Cyprus EU Presidency Emphasizes Cohesion Policy For Economic Resilience

by THEFUTURE.TEAM

February 27, 2026

Setting A Focused Agenda

During the inaugural General Affairs Council on Cohesion Policy under the Cyprus EU Presidency, Finance Minister Makis Keravnos reinforced the pivotal role of cohesion policy in enhancing competitiveness and bolstering economic resilience across the European Union. In Brussels, Minister Keravnos highlighted the significance of Cyprus’ six-month tenure at the helm of the Council, marking a defining moment for strategic policy reform.

Cohesion Policy And Strategic Autonomy

Addressing colleagues upon his arrival, Keravnos stated, “It is a great pleasure for me to chair today’s meeting on Cohesion Policy, which is the first since Cyprus took over the Presidency.” He emphasized that an autonomous Union, open to the world, is built on the foundation of competitiveness and strategic economic resilience. This approach not only underscores the value of cohesion policy in the European agenda but also directly links it to the Union’s broader objectives of strategic autonomy.

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Key Agenda Items And Future Directions

The Council’s discussions will center on two principal items. The first is the adoption of conclusions regarding cities and functional urban areas, which are seen as critical engines for economic, social, and territorial cohesion. The second focuses on the mid-term review of cohesion policy for the 2021-2027 programming period. This review aims to design stronger incentive frameworks and introduce greater flexibility for the next cycle, thereby ensuring closer alignment with the EU’s strategic priorities in a shifting economic and geopolitical landscape.

Toward An Enhanced Policy Framework

Experts anticipate that the meeting will further delve into bolstering the administrative and operational capacities of member states and regions. Additional discussions are expected to highlight targeted support for regions facing specific geographical and development challenges, including the EU’s eastern border areas. These measures aim to forge a more robust and agile policy framework, better equipped to navigate the uncertainties of the current global environment.

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Cyprus Introduces €200 Million Support Measures To Cut Energy And Food Costs

by THEFUTURE.TEAM

March 27, 2026

Comprehensive Relief Measures For A Resilient Economy

The government of Cyprus introduced support measures exceeding €200 million to reduce household expenses and support key sectors. The package targets energy costs, food prices, tourism and agriculture. Measures come in response to rising costs and supply pressures. Implementation begins in April and May 2026.

Energy And Fiscal Reforms

The government will reduce VAT on electricity for households to 5% from May 1, 2026, to March 31, 2027. The measure is expected to lower energy bills. Special consumption tax on transport fuels will decrease by 8.33 cents per liter between April and June 2026. Policy targets fuel-related costs.

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Broadening The Zero VAT Initiative

Authorities will expand the list of products with zero VAT. Meat, poultry and fish will be included from April 1 to September 30, 2026. Existing zero-VAT categories already include fruits and vegetables. The government also decided not to introduce a green tax on fuels, avoiding an additional cost of about 9 cents per liter.

Sector-Specific Supports

The package includes a 30% wage subsidy for hotel employees for April 2026. Measure supports tourism businesses during the early season. Support for airlines aims to maintain connectivity with key destinations. The agriculture sector will receive subsidies covering 15% of costs for fertilizers and supplies in April and May.

Economic Stability, National Security

President Nikos Christodoulidis said economic stability remains a priority for the government. He noted that growth, fiscal balance and inflation trends support current policy decisions. Statement links economic policy with broader national priorities. The government continues to monitor external risks.

Ensuring Consumer Protection

Furthermore, the government has mandated rigorous market oversight and intensified inspections to prevent exploitative pricing during this period of economic intervention. This proactive stance ensures that the benefits of the measures directly serve the citizens without unintended inflationary impacts.

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