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EU Approves Provisional Rollout Of Mercosur Trade Deal From May 1

The European Union announced the provisional rollout of the interim EU-Mercosur trade agreement, marking the final procedural step following the Council’s decision on January 9. Notification was sent to Paraguay, which serves as the legal custodian of Mercosur treaties.

Temporary Measures Take Effect

Under the transitional arrangement, provisional application will begin on May 1 for the EU and Mercosur countries that complete ratification and notify the bloc by the end of March. Argentina, Brazil and Uruguay have already fulfilled these requirements. Paraguay has also ratified the agreement and is expected to submit its notification shortly.

Enhanced Trade And Investment Opportunities

From the start of implementation, selected goods will benefit from tariff elimination, creating clearer and more predictable conditions for trade and investment. Businesses, consumers and farmers in the EU are expected to see early benefits, while safeguards remain in place for sensitive sectors. Additional details for exporters are available through the Access2Markets platform.

Strengthening Global Cooperation

According to the European Commission, the agreement will also support cooperation on issues such as labour standards and climate policy. Stronger coordination is expected to improve supply chain stability and ensure more reliable access to key raw materials.

Temporary Measures Take Effect

Under the transitional arrangement, the agreement will be applied provisionally from May 1 for the EU and all Mercosur countries that complete their ratification processes and notify the EU by the end of March. Argentina, Brazil, and Uruguay have already met these conditions, while Paraguay has recently ratified the agreement and is expected to dispatch its notification shortly.

Enhanced Trade And Investment Opportunities

From the start of implementation, selected goods will benefit from tariff elimination, creating clearer and more predictable conditions for trade and investment. Businesses, consumers and farmers in the EU are expected to see early benefits, while safeguards remain in place for sensitive sectors. Additional details for exporters are available through the Access2Markets platform.

Strengthening Global Cooperation

According to the European Commission, the agreement will also support cooperation on issues such as labour standards and climate policy. Stronger coordination is expected to improve supply chain stability and ensure more reliable access to key raw materials.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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