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EU Reaffirms Commitment To A Unified Cyprus: An Analytical Overview

In a significant reaffirmation of policy, European Council President Antonio Costa has declared the European Union’s rejection of a two-state solution for Cyprus. His recent conversation with UN Secretary-General Antonio Guterres underscores the EU’s commitment to resolving the Cyprus issue within the framework of a bizonal, bicommunal federation.

A Dialogue Among Leaders

President Nikos Christodoulides engaged with European Commission President Ursula von der Leyen and Costa, following a pivotal National Council meeting in Geneva. The conversation emphasized a comprehensive settlement strategy aligned with UN Security Council resolutions and the acquis communautaire.

Further Engagement And Implications

In Geneva, both von der Leyen and Costa communicated in writing to Guterres, demonstrating a unified EU front in advancing the Cyprus resolution process. This move follows a strategic initiative by the Republic of Cyprus, marking a critical moment in EU-Cyprus-Turkey relations. Meanwhile, von der Leyen’s keen interest in Cyprus highlights the island’s strategic importance.

The EU’s assurance to support this process underscores a broader objective: a stable, independent, and fully functional Cyprus, aligned with EU principles. This commitment is further cemented by the participation of EU bodies, such as the DG for Regional and Urban Policy, in preparing detailed reports for EU leaders.

Future Perspectives: Maintaining Momentum

The commitment from the EU is clear: to support Cyprus at every stage within the UN framework. As the international community continues its focus on Cyprus, the EU’s resolve provides a strong foundation for future diplomatic engagements. This dialogue is part of our broader coverage on Europe’s geopolitical dynamics.

Cyprus Construction Price Index Rises Amid Cost Pressures

The latest data from the Cyprus Statistical Service (Cystat) shows that the Price Index of Construction Materials in Cyprus reached 118.89 points in January 2026, based on a 2021 average of 100. Compared with December 2025, the index increased by 0.12%, indicating gradual price adjustments across the sector.

Year-Over-Year Growth

On an annual basis, the index recorded a 1.09% increase compared with January of the previous year. The rise reflects ongoing changes in contractor costs and highlights evolving market conditions within the construction industry.

Commodity-Specific Movements

The report provides a detailed breakdown by material category. Minerals recorded the strongest annual increase at 2.91%, followed by electromechanical products at 2.55%. Products made from wood, insulation materials, chemicals and plastics rose by 1.19%, while mineral products increased by 0.97%. In contrast, metallic products declined by 0.49%.

Volatility In Sub-Categories

More pronounced changes were observed within specific sub-categories. Mineral aggregates rose by 8.34%, while stones increased by 4.97% compared with January 2025. Electrical fixtures posted a 4.65% increase. Iron and steel products declined by 1.73%, and ceramics and cement continued to trend lower, falling by 1.47% and 1.38% respectively.

Methodological Insights

The index is calculated as a weighted average based on the expenditure share of sampled materials during the 2021 base year. Prices are collected monthly from a range of suppliers, using the 15th of each month as the reference date and excluding VAT. The Construction Costs Index applies specifically to new residential buildings.

This detailed analysis not only sheds light on current market trends but also offers stakeholders a robust framework for understanding the underlying cost dynamics in Cyprus’s construction materials market.

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