Key Discussions On Cyprus Begin Today In Geneva Under UN Aegis

by News Editor

March 17, 2025

The stage is set in Geneva for the Informal Meeting on Cyprus, scheduled to start today under the aegis of the United Nations. This key dialogue aims to explore pathways for resolving the Cyprus issue, with President Nikos Christodoulides representing the Greek Cypriot side, striving for a continuation of talks from Crans Montana in 2017.

Arriving Sunday evening, the Cyprus delegation, including pivotal political figures such as former President Nicos Anastasiades and leaders from major Cypriot political parties, joins the Geneva discussions. The event will kick off with a dinner hosted by the UN Secretary-General.

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Meanwhile, the Turkish Cypriot delegation, led by Ersin Tatar, is prepared to present scenarios focused on inter-state cooperation based on sovereign equality.

Tomorrow, the dialogue continues with bilateral meetings between UN Secretary-General António Guterres and each side, followed by a plenary session at the Palais des Nations.

The international community, including Greece, Turkey, and the UK delegations, is keenly watching this discourse, with hopes of steering towards a breakthrough solution, reflecting on past meetings, such as the one previously held in Geneva in April 2021. Cyprus’ complex political landscape, stemming from its division since 1974, continues to unfold in these international negotiations.

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Cyprus Construction Price Index Rises Amid Cost Pressures

by THEFUTURE.TEAM

February 19, 2026

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.

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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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