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EU Presidency Priorities: Driving Competitiveness And Strategic Autonomy

Strong Endorsement From Cyprus Chamber Of Commerce And Industry

The Cyprus Chamber of Commerce and Industry (Cypriot EU Presidency) has expressed its full support for the recently unveiled priorities of the EU Presidency, as outlined by Nikos Christodoulidis. The chamber commended the framework as a realistic and cohesive strategy designed to bolster the European economy and enhance the EU’s competitive global stance.

Enhancing European Competitiveness And Market Integration

Central to the outlined priorities is the aim to fortify the competitiveness of the European economy. The strategy emphasizes deepening the single market, providing robust support to businesses—especially small and medium-sized enterprises—attracting investments, and streamlining administrative and regulatory burdens. This approach directly addresses the critical needs of both the European and Cypriot business communities.

A Dual Focus On Green And Digital Transition

The EU Presidency is also setting its sights on a balanced green and digital transition. The initiative seeks to marry sustainability and innovation with ongoing competitiveness and the preservation of Europe’s productive base. By integrating technological advancement with economic growth, the agenda positions the EU to address future challenges and leverage emerging opportunities.

Geopolitical Stability And Strategic Partnerships

On the geopolitical front, the outlined priorities affirm Cyprus’ role as a steadfast partner within the EU. The strategy underscores the importance of regional stability, enhanced international cooperation, and a forward-looking approach to EU enlargement—particularly with regard to the Western Balkans. These measures are aimed at crafting a stronger, more resilient, and strategically autonomous European Union.

Commitment To Tangible Economic And Social Benefits

The Cyprus Chamber of Commerce and Industry reaffirms its commitment to actively support the initiatives of the Cypriot EU Presidency. Through well-substantiated interventions and targeted initiatives, the chamber aims to promote entrepreneurship, drive European added value, and ensure tangible benefits for both the economy and society.

A Presidency Of Substance And Results

According to the Cyprus Chamber of Commerce and Industry, the current Cypriot EU Presidency represents a rare opportunity to achieve substantive outcomes, foster strategic collaborations, and drive a clear economic and developmental agenda. This vision aligns with the broader objective of positioning the EU as a dynamic global player.

Bank Of Cyprus Named Cyprus’ Best Digital Bank By Euromoney

Bank of Cyprus has been named Cyprus’ Best Digital Bank at the Euromoney Awards for Excellence 2026, recognising the lender’s digital banking developments during the review period from January 1 to December 31, 2025.

Digital Banking Expansion

During the year, the bank integrated Fleksy, Cyprus’ first buy now, pay later service, into its digital banking platform. It also expanded Joey, its youth banking app, by adding savings and goal-setting features and enabling transfers between Joey accounts.

Bank of Cyprus also extended QuickAccount to support sterling and US dollar accounts. In addition, it launched what it said was Cyprus’ first fully digital housing loan, expanding its digital offering beyond day-to-day banking services.

The bank said it now has more than 500,000 active digital users.

Focus On Customer Access

“Enabling our customers to access the financial products and services they need with ease at any time is at the core of our digital strategy,” Chief Digital Officer Demetris Nicolaou said. “It is an honour for the bank to be named the winner of Cyprus’ Best Digital Bank at the Euromoney Awards for Excellence 2026.”

The recognition follows the Euromoney Private Banking Awards 2026, where Bank of Cyprus retained its titles as Best Private Bank in Cyprus and Best for High-Net-Worth Individuals in Cyprus for a second consecutive year.

Wealth Management Growth

Euromoney also cited growth in advisory services, digital initiatives and a 36% increase in assets under management during the review period as factors supporting the bank’s private banking awards.

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