public finances.

President Christodoulides-Jordan’s Abdullah II meet in Sharm el-Sheikh

The prospects for the implementation of the ceasefire agreement in Gaza, as well as the role that Cyprus and Jordan can play in regional stability and reconstruction, were discussed by President, Nikos Christodoulides, and King of Jordan Abdullah, on the sidelines of the Gaza Summit taking place in Sharm el-Sheikh. According to a post on X by Government Spokesperson, Konstantinos Letymbiotis, President Christodoulides held a bilateral meeting with the King of Jordan, Abdullah, on the sidelines of the Gaza Summit taking place in Sharm el-Sheikh.

CBC: ship management revenue up 6.7% at pound 978 mln in the first half of 2025

Ship management revenue in the first half of 2025 reached pound 978 million, recording a 6.7% increase compared with the second half of 2024, according to a Ship Management Survey published on Monday by the Central Bank of Cyprus. This amount of revenue corresponds to 5.5% of Cyprus’s semi-annual GDP as turnover. The level of revenue increased above the pound 950 million threshold, which is considerably higher than the average level of revenues observed during the period 2019-2021.

Cyprus’ Energy and Commerce Minister holds contacts during GITEX Global exhibition in Dubai

Minister of Energy, Commerce and Industry, George Papanastasiou, is holding a series of contacts in Dubai, in the context of the international technology exhibition ‘GITEX GLOBAL 2025’, the Ministry said in an announcement. According to the announcement, the Ministry of Energy, Commerce and Industry, in collaboration with the Cyprus Trade Centre in Dubai, is participating for the fourth consecutive year in the exhibition, with a national pavilion and 14 Cypriot technology companies.

Cyprus President presents Nicosia’s initiative during contacts at Gaza Summit

Cyprus President Nikos Christodoulides presented on Monday Nicosia’s initiative relating to security, the reconstruction of Gaza and the humanitarian sector during his contacts at the Gaza Summit held in Sharm el-Sheikh. In his statements after the Peace Summit in Sharm el-Sheikh, President Christodoulides said that the proposal was currently in progress and is to be formulated, ‘with the sole aim of doing everything we can, as far as the Republic of Cyprus is concerned, to ensure the implementation of the first phase of the agreement’.

A day of ‘hope’ for the region, Cyprus President says on Gaza peace summit

Cyprus President Nikos Christodoulides welcomed the Gaza peace summit as a day of ‘hope and promise’ for the region. In a post on X, President Christodoulides said he was ‘privileged to have been part of the Sharm El Sheikh Summit for Peace in the Middle East’, noting that this was ‘a day of hope and promise for our region’.

Tuesday 14 October 2025

President says he discussed Cyprus problem with President Trump at Sharm El-Sheikh

President of the Republic, Nikos Christodoulides has said that he discussed the Cyprus problem with US President Donald Trump, on the sidelines of the Gaza Peace Summit in Sharm El Sheikh that took place on Monday. Invited Tuesday by journalists to say what he has discussed with the US President during their brief meeting, President Christodoulides said that ‘all I can say is that the issue that was discussed is the Cyprus problem.’

Ioannides underlines need for agreement on Return Regulation at JHA Council

Cyprus’ Deputy Minister of Migration and International Protection, Nicholas Ioannides, underlined on Tuesday the need for agreement on the Return Regulation during today’s Justice and Home Affairs Council. Arriving at the meeting in Luxembourg, he stated that all member states “agree that we need the Return Regulation”, while also underlining the necessity for an effective and balanced approach.

Cyprus a key player in returns particularly concerning Syria, Justice Minister told JHA

Cyprus is a key player regarding the returns, particularly concerning Syria, as 90% of all returns from EU member states to Syria during the period from January 1, 2025, to September 1, 2025, were carried out by Cyprus, Minister of Justice and Public Order, Marios Hartsiotis told the EU’s Justice and Home Affairs Council held in Luxembourg. The meetings took place on Monday and Tuesday, 13-14 October 2025, and addressed a range of critical issues over the two days.

IMF revises Cyprus’ growth forecast upwards to 2.9% for 2025 and 2.8% for 2026

The International Monetary Fund (IMF) expects a higher growth rate for Cyprus for 2025 and 2026 in its October edition of the World Economic Outlook (WEO) compared with the estimates included in the April edition. Specifically, it projects that the growth rate will reach 2.9% of GDP in 2025 and 2.8% in 2026, compared with 2.5% for 2025 and 2.7% for 2026 in the April projections.

Cyprus: High in International Trade, lagging in Green Transition EIB Investment Survey 2025 finds

The results of the annual survey that records investment trends, priorities, and challenges of European businesses, the EIB Investment Survey 2025, were published on Tuesday by the European Investment Bank (EIB). The survey, conducted in collaboration with Ipsos Public Affairs, is based on data from approximately 12,000 companies across all EU countries as well as the United States.

Cyprus prioritizes new Return Regulation, Dep. Minister tells JHA

Deputy Minister of Migration and International Protection Nicolas Ioannides, underlined the importance of a comprehensive Return Regulation for Cyprus and the EU said during the EU Justice and Home Affairs Council (Internal Affairs) held on Tuesday, in Luxembourg. In his arrival doorstep statement, Ioannides underscored the need for a comprehensive Return Regulation, which will complement the new EU Pact on Migration and Asylum and promote the effective implementation of returns for third-country nationals.

Housing crisis in debate in Brussels’ EU Regions Week

The critical aspect of the housing crisis in Europe, which constitutes a key social and economic issue and threatens the cohesion of governments and societies, was highlighted in a discussion Tuesday, during EU Regions Week, which wraps up today in Brussels. The panelists noted that affordable and sustainable housing is the key and projects should be funded that meet the needs of all groups of the society.

Nicosia Tourism Board organized European Regions Week Tasting Event in Brussels

The Nicosia Tourism Board concluded its participation in the European Week of Regions and Cities 2025 with the highly successful Taste Nicosia – European Regions Week Tasting Event, held on Tuesday, 14 October 2025, at Square Brussels, Grand Hall 1. According to a press release, the Nicosia tasting stand remained full throughout the evening, attracting hundreds of visitors eager to experience the capital’s authentic flavours.

Deputy Minister highlights strategic importance of shipping at London event marking Cyprus’ independence

Deputy Minister of Shipping Marina Hadjimanolis referred to continued efforts for a Cyprus settlement, to the country’s role as a pillar of stability in the Eastern Mediterranean as well as to the strategic importance of shipping to the Cypriot economy, while addressing an event, in a London hotel, on Tuesday, to mark the 65th anniversary of the independence and establishment of the Republic of Cyprus. Hadjimanolis represented the Cyprus government at the event, while the UK government was represented by the Minister for the Constitution and European Union Relations, Rt Hon Nick Thomas-Symonds.

Nicosia protests to UN SG about ?urkish provocations in first half of the year

In a letter to UN Secretary General Antonio Guterres, Cyprus’ Permanent Representative to the UN, Ambassador Maria Michael has protested about extensive air and naval violations by Turkey in the first half of this year which came to 975 by air and 61 by sea against Cyprus. In a letter dated 14 October 2025 Michael details extensive air and naval violations by Trkiye between January and June 2025 and urges the UN to uphold its own decisions and principles regarding Cyprus.

Wednesday 15 October 2025

Cyprus President co-signs letter for European “age of digital adulthood”

President of the Republic, Nikos Christodoulides, co-signed on Wednesday, together with five other European leaders – the President of France and the Prime Ministers of Greece, Spain, Slovenia and Denmark – a letter to the President of the European Commission Ursula von der Leyen, in which they express their will to proceed with the establishment of a European “age of digital adulthood” for access to social media. In a written statement, the President says that this is an initiative aimed at establishing common European principles for the minimum age of minors’ access, to better protect children online.

Cyprus bolsters its position on EU Innovation and AI map, Deputy Ministry says

Through its participation in the network of AI Factories, Cyprus strengthens its position on the European map of innovation and Artificial Intelligence, reaffirming its commitment to investing in cutting-edge technologies, data, and human talent, the Deputy Ministry of Research, Innovation and Digital Policy, said on Wednesday about the country’s inclusion in Europe’s AI Factories network.

Industrial production up in EU and Cyprus in August on annual basis

Industrial production increased by 1.1% in the Eurozone and the EU and by 2.4% in Cyprus in August this year on an annual basis, the latest Eurostat data show. At the same time, industrial production fell in August on a monthly basis, while Cyprus had a relatively stable performance compared to other member states. Specifically, industrial production decreased by 1.2% in the Eurozone and by 1.0% in the EU.

UAE Minister praises Cyprus’ role in the region at a meeting with Minister of Energy

The Minister of Economy of the United Arab Emirates has expressed his country’s deep appreciation for Cyprus’ role as a reliable partner in the wider region, reaffirming the UAE’s commitment to provide all possible support to efforts to further strengthen bilateral economic relations and investments. According to a press release by the Ministry of Energy, Cypriot Minister of Energy, Commerce and Industry, George Papanastasiou, who is in Dubai for the international exhibition GITEX GLOBAL 2025, held today an official meeting with Minister of Economy of the United Arab Emirates (UAE), Abdulla bin Touq Al Marri, during which they discussed important issues of bilateral and regional cooperation.

IMF estimates confirm resilience of Cyprus’ economy, Finance Minister says

Finance Minister, Makis Keravnos, on Wednesday welcomed the International Monetary Fund’s (IMF) estimates on Cyprus noting that they confirm the Government’s estimates and the continued growth path and resilience of the country’s economy. In his statements after a meeting of the Council of Ministers at the Presidential Palace, Keravnos welcomed the latest IMF estimates – its October edition of the World Economic Outlook – noting that ‘its estimates are always much more conservative, even than our own conservative estimates.’

Annual reduction of 58.4% in issued building permits number in June, says CySTAT

The number of building permits authorized during June 2025 stood at 635 compared to 1,528 in June 2024, registering a decrease of 58.4%, the Statistical Service said in a statement on Wednesday. As noted, the total value of these permits reached pound 275.1 million and the total area 236.7 thousand square metres, providing for the construction of 1,132 dwelling units.

Palmas conveys Nicosia’s “clear disagreement” with Turkey’s participation in SAFE to Kubilius and Kallas

Cyprus’ Defence Minister Vasilis Palmas met with the European Commissioner for Defence and Space, Andrius Kubilius, and the EU High Representative, Kaja Kallas, in Brussels, where he conveyed Nicosia’s “clear disagreement” with Turkey’s participation in the SAFE Regulation. Describing these meetings as very important, the Minister had the opportunity to brief the two Commissioners on the progress of the Republic of Cyprus’s preparations ahead of its assumption of the EU Presidency, as well as to clarify Cyprus’ position regarding Turkey’s participation in SAFE.

Average mortgage rate in Cyprus banks rises in August

The average interest rate on housing loans in Cyprus rose in August 2025, while household deposit rates remained unchanged and business lending and deposit rates edged slightly lower, according to data released on Wednesday by the Central Bank of Cyprus (CBC). For new housing loans to households, the average rate increased to 4.01% in August, up from 3.90% in July.

Cyprus’ role is being acknowledged says President on regional efforts for Gaza

Cyprus is demonstrating its growing diplomatic role through concrete and credible initiatives, not ‘communication tactics,’ President Nikos Christodoulides said on Wednesday, rejecting what he called ‘malicious criticism’ of Cyprus’ new proposal for Gaza. Speaking at the inauguration of the ‘Nikolas Theologou’ Park in Lakatamia, President Christodoulides stressed that Nicosia’s efforts are grounded in action and results, recalling the success of the Amalthea humanitarian corridor, which delivered vital aid to Gaza.

Cyprus reaffirms commitment to human rights and the multilateral character of the UN

Cyprus, speaking at the 80th Session of the United Nations General Assembly during the interactive dialogue with High Commissioner for Human Rights Volker Trk, reiterated its firm commitment to strengthening the UN human rights protection system. As the Cypriot Permanent Representative ambassador Maria Michael underlined, ‘strengthening the UN human rights pillar is essential,’ and Cyprus ‘fully supports the High Commissioner’s mandate and appreciates his work to advance the promotion and protection of human rights across the world.’

Minister Palmas and EU counterparts discuss defense readiness roadmap, Ukraine

The European Union’s Foreign Affairs Council (FAC), meeting in its Defense Ministers configuration, convened on October 15, 2025, in Brussels to discuss the bloc’s defense readiness and the ongoing situation in Ukraine. The meeting was also attended by Minister of Defense, Vassilis Palmas. According to a statement released by the Ministry of Defense, the EU Defense Ministers exchanged views on a scoping paper detailing the core directions of the Defense Readiness Roadmap 2030.

Cyprus supports Armenia’s path of closer alignment with EU, Minister says

Cyprus remains committed to supporting Armenia’s path of closer alignment with the European Union, particularly during the upcoming Cyprus Presidency of the Council of the EU, Minister of Education, Sports and Youth Dr Athena Michaelidou has said. In her remarks, on Wednesday evening, the occasion of the Independence Day of the Republic of Armenia, at the Embassy of Armenia, the Minister said that “we deeply appreciate Armenia’s consistent support for Cyprus, especially regarding the Cyprus Issue and our efforts for a just and lasting settlement in line with international law and UN Security Council resolutions”.

Thursday 16 October 2025

Europe must be present in the Mediterranean, Commissioner Šuica tells CNA

The Mediterranean is a partner and the EU must be present “not just with soft power, but with action” the Commissioner for the Mediterranean Dubravka Šuica said on Thursday, as the Pact for the Mediterranean was unveiled by the European Commission. In an interview with CNA and other media outlets from Mediterranean EU member states, Šuica described the Pact as more than just a policy document, saying it is a ‘living pact,’ designed to adapt to the rapidly shifting political, economic, and social landscapes of the Southern Mediterranean, the Middle East, and North Africa.

Cyprus solution a prerequisite for stability in the Middle East, Mitsotakis says

Resolving the Cyprus issue is a prerequisite for stability in the Eastern Mediterranean, stressed Greek Prime Minister Kyriakos Mitsotakis, adding that Greece supports the resumption of dialogue on the basis of a bi-zonal, bi-communal federation and participated in the dialogue. “We reject and will not accept a fait accompli in Cyprus,” he said, speaking in the Greek Parliament, adding that “I have an excellent relationship with President Christodoulides, a relationship of mutual trust and absolute honesty.”

Cyprus EU Presidency to build on European Tourism Agenda 2030, President says at HOTREC GA

As Cyprus prepares to assume the Presidency of the Council of the European Union in January 2026, we are determined to seize the opportunity to build on the European Agenda for Tourism 2030 but also explore new frontiers in tourism, President of the Republic Nikos Christodoulides said on Thursday. Addressing the 91st HOTREC General Assembly that took place in the coastal town of Paphos, the President said that during the Cyprus Presidency the new European Tourism Strategy will be presented, discussed and translated into concrete action.

Further decline in NPL ratio to 5.5% in July, CBC data show

The volume of non-performing loans (NPLs) in the Cypriot banking sector continued to decline at the end of July, according to data released on Thursday by the Central Bank of Cyprus (CBC). Based on the updated figures for NPLs as of 31 July 2025, the ratio of non-performing loans to total loans fell to 5.5%, down from 5.6% at the end of June and 6.2% at the end of 2024.

Commissioner Kadis in Berlin for 2nd EU Algae Awareness Summit 2025

Commissioner for Fisheries and Oceans, Costas Kadis, is in Berlin participating in the 2nd EU Algae Awareness Summit, which began on Thursday. The 2nd EU Algae Awareness Summit is taking place in Berlin as part of the EU4Algae flagship initiative of the European Commission, in close collaboration with the Directorate-General for Maritime Affairs and Fisheries (MARE), the European Climate, Infrastructure and Environment Executive Agency (CINEA), and with the support of the German Federal Ministry of Food and Agriculture.

R and D spending in Cyprus up 3.2% in 2023, below EU average

Cyprus recorded a modest increase in research and development (R and D) spending in 2023, though it remains well below the European Union average, according to data released on Thursday by the Statistical Service of Cyprus (Cystat). According to the results of a special survey conducted by Cystat on scientific research and experimental development, total R and D expenditure in 2023 was estimated at pound 213.6 million, corresponding to 0.68% of Gross Domestic Product (GDP).

Jørgensen hopes for progress on GSI ahead of videoconference with Papanastasiou and Papastavrou

“I have not had the meeting yet, but the Great Sea Interconnector (GSI) is indeed a project of great importance for the EU and it remains so,” stressed Dan Jørgensen, the European Commissioner responsible for energy and housing at a press conference in Brussels, answering to questions ahead of the teleconference with the Cypriot and Greek energy ministers, George Papanastasiou and Stavros Papastavrou, respectively. “I work closely and I personally am very committed to this, as is the President [Ursula von der Leyen] and the entire Commission.

EU Commission says discussion on GSI with Jørgensen, Cypriot and Greek Ministers was “productive”

A Spokesperson for the European Commission described as productive the teleconference between Energy and Housing Commissioner Dan Jørgensen, Cyprus’ Minister of Energy, Commerce, and Industry George Papanastasiou, Greek Minister of Environment and Energy Stavros Papastavrou, and Deputy Minister of Environment and Energy Nikos Tsafos, with the participation of Cyprus’ Ambassador to Greece Stavros Avgoustides. The meeting focused on the Greece-Cyprus Greas Sea Interconnector (GSI) project. According to the Commission, the participants discussed “key initiatives such as the Great Sea Interconnector, a project strongly supported by the EU, including through funding from the Connecting Europe Facility (CEF).”

Friday 17 October 2025

President presents Cyprus initiative on Gaza Agreement at EPP meeting

President of the Republic Nikos Christodoulides presented on Friday the Cypriot initiative concerning the implementation of the Gaza Agreement during a videoconference of the heads of state and government of the European People’s Party (EPP), which also included the Presidents of the European Commission and the European Parliament. The meeting was held ahead of the European Council summit scheduled for October 23. According to a written statement by Government Spokesman Konstantinos Letymbiotis, the discussion focused on the issues on the agenda of the upcoming European Council, including the latest regional developments. Emphasis was placed on the agreement reached on Gaza and its signing at the Peace Summit in Sharm el-Sheikh, as well as on matters of European defence, security and competitiveness.

Management Companies and Undertakings of Collective Investments amount to 319 in Q2 of 2025

During the second quarter of 2025, the number of Management Companies and Undertakings of Collective Investments (UCIs) stood at 319, with the total Assets Under Management (AUM) recording a slight decrease to pound 10.6 billion. According to the quarterly statistical bulletin for the second quarter of 2025 issued by the Cyprus Securities and Exchange Commission (CySEC), which presents key data for the collective investments sector in Cyprus, CySEC supervised 319 Management Companies and UCIs, compared with 328 in the corresponding period of 2024, marking a 2.74% decrease.

President Christodoulides holds telephone conversation with European Council President

President of the Republic of Cyprus, Nikos Christodoulides, held a telephone conversation on Friday with the President of the European Council, António Costa, ahead of the upcoming European Council meeting scheduled for October 23. During the call, the two leaders exchanged views on the items on the meeting’s agenda. According to a written statement by Government Spokesperson Konstantinos Letymbiotis, President Christodoulides provided a detailed overview of recent developments in the Middle East, highlighting the importance of the agreement concerning Gaza and the need for its immediate and comprehensive implementation, in line with the 20-point plan presented by the President of the United States.

Eurostat: Inflation rises to 2.6% in the EU in September, Cyprus records zero inflation

European Union annual inflation was 2.6% in September 2025, up from 2.4% in August, according to data released on Friday by Eurostat, the statistical office of the European Union. Cyprus is the only member state with zero annual inflation. According to Eurostat, the euro area recorded an annual inflation rate of 2.2%, up from 2.0% in August 2025 and 1.7% in September 2024. The EU, on the other hand, reached 2.6%, compared to 2.4% the previous month and 2.1% year-on-year.

Harmonized Index of Consumer Prices in September remains stable on annual basis

The Harmonized Index of Consumer Prices in September 2025 remained stable compared with September 2024 and recorded a decrease of 0.4% compared with August 2025. According to the Statistical Service of Cyprus, compared with September 2024, the largest positive changes were observed in the categories Recreation and Culture (5.6%) and Restaurants and Hotels (4.9%), while the largest decreases were recorded in the categories Clothing and Footwear (-7.2%) and Housing, Water Supply, Electricity and Gas (-3.8%).

Residential Property Price Index up 4.7% in Q2 2025 year on year, according to CBC

An annual increase of 4.7% was recorded in the Residential Property Price Index during the second quarter of 2025, according to data published on Friday by the Central Bank of Cyprus, highlighting an accelerating increase in the Property Price Index for apartments and a slowdown in the increase in the Property Price Index of Houses. Regarding real estate demand, data from the Department of Lands and Surveys (DLS) show that the total number of sale contracts during the second quarter of 2025 registered an annual increase, both from domestic and foreign buyers.

Cypriot Public Prosecutor elected as Vice-President of the CCPE Bureau

Cypriot Public Prosecutor, Dr. Despina Kyprianou, has been elected as Vice-President of the Bureau of the Consultative Council of European Prosecutors (CCPE) of the Council of Europe. A press release by the Law Office says that this is an extremely important success for Cyprus, since it is the first time that a CCPE member from Cyprus has been elected to this position.

Cyprus to participate in Athens’ proposed 5X5 Multilateral Framework, Greek FM sources say

The Greek Prime Minister’s proposal to convene a meeting of the coastal countries of the region, provides that a 5X5 Multilateral Framework will include 5 countries, namely Greece, Cyprus, Egypt, Turkey, and Libya and will focus on 5 topics, according to Greek diplomatic sources. The Greek Premier Kyriakos Mitsotakis referred to this proposal in a speech during a session of the Hellenic Parliament on Thursday. Sources from the Greek Ministry of Foreign Affairs pointed out that Greece has always supported trilateral and multilateral regional cooperation frameworks with countries with which it faces common challenges, and that this is now more necessary than ever due to the geopolitical changes.

Saturday 18 October 2025

Cyprus and Kazakhstan reaffirm commitment to deepen bilateral relations

Cyprus’ Minister of Foreign Affairs Constantinos Kombos held a telephone conversation with the newly appointed Foreign Minister of Kazakhstan, Yermek Kosherbayev, the Cyprus Ministry of Foreign Affairs announced on Saturday. Kombos and Kosherbayev confirmed their commitment to deepen bilateral ties, as well as relations at EU level ahead of Cyprus’ EU Presidency term. During the call, Minister Kombos congratulated his Kazakh counterpart on his appointment and wished him every success in his new role.

Sunday 19 October 2025

Cyprus is a strategic partner that can shape Europe’s future, EIB VP Kakouris tells CNA

Cyprus is not merely a recipient of aid but a strategic partner that can shape Europe’s future, Kyriakos Kakouris, Vice-President of the European Investment Bank (EIB), told the Cyprus News Agency (CNA). In an era when Europe is tested by climate, energy, and geopolitical crises, Kakouris, spoke to CNA at the end of his term as Vice-President about the mark he leaves behind, one that transcends the boundaries of European bureaucracy.

Nicosia utilises all diplomatic means to resume Cyprus talks, Deputy Government Spokesman stresses

The Government remains firmly committed to the goal of Cyprus’ liberation and reunification, making full use of all diplomatic and negotiating means to resume peace talks, Deputy Government Spokesman Giannis Antoniou said on Sunday, addressing the annual memorial service for the fallen soldiers of the 3rd Company of the 211 Infantry Battalion in Kaimakli.

President Christodoulides says he looks forward to meeting new Turkish Cypriot leader

The President of the Republic of Cyprus, Nikos Christodoulides, has expressed his anticipation for a meeting with the new leader of the Turkish Cypriot community, Tufan Erhurman, “as soon as possible” while congratulating him following the announcement of the “election” results in the island’s Turkish-occupied areas. In a written statement, President Christodoulides congratulated Erhurman, stating his respect for the verdict of the Turkish Cypriots.

Monday 20 October 2025

Greek FM says there is new hope for Cyprus reunification as Erhrman becomes new Turkish Cypriot leader

Greek Minister of Foreign Affairs, George Gerapetritis, has said that the Turkish Cypriots’ will to choose Tufan Erhrman as their new leader opens a new chapter of hope and expectations for the island’s reunification on the basis of the resolutions of the UN General Assembly and the UN Security Council. “A reunification that will guarantee peace and prosperity for Greek Cypriots and Turkish Cypriots within the European family,” he added, noting that the Greek Ministry of Foreign Affairs, in coordination with the Republic of Cyprus, has undertaken tireless efforts, following a long period of inaction, to bring the Cyprus Issue back to the UN Secretary-General’s agenda and to resume the informal discussions.

Growth rate in 2024 at 3.9% according to a revised estimate by CYSTAT

The growth rate of the economy in 2024 is positive and is estimated at 3.9% in real terms, according to a revised estimate published on Monday by the Cyprus Statistical Service. At current prices, the percentage change in Gross Domestic Product (GDP) amounts to 7.2%. According to CYSTAT, regarding the production approach for the estimation of GDP in real terms, the positive growth rate is mainly attributed to the sectors: ‘Information and communication’, “Hotels and Restaurants”, ‘Construction’ and ‘Wholesale and retail trade; repair of motor vehicles and motorcycles’. GDP in real terms in 2024 stood at pound 29,419.9 billion. In current prices, GDP was at pound 34,770.2 billion.

Construction Materials Price Index up by 1.44% in September

The Price Index of Construction Materials for September 2025 reached 118.96 units (base year 2021=100), recording an increase of 1.44%, according to data published by the Statistical Service on Monday. By main commodity category, increases were recorded in minerals (3.62%), mineral products (3.30%), products of wood, insulation materials, chemicals and plastics (1.05%) and electromechanical products (0.19%), whereas a decrease was observed in metallic products (-0.59%).

Responsible fiscal policy delivers results says President Christodoulides

‘Responsible fiscal policy delivers results,’ the President of the Republic, Nikos Christodoulides wrote in a post on X regarding the revised estimate by the Statistical Service for the 2024 GDP growth rate at 3.9%. ‘Responsible fiscal policy, free from populism and empty promises, delivers results. The GDP revision confirms that the economy remains strong and is expected to record growth of 3.5%-3.9% in 2025, with public debt below 60% of GDP,’ the President noted.

President briefs MED9 Summit on Cyprus’ proposal for Gaza reconstruction

Cyprus’ role in the effort to address the humanitarian crisis in the Middle East region was presented Monday by President Nikos Christodoulides, during the MED9 Summit in Slovenia. The President presented the six-point proposal of the Republic of Cyprus on the pillars of security, humanitarian aid and the reconstruction of Gaza, based on the plan by US President Donald Trump.

Cyprus’ FM reaffirms commitment to engage in discussions with new T/C leader

Foreign Minister Constantinos Kombos reaffirmed the Cypriot government’s commitment to actively engage in discussions with the newly elected Turkish Cypriot leader following the conclusion of the Foreign Affairs Council in Luxembourg. ‘Yesterday, a voting procedure took place in the areas occupied by Turkey. We remain fully committed to actively discussing with the new Turkish Cypriot leader,’ Kombos said adding that ‘we want to move into substantive negotiations, always and exclusively within the UN Security Council framework and in line with EU values, principles and legislation’.

Bilateral ties, EU Presidency on agenda of President’s meeting with Premier of Slovenia

Bilateral relations and the priorities of the Cyprus EU the first half of 2026 were on the agenda of a meeting President Nikos Christodoulides held Monday with Prime Minister of Slovenia, Robert Golob, on the sidelines of MED9 Summit in the city of Portorož. A written statement by the Director of the Press Office of the President, Victoras Papadopoulos, says that during the meeting, both sides expressed satisfaction with the level of bilateral cooperation, as well as the determination to strengthen Cyprus-Slovenia relations in the fields of defense, tourism, trade and services.

New Pact for Mediterranean core priority for Cyprus EU Presidency, says President

Implementation of the new Pact for the Mediterranean is at the core of Cyprus EU Presidency priorities, President Nikos Christodoulides said Monday, at the joint Press Conference following the MED9 Summit, in Slovenia. The President noted that as the member state of the Union at the southeastern frontier, Cyprus is preparing to take the responsibility of the EU Presidency in just 71 days with full awareness of the challenges ahead and with a clear commitment to advance unity, reinforce our collective resilience, and elevate Mediterranean’s voice in the European debate.

New T/C leader’s election opens new chapter of hope for Cyprus’ reunification, Greek FM told Fidan

Greek Foreign Minister Giorgos Gerapetritis met today, Monday, October 20, with Turkish Foreign Minister Hakan Fidan on the sidelines of the EU Foreign Affairs Council in Luxembourg. According to diplomatic sources, the two ministers discussed bilateral relations, as well as recent regional and international developments.

MED9 leaders and King of Jordan sign joint statement on Gaza, Lebanon, Syria

MED9 leaders and King of Jordan Abdullah who convened Monday in Slovenia signed a joint statement on Gaza, Lebanon and Syria, highlighting at the same time the role of Jordan. In particular the MED9 leaders expressed their appreciation for Jordan as a reliable and credible partner with a key role as an anchor of peace, stability and security in the Middle East and the Mediterranean region.

EU Commission congratulates Erhrman, fully supports resumption of negotiations

“The European Commission congratulates Tufan Erhrman on his election as leader of the Turkish Cypriot community,” the EC says in a brief statement issued on Monday evening and following a request from CNA during the briefing of accredited journalists. “The European Union fully supports the resumption of negotiations for a viable and functional, comprehensive settlement within the framework of the United Nations and in accordance with the relevant UN Security Council resolutions, and in line with the principles on which the EU is founded and its acquis”, the announcement says.

Cyprus always present, FM said calling for EU involvement in the implementation of Gaza agreement

Cyprus’ Foreign Minister Constantinos Kombos attended the Foreign Affairs Council (FAC) of the EU that took place in Luxembourg on Monday. The 27 member states discussed Russia’s aggression against Ukraine and the situation in the Middle East. Kombos called on the EU to be actively involved in the implementation of the Gaza agreement, stressing that Cyprus continuously declares its presence through the maritime humanitarian corridor.

MED9 Joint Declaration welcomes RoC role in addressing humanitarian crisis in region

The leaders of the nine Mediterranean states who took part in the MED9 Summit in Ljubljana, Slovenia, with the participation, in part of the Summit, of King Abdullah II of Jordan, welcomed the role of the Republic of Cyprus in addressing the humanitarian crisis in the region, as well as its efforts to resolve the Cyprus issue, on the basis of the agreed framework. According to a written statement by the Director of the Press Office of the President of the Republic, Viktoras Papadopoulos, in the Joint Declaration issued after the Summit, the leaders of the nine states that make up MED9 reiterate their commitment to a “comprehensive settlement of the Cyprus problem within the framework of the United Nations, as defined by the relevant UN Security Council resolutions and on the basis of the principles and values of the EU and European law,” while also expressing “appreciation for the efforts of the UN Secretary-General, which have led to the continuation of dialogue between all parties and should pave the way for the formal resumption of negotiations within the agreed framework.”

Tuesday 21 October 2025

General Government records a surplus of pound 0.6 mln for Q2, 2025

The preliminary General Government fiscal results, prepared by the Statistical Service of Cyprus (CYSTAT), were published on Tuesday, indicating a surplus of pound 0.6 mn for the period of April-June 2025. In comparison, a deficit of pound 68.7 mn was recorded during the period of April-June 2024. Revenue ——- During the period of April-June 2025, total revenue increased by pound 307.8 mn (9.5%) and amounted to pound 3,544.8 mn, compared to pound 3,237 mn in the corresponding period of 2024.

CyStat: Commission verifies a surplus of 4.1% and fiscal debt of 62.8% for Cyprus for 2024

The results for 2024, audited and verified within the Excessive Deficit Procedure framework of the European Commission, indicate a fiscal surplus of pound 1,439.2 mn, which corresponds to 4.1% of GDP and a fiscal debt of pound 21,822.8 mn, which corresponds to 62.8% of GDP, according to the Cyprus Statistical Service. Revenue ——- In 2024, total revenue increased by pound 1,012.1 mn (7.4%) and amounted to pound 14,750.3 mn, compared to pound 13,738.2 mn in 2023.

Advancing enlargement is a key priority of the Cyprus EU Presidency, President says in Zagreb

A key priority of the Cyprus EU Presidency will be advancing the European Union’s enlargement agenda including for the Western Balkans, President of the Republic Nikos Christodoulides said on Tuesday, speaking at a joint press conference with the Prime Minister of Croatia, Andrej Plenkovic, after their meeting in Zagreb. Noting that his visit is the first bilateral visit by a President of the Republic of Cyprus to Croatia in nearly two decades, he said that it takes also place in the framework to outreach EU member states in view of the assumption of the Presidency of the Council of the European Union in just 70 days.

Croatia and Cyprus agree on all strategic points and foreign policy issues, says Plenkovic

Croatia and Cyprus agree on all strategic points and foreign policy issues and want to accelerate the European Union enlargement process, said the Prime Minister of Croatia, Andrej Plenkovic, in his statements following his meeting with the President of the Republic, Nikos Christodoulides, on Tuesday in Zagreb. He added that Croatia aims at a higher volume of trade and other projects and would like to engage Croatian companies, that should contribute to enlarging the trade and commercial exchange between the two countries, while it is also looking forward to its cooperation with Cyprus within the framework of the Mediterranean policy.

Commission appoints Despina Spanou as new Deputy Director General in DG CNECT

The European Commission appointed on Tuesday Despina Spanou as Deputy Director-General in charge of the Directorate for Cybersecurity and Trust at the Directorate-General for Communications Networks, Content and Technology (DG CNECT). This Commission department develops and implements policies to make Europe fit for the digital age.

Cyprus places great importance in listening to its EU partners, President says

Cyprus President, Nikos Christodoulides, has said that his visits to Slovenia and Croatia took place as part of outreach efforts to EU member states in view of Cyprus assuming the Presidency of the EU in just 70 days. “We place great importance on listening to our partners, understanding their priorities and sensitivities, and working together to deliver tangible results”, the President posted on his X account, upon wrapping his visits to the two countries.

Panayiotou presents Cyprus’ key circular economy initiatives at Council in Luxembourg

A series of Cyprus’ initiatives on the circular economy are presented at the Environmental Council in Luxembourg by the Minister of Agriculture, Rural Development and Environment, Maria Panayiotou. “Today’s Environmental Council will be discussing water, circular economy and climate action, which are very important in order to build a Europe that is fair, resilient and, of course, future ready,” Panayiotou said in remarks on the sidelines of the session.

UN Secretary-General encourages the sides “to seize upon the new dynamic”, sources tell CNA

UN Secretary – General, Antonio Guterres, considers that further progress is possible in the Cyprus issue if the two sides remain committed, UN sources have told CNA. Asked about the way forward, in view of the fact that the Turkish Cypriot community has now a new leadership, the UN sources noted that the Secretary-General encourages “the sides to seize upon this new dynamic” and reiterates as he has previously stated, that “if the two sides remain committed, further progress is possible.”

Countries that pose a threat have no place in EU defense initiatives, Raouna says

Countries that pose a threat to the security and defence interests of the Union and its Member States cannot participate in our defence initiatives, Deputy Minister for European Affairs, Marilena Raouna told the General Affairs Council of the EU on Tuesday, in Luxembourg. She also attended a working breakfast with Ukraine’s Deputy Prime Minister for European Integration, hosted by Luxembourg’s Deputy Prime Minister, where she announced that the President of the Republic would visit Ukraine in December 2025.

Wednesday 22 October 2025

New UN top official Khassim Diagne arrived in Cyprus

The new Special Representative of the United Nations Secretary-General (SRSG) and Head of the United Nations Peacekeeping Force in Cyprus (UNFICYP), Khassim Diagne, arrived in Cyprus and said that he looks forward to working with all partners across Cyprus. A UN announcement says that Diagne, has arrived in Cyprus to formally assume his duties.

Hadjipantela’s amendment for 1974 Turkish invasion memorial at European Parliament approved

An amendment tabled by Cypriot MEP Michalis Hadjipantela in the context of the vote on Wednesday for the EU budget 2026, for the creation of a memorial at the European Parliament dedicated to victims of the 1974 Turkish invasion, including missing persons, was passed by 71% of MEPs. In particular, Hadjipantela’s amendment was passed with 445 votes in favour, 118 against and 61 abstentions. In a press release his Office said that his initiative “was widely supported by his colleagues at the European Parliament, sending a strong political message for the Cyprus problem while at the same time showing the solidarity between member states.”

Press freedom non-negotiable for the EU, Cypriot MEPs tell CNA

Cypriot MEPs have told CNA that they consider that freedom of the press is non-negotiable for the EU. In view of the journalistic award Daphne Caruana Galizia by the European Parliament as well as the announcement of the Sakharov Prize 2025 winner, CNA asked the six MEPS for their position on the protection of journalists and freedom of press in the EU and accession candidates, as well as what the European Parliament is doing or should be doing about it.

Cyprus seeks role in ‘international stabilisation force’ in Gaza, President tells Euronews

Cyprus President, Nikos Christodoulides, referred to the role the country seeks in the proposed ‘international stabilisation force’ in Gaza, in an interview with Euronews, in Brussels, during which he referred to the Republic of Cyprus’ six-point plan for Gaza. According to Euronews, in an interview with ‘The Europe Conversation’ programme, President Christodoulides elaborated on how Cyprus wants to repurpose its ‘Amalthea’ humanitarian maritime corridor to support Gaza’s future reconstruction.

Trump nominates John Breslow as US Ambassador to Cyprus

US President, Donald Trump, has announced the nomination of John Breslow as Ambassador of the USA to the Republic of Cyprus. According to a post at the White House Wire account on X, President Donald Trump has sent several key nominations to the U.S. Senate for confirmation.

Minister refers to importance of tripartite social cooperation at Summit in Brussels

Minister of Labour and Social Insurance, Yiannis Panayiotou, has stressed the importance of the tripartite social cooperation at national and European level for addressing the challenges and exploiting prospects. According to an official press release, Panayiotou participated in the Tripartite Social Summit, held in Brussels, on growth and employment.

Hadjipantela’s amendment for 1974 Turkish invasion memorial at European Parliament approved (2)

An amendment tabled by Cypriot MEP Michalis Hadjipantela in the context of the vote on Wednesday for the EU budget 2026, for the creation of a memorial at the European Parliament dedicated to victims of the 1974 Turkish invasion, including missing persons, was passed by 71% of MEPs. The amendment was passed in the context of the European Parliament’s position on the EU budget 2026 which also passed with 384 votes in favour, 202 against and 58 abstentions.

Cyprus and European Defence Agency discuss strengthening of EU defence industry

Issues concerning the promotion of projects of common interest and the strengthening of the European defence industrial base were discussed on Wednesday during a bilateral working meeting in Nicosia between delegations from the Ministry of Defence and the European Defence Agency (EDA). According to a statement by the Ministry of Defence, as part of the Coordinated Annual Review on Defence (CARD) process, a delegation from the European Defence Agency, headed by Stefano Cont, Director for Armament and Capability Development, held a bilateral working meeting with officials from the Ministry of Defence.

Cyprus EU Presidency a golden national opportunity, President says in Brussels

President of the Republic Nikos Christodoulides paid a visit on Wednesday evening to the newly renovated building of the Permanent Representation of Cyprus to the European Union in Brussels, just 70 days before Cyprus assumes the Presidency of the Council of the EU. He also described the Cyprus EU Presidency as a golden national opportunity “to once again prove that our footprint is not measured by the square kilometers of our homeland, but by the seriousness, professionalism, dedication, and reliability with which we serve the common European interest”.

President of Cyprus presents six-point plan for Gaza at EU-Egypt Summit

President of the Republic Nikos Christodoulides presented on Wednesday evening his six-point plan for Gaza, based on the initiative of US President Donald Trump, to the leaders of the EU member states and Egyptian President Abdel Fattah al-Sisi during a working dinner held as part of the first-ever EU-Egypt Summit in Brussels. According to information, President Christodoulides outlined the proposals of the Cypriot plan, highlighting the role Cyprus can play in implementing the US peace initiative for Gaza.

Cyprus does not aspire to act as political mediator for Gaza, President says

Cyprus does not aspire to act as a political mediator for Gaza but to support the plan promoting Gaza’s viability and respecting at the same time Israel’s security concerns, President Nikos Christodoulides said during the working dinner held within the framework of the first EU-Egypt Summit in Brussels on Wednesday, where he presented his six-point plan drafted along the lines of US President Trump’s plan or Gaza, according to a written statement by the Director of the President’s Press office, Victoras Papadopoulos. Papadopoulos also noted that the President also spoke of the importance of the new EU Mediterranean Pact, while welcoming Egypt’s role. He added that President Christodoulides elaborated on the potential role of Cyprus in the implementation of Trump’s peace plan.

Close cooperation essential to achieving shared goals, Energy Minister tells Limassol CCI

Close cooperation is essential to achieving the shared goals of the Government and the business community, namely green and digital transformation, enhancing competitiveness, and upgrading Cyprus’ international image, Minister of Energy, Commerce and Industry, George Papanastasiou said at the 63rd Annual General Assembly of the Limassol Chamber of Commerce and Industry (LCCI) on Wednesday evening. In his speech, the Minister said that Limassol ‘is moving dynamically into a new era of growth and extroversion, with modern infrastructure and strategic planning that strengthen its role as a key economic, maritime and tourism hub of our country.’

Thursday 23 October 2025

President: EU adopted Cyprus’ position to exclude threatening third countries from SAFE

The position of the Republic of Cyprus on the SAFE (Security and Defence Fund for Europe) mechanism has been adopted, President of the Republic Nikos Christodoulides said on Thursday, speaking upon his arrival at the European Council meeting in Brussels. ‘I am pleased that our position regarding the participation of non-EU countries in the SAFE mechanism has been adopted,’ the President said, making clear that ‘no third country that occupies territory or threatens the security of member states can, under any circumstances, participate in or benefit from any EU financial instruments in the field of defence and security.’

Cyprus represented in EU’s JA PRISM by OKYPY Mental Health Services Directorate

Cyprus is represented in the European project Joint Action PRISM (Prevention-oriented Rights-based approach to Support Mental health in vulnerable population groups) by the Mental Health Services Directorate of the State Health Services Organisation (OKYPY). The project brings together 59 organisations from 20 countries, with the aim of improving mental health among vulnerable social groups.

EPP Declaration on the Middle East Includes Cyprus-Initiated Section

A section on the Middle East was added to the European People’s Party (EPP) declaration during the party’s summit on Thursday, following an initiative by the Republic of Cyprus, according to sources. The inclusion is considered significant, as the original draft of the declaration reportedly contained no reference to the Middle East.

UN contribution to the Cyprus issue is significant, Greek President says in a letter to Guterres

“The ongoing illegal Russian invasion of Ukraine, as well as the challenge of achieving sustainable peace in the Middle East and Gaza, among other conflicts, are a serious reminder that peace and security cannot be taken for granted. In this spirit, the contribution of the United Nations to peacebuilding in many crises, including the Cyprus issue, is particularly valuable” notes President of the Hellenic Republic, Konstantinos Tasoulas, among other things, in a letter to UN Secretary-General António Guterres.

President presents evidence of Turkey’s sanctions evasion at the European Council

President of Cyprus Nikos Christodoulides presented evidence to the European Council regarding Turkey’s circumvention of sanctions against Russia, during discussions on the issue of Ukraine. The matter was extensively discussed at the Summit of EU leaders. According to sources, the evidence refers to the use of shell companies, insurance firms, and other service providers that receive Russian oil, rebrand it as originating from another source, and resell it, thus ensuring a steady flow of funds to Russia.

Cyprus’ President welcomes strengthened European focus on Defence and Security

The European Council approved the first part of the conclusions of the October 23, 2025 Summit, reaching significant agreements on European defence and security, and setting as a priority the strengthening of Europe’s defence readiness by 2030. This decision comes in response to growing challenges and threats, with particular emphasis on Russia’s war against Ukraine, which was described in the conclusions as ‘an existential threat to the EU.’

President: Historic EU summit on housing, Cyprus made its mark on Gaza, defence, green transition

President of the Republic, Nikos Christodoulides, described the European Council meeting held on Thursday in Brussels as ‘historic,’ noting that it was the first time that housing was discussed at this level. In statements after the summit, he said Cyprus had set out clear positions on the Middle East, European defence, competitiveness, and social policy.

Friday 24 October 2025

Cyprus and group of other states call for delay and revision of EU’s new emissions trading system

At the initiative of Cyprus and a group of other EU member states, a reference has been added to the European Council Conclusions calling for a review of the framework governing the new EU Emissions Trading System (ETS2) for road transport and building heating. Stressing the need for a balance between climate goals and competitiveness, Nicosia is seeking a more flexible and socially fair approach for small and island states, as well as a postponement of ETS2’s implementation until 2030.

Officials outline challenges and opportunities for Cyprus at 16th Limassol Economic Forum

No European Security Architecture can be complete as long as Cyprus remains divided, said the President of the House of Representatives, Annita Dimitriou, in her address at the 16th Limassol Economic Forum, on Friday, stating that no country that violates international law or occupies part of an EU member state can be a credible partner in shaping European security. For her part, Deputy Minister to the President, Irene Piki, referred to three “interconnected pillars” on which Cyprus is focusing, namely reform, investment, and institutional integrity, pointing out that “each pillar stands on its own merit but together they form a coherent national strategy that enables Cyprus to turn challenges into opportunities and to build an economy that is more robust, more innovative, and more globally connected than ever before.”

Court decision on usurpation of properties sends a clear message, Spokesman says

The decision of the Nicosia Assize Court sends a strong message about the consequences of attempting to engage or are already involved in usurpation of properties, Government Spokesperson Konstantinos Letymbiotis said in a written statement. “The usurpation of Greek Cypriot properties in the occupied territories of the Republic is neither dealt with in a passive manner, nor with tolerance,” he notes, adding that in a well-governed and organized State that faces the painful reality of the Turkish occupation, there is a duty of highlighting the magnitude of the illegality, while the implementation of the law and the protection of the national interest are imperative.

First focus session of CBC with payment service providers on the digital euro

The Central Bank of Cyprus held Friday its first focus session on the digital euro with payment service providers, namely banks, payment institutions, and electronic money institutions. In a press release, CBC notes that the welcoming speech on behalf of the Governor, Christodoulos Patsalides, was delivered by the Executive Director, George Karatzias, who stated that the session takes place at a momentous juncture, heralded on one hand by the preparations for the digital euro only five days before the Governing Council of the ECB decides on the project’s next steps, and on the other hand amidst intense legislative negotiations in Brussels for the ‘Single Currency Package’.

Ambassador of Palestine urges countries to follow Cyprus’ example for Gaza

Ambassador of the State of Palestine to the Republic of Cyprus, Abdallah Attari, has called on all countries to follow the example of the Republic of Cyprus by actively contributing to the reconstruction efforts in Gaza. In a press release, he says that “we followed with great satisfaction the statement of His Excellency the President of the Republic of Cyprus, Mr. Nikos Christodoulides, on Euronews, in which he highlighted the contribution of the Cypriot Government to the delivery of humanitarian aid to the Gaza Strip, as well as the six-point plan of the Republic of Cyprus for Gaza. Initiatives such as these strengthen the resilience of the Palestinian people on their land and reinforce the role of the Palestinian Authority within the framework of the United Nations and UNRWA”.

President participates in meeting of the Coalition of the Willing for Ukraine

President of Cyprus, Nikos Christodoulides, participated on Friday in a meeting, via videoconference, of the Coalition of the Willing for Ukraine, which was convened by Prime Minister of the United Kingdom, Keir Starmer, and President of France, Emmanuel Macron. A written statement by the Deputy Government Spokesperson, Yiannis Antoniou, says that the videoconference was attended, among others, by leaders of European and other countries, the heads of the European Council and the European Commission, as well as the Secretary General of NATO.

Saturday 25 October 2025

Cyprus MFA announces that shelter material sent via “Amalthea” arrived in Gaza

Shelter material sent via the Amalthea Plan maritime corridor arrived in Gaza, the Cyprus Ministry of Foreign Affairs announced on Saturday. The material was sent in close coordination with UNOPS and All Hands Hearts organization.

Cyprus is recognised globally for its role as a safe hub in the region, President says

President of the Republic of Cyprus, Nikos Christodoulides, has said that Cyprus’ role as a safe hub in a region hit by protracted crises is recognized universally, stressing that this role will be further highlighted during the Presidency of the Council of the European Union that Cyprus will assume on January 1st, 2026. In his address on Saturday, at the International Sea Tourism Festival (ISTF) at the Ayia Napa Marina, the President noted that despite geopolitical regional challenges, the importance of the maritime tourism sector for Cyprus is already visible.

Sunday 26 October 2025

Athens and Nicosia share the common goal of liberating Cyprus, President says

Athens and Nicosia are united by common aspirations and goals for the liberation of Cyprus, the President of the Republic, Nikos Christodoulides, said on Sunday, in statements in Thessaloniki where attends celebrations for the city’s Patron Saint, St. Demetrius, as an honourary guest alongside the President of the Hellenic Republic, Konstantinos Tasoulas. Moreover, Christodoulides noted that on Sunday the first Chair of Cypriot Studies will be inaugurated at Aristotle University so that “the Republic of Cyprus honours Thessaloniki and Macedonia.”

Monday 27 October 2025

Deposits and loans up in September, CBC data show

Deposits and loans in Cyprus both recorded a net increase in September, according to statistics released on Monday by the Central Bank of Cyprus, which are included in the October 2025 edition of Monetary and Financial Statistics. Total deposits in September 2025 recorded a net increase of pound 670.2 million, compared with a net increase of pound 44.3 million in August 2025.

Petroleum product sales up 11,2% in September

Total sales of petroleum products in Cyprus recorded an annual increase of 11.2% in September 2025, reaching 144,720 tonnes while an increase of 4.7% was recorded in the first nine months of the year, according to data released by the Statistical Service of Cyprus. The rise was mainly driven by a sharp increase in oil supplies to ships (112.3%) and aircraft (16.8%).

Budget implementation: 59% in revenue, 52% in expenditure in first 9 months 2025

Implementation of the 2025 state budget reached 59% for revenue and 52% for expenditure by end of September, according to the Treasury of the Republic of Cyprus. Specifically, by the end of September 2025, revenue amounted to pound 6.91 billion, corresponding to 59% of the state budget (2024: pound 7.72 billion, 68%), while actual expenditures reached pound 6.75 billion, representing a implementation rate of 52%(2024: pound 7.94 billion, 58%).

Cyprus-UK FMs commit to advance bilateral ties and strategic dialogue

Foreign Ministers of Cyprus and the UK committed on Monday to advance the strategic dialogue and further strengthen bilateral relations. According to a post by Cyprus’ Foreign Ministry, Minister Constantinos Kombos had a constructive first telephone call with UK’s recently appointed Secretary of State for Foreign, Commonwealth and Development Affairs, Yvette Cooper.

France determined to assist Cyprus for a successful EU presidency, says Minister delegate for European Affairs

France is determined to assist Cyprus in any way to make its EU Presidency a successful one said Minister delegate for European Affairs, Benjamin Haddad, who is visiting Cyprus on Monday. Haddad met with Cyprus Deputy Minister for EU Affairs Marilena Raouna who spoke of an upgrade of the strategic partnership between the two countries.

Cyprus President and French Minister discuss partnership ahead of Macron visit

Cyprus and France are moving towards the signing of a comprehensive strategic partnership agreement, with both sides expressing their intention to finalise the document ahead of French President Emmanuel Macron’s visit to Cyprus. President Nikos Christodoulides, welcoming France’s Minister Delegate for European Affairs Benjamin Haddad at the Presidential Palace on Monday, said the partnership is a very important political, economic, and cultural document that they want to finalise as soon as possible and to receive in Cyprus Emmanuel Macron to sign the document.

Cyprus Minister asks EU Council for adequate funding for farmers’ climate crisis adaptation

Minister of Agriculture, Rural Development and Environment, Maria Panayiotou called for adequate funding to support farmers in adapting to the climate crisis and to promote generational renewal in the agricultural sector, during her remarks at the Agriculture and Fisheries Council in Luxembourg on Monday. In her statement ahead of the Council, the Minister highlighted three critical issues affecting the agricultural sector, with a particular focus on the challenges faced by Cyprus. She began by addressing the discussion on the “green architecture” of the new Common Agricultural Policy (CAP) post-2027.

We need to remain focused in the implementation of GSI, Energy Minister says

The Republic of Cyprus needs to remain focused in the implementation of the Cyprus-Greece electric interconnection, Minister of Energy, Commerce and Industry, Giorgos Papanastasiou, said on Monday in Paphos. Speaking before attending the annual General Meeting of the local Chamber of Commerce and Industry, the Minister noted that any statements on the subject other than the ones from the European Commission are unnecessary.

Tuesday 28 October 2025

France is committed to Cyprus’ regional security, Minister Delegate for Europe tells CNA

French President, Emmanuel Macron, intends to visit Cyprus in the next few months and one of the objectives will be to sign and finalise the two countries’ strategic partnership, France’ s Minister Delegate for Europe, Benjamin Haddad, has told the Cyprus News Agency (CNA), adding that this will really upgrade the two countries relationship ‘to one of the key ones for us in Europe.’

Greece a steadfast ally for Cyprus, says Ambassador Kollias

Greece and Cyprus are currently facing common international challenges, but the greatest and ongoing challenge is the Turkish occupation, and Greece is a steadfast ally and supporter of the effort to end it, Ambassador of Greece Konstantinos Kollias said on Tuesday. Delivering a speech at the Doxology for October 28 “OXI” National Day at Apostle Barnabas Cathedral in Nicosia, the Ambassador said that Cyprus has Greece’s unwavering support for the national goal, adding that in this common effort Greece is “a steadfast ally, a sincere and selfless supporter”.

We are all judged at the negotiating table says President Christodoulides

We will all be judged at the negotiating table, President Nikos Christodoulides said on Tuesday, when asked to comment on statements made by new Turkish Cypriot leader Tufan Erhurman. In press statements following the student parade in Nicosia for October 28 National Day and in response to a journalist’s remark, among other things, that Erhurman did not refer to a Bizonal Bicommunal Federation, the President said that he reads his daily statements.

Defence Ministers discuss Greece-Cyprus cooperation in Thessaloniki

Greece and Cyprus’ Defence Ministers discussed bilateral cooperation in the framework of recent international developments, during a meeting they had in Thessaloniki, Greece on Tuesday. Defence Minister, Vasilis Palmas, met with his Greek counterpart, Nikos Dendias, in one of their regular meetings, as the latter noted in a post on X. ”

Cyprus honours OXI Day

Cyprus marked with a parade the October 28 National Day, when in 1940, the Prime Minister of Greece, Ioannis Metaxas denied Benito Mussolini’s request to allow Italian troops to cross the border into Greece. The anniversary was honoured in the morning with a doxology at Saint Barnabas Cathedral in Nicosia, in the presence of President Christodoulides and officials of the political and military leadership.

Eurobarometer: High recognition, limited participation for social economy in Cyprus

The social economy is a significant pillar for Cypriot society and daily life, according to the findings of Special Eurobarometer 567, conducted in May 2025. In Cyprus, where 501 interviews were carried out, the results show that despite high recognition of the concept of the social economy, citizen participation in related organizations remains limited.

Council reaches compromise on 2026 catch limits in the Baltic Sea

After overnight negotiations, the EU Council of Fisheries and Agriculture reached on Tuesday a political agreement on the fishing limits for key fish stocks in the Baltic Sea for 2026. The agreement, based on scientific advice from the International Council for the Exploration of the Sea (ICES), aims to ensure the sustainability of fish stocks and support the fishing sector. However, Sweden did not endorse the final compromise, expressing reservations about its effectiveness.

Cyprus Minister calls for EU funding to support drought-stricken farmers

Minister of Agriculture, Rural Development and Environment, Maria Panayiotou, attended the Agriculture and Fisheries Council held on October 27 and 28, 2025, in Luxembourg, where discussions focused on the proposal for the Common Agricultural Policy (CAP) post-2027 regarding the green architecture, the market situation, the Strategy for Renewing Generations in Agriculture, and the upcoming session of the International Commission for the Conservation of Atlantic Tunas (ICCAT), which covers tuna and bonito species. In her statements, Panayiotou informed her counterparts about the dramatic situation facing agriculture in Cyprus due to drought, requesting support for affected farmers from EU funds. She also called for realism in implementing the EU’s generational renewal plan in agriculture, taking into account the needs of each member state.

Wednesday 29 October 2025

President Christodoulides calls for swift approval of tax reform by Parliament

President of Cyprus Nikos Christodoulides expressed on Wednesday hope that the House of Representatives will approve the Government’s proposal for tax reform, as the Cabinet was set to approve the relevant bills during its meeting at the Presidential Palace. Addressing the Cabinet, President Christodoulides expressed satisfaction that, 22 years after the last comprehensive tax reform, six bills on tax reform were being approved, in line with the Government’s broader policy of continuous reform.

Average gross monthly earnings of employees at pound 2,476 in Q2, 2025, up 4.2% year on year

Average gross monthly earnings of employees during the second quarter of 2025 recorded an increase of 4.2%, amounting to pound 2,476, compared to pound 2,375 during the same quarter of 2024, based on provisional data, published by the Statistical Service on Wednesday. For the second quarter of 2025, there is an increase in seasonally adjusted average gross monthly earnings compared to the first quarter of 2025, of 0.9%.

President expresses readiness to create conditions to resume talks in a meeting with UN official

The President of Cyprus, Nikos Christodoulides, expressed the political will to address the challenges and to create the appropriate conditions for the resumption of talks from the point they were left off in Crans-Montana in 2017, during his meeting on Wednesday at the Presidential Palace with the new Special Representative of the UN Secretary-General in Cyprus and Head of UNFICYP, Khassim Diagne.

President’s first meeting with UN official a very constructive one, Spokesperson says

Government Spokesperson Konstantinos Letymbiotis said on Wednesday that the first meeting between President of the Republic, Nikos Christodoulides, and new Special Representative of the UN Secretary-General in Cyprus and Head of UNFICYP, Khassim Diagne, was a very constructive one, adding that the President expressed his political will for a close cooperation. It was, he said, the first meeting of the President of the Republic with the new Special Representative of the UNSG in Cyprus, it was “a very constructive meeting, during which the President of the Republic expressed once again his sincere political will and the Republic of Cyprus’ for a close, good cooperation both with Diagne and with the United Nations, especially in the efforts that the UN Secretary-General personally makes for the resumption of negotiations, always within the agreed framework.”

Diagne grateful for meeting with President Christodoulides

Khassim Diagne, Special Representative of the United Nations Secretary-General in Cyprus and Head of the United Nations Peacekeeping Force in Cyprus, expressed his gratitude for the opportunity to meet the President of the Republic, Nikos Christodoulides, for the first time on Wednesday. Speaking to reporters after his meeting with President Christodoulides at the Presidential Palace, Diagne said he looks forward to meeting with Tufan Erhrman, the new Turkish Cypriot leader, when his schedule allows.

Cabinet approves tax reform bills, FinMin speaks of ‘landmark’ initiative

The Council of Ministers approved on Wednesday the government’s proposal for the tax reform, which includes six amending bills and will now be submitted to the House of Representatives for discussion and approval, Finance Minister Makis Keravnos announced, describing it as ‘an important and landmark initiative of the President of the Republic’ that is now moving toward implementation. Speaking at the Presidential Palace after the Cabinet meeting, Keravnos said the reform comprises a package of six amending bills, emphasising that these changes are necessary as they form part of a broader restructuring of the tax system.

Cabinet extends zero VAT on certain basic goods until December 2026

Minister of Finance, Makis Keravnos, announced on Wednesday the extension of the zero VAT rate on basic goods, such as baby milk, baby and adult diapers, hygiene products for women and fruits and vegetables until December 2026. In statements after the meeting of the Council of Ministers, which approved a relevant proposal from the Ministry of Finance, Keravnos said that this proposal is about the extension of the zero value added tax rate, which expires in December 2025, and the aim is to keep it in force until December 2026 on certain basic products.

New UNSG Special Representative “well informed” about Cyprus issue, sources say

New Special Representative of the UN Secretary General in Cyprus and Head of UNFICYP, Khassim Diagne, is well informed about all aspects of the Cyprus problem and current developments, competent sources have said. According to the sources Diagne, who was received on Wednesday for the first time by President of the Republic Nikos Christodoulides at the Presidential Palace, is in direct communication with UNSG’s Personal Envoy for Cyprus, Maria Angela Holguin, and maintains a very close relationship with UN Secretary General, Antonio Guterres.

President of the Republic has telephone conversation with Turkish Cypriot leader

President of the Republic, Nikos Christodoulides, had on Wednesday afternoon a telephone conversation with new Turkish Cypriot leader, Tufan Erhurman, “as a result of a relevant initiative by the President of the Republic, immediately after the results of the voting process in the occupied territories”. According to a post on ‘X’ by Government Spokesperson Konstantinos Letymbiotis, during the conversation, President Christodoulides congratulated Erhurman and expressed his readiness to hold a joint meeting as soon as possible.

Cyprus underlines before UNGA Sixth Committee the importance of fully respecting UNCLOS

Cyprus underlined on Wednesday, before the Sixth Committee of the United Nations General Assembly, the importance of fully respecting the UN Convention of the Law of the Seas (UNCLOS). Addressing in her capacity as Head of the Department of International Law at the Law Office of the Republic of Cyprus, the Sixth Committee of the United Nations General Assembly in New York, during the debate on agenda item 80, ‘Report of the International Law Commission”, Mary-Ann Stavrinides stressed that ‘Cyprus cannot emphasize enough the indispensability of fully respecting UNCLOS, which constitutes the legal framework within which all activities in the oceans and seas must be carried out.’

Thursday 30 October 2025

CySEC carries out awareness campaign on digital finance

The Cyprus Securities and Exchange Commission (CySEC) marked its participation in the World Investor Week 2025 with a series of targeted initiatives aiming to raise awareness and to educate people on the challenges of today’s digital financial environment. According to a press release issued by the CySEC, financial education has long been a strategic priority for the CySEC, because it serves as the first line of defence for investors, and is critical to navigating the rapid technological advances that have increased the public’s access to investment options and products, some of which carry high risk.

Upcoming EU Presidency places Cyprus at the heart of the Union, President says

The President of the Republic, Nikos Christodoulides, described the upcoming Cyprus’ Presidency of the Council of the EU as a “collective national mission” that will strengthen Cyprus’ position within the European structure, highlight its role as the southeastern border of the Union, and make a decisive contribution to shaping policies that affect citizens’ daily lives. He made these remarks during a meeting with the Secretary-General of the Council of the EU, Thérèse Blanchet, and the Director-General for Institutional and General Policy, Didier Seeuws, at the Presidential Palace, on Thursday morning.

Cyprus utilised pound 700 mln from EU Cohesion Policy Programme, according to Finance Ministry

The ‘THALIA 2021-2027′ Cohesion Policy Programme is in full implementation in Cyprus, with more than 100 projects either under way or completed and around pound 700 million already utilised, according to the Directorate General for Growth (DGG) of the Ministry of Finance, which reported on the visit of a delegation from the European Parliament’s Committee on Employment and Social Affairs (EMPL) this week. According to a Press Release issued by the DGG, the delegation of Members of the European Parliament had the opportunity to visit projects co-funded by the European Union under the THALIA Programme.

Cyprus and EU Parliament Committees discuss social dialogue and Cyprus’ EU presidency

The fair distribution of wealth, the cost of living, social dialogue, and support for young workers were at the heart of a joint session of the House Committees on Labour and Foreign Affairs with the European Parliament’s Committee on Employment and Social Affairs, on Thursday in Nicosia. The Committee’s Chair, Li Andersson, announced closer cooperation ahead of Cyprus’s upcoming EU Presidency. Speaking after the meeting in Cyprus’ Parliament, Andersson pointed out the island’s very strong performance in employment.

Missing persons issue a matter of human dignity and life, says EP Rapporteur

I really want to come first of all to listen, to understand, to know more about this issue which is not a technical or political usual issue, it is a matter of life, a matter of human dignity, a matter of justice for so many families that have been deprived of news from their loved ones, said the Standing Rapporteur for missing persons in Cyprus for the European Parliament’s Committee on Civil Liberties, Justice and Home Affairs (LIBE), François Xavier Bellamy, on Thursday. In a meeting with the President of the House of Representatives, Annita Demetriou, Bellamy thanked DISY MEP Loucas Fourlas for suggesting that he take up the issue and assured her that he would do everything he could to support and assist the work being done here, noting the visits to the European Parliament by representatives from both sides and adding that concrete solutions must be found so that families can obtain information about their loved ones.

Industrial production records annual increase in August and in first eight months of the year

The Industrial Production Index in August this year reached 91.1 units (base 2021=100), recording an increase of 0.8% compared to August 2024. According to the Statistical Service of Cyprus, for the period January – August 2025, the index recorded an increase of 2.8% compared to the corresponding period of the previous year. The manufacturing sector registered an increase of 1.7% compared to August 2024.

AMLA Chair visits Cyprus to strengthen strategic cooperation with national authorities

The Chair of the EU’s Anti-money Laundering Authority (AMLA), Bruna Szego, visited Cyprus on October 30, in the context of her visits to all European Union Member States with the aim of building an EU AML Community, by strengthening the coordination between ALMA and National Competent Authorities. According to a statement by the Central Bank of Cyprus, during her visit at the CBC premises, Szego met Cyprus’ joint representative to AMLA’s General Board, Kleanthis Ioannides, as well as the CBC’s senior leadership, namely Executive Board Member George Karatzias and Pany Karamanou, Head of the Directorate General for Financial Stability and Resolution.

Cyprus-India FMs discuss progress in bilateral cooperation

Foreign Minister Constantinos Kombos paid on Thursday an official visit to India during which he met with his Indian counterpart, S. Jaishankar, followed by extensive talks between the delegations of the two countries. According to an official press release, during their meeting, the two Ministers reviewed ‘the significant progress that has been made towards the implementation of the commitments included in the Christodoulides-Modi Joint Declaration, during the official visit of the Indian Prime Minister to Cyprus last June, and the definition of the framework for the establishment of a strategic partnership between the two countries”.

Real GDP growth in Cyprus to slow from 3.9% in 2024 to 3.5% in 2025, ERC says

Real GDP growth in Cyprus is projected to slow from 3.9% in 2024 to 3.5% in 2025, and to hold steady at 3.5% in 2026, the Economics Research Centre of the University of Cyprus says in its Economic Outlook issue for October 2025. The forecasts for 2025 and 2026, it notes, are higher by 0.3 and 0.2 percentage points, respectively, compared with those in the July issue, reflecting the upward revisions in the national accounts data published in October.

Eurostat: Cyprus second from last in EU for breast cancer screening participation

Cyprus ranked second from last in the European Union, in breast cancer screening programs with only a 29.8% participation rate for women aged 50-69 according to 2023 data. The latest available data on cancer screening programs in Europe, were published by Eurostat, highlighting significant differences among EU member states in both participation rates and the effectiveness of prevention programs.

Unemployment in Cyprus drops to 4.9% in September 2025, according to Eurostat

Eurostat places Cyprus among the countries with the best performance for 2025, as it records one of the lowest unemployment rates. According to the most recent data, Cyprus recorded an unemployment rate of 4.9% in September 2025, significantly lower than the EU average of 6% and the euro area average of 6.3%.

Cyprus talks will succeed if people feel they will be secure and prosperous, Menelaou tells panel discussion

A new process of negotiations will succeed if citizens, Greek Cypriots and Turkish Cypriots alike, feel that the prospect or resolving the Cyprus issue enhances their sense of security, safeguards the normality of their daily lives, strengthens their prosperity, offers a more hopeful future and wipes away any ground for the revival of the conflict of the past, Greek Cypriot negotiator Menelaos Menelaou said, noting at the same time that ‘we remain firmly committed to shaping a positive path ahead.’ Menelaou, was speaking during a panel discussion, entitled ‘Perspectives on the Relationship between the EU and Cyprus and Cyprus Problem’ co-organised by the Cyprus Center for European and International Affairs and the European Policy Centre at the University of Nicosia, on Thursday evening.

Friday 31 October 2025

Foreign Ministry issues travel advice for Tanzania

The Ministry of Foreign Affairs of the Republic of Cyprus issued on Friday, travel advice to Cypriot citizens who are currently in or are planning to travel to Tanzania. According to an official announcement, the Foreign Ministry advises Cypriot citizens ‘to exercise a high-degree of caution due to the ongoing unrest and the imposition of curfew in country.’

FinMin highlights government’s “prudent and responsible” fiscal policy

The government has been implementing a prudent and responsible fiscal policy, Minister of Finance, Makis Keravnos, said on Friday at the 11th Conference of the Treasury of the Republic, stressing the importance of the role of the Republic’s Treasury. Speaking at a Conference entitled: “The reform course of the Treasury through digital transformation”, which took place in Nicosia, the Minister said that in order to maintain the good economic course, and to further improve public finances, the role of the Treasury becomes even more important. We are faced with many challenges this current period, he said, referring to international geopolitical tensions, uncertainty in energy markets, inflationary fluctuations and weak growth in the global economy.

UN top official says he looks forward to working with leaders for a Cyprus solution

I look forward to working with both leaders constructively, new Special Representative of UN Secretary General in Cyprus and head of UNFICYP, Khassim Diagne, said Friday. In statements to journalists after his first meeting with new Turkish Cypriot leader Tufan Erhurman, Diagne said that he seized the opportunity following the United Nations Secretary General’s letter to Erhurman dated 27 October 2025 to offer his congratulations on the assumption of his duties as the new leader of the Turkish Cypriot community and wish him well. He also recalled the UNSG’s “commitment to work for the wellbeing and security of all Cyprus in order to secure a peaceful resolution, and sustainable solution to the Cyprus issue”.

Central Bank sets reference interest rate at 11.84%

The Central Bank of Cyprus has set the reference interest rate at 11.84%, exercising its powers under Article 314A of the Cyprus Criminal Code, Cap. 154. According to the provisions of the article, this reference rate serves as the legal benchmark for determining cases of excessive interest charges.

New loans rise, interest rates stabilize in September, Central Bank reports

The Central Bank of Cyprus (CBC) announced on Friday a notable rise in both pure new loans and the total volume of new loans in September 2025, according to data published in the October 2025 edition of Monetary and Financial Statistics. The figures also indicate a stabilization in lending and deposit interest rates applied by monetary financial institutions (MFIs).

President thanks Czechia for its principled position on the Cyprus issue

President of the Republic, Nikos Christodoulides, thanked on Friday the Czech Republic for its unwavering support to the sovereignty, independence and territorial integrity of the Republic of Cyprus and for its principled position on the Cyprus problem. Receiving the credentials of new Ambassador of the Czech Republic to Nicosia, Jana Hybášková, the President extended “our sincere gratitude for Czechia’s unwavering support to the sovereignty, independence and territorial integrity of the Republic of Cyprus.

General Government surplus at pound 1.17 billion in the first nine months of 2025

A surplus of pound 1,169.5 million, corresponding to 3.2% of GDP, was recorded by the General Government during the period January-September 2025, according to preliminary fiscal results published by the Statistical Service of Cyprus. The corresponding surplus for the same period of 2024 had amounted to pound 1,344.3 million or 3.9% of GDP. Total General Government revenue increased by pound 650.1 million or 6.2%, reaching pound 11,197.5 million, compared with pound 10,547.3 million in the corresponding period of 2024.

Eurostat: Tax-to-GDP ratio increase in the EU and Eurozone in 2024, slight rise in Cyprus

The overall tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of gross domestic product (GDP), reached 40.4% in the European Union in 2024, up from 39.9% in 2023, according to data published by Eurostat on October 31. Cyprus recorded a slight increase from 37.5% in 2023 to 37.6% in 2024, remaining above the EU average.

Japan will continue its contribution to a peaceful and viable solution of the Cyprus issue, new Ambassador says

Japan will continue its contribution to a peaceful and viable solution of the Cyprus issue based on the related UN resolutions, new Ambassador of Japan in Nicosia Satoshi Iwasaki said on Friday, presenting his credentials to President of the Republic, Nikos Christodoulides, at the Presidential Palace. “I would like to confirm the position of the government of Japan regarding the Cyprus problem. My government will continue its contribution to a peaceful and viable solution based on the related UN resolutions as a member of the G7 and the UN so that the people of Cyprus may live in a secure environment”, the Ambassador stressed.

Producer Price Index in Industry down by 0.6% in September 2025

The Producer Price Index in Industry recorded an annual decrease of 0.6% in September 2025, reaching 122.3 units (base 2021=100), according to data published by the Statistical Service of Cyprus. Compared with August 2025, the index fell by 0.4%, while for the period January-September 2025 it recorded a decrease of 0.4% compared with the corresponding period of 2024.

Euro area annual inflation falls in October 2025, Cyprus records slight increase

Annual inflation in the euro area decreased to 2.1% in October 2025, down from 2.2% in September. However, Cyprus saw a rise from 0.0% in September to 0.3% in October 2025. At the euro area level, services remain the sector with the highest annual inflation rate, reaching 3.4% in October, up from 3.2% in September. Food, alcohol, and tobacco follow at 2.5%, while processed food, alcohol, and tobacco recorded 2.4%.

Negative financial net worth, 8.4% increase in household income in 2024

Cyprus recorded a negative financial net worth of pound 29,269.3 million at the end of 2024, according to data released by the Statistical Service of Cyprus on annual financial accounts by institutional sector. The total financial assets of the economy amounted to pound 795,274.6 million, of which 50.3% were equity and shares, 17.2% cash and deposits, and 18.8% loans.

Economic Sentiment in Cyprus strengthens in October

In October 2025, economic sentiment in Cyprus improved, as the Economic Sentiment Indicator (ESI-CypERC) rose by 2.0 points, compared to September. According to the Economic Research Center of the University of Cyprus, this increase was driven by stronger business confidence in the services and construction sectors.

Cyprus solution a matter of security for the region, President stresses (2)

The solution of the Cyprus problem is important because there is now interest from neighbouring states, President of the Republic, Nikos Christodoulides, stressed on Tuesday, noting that the solution is a matter of security and stability for the entire region as well as a key factor for EU integration.

Addressing the 21st Annual Economist Cyprus Summit, which is taking place in Nicosia, the President said that “the solution of the Cyprus problem is important because there is now interest from neighboring states in resolving the Cyprus problem, the form of the solution, the content of the solution, it is not only our obligation but it is a matter of security and stability for the entire region as well as of key importance for the integration of the EU”.

The President said he is proud for the fact that Cyprus is recognised for what it truly deserves, it is recognised as a safe harbour in a turbulent and geostrategically important neighbourhood, a hub of connectivity and cooperation between three continents, a state with a clear Western orientation that is at the same time an honourable, reliable and predictable partner of responsibility, a stable and consistent actor in the region, which is part of the solutions to the challenges we face.

He added that Cyprus is on the path of responsibility having clear goals and objectives and dares to take initiatives and referred to the trilateral and multilateral cooperation mechanisms with important regional actors, Greece, Egypt, Israel, Jordan, Lebanon, and the UAE.

We are working, the President noted, “and the goal may sound ambitious, we are working towards the maturation of the necessary political conditions for the establishment of a regional security and cooperation organisation, an OSCE or NATO, if you like, of the wider Middle East that will highlight the benefits through the cooperation of all of us through the promotion of regional cooperation.”

He said that Cyprus has repeatedly carried out operations to remove citizens from turbulent areas, being a reliable evacuation hub, created the Amalthea sea corridor for humanitarian aid to Gaza, a model of responsible humanitarian diplomacy, having sent over 25 thousand tons of humanitarian aid working with the US, the UAE, the UK, and the EU.

We also, he said, presented a concrete six-point plan aimed at assisting the implementation of the Trump plan for Gaza and peace in the Middle East, adding that at the same time we strengthened our relations with India.

We are also working, he said, to strengthen our cooperation with the US, a cooperation through which Cyprus is upgrading its position at a regional level. In the context of this relationship, he added, the US recognises Cyprus as exactly what it is, a reliable, predictable, responsible partner in the wider region. There is no doubt, he noted, that our strategic cooperation with the US has been upgraded and has reached, as US officials said, levels that have never existed before. Giving a series of examples of this cooperation, he said, among other things, that projects will be carried out that will help upgrade the Andreas Papandreou air base in Cyprus.

The level of Cyprus-US relations is unprecedented, he underlined, saying that there is a common will to continue both to strengthen bilateral cooperation and to expand our cooperation at a regional level with the participation of other states in the region with common strategic goals.

Referring to the Cyprus Presidency of the Council of the EU, that will begin in January, he said that it will be a presidency during which we will work to strengthen two key objectives, the strengthening of the EU’s strategic autonomy and by extension its international footprint and the strengthening of the EU’s relations with the region.

A strong EU, he said, also means a strong Republic of Cyprus and we will work to bring the EU and the countries of the Middle East closer together strategically.

He stressed that the security of the region is inextricably linked to the security of the EU. Quite rightly, he pointed out, the EU is focused on Ukraine, but if it wants to become strategically autonomous, it must also focus on issues in the South, recognizing the importance of the Mediterranean, the Middle East and the Gulf as a bridge of common interests and perspectives.

Regarding the Cyprus issue, he said that “our responsible, extroverted and multi-level foreign policy, in conjunction with our efforts to strengthen our country’s internal factors of strength – economy, rule of law, fight against corruption, reforms – as well as external ones, aims to serve our basic national priority, strengthening our efforts for the liberation and reunification of our country.”

Our active diplomacy, regional cooperation, humanitarian initiatives, geopolitical credibility, the upgrading of the role of our country’s image at the international level directly affects our efforts to resolve the Cyprus issue, the President went on to say, adding that “this strategy of ours has contributed decisively to the renewed international interest in the Cyprus issue after seven years of stagnation.”

We see this, he added, “through the renewed interest of the UN in promoting the solution process, we see it through the appointment of the Personal Envoy of the UN Secretary-General, we see it through the appointment of a political figure by the EU, we see it from the meetings that took place either at the trilateral or multilateral level, and all that is planned in the immediate future.”

President Christodoulides pointed out that this mobility is the result of political responsibility and consistency based on a specific plan.

Despite the difficulties and challenges, he added, “which in no way do I underestimate, we will continue our efforts with the aim of achieving a sustainable and functional solution always within the framework of the UN resolutions and the European acquis, a solution that will allow us to utilize all the potential and prospects of our country.”

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.

In 2025 the Secretary-General hosted two informal meetings on Cyprus, in March in Geneva and in July in New York, while a tripartite meeting with the Cyprus leaders was also held in late September, at the end of the UN General Assembly High Level Week. An informal meeting in broader format is expected later this year.