Cyprus Prepares For 2026 EU Presidency With Vision For A Stronger Europe

by THEFUTURE.TEAM

January 30, 2025

Cyprus is gearing up to assume the Presidency of the Council of the European Union in the first half of 2026, a pivotal opportunity to reinforce its role as a strategic bridge between Europe and the broader region. President Nikos Christodoulides, presenting the Official Governance Agenda 2025 at the Presidential Palace on Wednesday, outlined the government’s priorities as it prepares for this crucial leadership role.

A Presidency Beyond Agenda Management

The Cypriot government, Christodoulides emphasized, is not approaching the EU Presidency as a mere administrative task but as a chance to actively shape policies and drive solutions that benefit Europe. The focus will be on deepening European integration and enhancing the EU’s strategic autonomy, ensuring a more resilient, competitive, and united Europe.

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“Our objective is a Presidency that goes beyond managing the European agenda,” the President stated. “We aim to act as an honest mediator, shaping policies with tangible actions, not just rhetoric, and advancing common European interests.”

Strengthening Cyprus’ Global Engagement

Looking ahead to 2025, the government plans to expand its diplomatic, strategic, and development partnerships, particularly with nations where Cyprus currently lacks a diplomatic presence. This will be achieved through educational and humanitarian diplomacy, spearheaded by the upgraded Cyprus Aid agency.

Highlighting Cyprus’ growing role on the international stage, Christodoulides reaffirmed the country’s commitment to reinforcing bilateral relations with African nations, working closely with fellow EU member states to institutionalize cooperation and foster meaningful partnerships.

Cyprus: A Reliable And Proactive EU Partner

The 2026 EU Presidency, Christodoulides stressed, is more than a symbolic leadership role—it is an opportunity for Cyprus to demonstrate its value as a dependable and proactive EU member state.

“Cyprus is not just a participant but a core contributor to the Union’s future—a reliable, results-driven partner that strengthens Europe with action, not just words,” he affirmed.

As preparations accelerate, Cyprus positions itself as a key player in shaping Europe’s trajectory, reinforcing its strategic importance and commitment to a stronger, more united European Union.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

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.

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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.

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