Greece’s Ministry of National Economy and Finance published a readout of meetings between Minister Kyriakos Pierrakakis and Cyprus’s Finance Minister Makis Keravnos, setting out an agreement to strengthen coordination in both bilateral and EU forums, with Greece offering political and technical support ahead of Cyprus assuming the EU Presidency in the first half of 2026. The discussions covered current geopolitical developments in the Middle East, including calls for restraint, de-escalation and protection of freedom of navigation given potential impacts on the global economy, supply chains and commercial shipping. The ministers also aligned on shared EU priorities including reducing energy costs, increasing digitisation and innovation, accelerating the green transition and financing large productive investments, and referenced the European Commission’s forecast of 2.3% growth for Greece in 2025. Separately, Keravnos met Deputy Minister Nikos Papathanasis to discuss strengthening investment and competitiveness, expanding technical cooperation between managing authorities and competent bodies, improving the use of EU resources, and using financial instruments to address housing and cohesion policy; Keravnos also pointed to Greek investment activity in Cyprus, including in banking and technology. The coordination is intended to be strategic in preparation for Cyprus’s EU Presidency in the first half of 2026 and Greece’s EU Presidency in the second half of 2027.

Original source View in tracker