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.

The PDMO stated that offers submitted before or after the above auction timeframe will be considered invalid and rejected.

It added that the Treasury Bills to be issued through the auction will be listed on the Cyprus Stock Exchange for trading on October 24, 2025.

Cyprus – Qatar Transport Ministers discuss ports, investments and digital transformation

Transport Ministers of Cyprus and Qatar held recently a meeting during which they discussed issues related to the port system and airport connectivity, investments in infrastructure projects and digital transformation.

According to a press release issued on Friday by the Cyprus Ministry, on the sidelines of the Maritime Cyprus 2025 international conference, that took place recently in Limassol, Minister of Transport, Communications and Works Alexis Vafeades had a meeting with Minister of Transport of the State of Qatar, Mohammed bin Abdullah bin Mohammed Al Thani on October 06, 2025.

During the meeting, it adds, they referred to the upcoming official visit of the President of the Republic to Qatar in the coming months, which will constitute an important step for the further deepening of relations between the two countries.

The Minister also met with European Commissioner for Sustainable Transport and Tourism, Apostolos Tzitzikostas, on the sidelines of the Maritime Cyprus 2025 international conference.

The two sides, the press release says, exchanged views on the priorities of the European Union and the issues that the upcoming Cyprus Presidency of the Council of the EU will have to address.

After the meeting, they visited the Nicosia Peripheral Motorway, an emblematic infrastructure project financed by the Connecting Europe Facility (CEF), it concludes.

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

CYPRUS DEPARTMENT OF METEOROLOGY

FORECAST FOR THE SEA AREA OF CYPRUS (B)

FOR THE PERIOD FROM 1200 10/10/2025 UNTIL 1200 11/10/2025

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 low pressure is affecting the area. The weather will be at times partly cloudy.

Visibility: Good

Sea surface temperature: 26°C

Warnings: NIL

AREA PERIOD WIND STATE OF SEA

West Coast

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

Night Northwest to Northeast 3 Smooth to Slight

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

South Coast

Afternoon South to Southwest 3 to 4, at times locally 4 Slight

Night Northwest 3, at times offshore 3 to 4 Smooth to Slight

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

East Coast

Afternoon South to Southwest 3, at times offshore 3 to 4 Smooth to Slight, at times offshore Slight

Night West to Northwest 3 Smooth to Slight

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

North Coast

Afternoon Northwest 3 to 4, at times locally 4 Slight

Night Southeast to Southwest 3, at times offshore Northwest 3 Smooth to Slight

Morning Southwest to Northwest 3, at times locally 3 to 4 Slight

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. The forum, inaugurated by the President of the European Commission, Ursula von der Leyen, focused on promoting global investments in infrastructure, aiming to enhance connectivity in the fields of digital technology, energy, and transport.

According to a Ministry announcement, Vafeades participated as a speaker in the thematic session “Driving sustainable and strategic transport connectivity,” where he highlighted Cyprus’ priorities for its upcoming EU Council Presidency in the first half of 2026. Among the key issues discussed were the need for connectivity in island and peripheral regions, with an emphasis on cooperation with neighboring and third countries, the expansion of the Trans-European Transport Network (TEN-T), and the strengthening of air and maritime connectivity.

The Minister emphasized that Cyprus’ approach is not limited to infrastructure development but aims to create a comprehensive and resilient ecosystem that supports sustainable economic growth, protects the environment, and ensures social inclusion. “Through strategic investments in green transport, smart infrastructure, and digital transformation, Cyprus can emerge as a hub of sustainable connectivity for the entire Eastern Mediterranean region,” he noted.

Additionally, Vafeades participated in a panel discussion on connectivity, geopolitical infrastructure, and the promotion of strategic cooperation in the Mediterranean region within the framework of the MEDUSA program. This program aims to connect Southern Europe with North Africa and the Middle East through a submarine cable system.

At the opening of the forum, von der Leyen announced that the European Union expects to mobilize over pound 400 billion by 2027 for the Global Gateway program. Originally designed to invest pound 300 billion (half of which was intended for Africa) at the interval of 2021 to 2027, the program serves as an alternative proposal compared to similar initiatives by other global powers, such as the Belt and Road Initiative of China.

“The Global Gateway is not just about infrastructure, but also about strengthening ties between continents, with the goal of mutual development and addressing common challenges such as climate change and energy transition,” said von der Leyen. “These investments will be directed towards critical sectors such as energy, transport, education, and research, and will include partnerships to secure raw materials essential for Europe’s green transition and to reduce our dependence on third countries,” she added.

Furthermore, the head of the Commission emphasized that the Global Gateway represents an alternative model of cooperation, focusing on sustainability, transparency, and social participation.

The forum concluded on the afternoon of Friday, October 10, with closing remarks by the Commissioner for International Partnerships, Jozef Síkela. The Commissioner highlighted the need to strengthen cooperation between Europe and Africa and to accelerate investments in critical infrastructure to address global challenges.

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 10/10/2025 UNTIL 0600 11/10/2025

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1018hPa (hectopascal)

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

Visibility: Good

Sea surface temperature: 26°C

Warnings: NIL

PRESS RELEASE – EUROPEAN COMMISSION

The EU’s Entry/Exit System progressively starts operations on 12 October 2025

From 12 October, Member States will start introducing Europe’s new digital border system, the Entry/Exit System (EES), across their external borders. As of this date, Member States will start electronically registering the data of non-EU nationals crossing the EU’s external borders for short stays (90 days in any 180-day period). They will do so progressively, for a period of six months.

During the progressive roll-out, Member States will be able to decide at which Border Crossing Points they will start deploying the system and when. This allows Member States to start benefitting from the new system, whilst ensuring that border authorities, the transport industry and travellers can adjust to the new procedures.

At the end of this period, the EES will be fully deployed at all border crossing points and passport stamping will be replaced with electronic records in the system. It will provide reliable data on border crossings, systematically detect overstayers as well as cases of document and identity fraud.

With the increased use of automated border checks, travelling will become smoother and safer for all. At those border crossing points where the EES is in place, non-EU nationals will have their passport data, biometric data (facial image and fingerprints) and entry or exit data registered in the EES. This is done at the first entry and at the first exit; for each subsequent entry and exit, only a fast verification will be needed. Some countries may decide to further automate their processes with self-service systems. The new system meets the highest standards of data and privacy protection, ensuring that travellers’ personal data remain protected and secure. Passport stamping will continue during the six-month transition period.

Travellers can find up-to-date information and guidance on the official EES website: travel-europe.europa.eu/ees.

Next steps

The EES will be rolled out progressively over a period of 6 months, until 9 April 2026. As of 10 April 2026, the EES will be fully operational at all external border crossing points and passport stamping will be replaced with electronic records in the system.

Over the coming months, the European Commission and eu-LISA (European Union Agency for the Operational Management of Large-Scale IT Systems) will continue to support Member States to ensure the smooth deployment of the system.

Information campaigns and awareness-raising activities at airports and other border crossing points and consulates in third countries are ongoing and will continue over the coming months to guide travellers through the new procedures.

Background

The EES is part of the EU’s Smart Borders package, which aims to improve the management of the EU’s external borders by using state-of-the-art technology and innovative solutions. The package includes the EES, the European Travel Information and Authorisation System (ETIAS), and an extended and more harmonised use of the Automated Border Control (ABC) systems utilised by the Member States. Together these systems will facilitate a more efficient, secure, and convenient travel experience for all travellers to and from the EU. Travellers affected by the new rules can, in advance of entering the Schengen area, obtain information about the new procedures on the Official Travel Europe website.

For More Information

Commission Implementing Decision determining the date from which the Entry/Exit System is to start operations

Official Travel Europe website

Entry/Exit System – European Commission

Quote(s)

With the Entry/Exit System, Europe takes a digital leap forward, making external borders smarter, enhancing security while facilitating legitimate travel. By working closely with eu-LISA, Member States and the transport sector, we are delivering a secure, efficient and travel-friendly system that combines cutting-edge technology with Europe’s commitment to safety and innovation.

Henna Virkkunen, Executive Vice-President for Tech Sovereignty, Security and Democracy

The Entry/Exit System is the digital backbone of our new common European migration and asylum framework. With its launch, we are modernising how we manage our external borders. Every person who arrives at an external border will – without exception – undergo identity verification, security screening, and registration in the EU databases. The six-month rollout gives Member States, travelers, and businesses time to transition smoothly to the new procedures.

Magnus Brunner, Commissioner for Internal Affairs and Migration

Statement by Commissioner Várhelyi on World Mental Health Day 2025

World Mental Health Day reminds us that the health of our minds is an essential part of our well-being. Especially the health of our children and young people is the foundation of a strong and resilient society.

Young Europeans today face challenges very different from those of their parents. Rapid digitalisation, constant connectivity, online pressure, and exposure to global challenges all have a deep impact on how they think, feel, and interact. The online world offers enormous opportunities for learning, communication, and creativity – but it also brings new risks that can undermine confidence and self-worth.

That is why mental health must be part of how we prepare young people for their future – as a shared responsibility across education, health, and technology.

Through our comprehensive approach to mental health, the European Commission is supporting Member States and stakeholders to take action. Nearly pound 1.3 billion in EU funding supports 20 flagship initiatives across all ages, with a special focus on children and adolescents.

The theme of this year’s World Mental Health Day – ‘Access to Services: Mental Health in Catastrophes and Emergencies’ – underlines that provision of health services, even in the most difficult circumstances, is vital to our resilience. This depends first and foremost on the people who deliver those services.

An EU-funded study published by the World Health Organization’s Regional Office for Europe today shows that nearly one in three doctors and nurses experience symptoms of a mental health condition, and one in four doctors works more than 50 hours per week. Pressure is mounting due to shortages of the workforce. Those who care for others must not be left without help themselves.

The EU is supporting investment in good mental health and stronger healthcare services throughout Europe. We are working with Member States to strengthen the health workforce through our EU4Health programme – tackling staff shortages, preventing burnout, and improving working conditions.

Resilient Europe needs strong mental health services. Investment today prepares us for tomorrow’s challenges.

Commission mobilises pound 50 million in emergency support to farmers in Bulgaria, Hungary, Latvia, Lithuania, Poland and Romania

The Commission today adopted a proposal to provide nearly pound 50 million from the agricultural reserve to support fruit, nuts and vegetable farmers in Bulgaria, Hungary, Latvia, Lithuania, Poland and Romania. Farmers in these Member States have recently suffered significant damages from adverse climatic events.

Following approval by Member States, the Commission’s proposal allocates pound 7.4 million to Bulgaria, pound 10.8 million to Hungary, pound 4.2 million to Latvia, pound 1.1 million to Lithuania, pound 14.8 million to Poland and pound 11.5 million to Romania. These countries may complement this EU support by up to 200% with national funds.

Across all six Member States, late frosts, which were in many cases followed by hail or heavy rain, destroyed large parts of the fruit, vegetable, nut and seed harvests

In the spring of 2025, Bulgaria saw unusual weather that started with warm temperatures in February, causing fruit trees to flower too early. Cold and frost which followed in March and April damaged many crops, especially almonds, apples, apricots, cherries, peaches, pears, prunes and walnuts. In Latvia, warm April weather was followed by frost and heavy rain, which ruined fruit trees, berries and vegetables and seed crops such as peas, pumpkins and flax. Lithuania had a similar problem: early warmth made crops grow faster, but later frost in April and May badly damaged apples, currants, berries, cherries, pears and plums. In Hungary, frost in April and May hit nearly the whole country, damaging apples, apricots, cherries, peaches, pears and quinces. Poland faced long frost spells in April and May and then strong hailstorms, which hurt berries, currants, sour cherries and cucumbers. Romania was also affected by late frosts that froze buds and flowers, causing major losses in fruit production.

To ensure this exceptional measure is effective, it is important that beneficiaries rapidly receive the emergency financial support. Payments to farmers for the emergency financial support to Bulgaria, Latvia, Lithuania, Hungary, Poland and Romania must be carried out before 30 April 2026.

Background

Under the agricultural reserve as part of the current Common Agricultural Policy (2023-2027), at least pound 450 million per year is available to help farmers cope with market disruptions or exceptional events affecting production or distribution. Given the increasing frequency of adverse climatic events, the Commission has stressed the importance of strengthening risk management tools and promoting their wider use across the EU, alongside proactive measures to address root causes and improve farm resilience in the medium term. With the Commission’s latest simplification proposals, new crisis payments under CAP Strategic Plans will be possible for farmers facing natural disasters. In its proposal for the next CAP (2028-2034), the Commission intends to double the crisis reserve to support the resilience of European farmers and the agri-food sector against market disturbances.

More frequent and extreme weather events, this time impacting farmers from six Member States, highlight the volatility and uncertainty of farmers’ working conditions. Today’s help will bring a little relief to the farmers who lost their crops and their income this year. It is more important than ever to mitigate climate change but also to adapt to it. This week, I visited irrigation projects in Romania and Bulgaria, set up to help farmers cope with recurring drought. The current CAP also contains provisions for crisis and risk management tools, which will be further strengthened in the next CAP. More than ever, we need to think and work together on sustainable solutions.

GSI licenses transferred to ADMIE by Cyprus Energy Regulator

The licenses of owner and operator of the Greece-Cyprus electricity interconnection Great Sea Interconnector (GSI) have been officially transferred by the Cyprus Energy Regulatory Authority (CERA) to the Independent Power Transmission Operator of Greece (ADMIE), as published on Friday in the Official Gazette of the Republic of Cyprus.

According to sources at the Greek Ministry of Energy, this development comes just one day after the meeting in Athens between the two countries’ energy ministers, Stavros Papastavrou and George Papanastasiou. During the meeting, the ministers agreed to move forward with resolving all outstanding issues related to the project. Officials described the transfer as the first concrete step toward implementing what was agreed at the talks, which they said took place ‘in an excellent climate.’

Speaking earlier today on Action 24 television, Greek Energy Minister Papastavrou had already announced the transfer of the licenses to ADMIE, stressing that the ministers had agreed ‘to move forward by settling all pending matters, so that we can present a united front for the implementation of the project that will put an end to Cyprus’ energy isolation.’

According to the publication in the Official Gazette, CERA approved the transfer of the interconnection ownership license from EuroAsia Interconnector to ADMIE, as well as the transfer of the interconnection operation license from EUTSO Ltd. to ADMIE.

The decision includes specific obligations for the new license holder. ADMIE is required to prepare a code of conduct applying to all managers and employees engaged in the ownership and operation of the interconnection.

In addition, for the operation license, ADMIE must submit an annual activity report including financial statements, project progress and compliance measures, ensuring full transparency in the management of the interconnection.

ADMIE is also required to pay the relevant annual license fee, along with the outstanding costs related to the license transfer.

The decisions come into effect as of their publication in the Official Gazette, with a 45-day period set for the formal completion of the process.

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 and that these violations ‘underscore the urgent need to ensure that international law is respected, upheld and enforced universally.’

Speaking before the UN Sixth Committee, Ambassador Michail, reaffirmed the country’s unwavering commitment to the promotion of the rule of law at both national and international levels, describing it as ‘the cornerstone of peaceful, just and inclusive societies and the foundation of the multilateral order.’

Ambassador Michail expressed full support for the Committee’s work, assuring that ‘you may count on the full support and cooperation of Cyprus.’ Aligning Cyprus’ position with that of the European Union, she underscored the importance of strengthening legal norms globally.

She pointed out that ‘Cyprus stands as a testament to the vital importance of upholding international law and the Charter of the United Nations.’ She noted that ‘as a victim of foreign aggression, Cyprus continues to endure the consequences of violations of its sovereignty and territorial integrity for decades.’ These ongoing violations, she pointed out, ‘underscore the urgent need to ensure that international law is respected, upheld and enforced universally.’

Michail welcomed the Secretary-General’s report and concurred with its main conclusion that ‘the rule of law is the cornerstone of peaceful, just and inclusive societies.’

Ambassador Michail underlined the United Nations ‘unique and irreplaceable role’ in upholding and advancing international law, assisting over 150 Member States in fields such as ‘security, anti-corruption, protection of vulnerable groups, transitional justice, and constitutional reform.’ She also praised the UN’s central role in ‘codifying and developing international law,’ serving as ‘the guardian of the international legal order and the custodian of the rule of law at the international level’.

She further noted that ‘Cyprus has long established a robust legal system founded on democracy, the separation of powers, judicial independence and respect for human rights.’ She highlighted ongoing reforms to improve ‘efficiency, transparency, access to justice and accountability,’ such as separating the advisory and prosecutorial functions of the Attorney General, strengthening the Independent Authority against Corruption, and introducing ‘legislation on the disclosure of assets of elected and non-elected officials’.

On the international front, Cyprus remains ‘firmly committed to international law and the rules-based order grounded in the Charter of the United Nations’. Ambassador Michail reiterated Cyprus’ ‘strong support for the International Court of Justice as a cornerstone of the rules-based international system,’ emphasizing that ‘compliance with its judgments is essential for the settlement of disputes and the prevention of future ones.’

She also reaffirmed Cyprus’ backing for the International Criminal Court (ICC) as ‘essential in combating impunity for the most serious crimes of concern to the international community.’ She called for the ‘universality and integrity of the Rome Statute’ and its full implementation.

The ambassador stressed that all States must apply international law ‘without selectivity or double standards.’ As she put it, ‘The rule of law must serve as a shield for all, not as a privilege for the powerful,’ she said.

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%.

Imports from other EU Member States were pound 590.3 mn and from third countries pound 507.9 mn, compared to pound 585.6 mn and pound 396.2 mn respectively in August 2024.

Imports in August 2025 include the transfer of economic ownership of vessels, with total value of pound 34.4 mn as compared to pound 2.4 mn in August 2024.

Total exports of goods in August 2025 were pound 531.3 mn as compared to pound 290.8 mn in August 2024, recording an increase of 82.7%.

Exports to other EU Member States were pound 74,4 mn and to third countries pound 456.9 mn, compared to pound 73.7 mn and pound 217.1 mn respectively in August 2024.

Exports in August 2025 include the transfer of economic ownership of vessels, with total value of pound 41.4 mn as compared to pound 11 mn in August 2024.

Total imports of goods in January-August 2025 amounted to pound 8,884.6 mn as compared to pound 7,781.7 mn in January-August 2024, recording an increase of 14.2%.

Total exports of goods in January-August 2025 were pound 3,729.2 mn compared to pound 3,626.9 mn in January-August 2024, registering an increase of 2.8%.

The trade deficit was pound 5,155.4 mn in January-August 2025 compared to pound 4,154.8 mn in the corresponding period of 2024.

Meanwhile, total imports of goods amounted to pound 1,289.2 mn in July 2025 as compared to pound 1,079.4 mn in July 2024, recording an increase of 19.4%.

Exports of domestically produced products, including stores and provisions for ships and aircraft, were pound 384.1 mn in July 2025 as compared to pound 217.4 mn in July 2024, recording an increase of 76.7%.

Domestic exports of industrial products, excluding stores and provisions for ships and aircraft, were pound 373.8 mn in July 2025 compared to pound 208,6 mn in July 2024.

Domestic exports of agricultural products, excluding stores and provisions for ships and aircraft, were pound 8.6 mn in July 2025 compared to pound 7.7 mn in July 2024.

Exports of foreign products, including stores and provisions for ships and aircraft, were pound 180.9 mn in July 2025 as compared to pound 111.8 mn in July 2024, recording an increase of 61.8%.

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. Passenger saloon car registrations rose by 26.8% to 4,364, from 3,442 in the same month last year.

For the first nine months of 2025, total vehicle registrations increased by 3.6% to 40,212, compared with 38,819 in the same period of 2024. Passenger saloon car registrations grew by 3.2% to 31,325, from 30,344 last year. Of these, 11,806 (37.7%) were new cars and 19,519 (62.3%) were used. Rental cars recorded a notable rise of 32.6% to 4,559.

By fuel type, the share of petrol cars fell to 42.8% in January-September 2025 from 49.7% in 2024, and diesel cars to 8.5% from 9.9%. In contrast, electric cars rose to 4.7% from 3.6%, and hybrids to 44% from 36.7%.

Bus registrations increased to 132 in January-September 2025 from 119 in the same period of 2024. Goods transport vehicles rose by 6% to 4,569, compared with 4,311 last year. Specifically, rental vehicles increased by 17.5% to 215, heavy trucks by 6% to 534, light trucks by 5.7% to 3,650, while road tractors (trailers) remained unchanged at 170.

Moped registrations (50cc) fell to 170 in January-September 2025 from 603 in the same period of 2024, while motorcycle registrations (>50cc) rose by 20.1% to 3,522, compared with 2,933 last year.