Today marks 15 years since the deadly Mari explosion

Today marks 15 years since the deadly explosion at the ‘Evangelos Florakis’ naval base in Mari, in which 13 people lost their lives while on duty.

The annual memorial service for the 13 men, who fell in the line of duty on 11 July 2011 took place in the morning at Agion Ieromartiron church, at ‘Evangelos Florakis’ Naval Base in Mari in the presence of the President of the Republic, Nikos Christodoulides, and other officials. Christodoulides, delivered a memorial address and laid a wreath during the annual memorial service.

Later on he will lay a wreath at the Heroes’ Memorial at the premises of the Disaster Response Special Unit (EMAK) in Kofinou.

On 11 July 2011, three explosions – the most powerful occurring at around 5:30 a.m. – ripped through shipping containers storing munitions at the naval base, claiming the lives of 13 people, officers of the Cyprus National Guard, members of the Fire Service, and the Disaster Response Special Unit, while injuring dozens of others.

The naval base was completely devastated, and the blast wave caused extensive damage to the nearby Vasilikos Power Station, with significant repercussions for the country’s economy.

The 13 people who lost their lives in the explosion were, Commander of the Navy, Captain Andreas Ioannides, Lieutenant Commander, and commander of the naval base, Lambros Lambrou, Chief Petty Officer Cleanthis Cleanthous, Petty Officer Michalis Heracleous, Seamen Miltos Christoforou, Christakis Christoforou, and Andreas Charalambous, Fire Service Sergeant Andreas Papadopoulos, and Firefighter George Giakoumis, Vasilis Krokos, Spyros Ttantis, Panayiotis Theophilou, and Adamos Adamou

The Council of Ministers officially declared the 13 men who died in the line of duty to be national heroes.

Within the grounds of the naval base, Agion Ieromartiron church was built in memory of the 13 victims.

Department of Meteorology issues extreme maximum temperature warning for Sunday

The Department of Meteorology has issued a yellow warning for extreme maximum temperatures on Sunday.

According to a warning posted on the Department’s official X account, the warning will be in effect from 11:00 a.m. on Sunday, July 12, until 5:00 p.m. on the same day.

The maximum temperature is expected to reach around 40 degrees Celcius over some inland areas.

Council of EU confirms appointment of Stéphanie Laulhé-Shaelou as CJEU Advocate General

The Permanent Representatives of the European Union member states on Friday confirmed the appointment of Stéphanie Laulhé-Shaelou as Advocate General at the Court of Justice of the European Union (CJEU) for Cyprus, while also reappointing Koen Lenaerts of Belgium as a judge of the Court.

Laulhé-Shaelou was appointed as one of the CJEU’s 11 Advocates General following the resignation of Nicholas Emiliou, and will serve the remainder of his mandate, which expires on 6 October 2027. She is Professor of European Law and Reform and Dean of the School of Law at the University of Central Lancashire (UCLan) Cyprus.

Alongside Laulhé-Shaelou’s appointment, Lenaerts was reappointed for a new six-year term as judge, running from 7 October 2027 to 6 October 2033. His reappointment forms part of the partial renewal of the composition of the Court of Justice, as the terms of office of 14 judges and six Advocates General are due to expire on 6 October 2027.

The appointment decision will enter into force upon its publication in the Official Journal of the European Union.

The Court of Justice of the European Union comprises two courts: the Court of Justice and the General Court. Judges and Advocates General are appointed by common accord of the governments of the member states following consultation with an independent panel responsible for assessing candidates’ suitability for the office.

Bridge between education and the labour market crucial, Labour Minister says

The bridge between education and the labour market is crucial, Minister of Labour and Social Insurance, said Marinos Moushouttas, during the Larnaca College graduation ceremony on Friday, adding that he sees this firsthand every day.

He added that the economy, businesses, public organisations and social services are not simply looking for degree holders; they are looking for people with integrity, skills, and a willingness to contribute.

Cyprus, he continued, needs graduates who will not passively wait for a job opportunity, but who will create value, innovate, and take initiative to help drive the country’s progress.

Cyprus exports jump 58.9% in May, while trade deficit widens in first five months

Cyprus recorded a sharp increase in goods exports in May 2026, boosted in part by transfers of economic ownership of vessels, but a strong rise in imports led to a wider trade deficit during the first five months of the year, according to provisional data released Friday by the Statistical Service of Cyprus.

Total exports of goods reached pound 520.4 million in May 2026, up 58.9% from pound 327.6 million in the corresponding month of 2025. Exports to other European Union member states amounted to pound 127.3 million, while exports to third countries rose to pound 393.1 million, compared with pound 211.1 million a year earlier.

The May figures include transfers of economic ownership of vessels valued at pound 34.8 million, compared with pound 7.5 million in May 2025.

Meanwhile, total imports of goods increased by 22.3% year-on-year to pound 1.309 billion from pound 1.070 billion in May 2025. Imports from other EU member states amounted to pound 705.0 million, while imports from third countries reached pound 604.1 million.

Imports in May also included transfers of economic ownership of vessels and aircraft worth pound 79.9 million, compared with pound 40.4 million in the same month last year.

During the January-May 2026 period, total imports rose by 8.0% to pound 5.998 billion, compared with pound 5.553 billion in the corresponding period of 2025. Total exports increased by a modest 1.0% to pound 2.158 billion from pound 2.136 billion a year earlier.

As a result, the trade deficit widened to pound 3.840 billion in the first five months of 2026, compared with pound 3.417 billion in the same period of 2025.

Final April data

———————

According to the final figures for April, total imports of goods increased by 14.9% year-on-year to pound 1.369 billion, compared with pound 1.191 billion in April 2025.

Exports of domestically produced products, including stores and provisions for ships and aircraft, fell by 20.5% to pound 220.9 million from pound 277.7 million a year earlier.

Domestic exports of industrial products, excluding stores and provisions for ships and aircraft, declined to pound 205.9 million from pound 263.2 million, while domestic exports of agricultural products edged up to pound 14.0 million from pound 13.4 million.

Exports of foreign products, including stores and provisions for ships and aircraft, increased by 22.7% to pound 142.2 million from pound 115.9 million in April 2025.

For the January-April 2026 period, the main categories of domestically produced exports, excluding stores and provisions for ships and aircraft, were mineral fuels and oils, valued at pound 517.4 million, followed by halloumi cheese (pound 130.2 million) and pharmaceutical products (pound 123.0 million).

The Statistical Service noted that the “mineral fuels and oils” category refers to products that were initially imported, processed and subsequently re-exported.

Cyprus joins EIB’s ETCI 2.0 initiative aiming to mobilise pound 80 billion for tech champions

Cyprus is taking part in the second phase of the European Tech Champions Initiative (ETCI 2.0), a European investment drive that aims to mobilise pound 80 billion to support more than 1,500 fast-growing European tech companies. Besides Cyprus, the declaration of support for ETCI 2.0 has also been signed by 20 other EU member states, including Greece.

The initiative was presented on Friday in Brussels, on the margins of the ECOFIN meeting (EU Finance Ministers), by the President of the European Investment Bank (EIB) Group, Nadia Calviño, together with 21 EU member states, institutional investors and fund managers. Cyprus is among the countries that signed the declaration of support, confirming its commitment to strengthening European innovation and widening access to growth capital for innovative businesses.

ETCI 2.0 builds on the results of the initiative’s first phase, which backed 15 mega-funds and helped nurture the development of 12 EU-based unicorns – companies valued at more than pound 1 billion. In its new phase, the initiative is seeking to raise at least pound 15 billion, roughly four times the size of the original 2023 fund of funds, while the EIB Group will contribute up to pound 1.25 billion from its own resources. Beyond large mega-funds, the initiative will for the first time also support mid-sized growth funds of more than pound 300 million, aiming to anchor the creation of more than 100 funds in total, including up to 45 mega-funds investing with an average ticket size of pound 200 million per company. A joint European investment platform will also be established, supported by a dedicated digital tool, to facilitate links between investors and tech funds across Europe.

Presenting the initiative before 21 EU Finance Ministers, EIB Group President Nadia Calviño described the new partnership as being about scale and speed, powering European pioneers with the capital they need to grow, stressing that it marks a decisive step to ensure innovative companies born in Europe stay and thrive on the continent. Calviño underlined that the success of the first phase – anchoring 15 mega-funds and nurturing 12 unicorns in barely two years – served as the springboard for the new, expanded phase, in which all 27 member states are now joining forces alongside private investors.

According to Calviño, the ambition of the second phase is to multiply the total capital mobilised by four, significantly increase the number of investment funds, triple the number of mega-funds, and likewise triple the average investment ticket size per company compared with the first phase. Calviño also noted that ETCI 2.0 incorporates and coordinates with national initiatives such as Germany’s WIN and France’s Tibi, sending, as she put it, a strong signal of unity and determination from member states, the European Commission, the EIB Group and private investors.

Cyprus’ Finance Minister Makis Keravnos attended the presentation and said that the country welcomes ETCI 2.0 as an important step in strengthening Europe’s innovation, competitiveness and technological sovereignty. He added that “by bringing together public and private resources, the initiative will support the growth of Europe’s most dynamic tech companies and help them expand internationally while keeping their base in Europe. We fully support this collective effort for stronger European capital markets, more private investment and greater strategic resilience for the European Union.”

PRESS RELEASE – UNIVERSITY OF CYPRUS

KIOS Center of Excellence congratulates six new PhD students for their research in transport, telecommunications, unmanned aerial vehicles, health, cybersecurity, and energy

Six new PhD students from the Department of Electrical and Computer Engineering (ECE) at the University of Cyprus, who conducted their research at the state-of-the-art facilities of the KIOS Research and Innovation Center of Excellence, graduated on 25 June 2026, following the successful completion of their doctoral research across transport optimization, medical imaging, cybersecurity, optical networks, unmanned aerial systems, and smart grid management.

Dr Antonis Georgantas, (supervised by Profs. Christos Panayiotou and Stelios Timotheou), developed an optimization framework to mitigate morning traffic congestion by adjusting school start times. Using a calibrated traffic model of Nicosia based on real loop detector measurements, his research showed that coordinated changes to school schedules can reduce citywide road congestion by up to 7%, while keeping disruptions within practical and socially acceptable limits. The framework offers transport authorities a data-driven tool for evaluating traffic interventions before real-world implementation.

Dr Nicolas Hadjittoouli, (supervised by Prof. Costas Pitris), developed mathematical tools that unfold the curved surface of the skull into a flat map, making fractures easier to detect across CT scan slices. The same approach was applied to the heart, flattening complex 3D electrical activity during dangerous heart rhythm disorders into a standardized 2D view. The research aims to make medical imaging faster to interpret and cardiac studies easier to compare across patients.

Dr Solon Falas, (supervised by Prof. Maria Michael and Dr Markos Asprou, Research Lecturer), developed new hardware- and physics-based security methods to protect modern cyber-physical systems from cyberattacks. His research introduced secure firmware update protocols for resource-constrained embedded devices, alongside physics-informed neural networks (PINNs) that embed the physical laws governing power grids directly into machine learning models, enabling robust, attack-resilient state estimation even under sensor noise, missing data, or adversarial manipulation. The work equips critical infrastructure operators with practical tools to detect and withstand cyber threats targeting embedded and power systems.

Dr Hafsa Maryam, (supervised by Prof. Georgios Ellinas and Dr Tania Panayiotou, Senior Research Associate), investigated traffic prediction and quality-of-transmission (QoS) estimation in optical networks using machine learning. The aim of the thesis was to incorporate both model and input uncertainty directly into connection provisioning decisions, enabling more reliable and resource-efficient QoS-aware network optimization.

Dr Panayiota Valianti, (supervised by Profs. George Ellinas and Panayiotis Kolios), proposed a multi-agent framework in which a team of pursuer unmanned aerial vehicles (UAVs) cooperates to monitor and jam one or more malicious UAVs, with the goal of disrupting their operation. A joint mobility and power control strategy is developed to optimize the decisions of each agent (centralized and distributed formulations), ensuring effective tracking and interception. The thesis also proposes an integrated approach combining search, tracking, and jamming within a unified multi-agent reinforcement learning framework.

Dr Andreas Kotsonias, (supervised by Prof. Christos Panayiotou, Dr Markos Asprou and Dr Lenos Hadjidemetriou, Research Lecturers), developed an advanced management system for Low Voltage Distribution Grids to mitigate the adverse effects of high solar and electric vehicle penetration. The system enhances situational awareness of distribution grids and addresses critical constraints such as voltage and distribution lines thermal limits, voltage unbalance, and harmonic distortion, while ensuring fair use of end-users’ assets.

According to the KIOS Director, Prof. Christos Panayiotou, “These six theses reflect the caliber of research being carried out at KIOS, spanning transport, health, cybersecurity, telecommunications, unmanned aerial systems, and energy. Each of these students has tackled a real-world challenge with scientific rigor and originality, from easing traffic congestion in our cities to securing critical infrastructure and improving how we diagnose disease. We congratulate our graduates and wish them every success in the next stage of their careers”.

Cyprus Stock Exchange

Cyprus Stock Exchange

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

MEETING DATE: 10/07/2026

INDICES BASE VALUES: FTSEMed=5000, OTH

EURO (pound )

TRADED VALUE:

1,329,181.14

INDEX

VALUE

% DIFF.

VALUE (pound )

FTSE/CySE 20

182.480

0.040

1,326,550.800

MAIN MARKET INDEX

247.240

0.030

1,210,154.620

INVESTMENT COMPANIES MARKET INDEX

3,012.380

-1.590

23,846.850

CSE GENERAL INDEX

310.350

0.090

1,327,444.200

HOTELS INDEX

2,009.010

1.710

5,378.710

ALTERNATIVE MARKET INDEX

2,049.720

-0.300

118,624.380

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

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 10/07/2026 UNTIL 0600 11/07/2026

Area covered is 8 kilometers seawards.

Winds are in BEAUFORT scale. Times are local times.

Atmospheric pressure at the time of issue: 1007hPa (hectopascal)

Seasonal low pressure is affecting the area. The weather will be mainly fine but tonight and early morning increased low cloud will be present with risk of local mist and isolated fog patches.

Visibility: Good, but moderate to poor in mist and very poor in fog

Sea surface temperature: 27°C

Warnings: NIL

AREA

PERIOD

WIND

STATE OF SEA

West Coast

Morning

South to Southwest 3, gradually Southwest to West 3 to 4

Smooth to Slight

Afternoon

Southwest to West 4, at times locally 4 to 5

Slight

Night

West to Northwest 3 to 4, gradually Northwest to Northeast 3

Smooth to Slight

South Coast

Morning

South to Southwest 3, gradually Southwest 3 to 4

Smooth to Slight

Afternoon

Southwest to West 4 to 5, at times locally 5

Slight

Night

Southwest to Northwest 3 to 4, gradually 3

Smooth to Slight

East Coast

Morning

South to Southwest 3, later 3 to 4

Smooth to Slight

Afternoon

South to Southwest 4, at times offshore 4 to 5

Smooth to Slight, at times offshore Slight

Night

West to Northwest 3

Smooth to Slight

North Coast

Morning

Southwest to Northwest 3, soon 3 to 4

Smooth to Slight

Afternoon

Southwest to Northwest 4, at times locally 4 to 5

Slight

Night

South to Southwest 3 to 4, gradually Southeast to Southwest 3

Smooth to Slight

Cyprus signs public-private resilience MoU to strengthen crisis preparedness

Cyprus’ Defence Ministry on Thursday signed a memorandum of understanding with the Cyprus Employers and Industrialists Federation (OEB) to strengthen cooperation between the public and private sectors on emergency preparedness, focusing on crisis management, the protection of critical infrastructure, and enhancing the resilience of the Republic of Cyprus.

The agreement establishes a formal framework for cooperation under the Central Civil Emergency Planning Section (CCEPS).

Speaking at the signing ceremony, Minister of Defence Vasilis Palmas said that the MoU establishes a formal framework for cooperation between the OEB and the CCEPS, with the objective of ensuring optimal coordination between the state and the private sector during times of crisis.

Palmas explained that the MoU provides for closer collaboration in supporting emergency planning, strengthening the contribution of OEB members in assisting the security forces during crises, delivering training and professional development for personnel, encouraging businesses to participate in the implementation of the CCEPS’s emergency plans, and promoting joint initiatives, studies and research aimed at improving the resilience of both businesses and the Republic.

For his part, OEB President George Pantelides described the MoU as a significant initiative for coordination and preparedness in an area of growing importance: strengthening the country’s resilience to crises, threats and emergency situations.

He said that the private sector is not merely an observer but a vital partner of the state, noting that Cypriot businesses possess infrastructure, services, expertise, skilled personnel and production capabilities which, through appropriate planning, can make a decisive contribution to crisis management and to maintaining the operational continuity of both the state and the economy.

CCEPS Director, Brigadier Iacovos Mikellides, said that cooperation with the OEB began in 2024. He noted that the Ministry of Defence, adopting modern practices already implemented in other countries, had moved to formalise this cooperation through the signing of the MoU.

He explained that CCEPS is the competent state authority responsible for national emergency planning, coordination and oversight of crisis and emergency management. Its mission is to ensure effective cooperation across the state apparatus and to support the security forces, with the aim of strengthening the defence capabilities of the Republic of Cyprus, he added.