Cypriot finance minister and German ambassador discuss economic and security challenges

On October 29, 2026, the Cypriot Minister of Finance, Makis Keravnos, held a formal meeting at the Ministry of Finance in Nicosia with the German Ambassador to Cyprus, Dr. Hans–Peter Jugel. The discussion focused on strengthening bilateral relations between Cyprus and Germany and enhancing cooperation within the framework of the European Union.

The meeting addressed significant challenges currently affecting the future of the European Union. Key topics included security and defense, specifically in the context of ongoing geopolitical developments and the war in Ukraine. The participants also prioritized discussions on the green transition, the fight against climate change, energy security, the digital transformation, and the overall competitiveness of the European economy.

Both representatives acknowledged that the current international environment is characterized by significant economic uncertainty and geopolitical instability. They emphasized the necessity for unified action by EU member states through institutional decision-making processes to address these multifaceted challenges effectively.