Breaking news

EU Commission Confirms Cloud Breach After Cyberattack

Incident Overview

The European Commission has officially confirmed that its cloud infrastructure was targeted in a sophisticated cyberattack. In a detailed briefing, spokesperson Nika Blazevic stated that an attack compromised part of the cloud environment, resulting in the unauthorized extraction of significant data volumes.

Swift And Decisive Action

Authorities report that immediate countermeasures were deployed to isolate the breach and mitigate further risks. “We have taken immediate steps and contained the attack. Risk mitigation measures were also implemented,” the spokesperson added. Importantly, internal systems remained uncompromised, underscoring the resilience of the EU Commission’s cybersecurity protocols.

Extent And Impact Of The Breach

Incident affected cloud hosting linked to the Europa.eu platform. The platform supports the Commission’s public-facing websites. Reports indicate that attackers extracted large volumes of data, including databases, from cloud infrastructure hosted on Amazon Web Services. The scale of the breach is still being assessed.

Looking Ahead

As the investigation continues, the incident raises critical questions about safeguarding sensitive information in an era marked by evolving cybersecurity challenges. The proactive measures undertaken by the European Commission serve as a benchmark for crisis management and risk mitigation in the public sector.

Robust Cyprus Construction Activity Bolsters Vassilico Cement’s 2025 Performance

Vassilico Cement Works Public Company Ltd reported a net profit of €35.52 million for 2025, supported by strong construction activity in Cyprus. Company profit reached €34.99 million, reflecting higher revenues and improved operating performance.

Domestic Market Growth Driven By Cyprus Construction

Group revenue rose to €152.75 million, while company revenue reached €152.66 million, up 11% year on year. Growth was driven by increased sales volumes in the domestic market, where construction activity remained strong throughout the year.

Enhanced Production Efficiency And Cost Management

Gross profit increased to €50.30 million at group level and €50.21 million at company level, compared with €42.49 million in 2024. The improvement reflects gains in production efficiency and cost control, supported by higher use of alternative fuels and improved electricity efficiency. These measures reduced unit costs while supporting environmental targets.

Executive Insights And Macroeconomic Outlook

Executive Chairman Antonis Antoniou said strong domestic demand supported production volumes, with the company maintaining focus on the local market and managing exports selectively. He added that favorable economic conditions in Cyprus contributed to performance, despite regulatory pressures in Europe and broader geopolitical uncertainty.

Navigating Energy And Regulatory Challenges

Future performance will be influenced by energy market volatility and European climate policy, including carbon pricing and the Carbon Border Adjustment Mechanism. Rising fuel and electricity costs continue to affect energy-intensive industries.

The company is expanding its renewable energy capacity, with a photovoltaic park reaching 16MW and plans for an additional 8MW, subject to grid connection. The investments aim to improve cost stability and energy efficiency.

Shareholder Returns And Strategic Investments

The board approved an interim dividend of €0.15 per share, totaling €10.79 million, on September 25, 2025. A final dividend of €16.55 million, or €0.23 per share, will be proposed. Combined, total dividends amount to €27.34 million, or €0.38 per share.

Management said the company will continue focusing on efficiency, cost control and sustainability as it navigates energy market pressures and regulatory requirements.

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