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Government Allocates Over €57,000 to Support Professional Fishers

by THEFUTURE.TEAM

December 19, 2025

Targeted Interventions Bolster Coastal Economy

The Cabinet has authorized financial support totaling more than €57,000 for professional fishers, as part of three carefully targeted interventions led by the Ministry of Agriculture, Rural Development and Environment. This initiative is designed to counteract external pressures that challenge the viability of commercial fishing, a sector integral to coastal communities and local economies.

Addressing Operational Challenges

According to the official ministry announcement, the financial assistance is intended to compensate for challenges such as restricted access to traditional fishing grounds caused by administrative limitations and NAVTEX maritime prohibitions. These constraints force fishers to venture to more distant areas, thereby incurring higher fuel expenses and suffering income losses.

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Coping With Regulatory And Infrastructural Costs

In addition to operational hurdles, the support covers extra costs arising from the mandatory use of electronic logbook systems on fishing vessels. The measures also account for long-term impacts associated with the construction and operation of extensive energy infrastructures, such as the coastal fuel loading terminal in Vasiliko. This facility has significantly limited traditional fishing zones, particularly affecting anglers in the Zygi region.

A Strategic, Compensatory Approach

The interventions are structured as compensatory measures aimed at offsetting a portion of the financial burden faced by professional fishers. By alleviating these pressures, the government ensures the continued operation of the fishing industry under increasingly stringent regulatory and economic conditions.

Compliance With European And National Standards

All financial allowances are provided under the framework of both European and national support measures recognized for their significance, ensuring that all disbursements adhere to strict oversight and procedural requirements. The funds will be disbursed to eligible recipients before the end of the current year.

The Future Forbes Realty Global Properties

Rolls-Royce Raises Guidance As Defense And Power Systems Drive Growth

Rolls-Royce raised its full-year profit and cash flow guidance after reporting stronger-than-expected first-half results, supported by growth across its civil aerospace, defense and power systems businesses.

Underlying operating profit rose 46% year on year to £2.5 billion ($3.3 billion) in the first six months of 2026, while revenue increased more than 24% to £11.3 billion.

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The company now expects full-year underlying operating profit of £4.7 billion to £4.9 billion, up from previous guidance of £4 billion to £4.2 billion. It also raised its free cash flow forecast to £3.8 billion to £4 billion, compared with £3.6 billion to £3.8 billion previously.

Shares rose as much as 6% in early trading before paring gains to trade about 4% higher.

Data Center Demand Supports Power Systems

Chief Financial Officer Helen McCabe told CNBC that orders in Rolls-Royce’s data center power business increased by more than 50% in the first half as operators invested in backup and on-site power systems.

The company has benefited from growing demand for power infrastructure as data center operators expand capacity.

Defense Spending Provides Additional Support

McCabe also said Rolls-Royce expects to benefit from higher defense spending in the U.K. and across NATO countries. She cited the U.K.’s long-term defense investment plan, which provides funding visibility through 2030 and beyond.

“We’ve had very positive initial conversations with the new government,” McCabe said, adding that the company supports its focus on growth, defense and industrial manufacturing.

Turnaround Continues

Chief Executive Tufan Erginbilgic said the company’s transformation strategy continued to deliver results. “Our transformation continues to deliver,” he said in a statement. “We have unlocked new growth opportunities across the Group.”