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Ministerial Council Approves Up To €1.515 Million In Grants For Weather-Affected Farmers

by THEFUTURE.TEAM

September 23, 2025

The Ministerial Council has sanctioned grants totaling up to €1.515 million for farmers impacted by adverse weather conditions during the 2024/2025 growing season. This decision, taken on September 17 following a proposal from the Ministry of Agriculture, Rural Development and Environment, represents a significant step toward supporting the agricultural sector in challenging times.

Targeted Support For Key Crops

The approved support covers a range of crops including olives, avocados, bananas, artichokes, winter potatoes, citrus fruits, and peppers. In addition, a separate allocation will provide exceptional support to potato growers affected by the CORAL weather phenomenon. This targeted funding underscores the government’s commitment to both immediate relief and the long-term viability of the primary sector.

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Accelerated Payment Schedule

Unlike previous years, when payments were made in December, the new disbursement schedule is set to roll out in phases starting within the next few days and will be fully completed by the end of October 2025. This acceleration is aimed at offering timely relief to those impacted by the extreme weather conditions.

Funding Mechanisms And Future Considerations

The financial support will be distributed through the National Funding Framework for losses from adverse climatic phenomena and, where applicable, under Regulation (EU) 1408/2013 for de minimis support. The Ministry stated, “The objective is to provide tangible support to farmers, thereby contributing to the stabilization and sustainability of the primary sector.”

With this approval, the current cycle of payments for the specified crops and losses is now complete. Any further damages incurred during the year will be evaluated independently through risk management initiatives executed by the Agricultural Production Insurance Fund.

Further Information For Stakeholders

The Ministry invites stakeholders to seek additional information by contacting the Risk Management Department of the Agriculture Sector at 22408540 or by visiting the local Regional Agricultural Offices.

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EU Tightens Steel Imports As Overcapacity Hits 721M Tonnes

by THEFUTURE.TEAM

April 14, 2026

Robust Regulatory Framework

Cyprus Presidency of the Council of the EU, together with the European Parliament, reached a provisional agreement on measures addressing global steel overcapacity. The regulation targets trade diversion and excess supply while maintaining compliance with international trade rules. The framework also aims to preserve operational flexibility for downstream industries.

Safeguarding Employment And Environmental Commitments

Global steel overcapacity is projected to reach 721 million tonnes by 2027, compared with EU annual consumption levels. The measures are linked to the protection of around 2.5 million jobs. Policy direction also aligns with EU decarbonisation targets within the industrial sector.

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Enhanced Trade Controls And Supply Chain Traceability

The regulation introduces tariff-free quotas of 18.3 million tonnes annually. Imports exceeding thresholds will be subject to a 50% duty. Measures cover 30 steel product categories and will replace current safeguards expiring on June 30, 2026. A “melt and pour” requirement is included to improve supply chain traceability.

Diversifying Import Sources And Reducing Dependencies

Rules apply to imports from all countries, excluding European Economic Area members, which remain subject to traceability requirements. The framework also reduces reliance on specific external suppliers, including Russia. Michael Damianos, Energy Minister of Cyprus, said the steel sector remains important for economic activity and energy transition. Bernd Lange, Chair of the European Parliament’s INTA Committee, said the measures address trade practices and market conditions.

Looking Ahead

The agreement introduces a revised tariff-rate quota system with import quotas reduced by approximately 47% compared with 2024. Limited carry-over flexibility will apply in the first year. The European Commission will review the measures in subsequent years. Formal adoption by the European Parliament and the Council is expected before implementation on July 1, 2026.