SAFE funding will be used to cover National Guard’s needs by the end of 2030, Minister says

The use of the SAFE financial instrument constitutes part of the government’s collective effort to further upgrade and enhance the National Guard’s readiness, Defence Minister Vassilis Palmas said on Monday, noting that the Ministry’s goal is to make full use of available funding to cover the priorities of the National Guard over the next five years, up to the end of 2030.

Addressing a discussion on European defence and Cyprus’ role, organised by Cypriot MEP Costas Mavrides, member of the European Parliament’s Committee on Security and Defence, at the House of Europe in Nicosia, the Minister said that beyond the resources and projects to be funded through SAFE, the Ministry of Defence has already prepared a multiannual armament plan. The plan, he added, remains flexible with a view to allow for the integration of new developments and technologies in a sector described by rapid and dynamic change.

‘The situation in Cyprus, where occupation forces are present at particularly high levels, while Turkey has consolidated its position in the defence industry, leaves no room for complacency,’ Palmas stressed. He added that changes in the international environment, especially within the area of interest of the European Union, are evident, and therefore any further delay ‘cannot be accepted.’

In his remarks, MEP Costas Mavrides said that European defence represents the greatest project of European Union integration in recent decades. Within this process of transformation, he said, various challenges, opportunities, weaknesses and risks emerge. Both the challenges and opportunities, he added, are of particular importance to Cyprus, ‘since the Republic continues to face more than just a threat, with part of its territory still under illegal occupation.’

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. The latest round of negotiations, in July 2017 at the Swiss resort of Crans-Montana ended inconclusively.

Papanastasiou in Abu Dhabi and Athens for high-level energy meetings

Cyprus’ Minister of Energy, Commerce and Industry, George Papanastasiou, is embarking on a four-day working visit to Abu Dhabi and Athens for a series of high-level meetings focused on energy cooperation. His trip coincides with the ADIPEC 2025 international energy exhibition and conference, as well as the 6th Ministerial Meeting of the Transatlantic Partnership for Energy Cooperation (P-TEC).

According to an announcement from the Ministry of Energy, Papanastasiou departs on Monday night for Abu Dhabi, where ADIPEC 2025 will take place from November 3 to 6. On Tuesday, he is scheduled to take part in two ministerial roundtable discussions.

The first session, titled ‘Natural gas and LNG: navigating market volatility and supply security risks,’ will address challenges in global gas markets. The second, held alongside Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi, will focus on Cyprus-Egypt collaboration in hydrocarbons-particularly recent agreements for the development of the Cronos and Aphrodite gas fields within Cyprus’ Exclusive Economic Zone, under the theme ‘East Mediterranean offshore collaboration and gas flows.’

During his stay in Abu Dhabi, Papanastasiou will also hold bilateral meetings with senior executives from leading energy companies, including ExxonMobil, Eni, Arcius Energy, and McDermott.

On Wednesday evening, November 5, the Cypriot Minister will travel to Athens to represent the Republic of Cyprus at the 6th P-TEC Ministerial Meeting, which will be held on November 6-7.

The conference is co-organized by the U.S. Department of Energy, Greece’s Ministry of Environment and Energy, and the Atlantic Council’s Global Energy Center, the ministry’s statement added.

Alpha Bank completes acquisition of AstroBank’s banking operations in Cyprus

Alpha Bank has announced the successful completion of the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd (‘AstroBank’), through its subsidiary Alpha Bank Cyprus Ltd (‘Alpha Bank Cyprus’) and other Group entities, following the receipt of all required regulatory approvals (the ‘Transaction’).

The transfer, it notes in the press release, was executed in accordance with the Cyprus Transfer of Banking Business and Securities Law (N.64(I)/1997), and as of 31 October 2025, Alpha Bank Cyprus assumes the assets and liabilities transferred under the Transaction, successfully completing the agreement signed on 24 June 2025.

With the completion of the Transaction, Alpha Bank Cyprus becomes the third-largest bank in Cyprus, with total assets exceeding pound 6.6 billion, a loan portfolio of over pound 2 billion, and deposits surpassing pound 5.6 billion., significantly enhancing its capacity to offer comprehensive banking services to individuals, businesses, and institutional clients, it says.

Cyprus President inaugurates NKUA ?edical School in Nicosia

Cyprus President Nikos Christodoulides inaugurated on Monday the Medical School of the National and Kapodistrian University of Athens (NKUA)-Nicosia campus and spoke of an “historic day.”

The National and Kapodistrian University of Athens, founded in 1837, will be operating four Schools and eight Departments in Cyprus and will offer courses in Greek and English, in the capital Nicosia and the coastal town of Larnaca. It is the first Greek University to operate a branch outside Greece.

Today, the inauguration of the Medical School, the first to operate in Cyprus, and the student dorms took place, in the heart of the old city of Nicosia, near the City Hall, in the presence of the Archbishop of Cyprus, the President of the Parliament, the former President of the Republic, Ministers and Deputy Ministers, the rectors and other officials and the first students who received their medical gowns as first-year students and have already started classes today.

The NKUA has two offices at the historic Eleneion Elementary School and will make use of the Achilleios Library. It also had equipped reading rooms, laboratories, student dormitories and classrooms.

President Christodoulides, a graduate of the NKUA himself, during the inauguration, said that the largest and oldest University of Greece, the first in the entire Balkan Peninsula and the wider Eastern Mediterranean region, with global recognition and prestige, is beginning its operation in Cyprus.

He added that the operation is a milestone in our great effort to further internationalize and upgrade Higher Education in Cyprus and strengthens the strategic goal of making our country a regional center of knowledge, research and innovation, with significant, multi-level benefits for society, the economy and the international image of Cyprus.

The President referred to the benefits of the presence of the University of Athens in terms of collaborations, expanding academic and research development, creating prospects for students, researchers and society as a whole and contributing to further strengthening the unbreakable ties with Greece.

He reiterated that the Government essentially supports every effort that upgrades Higher Education and expands international collaborations with Universities and Research Centers, with a vision for Cyprus to emerge as a recognized hub of excellence and innovation on the global academic map.

He went on to say that our first and main goal is for Cyprus to establish itself as an international educational center of excellence, capable of attracting students, researchers and academics from all over the world, through the internationalization of our Universities, the establishment of international partnerships and our participation in European and international Higher Education networks.

He added that within this framework, the establishment and operation, in Cyprus, of National and Kapodistrian University of Athens Campus contributes decisively to the achievement of our goals.

Archbishop Georgios of Cyprus, also a graduate of the University of Athens, referred to its invaluable contribution to Cypriot Hellenism, saying that for many years the University of Athens accepted thousands of Cypriots without exams, regardless of their baccalaureate degree, and educated many generations with the Greek ethos, at a time when the British were sending graduates to their own Universities “with the aim of anti-Hellenism.”

The Archbishop of Cyprus referred to the high level of the University of Athens and its high achievements around the world, which still receive honorable mention from major universities abroad.

He also spoke about the importance of Greek education on an island like Cyprus, which has known so many conquerors in its long history. It was, he stressed, the main factor in the failure of anti-Hellenism, which was the goal of our conquerors, and without its contribution we would not have survived and would have perished.

In his greeting, the Rector of the National and Kapodistrian University of Athens Gerasimos Siasos referred to the role of the University in supporting Cypriot Hellenism throughout the years with various actions and activities and the promotion of programs and theses, missions and excavations.

He spoke of a historic step with the establishment of the branch in Cyprus and added that after the operation of the Medical School, in 2026 the courses of the Department of Nursing, the Department of Business Administration, the Department of Primary Education, the English-language program of Classical Studies will begin in Nicosia. The Department of Psychology and the Department of Port and Maritime Management will also begin their operation in the city of Larnaka.

Rector Siasos said that in the future other undergraduate programs will operate with the promotion of research and the attraction of students from other countries.

He particularly thanked those who worked hard in Greece and Cyprus to make this step possible today and stressed that the mutual love of Cyprus for the NKUA and the relationship between Greece and Cyprus throughout the centuries left no room in not implementing this historic project.

The Mayor of Nicosia, Charalambos Prountzos, noted the enormous benefits that the operation of the branch of the leading Greek University has for the divided city adding that the inner-walled city of Nicosia warmly embraces the professors, students, researchers and staff and the presence of the NKUA honors the city.

Prountzos stated that the presence of the NKUA in Nicosia is of great importance because it symbolizes the deepening of the educational relations between the two countries and strengthens the role of Nicosia as an educational hub.

He said that with the approval of the application for the establishment of the branch, investment interest in Nicosia has taken on a ”snowball form” and called on President Christodoulides to evaluate the expansion of the student housing subsidy scheme, that operated under the recovery fund.

He said that Nicosia is moving forward with confidence and assured students that the city will be by their side and support them in whatever they might need.

Retail trade turnover increases by 6.3% in value and 9% in volume in September

The Turnover Value Index of Retail Trade except of motor vehicles for September 2025 increased by 6.3% compared to the corresponding month of the previous year, the Statistical Service of Cyprus announced on Monday.

For the same month, the Turnover Volume Index of Retail Trade increased by 9% compared to the corresponding month of the previous year.

Eurostat: 8.2% of workers in the EU and 6.9% in Cyprus at risk of poverty

A percentage of 8.2% of workers aged 18 and above in the EU were at risk of poverty in 2024, despite being actively employed, the latest data on the living conditions of workers, published by Eurostat, shows.

According to the data, the percentage of workers at risk of poverty is lower for women (7.3%) compared to men (9.0%). However, the gender disparities vary significantly across countries.

In 22 out of the 27 EU member states, the percentage is higher for men, with the largest difference observed in Romania, where the gap is 8.1 percentage points in favour of men. In countries like Germany, the percentages are the same for men and women, while in the Czech Republic, Latvia, Cyprus, and Luxembourg, the percentage is higher for women.

Specifically for Cyprus, the overall percentage of workers at risk of poverty is 6.9%, which is below the EU average (8.2%). However, Cyprus is one of the few countries where the percentage is higher for women (7.4%) compared to men (6.4%), with a difference of 1 percentage point.

The highest percentage of workers at risk of poverty is recorded in Luxembourg (13.4%), while the lowest percentage is observed in Finland (2.8%). These figures highlight that poverty does not only affect the unemployed or households with low work intensity, but also a significant percentage of employed individuals.

Weather Temperature for Cyprus

Department of Meteorology

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

Date 03/11/2025

Station

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

Highest

Lowest

Humidity at

1200 UTC

Nicosia (Athalassa)

31 (31.2)

14 (13.8)

13

Larnaka Airport

30 (29.9)

18 (17.6)

42

Limassol (New Port)

30 (30.1)

13 (13.1)

36

Limassol Garden

28,8

15,9

Pafos Airport

28 (28.2)

17 (16.8)

28

Frenaros

29 (28.8)

16 (15.9)

38

Prodromos

23 (22.6)

16 (15.6)

27

Polis Pafos

26 (25.5)

15 (14.9)

52

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

CYPRUS DEPARTMENT OF METEOROLOGY

FORECAST FOR THE SEA AREA OF CYPRUS (C)

FOR THE PERIOD FROM 1800 03/11/2025 UNTIL 1800 04/11/2025

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1017hPa (hectopascal)

Weak high pressure is affecting the area. The weather will be mainly cloudy with medium and high cloud and tonight light rain showers are likely. Tomorrow the weather will be mainly fine.

Visibility: Good

Sea surface temperature: 24°C

Warnings: NIL

AREA PERIOD WIND STATE OF SEA

West Coast

Night Northwest to Northeast 3 Smooth to Slight

Morning Northeast to Southeast 3, gradually Southeast to Southwest 3 to 4 Smooth to Slight

Afternoon Southeast to Southwest 3, at times locally Northwest 3 to 4 Smooth to Slight, at times locally Slight

South Coast

Night Northwest to North 3 Smooth to Slight

Morning Northwest to Northeast 3, gradually Northeast to Southeast 3 to 4 Smooth to Slight

Afternoon Southeast to Southwest 3, at times locally Southwest 3 to 4 Smooth to Slight, at times locally Slight

East Coast

Night Northwest to North 3 Smooth to Slight

Morning Northwest to Northeast 3, gradually Northeast to East 3 to 4 Smooth to Slight

Afternoon Northeast to East 3, at times locally 3 to 4 Smooth to Slight, at times locally Slight

North Coast

Night Southeast to Southwest 3 Smooth to Slight

Morning North to Northeast 3, at times locally 3 to 4 Smooth to Slight

Afternoon Northwest to Northeast 3, at times locally 3 to 4 Smooth to Slight, at times locally Slight

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

CYPRUS DEPARTMENT OF METEOROLOGY

FORECAST FOR THE SEA AREA OF CYPRUS (A)

FOR THE PERIOD FROM 0600 03/11/2025 UNTIL 0600 04/11/2025

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1017hPa (hectopascal)

Weak high pressure is affecting the area. Today, locally increased medium and high cloud coverage will be present, while isolated light rain showers may occur, of which in some cases are not excluded by thunder.

Visibility: Good

Sea surface temperature: 24°C

Warnings: NIL

AREA PERIOD WIND STATE OF SEA

West Coast

Morning Northeast to Southeast 3, gradually Southeast to Southwest Smooth to Slight

Afternoon West to Northwest 3, at times locally 3 to 4 Smooth to Slight

Night Northwest to Northeast 3, at times locally 3 to 4 Smooth to Slight

South Coast

Morning North to Northeast 3, at times locally 3 to 4 Smooth to Slight

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

Night Northwest to North 3 Smooth to Slight

East Coast

Morning North to Northeast 3, at times locally 3 to 4 Smooth to Slight, at times locally Slight

Afternoon Northeast to East 3 to 4 Smooth to Slight, locally Slight

Night Northwest to North 3, at times locally 3 to 4 Smooth to Slight

North Coast

Morning Variable 3, locally Northeast 3 Smooth to Slight

Afternoon Northwest to Northeast 3, at times locally Northeast 3 to 4 Smooth to Slight

Night Northwest to Northeast 3, at times locally 3 to 4 Smooth to Slight

Foreign Minister meets officials from EU, US, UK, Palestine, Bahrain, Indonesia

Cyprus’ Minister of Foreign Affairs, Constantinos Kombos, had the opportunity to meet with officials from various countries, on the sidelines of the International Institute for Strategic Studies (IISS) Manama Dialogue, held in Bahrain.

On Sunday morning, Kombos was one of the main speakers in a panel entitled “Maritime Security as a Regional and Global Responsibility”.

Earlier, in the sidelines of the IISS, Kombos met with EU Special Representative for Sahel, Joao Cravinho, and, had a separate meeting, with EU Special Representative for the Horn of Africa, Annette Weber.

According to his post on X, they discussed EU’s engagement in Sahel and the Horn of Africa respectively, along with issues related to the upcoming Cyprus’ Presidency of the Council of the EU.

On Saturday, Kombos met for the first time with his UK counterpart, Yvette Cooper. He described their meeting as “productive and timely” and said that they focused on further strengthening bilateral relations and cooperation, especially by advancing the Cyprus-UK Strategic Dialogue. They also discussed key regional and global issues.

He also had a meeting with USA Secretary of the Interior, Doug Burgum, who is also Chair of the National Energy Dominance Council. According to Kombos, they discussed the deepening of Cyprus-US strategic partnership, energy cooperation and security in the Eastern Mediterranean, for the promotion of regional stability and prosperity.

In the sidelines of IISS, Cyprus’ Foreign Minister also met with his counterpart from Palestine, Varsen Aghabekian Shahin. Their discussion focused on peace prospects in Gaza and regional developments, EU-Palestine relations and bilateral cooperation. “Cyprus’ upcoming EU Presidency will continue supporting the Palestinian Authority’s reform pathway”, Kombos wrote on X.

In another meeting, the Minister had the pleasure, as he notes, to meet again with Bahrain’s Foreign Minister, Dr. Abdullatif bin Rashid Al Zayani. “We reaffirmed our excellent bilateral ties and strategic partnership, discussed regional developments, and exchanged views ahead of Cyprus’ upcoming Presidency of the Council of EU and Bahrain’s GCC Chairmanship”, he noted.

On Saturday, Constantinos Kombos also had a meeting with the Deputy Minister of Foreign Affairs of Indonesia, Anis Matta. Their discussion focused on prospects for further strengthening bilateral relations, including enhanced political dialogue and cooperation, the upcoming Presidency of the Council of the European Union and EU-Indonesia partnership.