Breaking news

Cohesion Policy Program ‘THALEIA 2021-2027’ Accelerates Social Inclusion In Cyprus

by THEFUTURE.TEAM

Program Advancement And European Endorsement

The General Directorate of Development at the Ministry of Finance has confirmed that the “THALEIA 2021–2027” Cohesion Policy Program is progressing at a robust pace. With over 100 projects either in progress or completed and approximately €700 million already deployed, the initiative is setting the stage for transformative social and economic reforms in Cyprus. This update was delivered during the visit of the European Parliament’s Committee on Employment and Social Affairs (EMPL) delegation, underscoring the program’s alignment with EU strategic priorities.

Strengthening Partnerships And Best Practices

The delegation’s visit served as a platform for exchanging experiences and best practices in employment and social inclusion policies. Delegates had the opportunity to inspect a series of EU co-financed projects on the ground, providing concrete examples of how targeted investments are enhancing the quality of life for communities across Cyprus. This collaborative approach not only reinforces policy coherence but also paves the way for innovative solutions in tackling unemployment and social disparities.

High-Impact Projects With Social Returns

Among the flagship projects under the THALEIA initiative are:

  • Organization And Operation Of The Inspection Service – With a budget of €8.5 million, this project, managed by the Ministry of Labor, aims to intensify labor inspections, advance the ERGANI II system, and implement an electronic records platform to improve service delivery for both employers and employees.
  • Ackida Center For Family Intervention And Autism Support – Budgeted at €6 million, this initiative in Nicosia focuses on providing comprehensive assessments, therapeutic interventions, and counseling services to support children and families, under the supervision of the Department of Social Integration for Persons with Disabilities.

Financial Commitment And Strategic Deployment

The THALEIA program commands a substantial budget of €1.8 billion, comprising €969 million from the European Union and €842 million from the national treasury. To date, more than 100 projects have been implemented or completed, with approximately €700 million disbursed towards impactful actions. This strategic financial mobilization is central to driving significant progress in labor market participation and social cohesion.

Measurable Social And Economic Outcomes

The program is poised to deliver extensive benefits, including:

  • Creation of 6,000 new job opportunities for unemployed individuals by October 2025.
  • Engagement of 1,100 new graduates in practical training assignments.
  • Support for 540 young individuals outside the employment, education, or training sectors through guided market integration.
  • Deployment of 35 community social workers across 19 municipalities and 255 local communities, addressing approximately 2,700 cases.
  • Provision of subsidies covering tuition fees and meals for 25,000 children aged four years and younger.
  • Annual social inclusion initiatives that benefit 27,000 students, with a supplementary 65,000 students participating in a school breakfast program.
  • Extensive support for persons with disabilities, including 23,000 assessments, 12 independent living homes, 8 personalized programs, and in-home care for 130 individuals.

Conclusion

The recent EMPL visit has shone a spotlight on the breadth and depth of the THALEIA program’s interventions. By catalyzing employment opportunities and strengthening social cohesion, this initiative underscores the pivotal role of European cohesion policy in enhancing the socio-economic fabric of Cyprus. As the program moves forward, its achievements to date offer a compelling blueprint for sustainable development and inclusive growth across Europe.

Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

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.

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.

The Future Forbes Realty Global Properties
eCredo
Uol
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter