Ministerial Council Approves Up To €1.515 Million In Grants For Weather-Affected Farmers

by THEFUTURE.TEAM

September 23, 2025

The Ministerial Council has sanctioned grants totaling up to €1.515 million for farmers impacted by adverse weather conditions during the 2024/2025 growing season. This decision, taken on September 17 following a proposal from the Ministry of Agriculture, Rural Development and Environment, represents a significant step toward supporting the agricultural sector in challenging times.

Targeted Support For Key Crops

The approved support covers a range of crops including olives, avocados, bananas, artichokes, winter potatoes, citrus fruits, and peppers. In addition, a separate allocation will provide exceptional support to potato growers affected by the CORAL weather phenomenon. This targeted funding underscores the government’s commitment to both immediate relief and the long-term viability of the primary sector.

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Accelerated Payment Schedule

Unlike previous years, when payments were made in December, the new disbursement schedule is set to roll out in phases starting within the next few days and will be fully completed by the end of October 2025. This acceleration is aimed at offering timely relief to those impacted by the extreme weather conditions.

Funding Mechanisms And Future Considerations

The financial support will be distributed through the National Funding Framework for losses from adverse climatic phenomena and, where applicable, under Regulation (EU) 1408/2013 for de minimis support. The Ministry stated, “The objective is to provide tangible support to farmers, thereby contributing to the stabilization and sustainability of the primary sector.”

With this approval, the current cycle of payments for the specified crops and losses is now complete. Any further damages incurred during the year will be evaluated independently through risk management initiatives executed by the Agricultural Production Insurance Fund.

Further Information For Stakeholders

The Ministry invites stakeholders to seek additional information by contacting the Risk Management Department of the Agriculture Sector at 22408540 or by visiting the local Regional Agricultural Offices.

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ECB Raises Deposit Facility Rate For First Time In Nearly Two Years

by THEFUTURE.TEAM

June 15, 2026

Economic Shift: ECB Reverses Years Of Declining Rates

The European Central Bank (ECB) confirmed its first interest rate increase in nearly two years, raising the deposit facility rate in response to inflationary pressures and geopolitical uncertainty. Marking a shift in monetary policy, the move follows a period of rate cuts aimed at supporting economic activity and easing financing conditions.

Reevaluation Of Bank Liquidity Strategies

Although the immediate impact will be felt by only part of the borrowing market, the decision carries broader implications for banks. During the period of lower rates, banks maintained significant amounts of excess liquidity with the ECB as returns on these funds declined alongside deposit rates. With the deposit facility rate increasing by 0.25 percentage points to 2.25% from 2.00%, returns on surplus liquidity are expected to improve.

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Higher interest rates, however, could also increase borrowing costs and influence lending conditions across the banking sector.

Transitioning Investment Approaches And Market Dynamics

Banks had already begun diversifying the use of excess liquidity through investments in bonds and by expanding lending activities.

Successive reductions in the deposit facility rate from 3.00% at the end of 2024 through four consecutive cuts in early 2025 reflected a more accommodative policy stance as inflation pressures moderated.

Sectoral Impact And Future Outlook

Data from the ECB’s 2025 monetary policy report show that liquidity in the Cypriot banking system declined from €19.2 billion at the end of 2024 to €18.6 billion by the close of 2025. Despite the reduction, liquidity levels remained elevated. Outstanding loans increased from €27.6 billion to €31.7 billion, while deposits recorded a slight decline. Customer deposits continued to account for the vast majority of funding. By the fourth quarter of 2025, they represented 95% of total liabilities, highlighting their importance as the banking sector’s primary source of financing.

Changes in ECB rates are expected to influence how banks manage liquidity and allocate capital as monetary conditions evolve.

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