European Business Presence In Cyprus Enhances EU Presidency Prospects

by THEFUTURE.TEAM

November 24, 2025

Cyprus, preparing for its upcoming EU Presidency in January 2026, has seen a valuable engagement from representatives of the European business community. President Nikos Christodoulides highlighted the significance of this participation ahead of the Business Europe Chairpersons’ Conference in Nicosia.

Focus On Enhancing Competitiveness

In his address, the President emphasized that over 70% of the files managed during Cyprus’s Presidency will revolve around the issue of competitiveness. He noted that the dialogue has shifted from mere discussions to concrete decision-making, a move viewed as essential for bolstering the European Union’s competitive edge on the global stage.

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Strengthening Strategic Partnerships

Highlighting the critical role of collaborative efforts, President Christodoulides stated, “Collaboration with the European business community is of paramount importance.” He recalled a productive exchange of views during the recent presidential meeting and expressed his confidence that such engagements will further strengthen the EU’s initiatives in competitiveness, thereby preparing the region for a successful presidency.

Competitiveness And Strategic Autonomy

The President further connected the ideas of competitiveness and strategic autonomy by asserting that a lack of competitiveness undermines the pursuit of autonomy. This alignment of economic strategy with broader geopolitical aims underscores the urgency of implementing decisive measures to improve the EU’s international standing.

Looking Ahead

As discussions continue and the presence of European leaders in Cyprus garners momentum, the commitment to a competitive and autonomous European Union remains unwavering. With only 40 days until Cyprus assumes the EU Presidency, this enhanced cooperation is seen as both a significant opportunity and a distinguished honor.

Source: Phile News

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Eurobank Launches First UPI Cross-Border Payment From Greece To India

by THEFUTURE.TEAM

July 10, 2026

Eurobank has launched its first cross-border payment from Greece to India through the Unified Payments Interface (UPI), marking a new step in the bank’s international expansion and its strategy to strengthen financial ties between Europe and India.

The transaction, completed in cooperation with NPCI International, follows the launch of Eurobank’s new payment service. The inaugural payment was made in the presence of India’s Commerce and Industry Minister Piyush Goyal, Eurobank Chief Executive Fokion Karavias and senior executives from NPCI International.

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A Strategic Bet On India’s Digital Payments Ecosystem

According to Eleftherios Vlachogiannis, Eurobank’s head of transaction banking, the service currently supports outgoing payments by Indian citizens living in Greece to recipients in India, representing the first phase of a broader collaboration with NPCI International.

UPI is operated by NPCI International. By integrating the system into its e-banking platform and mobile app, Eurobank enables customers to make real-time transfers.

“The most important aspect is the philosophy behind the initiative,” Vlachogiannis said. “Instead of creating another closed payment system, we are integrating mature and internationally recognised payment ecosystems into the bank’s services so customers enjoy a simple, secure and modern transaction experience.”

He added: “Innovation creates value when it delivers a genuine benefit for the customer.”

Building A Financial Bridge Between Europe And India

The UPI launch follows Eurobank’s opening of a representative office in Mumbai, making it the first Greek and Cypriot bank with a physical presence in India. The bank has also expanded its presence through the India-Greece-Cyprus Business and Investment Council, a technology centre in Pune and partnerships with Indian institutions.

Vlachogiannis said India’s economic growth and closer ties with the European Union support the bank’s long-term strategy. He also pointed to progress in negotiations on the EU-India Free Trade Agreement.

Mumbai Office Serves As A Regional Business Hub

Eurobank’s Mumbai office supports businesses seeking to establish operations between India, Greece, Cyprus and the wider European market. It provides access to banking services, business networks and market support.

For Greek companies expanding into India, the bank offers international payments, foreign exchange management, trade finance and supply chain finance. Indian businesses investing in Greece, Cyprus or elsewhere in the European Union can also access financing and corporate banking services through Eurobank.

Aiming To Strengthen The India-Europe Corridor

Looking ahead, Eurobank said it will continue investing in technology, international payments, trade finance and partnerships with Indian organisations.

“Our ambition is to act not only as a banking services provider but also as a strategic partner for businesses and investors seeking to benefit from the opportunities created by this dynamic market,” Vlachogiannis said.

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