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Limassol To Pioneer Maritime Leadership Under Cyprus’ EU Council Presidency 2026

Limassol is set to become a pivotal hub for maritime affairs during Cyprus’ EU Council Presidency in 2026, as Shipping Deputy Minister Marina Hadjimanolis underscores shipping as one of the government’s highest priorities. In a detailed conversation with Entrepreneurial Limassol—published by the Limassol Chamber of Commerce and Industry—the Deputy Minister highlighted the transformative impact of the annual Maritime Cyprus conference, now recognized as one of the largest events in the global shipping calendar.

Strategic Support And International Endorsement

Hadjimanolis emphasized that the conference not only surpassed all expectations in attendance and the caliber of discussions, but it also attracted influential figures including shipowners, senior executives, regulators, and eminent international organizations. The presence of such high-profile attendees, including the IMO Secretary-General and two EU Commissioners, reinforces both the significance of the event and the broad international support for Cypriot shipping.

EU Presidency: A Catalyst For Maritime Initiatives

Looking ahead, Cyprus plans to leverage its EU Presidency in the first half of 2026 to further embed shipping across its political and economic agenda. The Shipping Deputy Ministry is orchestrating a series of high-level engagements, notably an informal meeting of EU ministers responsible for shipping, set to convene in Nicosia this April. During this meeting, a declaration focusing on maritime education is slated for adoption, which will likely guide future policy directions.

Enhancing The Cyprus Flag And Cruise Competitiveness

Continuing its commitment, the government is accelerating digital transformation initiatives within the Deputy Ministry of Shipping and actively engaging with international shipowners through global conferences. Hadjimanolis also noted targeted promotional efforts and stated that enhancing service delivery is crucial for attracting additional tonnage under the Cyprus flag. In the cruise sector, despite adjustments in itineraries due to prevailing geopolitical tensions, interest from international companies and regional collaborators is on the rise. The initial phase of the National Cruise Strategy is complete, with an actionable roadmap now under development in collaboration with industry stakeholders. This coordinated strategy aims to bolster Cyprus’s competitive edge as an Eastern Mediterranean cruise destination.

A Vision For Maritime Excellence

In conclusion, Hadjimanolis expressed her unwavering confidence in Cyprus’ capacity to not only navigate but also capitalize on the current geopolitical challenges. Through robust coordination, strategic partnerships, and a pragmatic approach, Cyprus is positioned to set a new standard in maritime excellence during its EU Council Presidency and beyond.

SEC Drops Lawsuit Against Gemini: A Major Turning Point In Crypto Regulation

SEC Dismisses Legal Action Against Gemini

The Securities and Exchange Commission has formally withdrawn its lawsuit against Gemini, the prominent crypto exchange founded by twins Cameron and Tyler Winklevoss. The move follows a joint court filing in which both the regulator and Gemini sought dismissal of the case that centered on the collapse of the Gemini Earn investment product, a debacle that left investors without access to their funds for 18 months.

Settlement And Regulatory Reassessment

In a significant development, a 2024 settlement between New York and Gemini ensured that investors recovered one hundred percent of their crypto assets loaned through the Gemini Earn program. The legal reprieve comes on the heels of actions initiated by New York Attorney General Letitia James, who accused Gemini of defrauding investors.

Political Backdrop And Industry Implications

This dismissal reinforces a broader trend of regulatory leniency toward the crypto sector noted during the Trump administration, which saw the SEC dismiss, pause, or reduce penalties in more than 60 percent of its pending crypto lawsuits. Meanwhile, Gemini’s recent public offering filing underscores its ambitions to solidify its status as a major player in the evolving digital asset market.

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