President outlines plans for logistics and storage zones near airports

The Republic of Cyprus is in contact with neighbouring countries to explore cooperation in the logistics sector, President Nikos Christodoulides said on Thursday, announcing that government plans also include the development of dedicated logistics and storage zones near Larnaca and Paphos airports.

Addressing the Cyprus Supply Chain and Operations Awards ceremony, held as part of the 6th Conference and Exhibition of the Cyprus Supply Chain and Operations Organization (KYFEAS), in Nicosia, President Christodoulides said geopolitical developments in the Eastern Mediterranean and the wider region highlighted Cyprus’ potential to strengthen its position as a regional logistics hub.

He said the crisis in Israel following the October 7 terrorist attack, developments in Gaza, to which the Republic of Cyprus responded by establishing the Amalthea Initiative, a humanitarian maritime corridor, and the ongoing crisis in the Gulf countries and the Strait of Hormuz had further underscored the role Cyprus could play in regional supply chains.

“We are already in contact with several neighbouring countries to explore how we can create synergies and respond to these developments,” he said, adding that the objective is to capitalise on two of Cyprus’ main comparative advantages: its geographical location and its excellent political relations with neighbouring countries.

The President stressed that the importance of supply chains for Cyprus extends beyond their economic contribution, as reliable logistics are a necessity for an island nation. He noted that the supply chain and business operations sector is a key pillar of the government’s efforts to strengthen Cyprus’ connectivity with international markets.

In an environment characterised by multiple challenges and uncertainties, he added, the uninterrupted movement of goods and services, together with businesses’ ability to respond quickly and flexibly, is becoming increasingly important. Referring to the government’s plans, President Christodoulides said efforts are underway to establish a modern logistics network integrated with the country’s ports and airports.

“Our plans include, among other things, the development of dedicated logistics and storage zones near Larnaca and Paphos airports,” he said. At the same time, the government is pursuing further improvements to port infrastructure, with the development of Vasiliko Port and the utilisation of Larnaca Port forming part of its broader efforts to upgrade facilities supporting economic and commercial activity.

According to the President, strengthening the logistics sector forms part of the government’s wider strategy to build a more outward-looking and competitive economy, while further positioning Cyprus as a reliable business and trading partner and a regional hub in the Eastern Mediterranean. He also highlighted the importance of innovation, technical expertise and the adoption of modern practices in improving efficiency, containing costs and generating greater added value for businesses and consumers. These capabilities, he noted, also support the government’s efforts to attract foreign investment.

President Christodoulides linked the contribution of the business community to the performance of the Cypriot economy, saying that despite the impact of two wars, the country is recording economic growth exceeding 3.3%. He also noted that public debt, which stood at approximately 70% of GDP when the current government took office, had fallen below 50%, while unemployment had reached levels not seen since 2008, describing the labour market as operating under conditions of full employment.

The President also referred to Cyprus’ return to the ‘A’ credit rating category by international rating agencies, noting that the country had last held such ratings in 2011. He said these achievements also reflected the contribution of Cypriot businesses, whose role the government recognises and values.

President Christodoulides stressed that recognising entrepreneurial initiative, creativity and professional excellence is a key priority of his administration. Behind the sector’s achievements, he said, are professionals, businesses and organisations investing in knowledge, seeking innovative solutions and continuously striving to improve their performance.

Concluding, he reaffirmed the government’s commitment to supporting entrepreneurship and creating a more favourable business environment by reducing bureaucracy and removing obstacles, with the aim of strengthening economic growth, international competitiveness and outward-looking business activity.

A strong economy, he added, enables the state to invest in other areas where it has a leading role to play.

PRESS RELEASE – ?UROPEAN COMMISSION

Released on the occasion of the World Ecolabel Day, the latest Eurobarometer survey shows an increased trust and recognition for the EU Ecolabel among European consumers who are increasingly looking for sustainable products.

According to this survey, 81% of European consumers are confident that EU Ecolabel products have a lower environmental impact than similar products on the market, compared to 75% in 2023. Nearly half of Europeans (46%) now recognise its ‘flower’ logo – an increase of 8 percentage points since 2023.

Increased recognition is translating into more sustainable purchasing habits. Almost two Europeans out of three (66%) say they often or sometimes buy any kind of eco-labelled products, with 46% saying they often or sometimes buy products carrying the EU Ecolabel – also up 8 percentage points since the 2023 survey.

In parallel, according to the latest EU Ecolabel statistics published today, a growing number of businesses are obtaining the label for their products, ranging from paper and detergents to furniture, textiles and hotel stays. And the choice of EU Ecolabel products on the market has never been bigger. As of September 2026, there were 121,083 EU Ecolabel products covered by 3,665 licences. More than 4,000 certified products have been added since March 2026, and over 1,000 tourist accommodations have now received the EU Ecolabel. With 62% of licence holders, small and medium-sized enterprises play a central role in the EU Ecolabel.

As the Eurobarometer survey highlights, consumers would like to see the label more widely available, with 50% saying they would like to find more EU Ecolabel detergents on the market, followed by textiles (36%) and cosmetics (35%). 72% would like the label extended to additional product categories.

This call from consumers for an even wider choice of EU Ecolabel products is an opportunity for businesses and retailers to strengthen their competitiveness, while leading the way in sustainability. The EU Ecolabel offers a trusted and practical way to respond to that growing demand and to help consumers identify greener options more easily. The EU Ecolabel also creates opportunities in public procurement. The recently proposed EU Public Procurement Act encourages public buyers to use labels, particularly the EU Ecolabel, to support the integration of environmental considerations into procurement procedures. This would make it easier for public buyers to identify products that meet credible environmental requirements.

Background

Eurobarometer is the polling instrument used by the European Commission, the European Parliament and other EU institutions and agencies to monitor regularly the state of public opinion in Europe on issues related to the European Union as well as attitudes on subjects of political or social nature. It provides quality and relevant data for experts in public opinion, researchers, media and the public.

The Flash survey was carried out between 31 August and 6 September 2026 in the 27 EU Member States. Around 25,566 people from different social and demographic groups were interviewed face-to-face in their national language. This Eurobarometer builds on previous editions from 2023 and 2017, allowing for comparison over time and helping track changes in public attitudes.

Since 1992, the EU Ecolabel has promoted goods and services with a guaranteed reduced environmental impact throughout their entire life cycle. It helps consumers, retailers, businesses and procurers to make truly sustainable choices.

Businesses from across the globe can apply for the EU Ecolabel for their product (good or service), provided it falls within one of the product groups for which EU Ecolabel criteria have been set, meets the relevant criteria, and is placed on the European Economic Area market – comprising the European Union, Liechtenstein, Norway, and Iceland.

Applications must be submitted to one EU Ecolabel Competent Body, which, following successful application, grants an EU Ecolabel licence permitting the use of the EU Ecolabel logo on the certified product. The product is displayed in the EU Ecolabel Product Catalogue (ECAT) or in the EU Ecolabel Tourist Accommodation Catalogue.

For more information

EU Ecolabel – European Commission

Eurobarometer 2026 on EU Ecolabel

EU Ecolabel facts and figures

Quote(s)

The EU Ecolabel is about making the clean transition work in practice, giving consumers more reliable sustainable choices while helping European businesses turn environmental ambition into action. The strong momentum behind the label shows the value of this trusted EU scheme that drives sustainability, strengthens competitiveness and supports innovation across Europe.

Jessika Roswall, Commissioner for Environment, Water Resilience and a Competitive Circular Economy

(For more information: Anna-Kaisa Itkonen – Tel.: +32 2 295 75 01; Maëlys Dreux – Tel.: +32 2 295 46 73)

Simpler rules for farmers with new EU emissions framework for poultry and pig rearing

Today, the European Commission adopted new rules for the rearing of poultry and pigs under the Industrial and Livestock Rearing Emissions Directive. This single EU-wide rulebook establishes how large pig and poultry farms must operate to reduce emissions of ammonia, nitrogen and phosphorus. These are pollutants which are linked to respiratory diseases, nature degradation, and water contamination.

Developed in close collaboration with Member States, livestock farmers, experts and environmental NGOs, this framework sets common minimum environmental standards for large poultry and pig farms across the EU, while providing flexibility, minimising administrative burden for farmers and enabling sustainable innovation. Cost-efficient approaches have been prioritised to keep the implementation cost at reasonable level for farms in scope. The new rules will apply at farm level between 2030 and 2032, depending on the farm size, giving farmers time to adapt. They are also compatible with the Commission’s proposal from December 2025 to simplify rules on industrial emissions and will be amended if the final text requires to do so.

The revised Industrial Emissions and Livestock Rearing Directive covers the largest pig and poultry farms in the EU, which amounts to around 30% of such farms. The Directive implementation is key in helping to reduce nitrogen pollution in the air, water and soil.

You can find more information on the new EU emissions framework for poultry and pig rearing online.

(For more information: Anna-Kaisa Itkonen – Tel.: +32 2 295 75 01; Maëlys Dreux – Tel.: +32 2 295 46 73)

Commission grants pound 134.8 million in EU solidarity funding to Spain and Romania after wildfires and floods

The European Commission decided today to grant pound 134.8 million from the European Union Solidarity Fund (EUSF) to support recovery in Spain and Romania following major natural disasters in 2025.

Spain will receive pound 120.5 million following a devastating summer marked by prolonged drought, extreme heatwaves and three waves of major wildfires. The deadliest wave began on 8 August 2025, claiming eight lives and forcing mass evacuations.

Romania will receive pound 14.3 million after severe flooding struck the Centru, Sud Muntenia and Nord-Est regions between late May and early June 2025. The disaster also caused major damage to the Praid Salt Mine, where floodwaters from the Corund River eroded part of the riverbed, damaged hydrotechnical infrastructure and triggered widespread power outages.

The EU funding will help the affected regions cover part of the costs of emergency operations and recovery.

The two Member States applied for support from the EUSF in 2025. Today’s decisions follow the approval of the Commission’s EUSF mobilisation proposal by the European Parliament and the Council of the European Union.

Spain received an advance payment of pound 30.1 million in May 2026, with the remaining pound 90.4 million to be paid shortly. Romania’s pound 14.3 million payment will also be made shortly.

Since its creation in 2002, the EU Solidarity Fund has provided more than pound 11 billion in support for 150 disasters, including 130 natural disasters and 20 health emergencies, in 25 Member States (plus the United Kingdom) and six accession countries.

(For more information: Maciej Berestecki – Tel: +32 229-66483; Isabel Arriaga e Cunha – Tel: +32 229-52117)

The EU budget continues delivering for Europe in 2025

Today, the Court of Auditors (ECA) published its Annual Report, giving the EU’s annual accounts a clean bill of health for the 19th consecutive year. The ECA confirmed that the collection of EU revenues was free from material error.

Significant milestones for the EU Budget in 2025

In a context of geopolitical uncertainty, stronger global competition and ongoing conflicts, including the continuing Russian war of aggression against Ukraine, the EU budget remained a key tool for delivering on the Union’s priorities.

In 2025, the EU budget continued to play a central role in Europe’s support for Ukraine. By the end of last year, the EU and its Member States had made available more than pound 193.3 billion in support since the start of the war, out of which pound 88.3 billion was enabled by the EU budget. This support covered humanitarian assistance, crisis response, macro-financial assistance, budget support and early recovery and reconstruction.

The EU’s competitiveness was also supported by the EU budget in 2025 with investments in strategic sectors, cross-border infrastructure, research and innovation, to the tune of pound 12.9 billion in 2025 for research and innovation. Between 2021 and 2025, the programme had generated more than 22 500 peer-reviewed scientific publications, involved over 130 000 researchers in upskilling activities and contributed to more than 10 000 innovative products and intellectual property applications. The programme also supported over 10 000 SMEs and start-ups, including in areas such as artificial intelligence and advanced materials in the same period. In parallel, the mobilised pound 58 billion in investment, with pound 11.7 billion in grants committed to projects focused on decarbonisation, battery manufacturing and renewable hydrogen.

NextGenerationEU continued to support economic recovery through Member State reforms and investments under the Recovery and Resilience Facility. In 2025, the Commission assessed 34 payment requests amounting to pound 87.3 billion. Across the EU, the facility has made a real difference to the lives of individuals by supporting ambitious investment agendas in key areas such as the green and digital transitions, healthcare, education and training, and support for businesses.

The budget also kept supporting citizens and regions across Europe. In 2025, Member States and regions allocated pound 3.3 billion in cohesion policy funding to affordable and sustainable housing, and pound 14.5 billion to climate adaptation and disaster risk management and pound 3.1 billion to water resilience. Between 2021 and 2025, the EU budget has supported an additional 1 434 megawatt of renewable energy capacity, broadband access for more than 335 000 dwellings, and over 1 000 kilometres of new, upgraded or modernised roads all over Europe.

At the same time, in 2025, the Common Agricultural Policy continued to support rural livelihoods and productivity and promote vibrant rural economies with pound 53.2 billion in payments in 2025, reaching 5.5 million farmers.

On security and defence, the EU budget helped strengthen Europe’s capabilities and industrial base. In 2025, 63 projects were launched with over pound 1 billion in EU funding, with SMEs accounting for 38% of beneficiaries. The European Defence Fund awarded around pound 1 billion to collaborative defence research, development and innovation, including more than pound 140 million specifically for SMEs developing and testing breakthrough technologies. The ReArm Europe plan, adopted in 2025, could until 2030 unlock up to pound 650 billion in fiscal space through a 1.5% GDP increase in defence budgets and includes up to pound 150 billion in loans to address urgent defence investment needs and capability gaps.

In humanitarian action, the EU provided around pound 2.6 billion in 2025 through the Humanitarian Aid Programme. It supported people affected by natural hazards, conflict, displacement, food insecurity, extreme poverty, human rights violations and gender-based violence. A particular priority was Palestine, for which pound 220 million was committed to support services for Palestinian people, support the recovery and stabilisation of the West Bank and Gaza, and support for the private sector in Palestine.

The EU budget continued to deliver clear EU added value through support to cross-cutting priorities. In 2025, almost pound 64 billion (33%) supported climate objectives and over pound 15 billion (7.8%) biodiversity meeting the targets of 30% and 7.5% respectively, as well as over pound 19 billion digital priorities and almost pound 38 billion gender equality.

Strong controls protect the EU Budget

The Commission notes the ECA’s adverse opinion on the regularity of spending under the multiannual financial framework. The ECA’s estimated error rate is 3.8%, comparable to the one of last year at 3.6% and significantly lower than in 2023 (5.6%) and in 2022 (4.2%).

An error does not automatically mean fraud or waste. Most errors and irregularities are non-fraudulent in nature, and the projects concerned continue to deliver positive results in line with the EU’s policy objectives.

The Commission and the ECA play complementary roles in safeguarding the transparent and accountable use of EU funds. However, their estimates of the error rate are not directly comparable due to their distinct mandates.

To protect the budget, the Commission works with those who implement the EU budget on the ground. The Commission relies on extensive controls by Member States and other implementing partners, in addition to its own controls and audits. The Commission also raises awareness of the funding rules by directly addressing beneficiaries of EU funding through campaigns, workshops and other outreach activities.

For cost-based programmes, the Commission estimates that it achieved again its target of keeping the final level of error (i.e. risk at closure), after all ex-post controls and performance of corrections, below 2%.

For performance-based programmes, the Commission calculates the share of expenditure that is at low, medium and high risk, and reports transparently on it, stemming from the assessment of the proper functioning of national governance systems for the 2023-2027 common agricultural policy, and on the achievement of milestones and targets for expenditure related to Moldova, Ukraine and Western Balkans facilities. Overall, the Commission concluded that budget under these performance-based programmes is well protected.

In 2025, as a result of their controls and audits, the Commission and Member States implemented preventive and corrective measures worth pound 9 billion, including interruptions and suspensions of payments and financial corrections.

The Commission also considers that expenditure under the Recovery and Resilience Facility carries a low level of risk. The Commission obtains reasonable assurance on the satisfactory fulfilment of milestones and targets based on comprehensive ex-ante controls before payments are made (including analysing detailed documentation and, where needed, live checks of systems and on the spot visits), as well as ex-post audit work. If the milestones and targets are assessed by the Commission as not satisfactorily fulfilled, the Commission does not pay all or part of the financial contribution to that Member State.

Ensuring the reliability of accounts and further mitigating risks

The 2025 accounts were for the first time prepared in the EU’s next-generation financial system, SUMMA, which aims to modernise, harmonise and standardise the EU’s financial business processes. SUMMA features systematic and rigorous controls implemented to ensure that financial information is used accurately, reflects the underlying transactions and is fully consistent with the applicable accounting rules.

To ensure the well-functioning of the EU’s anti-fraud system and good cooperation with other key EU institutions involved in the fight against fraud, the Commission has launched a review of the EU’s anti-fraud architecture in July 2025. The results of this review will be presented at the end of 2026.

Background

The publication of the Annual Report of the ECA and the presentation of the Integrated Financial and Accountability Reporting (IFAR) package to the European Parliament kick off the annual ‘discharge procedure’, taking stock of the financial management and achievements of the EU budget in 2025. The IFAR package includes five reports from the Commission that offer a comprehensive look at how the EU budget was used.

For more information

Integrated Financial and Accountability Reporting 2025

Annual management and performance report 2025

Official website of the European Court of Auditors

A resilient EU budget supporting Europe’s priorities in 2024

Commission fines Kingspan pound 40 million for providing incorrect and misleading information during merger investigation

The European Commission has fined Kingspan pound 40 million for providing incorrect and misleading information during the 2021 Commission review of Kingspan’s planned acquisition of Trimo, under the EU Merger Regulation (‘EUMR’).

In November 2022, the Commission opened an investigation to determine whether Kingspan intentionally or negligently supplied incorrect and/or misleading information during the review of Kingspan’s planned acquisition of Trimo.

On 19 March 2024, the Commission sent Kingspan a Statement of Objections (‘SO’) setting out its preliminary view that the company had infringed the EUMR in six instances by providing incorrect and/or misleading information. This information covered key aspects for the Commission’s review of the transaction.

In today’s decision, the Commission concludes that Kingspan committed four distinct infringements of the EUMR through conduct by which it, at least negligently, provided: (i) misleading information about how Kingspan tracks penetration rates for mineral fibre sandwich panels; (ii) incorrect and/or misleading information about the availability of ‘bidding data’; (iii) incorrect information about the role of Kingspan’s board members in certain matters; and (iv) incorrect and/or misleading information with respect to Kingspan’s research and development (‘R and D’) for mineral fibre sandwich panels. The above incorrect and/or misleading information was provided either in the merger notification form or in replies to requests for information under Article 11(2) and Article 11(3) of the EUMR.

Based on these factors, the Commission has fined Kingspan pound 10 million for each infringement, for a total of pound 40 million. The Commission considers that the overall fine amount is both deterrent and proportionate.

Executive Vice-President for a Clean, Just and Competitive Transition, Teresa Ribera, said: “The accuracy of the information provided in the context of merger investigations is key for an effective and well-functioning merger control system that allows the Commission to take the decision on a sound basis. When companies withhold or distort the truth, they undermine a system that protects fair competition for everyone. There can be no compromise on disclosure and transparency. If they fail to do so, we do and will act firmly.”

A press release is available online.

(For more information: Ricardo Cardoso – Tel.: +32 2 298 01 00; Sara Simonini – Tel.: +32 2 298 33 67)

Commission approves pound 8 million Maltese State aid for maritime transport companies facing increased fuel prices

The European Commission has approved an pound 8 million Maltese State aid scheme to support companies providing scheduled maritime transport of persons and cargo by high-speed craft between Malta and Sicily and that are facing increased fuel prices due to the Middle East crisis. The scheme was approved under the Middle East Crisis Temporary State Aid Framework (METSAF) adopted by the Commission on 29 April 2026.

The scheme aims to mitigate the impact of the increase in fuel prices resulting from the Middle East crisis. Compared to January 2026, marine fuel prices in Malta increased by approximately 86% in March 2026. The aid will take the form of direct grants covering up to maximum 70% of these extra-costs. The scheme, based on real consumption as declared by the beneficiaries and verified by the competent authority, covers eligible costs for the period from 1 March to 31 December 2026. While the aid may be granted until 31 December 2026, the corresponding payments are to be made by 31 March 2027 at the latest.

The Commission assessed the scheme under EU State aid rules, in particular Article 107(3)(c) of the Treaty on the Functioning of the EU, which enables Member States to support the development of certain economic activities subject to certain conditions, as well as Sections 1 and 2.3 of the METSAF. The Commission found that the scheme is in line with the conditions set out in the METSAF. In particular, aid will be granted based on a scheme with a clear estimated budget and will be provided to temporarily support the development of companies active in the intra-EU short sea shipping services. The Commission concluded that the scheme is necessary, appropriate and proportionate to facilitate the development of an economic activity and does not adversely affect trading conditions to an extent contrary to the common interest. On this basis, the Commission approved the Maltese scheme under EU State aid rules.

More information on the METSAF can be found online. The non-confidential version of the decision will be made available under the number SA.124627 in the State aid register on the Commission’s competition website once any confidentiality issues have been resolved.

(For more information: Ricardo Cardoso – Tel.: +32 2 298 01 00; Sara Simonini – Tel.: +32 2 298 33 67)

Executive Vice-President Séjourné inaugurates decarbonised chemicals plant and convenes second General Assembly of the Critical Chemicals Alliance

Today, Executive Vice-President Stéphane Séjourné inaugurates ‘Carat’, a pound 150 million investment in decarbonisation at Arkema’s Carling site in France. The project is partly funded by the French State as part of the France 2030 programme and by the European Union under NextGenerationEU. It will deploy a newly patented purification technology that cuts CO2 emissions by 20% and improves energy efficiency by 25%, while reducing solvent use and optimising resource and waste management.

The project is located at the 600-hectare CHEMESIS industrial hub, which brings together major industrial companies including Arkema, TotalEnergies, Trinseo, SNF, Air Liquide and GazelEnergie alongside EU-funded biorefinery AFYREN NEOXY, which produces chemicals from bio-based feedstocks. This project demonstrates how innovation, targeted investment, and industrial cooperation can support the transformation and long-term competitiveness of Europe’s chemicals industry.

Executive Vice-President Séjourné also convenes today the second General Assembly of the Critical Chemicals Alliance, in Creutzwald, France. The meeting brings together more than 200 representatives from Member States, regions, industry, civil society, and academia. Set up in January, the Alliance’s work focuses on four priorities: identify critical molecules and critical production sites and discuss possible policy support.

The Commission will assess the recommendations adopted by the Alliance before deciding on what actions to propose. On 20 October, it will launch a dialogue with industrial sectors, including the chemical industry, to discuss the implementation of the EU ETS Investment Booster, which as the first phase of the Industrial Decarbonisation Bank will provide an estimated pound 30 billion of support for 2028-2030 (through 400 million ETS allowances) to early decarbonisation investments and mature industrial transformation solutions.

The Alliance’s deliverables are available on the Critical Chemicals Alliance website.

(For more information: Siobhan McGarry – Tel.: +32 2 296 47 98; Rya Perincek – Tel.: +32 2 299 49 03)

Commissioner Kos attends inauguration of key railway project on the border between Trkiye and Bulgaria, boosting EU connectivity

Tomorrow, Commissioner for Enlargement, Marta Kos, will visit Edirne, Trkiye to attend the inauguration of the Çerkezköy-Kapikule section of the Halkali-Kapikule railway, a key transport link connecting Istanbul and the Bulgarian border. This project, which received pound 275 million of EU grant financing under the Instrument for Pre-Accession (IPA II), is a first deliverable of the EU’s cross-regional Connectivity Agenda that connects Central Asia to Europe via the South Caucasus.

The new high-speed railway connection will significantly improve connectivity between Trkiye and the European Union and will contribute to reducing transit times along the Middle Corridor, linking Europe via Trkiye with the South Caucasus and Central Asia. The inauguration, which will be attended by Turkish President Recep Tayyip Erdogan, marks the ongoing connection between the EU and Trkiye. Prior to the event, Commissioner Kos will meet the Turkish Minister of Transport and Infrastructure, Abdulkadir Uraloglu.

Connectivity remains a priority for the Commission, and the inauguration follows Commissioner Kos’s attendance at the International Conference on Corridor VII today in Sofia, Bulgaria. At the conference she participated in a panel discussion on the geopolitical context of Corridor VIII, chaired by the Bulgarian Minister of Foreign Affairs, Velislava Petrova-Chamova.

The Halkali-Kapikule railway is the largest infrastructure project to date in EU-Trkiye cooperation, having received pound 275 million of EU grant financing under the Instrument for Pre-Accession (IPA II). The objective of the EU’s cross-regional Connectivity Agenda is to strengthen transport, energy and digital links between the European Union and Central Asia through the South Caucasus and the Black Sea region by coordinating strategic investments and regulatory cooperation.

(For more information: Guillaume Mercier – Tel.: +32 2 298 05 64; Bridget Moylan – Tel.: +32 2 298 28 44)

Commissioners Síkela and Lahbib visit Dublin to discuss international development and the importance of EU solidarity

Today and tomorrow, Commissioner for International Partnerships Jozef Síkela and Commissioner for Crisis Management Hadja Lahbib will be in Dublin, Ireland, to participate in the informal ministerial Council on Development under the Irish Presidency of the EU that will be dedicated to discuss the future of development. They will also meet with representatives of partner countries, the Irish government and address the national parliament.

Today, Commissioner Lahbib is meeting with the Irish Taoiseach Micheál Martin to discuss how the EU is leading the way on international development and EU humanitarian action, as well as the EU’s and Ireland’s overall preparedness. Ireland is a strong partner on humanitarian aid, consistently supporting needs-based, principled EU action, and has a long-standing record of commitment to multilateralism and to the most vulnerable. The Commissioner will also address the EU Affairs Committee of the Oireachtas, the Irish Parliament, and meet with civil society organisation Sanctuary Runners, which works to build solidarity through sport activities, with a focus on asylum seekers and refugees.

Later in the afternoon, Commissioner Lahbib will hold bilateral meetings with the Irish Ministers of State for International Development and the Diaspora, Neale Richmond, and for European Affairs and Defence and British Development Minister Kirsty McNeill, with whom she will discuss the challenges facing development globally, and common ways to deliver help and defend the dignity of those in need.

On Friday, the informal Council will focus on the unprecedented challenges facing development cooperation and the importance of building strong and mutually beneficial partnerships globally. Following the meeting, Commissioner Síkela and Commissioner Lahbib will participate in the press conference, which will be broadcast on EBS. On the margins of the informal Council, Commissioner Síkela will meet with Åsmund Grøver Aukrust, Norwegian Minister for Development, and Commissioner Lahbib will meet with Thomas Byrne, Irish Minister for European Affairs and Defence.

(For more information: Eva Hrncirova – Tel.: +32 2 298 84 33; Anna Gray – Tel.: +32 2 298 08 73)

Italy-Cyprus chart a shared course for the blue economy with a Business Forum hosted in Limassol

The DP World Terminal in Limassol will host on October 9 the Italy-Cyprus Maritime Business Forum. Promoted by the Embassy of Italy in Nicosia, the Forum will bring together key players from the maritime and shipping sectors of both countries, with the aim of creating new opportunities for business cooperation. The Forum will focus on trade relations in two sectors of key importance to both economies and of particular relevance in today’s regional geopolitical context: shipping and maritime services.

A press release issued by the Italian Embassy said that the Forum is organised in cooperation with ICE – Italian Trade Agency, the Italian-Cypriot Chamber of Commerce, the Cyprus Chamber of Commerce and Industry (CCCI), the Cyprus Shipping Chamber, Invest Cyprus, the Limassol Chamber of Commerce and Industry and the Cyprus-Italy Business Association, with the support of DP World. It is held under the auspices of the Shipping Deputy Ministry to the President of the Republic of Cyprus and with the support of the Mayor of Limassol, Yiannis Armeftis.

As noted, the maritime sector alone accounts for around 7% of Cyprus’ GDP, rising to approximately 25% when the wider blue economy – from coastal tourism to fisheries and aquaculture – is taken into account. Italy’s figures are equally striking and reflect its long-standing expertise in shipbuilding, insurance and logistics: the country ranks first in the world for its trade surplus in shipbuilding, with exports exceeding pound 5 billion in 2025, and is the global leader in superyachts, accounting for 56% of worldwide orders by volume and 36% by value.

According to the press release, the Forum is built on the conviction that cooperation between Italy and Cyprus in the blue economy should grow on two fronts. On the business front, the goal, according to CCCI, is to strengthen ties between the two business communities by connecting shipowners, ship managers, shipyards, port operators, insurers and service providers. On the strategic front, the aim is threefold: to support the development of sustainable ports that are increasingly integrated with their cities, within a European framework and in line with EU green transition rules; to promote best practices and high compliance standards in fleet management, harnessing the most suitable technologies to remain competitive; and to foster international cooperation along strategic maritime corridors, starting with IMEC, in order to attract new investment in ports and terminals.

Alongside the sessions, the Forum will provide networking opportunities designed to encourage direct dialogue and to build new partnerships and synergies between businesses and institutions from both countries. In addition to the Shipping Deputy Minister, Marina Hadjimanolis, and the Mayor of Limassol, Yiannis Armeftis, participants will include the European Commissioner for Fisheries and Oceans, Costas Kadis, who will address the Forum by video message, Vittorio Torbianelli, Head of International Relations at the Port System Authority of the Eastern Adriatic Sea, and Rona Panteli, IMEC Representative and Head of the Connectivity Unit at the Cyprus Ministry of Foreign Affairs. Representatives of leading Italian and Cypriot industry associations and of companies from both countries active in shipping and maritime services will also take part.

‘The sea has always connected Italy and Cyprus, and today it can become the engine of an even more ambitious economic partnership,’ said the Ambassador of Italy to Cyprus, Antonella Cavallari. ‘Cyprus is one of the world’s great international shipping hubs, while Italy is a global benchmark in shipbuilding, logistics and green technologies. With this Forum, we want to turn this complementarity into concrete projects: new partnerships between companies, between ports and between port cities, looking ahead to the great trade routes of the future, such as the IMEC corridor. I would like to thank all our Italian and Cypriot partners who have made this initiative possible,” she noted.

Government hopes for meaningful discussions at Tuesday’s leaders’ meeting, Spokesperson says

The government hopes that Tuesday’s meeting between Cyprus President Nikos Christodoulides and Turkish Cypriot leader Tufan Erhurman will lead to tangible progress towards the resumption of Cyprus talks, Government Spokesperson Konstantinos Letymbiotis said, calling on the Turkish Cypriot side to contribute constructively to the UN Secretary-General’s efforts.

Speaking to journalists after President Christodoulides briefed representatives of EDEK, DEPA and the Greens on the Cyprus issue, Letymbiotis said the government had yet to receive a response from Erhurman to the President’s 19-point proposal.

He expressed hope that the October 13 meeting would provide an opportunity for a thorough discussion of the proposals and the next steps in the process.

‘We all want to see further steps and make the most of the time remaining before the end of the UN Secretary-General’s current term,’ he said, stressing the need for tangible progress.

Letymbiotis said the Greek Cypriot side had accepted all the points agreed at the two previous expanded meetings on Cyprus, as well as the compromise proposal put forward by the UN Secretary-General. President Christodoulides had submitted his 19 proposals to help move the process forward, he added.

Asked whether the proposals included the port of Famagusta and the fenced-off area of Varosha, Letymbiotis declined to confirm or deny this, noting that none of the 19 points had been made public.

He said the proposals addressed confidence-building measures, the methodology for taking the process forward and substantive issues, reflecting the three pillars identified by the UN Secretary-General.

The Spokesperson said the government had received no indication that Erhurman had rejected the proposals, adding that rejecting them without discussion would not help move the process forward.

He stressed that President Christodoulides remained open to discussing proposals from the Turkish Cypriot side, as he had done in the past.

Letymbiotis expressed hope for a frank and productive discussion on Tuesday, recalling that the leaders’ previous meeting on September 19 had taken place in a similar atmosphere.

He also reiterated the government’s view that a joint meeting with the UN Secretary-General would be particularly helpful in advancing the process.

EU letter concerning cancelled events in occupied areas

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Asked about Erhurman’s statement that he had received a response from the EU concerning the cancellation of festivals and a football camp in the Turkish-occupied areas of Cyprus, Letymbiotis stressed the EU’s important role both in efforts to resolve the Cyprus issue and after a settlement.

He declined to comment on Erhurman’s social media post, pointing out that the full text of the EU letter had not been made public.

Letymbiotis said the Republic of Cyprus, as a sovereign state, was exercising its rights to protect its interests in the context of the island’s continuing division and occupation.

Asked about remarks by Turkish Defence Minister Yasar Guler, who had also criticised the Greek Cypriot side over the cancellation of events in the occupied areas, Letymbiotis referred to the President’s 19-point proposal as an effort to create the conditions identified by the UN Secretary-General as a priority.

He said the Greek Cypriot side had acted responsibly over the past 52 years and had shown a constructive attitude and support for Turkish Cypriots, particularly over the past three and a half years.

Letymbiotis described Turkey’s criticism as contradictory, pointing to the continued occupation of 37% of Cyprus’ territory and Ankara’s refusal to recognise the Republic of Cyprus, an EU member state.

He stressed that these issues could ultimately be resolved through a comprehensive settlement of the Cyprus issue.

Asked whether the government would seek a copy of the EU letter or send its own correspondence to Brussels, Letymbiotis said the EU was kept regularly informed, including through weekly briefings, of developments on the Cyprus issue.

He also referred to a meeting between President Christodoulides and European Commission President Ursula von der Leyen the previous day.

Letymbiotis stressed that the Republic of Cyprus was an integral part of the EU, adding that its actions, positions and policies were also those of the Union.

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

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

CYPRUS DEPARTMENT OF METEOROLOGY

FORECAST FOR THE SEA AREA OF CYPRUS (A)

FOR THE PERIOD FROM 0600 08/10/2026 UNTIL 0600 09/10/2026

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1019hPa (hectopascal)

Weak high pressure starts affecting the area. The weather will be mainly fine, but locally increased cloud coverage will be present at times.

Visibility: Good

Sea surface temperature: 26°C

Warnings: NIL

AREA PERIOD WIND STATE OF SEA

West Coast

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

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

Night Northwest to Northeast 3 to 4, locally at first West to Northwest 4 Smooth to Slight, locally at first Slight

South Coast

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

Afternoon Southeast to Southwest 3 to 4, locally North to Northeast Smooth to Slight

Night Northwest to North 3 to 4 Smooth to Slight

East Coast

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

Afternoon North to Northeast 3 to 4 Smooth to Slight, at times Slight

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

North Coast

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

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

Night Northwest to North 3, locally near the coast Southeast to Southwest Smooth to Slight

Cyprus Stock Exchange

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

MEETING DATE: 08/10/2026

INDICES BASE VALUES: FTSEMed=5000, OTHERS = 1000

EURO (pound )

TRADED VALUE 450,972.05

INDEX

VALUE

%DIFF.

VALUE

FTSE/CySE 20

179.350

-2.790

450,593.850

MAIN MARKET INDEX

236.750

-3.450

363,201.920

INVESTMENT COMPANIES MARKET INDEX

2,620.190

-1.800

85,141.760

CSE GENERAL INDEX

305.300

-2.770

450,972.050

HOTELS INDEX

2,006.070

0.000

0.000

ALTERNATIVE MARKET INDEX

2,122.290

-0.330

87,770.130

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

Cyprus reaffirms unwavering support to UN Convention on the Law of the Sea

The international community must translate its commitments into measurable results in order to accelerate implementation of the Sustainable Development Goals, Cyprus’ Permanent Representative to the United Nations, Ambassador Maria Michael, stressed on October 6, in a statement before the UN General Assembly’s Second Committee. She reaffirmed Nicosia’s unwavering support to the United Nations Convention on the Law of the Sea.

Cyprus aligned itself with the statement delivered by the European Union and, in its national capacity, stressed that ‘as the 2030 Agenda is entering its most consequential phase, the question before us is no longer whether our commitments are adequate, but whether we can translate them into measurable results.’

‘While conflict, inequality and the triple planetary crisis are eroding development gains, the most vulnerable are placed under increasing pressure,’ Cyprus said. Responding quickly and effectively, it added, requires ‘renewed commitment in multilateral cooperation and in financing models capable of delivering at scale,’ also in line with the implementation of the Sevilla Commitment.

Particular attention was given to intensifying climate pressures. ‘The Mediterranean, a climate change hotspot, is a case in point in this respect,’ Michael said, noting that ‘prolonged heatwaves, droughts, increasing and extensive wildfires have become the new reality for this part of the world.’

Against this backdrop, she highlighted the establishment of an EU co-funded regional hub in Cyprus, CRAFS, ‘to boost aerial firefighting capacity, disaster response, and civil protection across the southern Mediterranean and the Middle East.’

‘As an island state, Cyprus attaches particular importance to SDG14 and the conservation and sustainable use of oceans and marine resources,’ the statement said.

‘We reaffirm our unwavering support for the United Nations Convention on the Law of the Sea, which provides the legal framework for all activities in the oceans and seas,’ Michael stressed, also highlighting ‘the universal and unified character of the Convention.’

‘Its provisions reflect customary international law and are thus binding on all states irrespective of whether they have acceded to the Convention or not,’ the statement added.

Ambassador Michael also highlighted the continued development cooperation and provision of humanitarian assistance through CyprusAid, ‘supporting schools, hospitals, community health facilities, capacity building and an expanding scholarship programme directed particularly towards countries of the Global South, with special emphasis on neighboring countries, Africa and Small Island Developing States.’

Cyprus further described its term in the United Nations Human Rights Council as ‘a chance to support the global development agenda’ by promoting ‘equal access to education, healthcare and economic opportunity, especially for women, young people and marginalized groups, as central elements to achieving sustainable development.’

‘The path to 2030 will depend on whether we can strengthen resilience, protect natural resources and build partnerships that accelerate implementation,’ she said.

‘The time remaining is short. Our collective effort must now be defined by implementation, cooperation and results that make a measurable difference,’ she concluded.

Rubio’s messages during Greece visit are important, Spokesman says

Government Spokesman Konstantinos Letymbiotis has said that US Secretary of State Marco Rubio’s visit to Athens was undoubtedly a very important one that sent strong messages, and is part of US-Greece bilateral relations, within the framework of the 6th strategic dialogue.

Regarding Rubio’s contacts in Greece on Wednesday, Letymbiotis said that there were strong references and that the messages sent were clear, “as regards the importance of the Cyprus – Greece – Israel electrical interconnection and the importance that (the US) attaches more broadly to the energy role that our region, the Eastern Mediterranean, Cyprus and Greece in this case, can play.”

Letymbiotis was replying to journalists’ questions after a meeting President of the Republic of Cyprus, Nikos Christodoulides, held with the party leaders of the Democratic Alignment (DEPA), of EDEK Socialist Party, and the Vice-Presidents of the Cyprus Greens – Citizens’ Cooperation, whom he briefed on the developments regarding the Cyprus problem.

The Spokesman noted Rubio’s reference to the importance of diplomacy and the importance of the GSI electrical interconnection project. The US, he said, is an important partner with which the Republic of Cyprus has intensified contacts in recent years and at the same time one of the five Permanent Members of the UN Security Council. The US position on the Cyprus issue is a firm one, he noted and referred to the recent message of the US Secretary of State on the occasion of Cyprus’ Independece Day.

Asked whether the government will be informed, Letymbiotis said that President Christodoulides may have contact with the Greek Prime Minister on Thursday and recalled that next week there is a scheduled European Council Summit where the two leaders will take part, as well as an EU Ministerial Meeting where the two Foreign Ministers will meet.

Invited to say whether the government of Cyprus had requested anything to be conveyed to the US Foreign Secretary in relation to the Cyprus issue and energy, Letymbiotis said that the Cyprus issue is always at the top of the agenda and that the policy between Athens and Nicosia is completely aligned on this. US support and the strengthening of efforts on the Cyprus issue are of great importance, he pointed out.

Regarding energy, he referred to the recent 3+1 Summit in Houston, with the participation of the Ministers of Energy of Cyprus, Greece, Israel and the US, as well as the presence of American giants in the Cyprus Exclusive Economic Zone, but also to projects of common interest such as the Cyprus-Greece electricity interconnection.

Invited to comment on reports in Greek media, on the occasion of yesterday’s meeting of the leaders of Cyprus, Greece and France, regarding a French formula for informing Turkey about the GSI, the Spokesperson said that the Republic of Cyprus is a party to the plans that are before the French and Greek Governments and the implementing body.

“Always with respect for our sovereign rights. And this is something that was not even put up for negotiation” he said, adding that plans move forward as scheduled.

Asked if Turkey will be informed, he said that he can not comment on reports. The planning, he said, will proceed in accordance with international law, the law of the sea and with respect for the sovereignty of states.

Meanwhile, invited to comment on Turkey’s new Navtex for vessel Oruc Reis, the Government Spokesman said that Turkey disregards international law, adding that international law is what sets the boundaries not only in the Eastern Mediterranean, but in the entire world. “Based on this, we will continue to move forward and claim the obvious”, he continued.

Letymbiotis said that Cyprus, in the midst of a region full of challenges, has proven many times especially in the last three years, its role of stability, “a role that we can play with all neighboring states in the region except Turkey due to its protracted actions and provocative actions.”

Cyprus’ policies on women’s empowerment presented by Gender Equality Commissioner in Belgrade

The policies implemented with a view to promote substantive equality between women and men, with an emphasis on the empowerment of women in all sectors were presented by Cyprus’ Commissioner for Gender Equality, Josie Christodoulou, at the Belgrade Women’s Conference – RISE 2026: Building Alliances for Rising Generations, the 2nd International Ministerial Conference on Women’s Empowerment, which took place on Wednesday in Belgrade.

According to a press release issued by her Office, the Commissioner referred to the implementation of the National Strategy for Gender Equality across all Ministries and Deputy Ministries. She also highlighted the importance of institutionalising the integration of the gender dimension into public policies and the state budget, and of using gender-disaggregated data. As she noted, this represents a significant change in the way governance is conducted, as gender equality is taken into account at the policymaking stage rather than after the policies have been drawn up. She added that the preparation of a gender-responsive state budget would make a substantial contribution to reducing inequalities.

While presenting measures adopted by the government to reconcile work and family life, Christodoulou referred also to mandatory pre-school education from the age of four, the extension of all-day schooling and parental leave until the age of 15, and the strengthening of childcare facilities.

With regard to women in leadership positions, the Commissioner referred to the bill aimed at increasing the presence of women on the boards of listed companies, with the target of achieving a minimum representation of 33 per cent. On a practical level, she outlined measures to empower women, such as, amongst other things, programmes to boost digital skills, financial literacy and entrepreneurship, as well as initiatives to promote role models, such as the school essay competition ‘If I were a minister for a day’ and the ‘Women’s Stories’ campaigns.

The Commissioner emphasised that achieving meaningful and lasting progress in the field of gender equality requires strong alliances between governments, the private sector, social partners, civil society, women’s organisations and international organisations, with the active participation of the younger generation. ‘Our responsibility is not simply to open more doors for women, but to ensure that the systems behind those doors are fair,’ she emphasised.

Christodoulou also took part as a panelist in the panel entitled ‘Her Voice’, which focused on women’s presence in public life, participation in decision-making and the creation of equal opportunities.

On the sidelines of the conference, the Commissioner held bilateral meetings with Tatjana Macura, Serbia’s Minister without Portfolio responsible for gender equality, the prevention of violence against women and the economic and political empowerment of women; Egypt’s Deputy Minister for Social Solidarity, Margrit Saroufim Youssef, and the Vice-Chair of the Gender Balance Council of the United Arab Emirates, Mona Ghanem Al Marri.

Inflation at 3.7% in September, driven by sharp increases in fuel and electricity

Inflation in Cyprus rose to 3.7% in September 2026, while the Consumer Price Index (CPI) increased by 0.74% month-on-month, reaching 104.01 points from 103.25 points in August, according to data released by the Statistical Service on Thursday.

For the January-September 2026 period, the CPI increased by 2.26% compared with the corresponding period of 2025.

On an annual basis, the largest increases were recorded in petroleum products, at 25.8%, and electricity and water, at 11.2%. Industrial products, excluding petroleum products, recorded a decrease of 1.1%.

By category of goods and services, the largest annual increases were recorded in transport, at 11.9%, and housing, water, electricity, gas and other fuels, at 9.6%. Prices for clothing and footwear decreased by 10.8%.

Compared with August, the largest monthly increase was recorded in housing, water, electricity, gas and other fuels, at 3.0%, followed by education services, at 1.8%, and food and non-alcoholic beverages, at 1.3%. Transport prices decreased by 0.8%.

At the level of individual products and services, leisure services had the largest positive impact on the annual change in the CPI, at 2.97 percentage points, followed by catering services at 2.82 points and rents at 1.56 points.

The largest negative impacts came from mobile communication services, at -1.53 points, insurance, at -1.13 points, and pharmaceutical products, at -0.94 points.

In September compared with August, fuels and lubricants had the largest positive impact on the CPI, at 0.34 points, followed by electricity at 0.24 points and vegetables at 0.23 points. Passenger air transport had the largest negative impact, at -0.48 points.