Deputy Shipping Minister Emphasizes Cyprus’ Central Role In Global Maritime Relations

by THEFUTURE.TEAM

September 22, 2025

Cyprus is positioning itself as a global maritime leader, as Deputy Shipping Minister Marina Hadjimanolis underscored the nation’s strategic role in safeguarding seafarers’ welfare and driving innovation in the shipping industry. At the International Transport Workers’ Federation (ITF) Worldwide Inspectors Seminar in Limassol, Hadjimanolis reaffirmed that the well-being of seafarers is a priority, reflecting Cyprus’ longstanding maritime heritage and global influence.

Prioritizing Seafarers’ Welfare And Workforce Development

In her opening remarks, the Deputy Minister highlighted a forthcoming declaration on seafarers’ training and enhanced inclusion of women in the maritime sector—a pivotal initiative during Cyprus’ Presidency of the Council of the European Union. With over 150 inspectors from more than 100 ports worldwide in attendance, the seminar is a testament to the international commitment to uphold collective agreements and protect seafarers’ rights, while preparing the workforce for a technologically advanced and sustainable future.

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Advancing Regulatory Excellence And Global Collaboration

Addressing the evolving demands of the shipping sector, Hadjimanolis stressed the need for a modernized skills framework as the industry undergoes rapid digital and green transformations. The Deputy Minister noted that maintaining leadership and competitiveness in today’s dynamic environment requires an educated, adaptive workforce. Cyprus leverages its unique geographical advantage—bridging Europe, Asia, and Africa—supported by a competitive EU-approved tonnage tax system and robust regulatory practices, to maintain its status as a leading shipping centre.

A Vision For A Resilient And Sustainable Maritime Future

Looking toward the future, Hadjimanolis encouraged international collaboration to tackle shared challenges head-on. In partnership with global bodies such as the International Maritime Organisation, the International Labour Organisation, and European institutions, Cyprus is actively shaping policies that enhance the sector’s resilience and ensure sustainable growth. The planned ministerial meeting in April 2026, ahead of Cyprus’ Presidency of the EU Council, will further cement these initiatives by adopting key measures that promote workforce inclusivity and robust training standards.

Invitation To Maritime Cyprus 2025 Conference

In a strong call to action, the Deputy Minister invited industry stakeholders to the Maritime Cyprus 2025 Conference, scheduled for October 6-8 in Limassol. The conference will serve as a platform to discuss imminent challenges and opportunities, underscoring Cyprus’ unwavering commitment to quality, excellence, and a forward-looking shipping sector.

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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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