Construction production and prices show annual increase in 2Q 2025

Construction prices and production recorded an annual increase in the second quarter and the first half of this year according to the Statistical Service of Cyprus, on Tuesday.

It says that the Index of Production in Construction during the second quarter of 2025 reached 131.38 units (base year 2021=100.00), recording an increase of 4.6% over the second quarter of 2024.

The Output Prices Index in Construction for the second quarter of 2025 reached 126.32 units (base year 2021=100,00), recording an increase of 2.1% relative to the first quarter of 2025.

Compared to the same quarter of the previous year, the Index increased by 5.4%.

During the period January-June 2025, increases relative to the corresponding period of 2024 were observed in the Index of Production in Construction (3.7%) and in the Output Prices Index in Construction (4.9%).

President stresses role of businesses in green transition-circular economy

Today more than ever, businesses are called upon to strengthen their role in green transition, while remaining competitive adopting responsible and sustainable practices that contribute to addressing the multi-level challenges, President Nikos Christodoulides said on Monday, at an event organised by Photos Photiadis Group to present its green programme ‘Choice’.

President Christodoulides said that Photiadis Group continues to be a pioneer with the green programme ‘Choice’, which comes to address a major challenge, namely the need to protect the environment in a structured, practical and specific manner.

He said that industry, which is a key pillar of our economic development, is a sector with significant energy consumption. But he went on to note that through the implementation of energy efficiency improvement technologies, the use of energy management systems, as well as the utilization of green forms of energy in industrial facilities, not only do we achieve a substantial reduction in our consumption and environmental footprint, which is our minimum obligation to future generations, but in the long term, we also practically strengthen the competitiveness of our industry.

The President in his address also said that the Government, among other things, promotes investments in energy efficiency and renewable energy sources, as well as in smart systems and innovative technologies, aiming to increase competitiveness and reduce energy costs.

He said that the National Energy and Climate Plan that was submitted to the EU last December, provides for the adoption of specific measures by 2030, to reduce final energy consumption in industry by 15%.

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 07/10/2025 UNTIL 1800 08/10/2025

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1010hPa (hectopascal)

Weak low pressure is affecting the area. In the evening, the weather will be partly cloudy and at times mainly cloudy with risk of isolated showers. Tonight and tomorrow, the weather will be mainly cloudy with local showers and isolated thunderstorms.

Visibility: Good, but moderate to poor in showers

Sea surface temperature: 26°C

Warnings: NIL

Interior Minister to take part in UNECE meeting on affordable housing

Interior Minister, Konstantinos Ioannou, will participate in the ministerial meeting on affordable housing and Sustainability, organised, on Wednesday, in Geneva, within the framework of the 86th Session of the Committee on Housing, Urban Development and Land Management of the United Nations Economic Commission for Europe (UNECE).

The Ministry of Interior and the Secretariat of the Cyprus Presidency of the Council of the EU 2026 said in a press release on Tuesday that the Ministerial Meeting will be held at the headquarters of the United Nations (UN), with the participation of the Director-General of UNECE and Ministers and high-ranking officials of the Member States of the European region of the Organisation.

The challenges and strategic priorities for the affordability and sustainability of housing will be the focus of the meeting.

Ministers will have the opportunity to present the policies and strategic actions implemented at national level with the aim of ensuring citizens’ access to affordable and sustainable housing options. In addition, participants will be invited to agree on Commitments for the implementation of actions that ensure affordable and sustainable housing options.

During his intervention at the meeting, Ioannou will present the pillars and measures implemented by the Republic of Cyprus within the framework of its integrated housing policy, which focus on increasing the supply of affordable housing and enhancing citizens’ access to affordable housing options. He will also refer to the need to encourage the development of synergies between the public sector, local authorities and the private sector, to promote the most effective solutions to address the major housing challenge, the press release added.

On the sidelines of his participation in the Ministerial Meeting, the Minister will have separate meetings with the Director-General of UNECE, Tatiana Molcean, and with the Minister of Social Solidarity of Slovenia, Simon Maljevac. The meetings will discuss, among other things, the priorities of the Cyprus Presidency of the Council of the European Union (EU) in the first half of 2026 on housing, as well as the objectives promoted at EU level through the European Affordable Housing Plan under development, the press release concluded.

PRESS RELEASE – EUROPEAN COMMISSION

Commission proposes plan to protect EU steel industry from unfair impacts of global overcapacity

The Commission has presented a proposal to protect the EU steel sector from unfair impacts of global overcapacity, a vital step towards ensuring the long-term viability of a strategically crucial industry. Delivering on the commitments set out in the EU Steel and Metal Action Plan, the proposal maintains the principle of open trade and strengthens engagement with global partners to tackle overcapacity, by:

limiting tariff-free import volumes to 18.3 million tons a year (a reduction of 47% compared to 2024 steel quotas),

doubling the level of out-of-quota duty to 50% (compared to the 25% under the safeguard) and

strengthening the traceability of steel markets by introducing a Melt and Pour requirement to prevent circumvention.

European Commission President Ursula von der Leyen said: “A strong, decarbonised steel sector is vital for the European Union’s competitiveness, economic security and strategic autonomy. Global overcapacity is damaging our industry. We need to act now – I urge the Council and Parliament to move ahead quickly. The Commission will continue working with industry to protect and create good jobs, and with Member States and global partners – including at WTO level – to find long-term solutions to shared challenges.’

The proposal will replace the steel safeguard measure that is set to expire by June 2026. It responds to the call from EU workers, industry, several Member States, Members of the European Parliament, and stakeholders to offer strong and permanent protection to the EU steel industry, with a view to safeguarding EU jobs, and supporting the sector in its decarbonisation efforts.

Steel overcapacity is a global problem that requires strong, genuine and joint action by all partners. The Commission will continue leading international work on finding collective solutions to effectively tackle the root causes of global overcapacity, including in the framework of the Global Forum on Steel Excess Capacity. With its proposed measure, the Commission invites like-minded countries to work together with a view to ring-fencing their economies from global overcapacity while securing supply chains and increasing mutual market access.

The proposed measure is fully WTO compliant. Upon receipt of a mandate from the Council, the Commission will swiftly engage with affected EU trading partners under the Article XXVIII GATT procedure regarding this change to the EU’s WTO tariffs, with a view to offering them country specific allocations.

In view of the close and unique integration into the EU’s internal market under the EEA Agreement, exports from Norway, Iceland, and Liechtenstein will not be subject to tariff quotas or duties. Separately, interests of a candidate country facing an exceptional and immediate security situation, such as Ukraine, should also be reflected upon when deciding on the quota allocations, without undermining the effectiveness of the measure.

Next steps

The Commission’s proposal will now be subject to the ordinary legislative procedure, thus it will be for the European Parliament and the Council to agree on the final regulation.

The Council Decision authorising the opening of negotiations will need a qualified majority in the Council to be adopted.

Once adopted by the Council and Parliament, the measure will replace the EU’s safeguard on steel, when it expires in June 2026. By tabling today, the Commission is wants to ensure uninterrupted protection of the EU steel sector.

Background

Steel is an essential material for the EU economy, including for its green transition, due to its use in a plethora of strategically important sectors including defence. The EU steelmaking industry is the world’s third largest steel producer. It employs around 300,000 people directly and supports some 2.5 million jobs indirectly, with steel production sites across more than 20 EU Member States. Steel plants sustain many regional economies, underlining their socio-economic and political importance.

The EU steel industry is currently facing significant pressure from unsustainable levels of global overcapacity, which is more than five times the EU’s annual steel consumption (currently 620 million tons and projected to grow to 721 million tons by 2027). This increasing overcapacity, increasing imports of steel and closing of third country markets add to the internal challenges faced by the EU steel industry. These include an increase of trade-restrictive measures across third countries, high energy and manufacturing costs in the EU, and lower internal demand. These challenges unduly weaken the EU industry’s competitiveness in a global market, undermining the industry’s ability to invest notably in decarbonisation and threatening its long-term viability.

The EU steel industry is the only major region that has lost some 65 million tons of capacity since 2007. In 2024, the capacity utilisation rate reached 67% [healthy rates are around 80%] and some 9,000-100,000 jobs have been lost since 2007. The sector recorded record losses in 2024.

In light of these critical challenges, the Commission announced its intention to prepare a new steel measure in its Steel and Metals Action Plan (SMAP) of March 2025, with President von der Leyen reiterating the EU’s commitment to protecting its steel industry in her State of the European Union (SOTEU) address.

The proposed measure is based on an economic analysis, including an assessment of the potential impacts of various options, as well as insights gathered through a targeted consultation of sectoral stakeholders which took place over the summer. Many of the over 500 respondents, both across the industry (producers and users) and across EU Member States, were strongly supportive of a measure which significantly reduces the volume of tariff quotas on steel applicable against all origins, with a high out-of-quota duty level which they see as necessary to preserve a strong and sustainable steel industry in the EU. The economic analysis and a summary of the results of the stakeholder consultation are presented in a Staff Working Document accompanying the proposal.

For More Information

Proposed Measure on Steel

Staff Working Document

Recommendation for a Council decision authorising the opening of negotiations

Questions and Answers

Quote(s)

A strong, decarbonised steel sector is vital for the European Union’s competitiveness, economic security and strategic autonomy. Global overcapacity is damaging our industry. We need to act now – I urge the Council and Parliament to move ahead quickly. The Commission will continue working with industry to protect and create good jobs, and with Member States and global partners – including at WTO level – to find long-term solutions to shared challenges.

Ursula von der Leyen, President of the European Commission

An industrial future for Europe is impossible without a vibrant and resilient steel industry. By protecting our market from unfair global competition, we are building a path for a sovereign decarbonized European steel. This proposal is the first step for our industry to regain competitiveness. We now have to focus our efforts on the other parts of the action plan: CBAM reform, Clean industrial deal and demand measures. That is why I call on the co-legislators for an urgent and swift adoption of the proposal so our industry can invest, grow, and innovate.

Stéphane Séjourné, Executive Vice-President for Prosperity and Industrial Strategy

EU trade is about fair, rules-based competition, and this measure will help our steel industry compete fairly amid increasing global overcapacity. I look forward to opening consultations and negotiations with the EU’s key trading partners in this sector through the WTO rules-based process. Ultimately, the EU remains committed to working with all willing partners towards a collective response to the challenge of global overcapacity. I will be further discussing this later in the week with key trading partners at the Ministerial meeting of the Global Forum on Steel Excess Capacity on 10 October.

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 06/10/2025 UNTIL 1200 07/10/2025

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1014hPa (hectopascal)

Weak low pressure is affecting the area. The weather will be mainly fine with locally increased cloud coverage at times. Tomorrow the weather will be partly cloudy and at times mainly cloudy with risk of light isolated showers, mainly over the western and northern coastal areas.

Visibility: Good

Sea surface temperature: 26°C

Warnings: NIL

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 06/10/2025 UNTIL 0600 07/10/2025

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

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

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

Visibility: Good

Sea surface temperature: 26°C

Warnings: NIL

Raouna on working visit to Strasbourg ahead of Cyprus EU Presidency

Deputy Minister for European Affairs Marilena Raouna will travel to Strasbourg Tuesday for a two-day working visit in preparation for the assumption of the Cyprus Presidency of the Council of the European Union, the first half of 2026.

The visit, which takes place on the occasion of the plenary session of the European Parliament between 6-9 October, is part of the Deputy Minister’s series of contacts with representatives of the EP.

The aim is to strengthen relations and cooperation with the European Parliament, which as a co-legislator plays a decisive role in a successful Presidency of the Council of the EU, a statement issued by the Cyprus EU Secretariat.

Raouna will have meetings with Committee Chairs, focusing on providing information on the priorities of the Cyprus Presidency and exchanging views on important legislative files and initiatives that will concern the Union in the near future. This is taking place in view of the representation of the Council by the Deputy Minister at the Plenary Sessions of the European Parliament, as well as her presence before the Conference of Committee Chairs, during the Cyprus Presidency, the announcement by the Secretariat reads.

In addition, during the six-month period, both the Deputy Minister for European Affairs and the other competent Ministers will appear before the EP Committees, within the framework of the institutional role of the Presidency.

During her stay in Strasbourg, the Deputy Minister will also meet with Cypriot MEPs.