Cypriot Finance Minister meets with German Ambassador to discuss economic stability

On October 29, 2026, the Cypriot Minister of Finance, Makis Keravnos, held an official meeting with the German Ambassador to Cyprus, Dr. Hans-Peter Jugel, at the Ministry of Finance in Nicosia. The primary focus of the discussion was to strengthen bilateral relations between Cyprus and Germany while addressing broader challenges within the European Union.

The participants deliberated on critical issues such as international economic uncertainty, energy security, and the overall competitiveness of the European economy. A significant portion of the conversation was dedicated to the geopolitical impact of the war in Ukraine and its implications for EU security and defense. Additionally, both sides examined strategies regarding the green transition, efforts to combat climate change, and the ongoing digital transformation of their economies.

Minister Keravnos and Ambassador Jugel reached a consensus that current global geopolitical and economic developments have created substantial instability. They emphasized that addressing these challenges requires coordinated action and collaborative decision-making among EU member states within the framework of union institutions.