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Cyprus Joins eIDAS Network: Enhancing Secure Cross-Border Transactions Within The EU

In a significant move towards digital integration, Cyprus is gearing up for full connectivity with the European eIDAS network. This ambitious step is aimed at facilitating secure cross-border transactions across the European Union. As outlined by the Deputy Ministry of Research and Innovation, eIDAS champion’s mutual recognition and usage of national electronic identification (eID) schemes, enhancing access to public digital services in participating EU states.

Impressively, Cyprus has rolled out its national eIDAS node, a crucial piece now interconnected with those from 17 other EU countries, bolstering digital cooperation and accessibility. As the process continues, completion with all eligible member states is anticipated by May 2025.

Central to these advancements is IDMe.cy, Cyprus’s own digital identity, proudly endorsed by the European Commission with a ‘High Assurance’ security stature. Such approval enables Cypriot citizens easy access to digital services within partnered member states, reciprocally opening Cypriot services to EU citizens.

The integration of eIDAS into Cyprus’s digital framework marks an epoch of heightened security, speed, and convenience across online activities.

Cyprus Construction Price Index Rises Amid Cost Pressures

The latest data from the Cyprus Statistical Service (Cystat) shows that the Price Index of Construction Materials in Cyprus reached 118.89 points in January 2026, based on a 2021 average of 100. Compared with December 2025, the index increased by 0.12%, indicating gradual price adjustments across the sector.

Year-Over-Year Growth

On an annual basis, the index recorded a 1.09% increase compared with January of the previous year. The rise reflects ongoing changes in contractor costs and highlights evolving market conditions within the construction industry.

Commodity-Specific Movements

The report provides a detailed breakdown by material category. Minerals recorded the strongest annual increase at 2.91%, followed by electromechanical products at 2.55%. Products made from wood, insulation materials, chemicals and plastics rose by 1.19%, while mineral products increased by 0.97%. In contrast, metallic products declined by 0.49%.

Volatility In Sub-Categories

More pronounced changes were observed within specific sub-categories. Mineral aggregates rose by 8.34%, while stones increased by 4.97% compared with January 2025. Electrical fixtures posted a 4.65% increase. Iron and steel products declined by 1.73%, and ceramics and cement continued to trend lower, falling by 1.47% and 1.38% respectively.

Methodological Insights

The index is calculated as a weighted average based on the expenditure share of sampled materials during the 2021 base year. Prices are collected monthly from a range of suppliers, using the 15th of each month as the reference date and excluding VAT. The Construction Costs Index applies specifically to new residential buildings.

This detailed analysis not only sheds light on current market trends but also offers stakeholders a robust framework for understanding the underlying cost dynamics in Cyprus’s construction materials market.

Aretilaw firm
The Future Forbes Realty Global Properties
eCredo
Uol

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