Cyprus Outlines Strategic Roadmap Ahead Of EU Council Presidency

by THEFUTURE.TEAM

December 2, 2025

Preparing For The 2026 Term

Cyprus is setting the stage for its upcoming EU Council Presidency with a strategic focus on the Multiannual Financial Framework (MFF) 2028–2034, a cornerstone of its policy agenda. In a recent high-level meeting in Nicosia, Finance Minister Makis Keravnos met with Stephanie Riso, Director-General of the European Commission’s Budget Department, to discuss preparations as the island nation nears its 2026 term.

Coordinated Efforts And Strong Leadership

During the discussions, Minister Keravnos detailed the comprehensive planning underway for the Presidency, emphasizing the critical need for close collaboration with key Council bodies. By leveraging established coordination procedures, Cyprus aims to ensure the timely progress of vital EU budgetary initiatives. Keravnos underscored that the nation’s approach will be marked by responsibility, consistency, and effectiveness.

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Driving Meaningful Change In EU Budgetary Policy

The ministry reaffirmed that Cyprus will pursue the best possible outcomes on the EU’s central budgetary issues, aligning its efforts with long-term financial strategies central to the Multiannual Financial Framework. Such a proactive and coordinated strategy is expected to forge stronger alliances within the Council, setting a robust precedent for future EU fiscal policies.

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Cyprus Property Valuers Advocate Investment Funds For Affordable Housing Initiative

by THEFUTURE.TEAM

December 10, 2025

A Strategic Investment for Social Stability

Cyprus’ property valuers association has put forward a compelling proposal for the creation of 500 new affordable housing units. The association recommends that investment funds, including the social insurance fund and other private initiatives, actively participate in the development process. This strategic move is intended to secure the long-term financial stability required for such a vital infrastructure project.

An Innovative Financial Model

Polys Kourousides, President of the association, emphasized that the financial structure should be designed to avoid additional strain on the state budget. “The model should prioritize sustainability and efficiency, especially since the private sector is tasked with the delivery of these housing units,” Kourousides stated. His remarks highlight the importance of blending public interest with private sector expertise to effectively address pressing social challenges.

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Addressing a Growing Social Need

Kourousides further described the initiative as a timely response to one of the most urgent social issues of our time. The association has long championed the use of state-owned land for affordable housing projects, underlining its commitment to socially balanced urban development. In addition, the association remains prepared to assist the government by providing essential technical and scientific perspectives to shape a modern, efficient housing framework.

Looking Ahead

This proposal underscores the growing recognition among industry leaders that innovative financial models and public-private collaboration are essential to address housing shortages. With a clear roadmap and the right investment partners, Cyprus may well set a benchmark in sustainable and inclusive urban development.

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