Cyprus and Greece are seeking to expand economic cooperation by attracting investment, strengthening economic diplomacy and helping businesses enter third markets.
The issue was discussed in Nicosia by Cypriot Foreign Minister Constantinos Kombos and Greek Deputy Foreign Minister Harry Theoharis during Theoharis’ two-day visit on Sept. 14 and 15, according to the Greek Foreign Ministry.
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Focus Shifts Toward Third Markets
Kombos said the talks focused on “strengthening economic diplomacy, investments, and joint business extroversion in third markets.” The approach would encourage companies from both countries to pursue opportunities abroad rather than limiting cooperation to bilateral trade and investment.
The existing economic relationship provides a strong base for that effort. Trade in goods between Cyprus and Greece reached €3.3 billion in 2025, with Greece remaining one of Cyprus’ key commercial partners, according to Energy Minister Michalis Damianos.
Business Ties Take Center Stage
Theoharis also met Damianos and Invest Cyprus CEO Marios Tannousis, as well as Cyprus Chamber of Commerce and Industry President Stavros Stavrou and Cyprus-Greece Business Association President Joseph Joseph.
The meetings focused on identifying new areas of cooperation, supporting companies expanding abroad and creating additional investment and trade opportunities.
Cooperation Amid A Changing Regional Landscape
Kombos and Theoharis also reaffirmed the countries’ strategic relationship and discussed regional developments and Greece’s upcoming presidency of the Council of the European Union in 2027.
Greece will hold the rotating presidency from July through December 2027, following Lithuania and as part of the 18-month trio with Ireland and Lithuania. The role allows Greece to help set the EU agenda, build consensus among member states and steer legislative work.
The broader economic agenda reflects a growing role for governments as facilitators of international business, using diplomatic ties to help companies build partnerships and access new markets.
