cohesion ministers — cohesion ministers — An informal meeting of European Union ministers responsible for Cohesion Policy is taking place in Nicosia as part of Cyprus’ 2026 Presidency of the Council of the EU. The meeting, chaired by Finance Minister Makis Keravnos, brings together delegations from all 27 EU member states and other key organisations.
Cohesion ministers: Engagement from Key EU Representatives
The European Commission is represented by Executive Vice-President and Commissioner for Cohesion and Reforms, Raffaele Fitto. Alongside member states, representatives from the European Free Trade Association countries, the European Parliament, the Council’s General Secretariat, the European Court of Auditors, the European Investment Bank, the European Committee of the Regions, and the European Economic and Social Committee are present.
Focus on Growth and Employment
During the first session of the meeting, ministers are expected to exchange views on the pivotal role of Cohesion Policy in generating opportunities, enhancing growth prospects, and fostering employment. The discussions aim to enable citizens to remain and build their futures in their home regions.
Addressing Challenges in Island Regions
The second session will delve into the specific challenges faced by island regions and how these can be addressed through EU policies, particularly Cohesion Policy. This focus is timely, with the forthcoming EU Strategy for Islands scheduled for presentation on June 26 during a high-level meeting in Paphos.
The Importance of the Island Dimension
According to the Cyprus Presidency Secretariat, the island dimension holds particular significance for Cyprus, being an island member state on the periphery of the European Union. The discussions at the meeting will explore strategies and solutions tailored for island regions.
The Role of Cohesion Policy in Cyprus
Cohesion Policy stands as the EU’s primary long-term investment strategy and has significantly influenced Cyprus’ development since the nation joined the bloc. Public investments supported by cohesion funds have totalled approximately €4 billion, financing crucial infrastructure projects, business support schemes, research and innovation initiatives, employment programmes, and various social actions.
Economic Impact of Cohesion Investments
A study on the economic impact of Cohesion Policy revealed that investments between 2014 and 2022 contributed to a 6 per cent increase in Cyprus’ gross domestic product and led to the creation of around 24,000 new jobs. This highlights the effectiveness of cohesive measures in stimulating economic growth.
Thaleia Programme for Public Investment
Currently, Cohesion Policy in Cyprus is implemented through the Thaleia 2021-2027 programme, which encompasses more than €1.8 billion in public investment across a diverse array of economic and social sectors. This programme aims to further enhance the well-being and economic stability of the region.
Looking Ahead: Future Strategies for Cohesion
As the meeting progresses, the insights gained from the discussions will be crucial in shaping future strategies related to Cohesion Policy, especially regarding how it can best serve island regions. The forthcoming EU Strategy for Islands is anticipated to play a vital role in this regard, ensuring that island communities are not left behind in the EU’s development agenda.
