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Cyprus Secures €55 Million Investment for Research and National Growth

by THEFUTURE.TEAM

September 25, 2025

Strategic Financial Agreements Propel Innovation

Cyprus has taken a decisive leap in bolstering its research and development capabilities with two strategic financing agreements totaling €55 million. In a ceremony held at the Finance Ministry in Nicosia, Finance Minister Makis Keravnos, European Investment Bank (EIB) Vice President Kyriacos Kakouris, and CING Chief Executive Leonidas Phylactou underscored the power of enduring partnerships. The agreements, which include €5 million for the construction of a new CING research building and €50 million for the Thalia 2021–2027 programme, highlight a shared commitment to national development and sustainable growth.

Boosting Research Infrastructure and Advanced Care

The first agreement, infusing an additional €5 million into the Cyprus Institute of Neurology and Genetics (CING), raises the total EIB support for the institute to €31 million. This initiative, underpinned by a state guarantee and supplementary grant adjustments, will finance the construction of a new building designed to house pioneering research and development projects. As Finance Minister Keravnos noted, this investment is poised to enhance the nation’s research capacity and elevate Cyprus’ performance in global biomedical indicators. Kakouris highlighted the tangible benefits of the project, including advanced patient care and enriched opportunities for scientific research.

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Driving Economic Growth Through Cohesion

The second agreement earmarks €50 million for the Thalia 2021–2027 programme—a cornerstone of the EU cohesion policy in Cyprus. This initiative is forecast to contribute a 5.9% increase in the country’s GDP and generate approximately 8,500 jobs by 2029. Vice President Kakouris emphasized the transformative nature of projects under the Thalia programme, which span from energy management and digital public services to modernizing educational and research infrastructures. These investments are central to the government’s mission to foster a smarter, greener, and more equitable Cyprus.

Strengthening International Ties and Future Prospects

During the ceremony, Minister Keravnos praised the longstanding relationship between Cyprus and the EIB, built on shared values and mutual trust. He also acknowledged Vice President Kakouris’ contributions, noting that his efforts have not only benefitted Cyprus but have also set a precedent for representation by small states at the European Investment Bank. Additionally, CING’s expansion will soon welcome six new research teams, further cementing the country’s position as a hub for biomedical innovation, job creation, and international scientific collaboration.

Conclusion: A Blueprint for Resilient Growth

This dual-faceted investment marks a significant milestone for Cyprus as it cultivates a resilient and sustainable future. With enhanced research infrastructure, robust economic growth, and a commitment to public well-being, Cyprus is poised to become a leading centre for innovation and development in the region.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.