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Cyprus To Host Greece, Italy And Malta For Trilateral Shipping Meeting

The upcoming meeting in Limassol on Sept. 9 will expand maritime cooperation between Cyprus, Greece and Malta, with Italy taking part for the first time. The meeting reflects Cyprus’ efforts to strengthen cooperation with other Mediterranean maritime states.

A Broader Maritime Alliance

Deputy Minister of Shipping Marina Hadjimanolis told the Cyprus News Agency that Italy’s participation follows efforts to deepen cooperation among key Mediterranean maritime states.

According to Hadjimanolis, expanding the format is the result of “targeted and persistent efforts” to strengthen regional cooperation and Cyprus’ partnerships in the shipping sector.

Why Italy’s Participation Matters

Italy’s participation expands the dialogue among four countries facing common challenges in the maritime sector. Hadjimanolis’ visit to Rome at the invitation of her Italian counterpart also helped pave the way for Italy to join the upcoming meeting.

“Italy’s positive response confirms the shared view that the challenges facing shipping today require closer coordination, cooperation and common approaches,” she said.

Meeting Returns To Cyprus After Eight Years

The Sept. 9 meeting will be the ninth session of the trilateral framework and the first to take place in Cyprus in eight years. Cyprus last hosted the sixth meeting with Greece and Malta in 2018, while the most recent session was held in Greece in 2023.

Competitiveness, Decarbonization And Regulation On The Agenda

The meeting will focus on the competitiveness of European shipping, decarbonization and legislative and policy developments at the European level. Participants will also discuss issues expected to feature on the agenda of the International Maritime Organization and European Union institutions in the coming months.

“These are issues that will materially affect the future of shipping and require substantive dialogue among states with a strong maritime footprint,” Hadjimanolis said.

Four Maritime Hubs Coordinate On Common Issues

Cyprus, Greece, Italy and Malta are among the most significant shipping centers in Europe and globally, according to Hadjimanolis. Their discussions will focus on regulation, competitiveness and decarbonization as the four countries seek common positions on issues affecting the sector.

Cyprus Business Electricity Prices Rank Among The EU’s Highest

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.

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