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The Strategic Significance Of Greece And Cyprus In Global Trade: A Closer Look At Their Role In the IMEC Corridor

by News Editor
March 25, 2025

The prominence of Greece and Cyprus as linchpins in global trade and diplomacy has been accentuated by U.S. President Donald Trump, who shared insights regarding their integral role in the proposed India-Middle East–Europe Economic Corridor (IMEC).

A Continental Connector

During a recent panel discussion at the Delphi Forum in Washington, D.C., hosted by the Hellenic American Leadership Council, Greek Deputy Foreign Minister Alexandra Papadopoulou highlighted the geographical positioning of Greece and Cyprus, stating that they act as natural gateways between Europe and the Middle East. She termed this strategic situation as an opportunity not to be missed.

The ‘Glue’ of Global Stability

Greek and Cypriot leaders compared the IMEC to China’s Belt and Road Initiative. They emphasized the potential of this corridor to reshape international trade, positioning these nations as crucial in binding economic openness with political reliability.

Cyprus’s Unique Role

Cyprus’s position was further elaborated by Nicholas Ioannides, Cyprus Deputy Minister of Migration, emphasizing the Abraham Accords as a critical diplomatic success. He reiterated Cyprus’s strategic importance as the EU’s southeasternmost nation and a key U.S. and Israeli partner.

According to Trump, this strategic corridor underscores continuing U.S. interest in leveraging the geopolitical advantages offered by Greece and Cyprus, which could significantly inform international policy directions, especially surrounding economic and diplomatic pursuits.

A Shift in Shopping Habits: 76% of Cypriots Embrace Online Shopping

by News Editor
June 2, 2025
In an era heavily leaning towards the digital, Cyprus has marked a pivotal milestone with 76% of its citizens now engaging in online shopping, as revealed in the latest survey by the Office of the Commissioner of Electronic Communications & Postal Regulation (OCECPR).

The study shows not only an increase in the number of online shoppers, but also a rise in the frequency of purchases, from an average of 1.2 times per month in 2022 to 2.0 in 2025.

The survey collected feedback from over 1,500 participants, consisting of both citizens and small businesses, illustrating a nuanced shift in postal usage. Interestingly, while 95% of individuals still prefer Cyprus Post, this figure drops drastically for businesses, with just 28% relying on it, as they increasingly opt for private services.

Postal Patterns and Parcel Preferences

The report highlights a fascinating turnaround in postal habits. The number of letters received and sent has climbed since 2023, countering years of decline. Parcel deliveries have seen a similar uptick, with 71% of businesses reporting higher parcel over letter shipments and anticipating continued growth.

This aligns with global trends where businesses adapt to consumer demands for efficient logistics.

Decision Factors: Beyond Cost

Although citizens deem postal service costs reasonable, they largely base their choices on quality, location, and user experience. Businesses, on the other hand, prioritize quick service, competitive rates, extensive networks, and reliable tracking systems.

As the digital realm continues to evolve, it’s worthwhile considering the broader technological landscape and its implications.

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