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EU Unveils Maritime And Port Strategy To Boost Competitiveness

Strengthening The Maritime Industrial Base

The European Commission has presented a Maritime Industrial Strategy designed to strengthen the competitiveness, sustainability and resilience of Europe’s maritime sector. The initiative targets key areas of the industry and aims to reinforce the EU’s technological and industrial capacity in shipping, shipbuilding and port operations.

Innovating For A Future-Ready Industry

The strategy focuses on major segments of the maritime economy, including shipping, ports and shipbuilding. Plans include the creation of a European alliance for maritime industries, support for advanced shipbuilding projects and the development of specialized vessels for emerging sectors such as offshore wind.

New technologies are also part of the agenda. The Commission highlighted future development of equipment for ports and shipyards as well as innovations such as unmanned underwater vehicles and advanced maritime systems.

Investing In Research And Digital Transformation

Research and innovation will play a central role in the strategy. Under the Horizon Europe framework, the “Shipyards of the Future” initiative will test new technologies in operational shipyards.

Regulatory adjustments are also under consideration. The Commission plans to simplify certain rules affecting the maritime industry and improve the attractiveness of European shipping flags. Proposed changes to the EU Emissions Trading System are intended to support investment while advancing the decarbonisation of the EU fleet and encouraging digitalisation across shipyards.

Revitalising European Port Infrastructure

Alongside the maritime strategy, the Commission introduced a separate framework aimed at strengthening Europe’s ports. Ports play a central role in the EU economy, handling around 74% of the bloc’s external trade and supporting millions of passenger movements each year. Key priorities include digitalisation of port operations, stronger connections with European transport networks and updated guidelines concerning foreign ownership of port infrastructure.

Enhancing Security And Dual-Use Capabilities

The strategies also address security considerations linked to maritime industries. European shipyards and equipment manufacturers may receive additional support through export financing tools and targeted trade policies. Workforce development is another focus area. Training initiatives are expected to help shipbuilders and seafarers adapt to new technologies and environmental standards as the industry evolves.

A Strategic Roadmap For The Future

Implementation of the strategy will involve the creation of a high-level Maritime and Ports Council to guide coordination between industry and policymakers. The initiative forms part of broader EU efforts to strengthen competitiveness while supporting sustainable maritime transport and industrial development.

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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