Cyprus, Greece Want EU Maritime and Shipping Affairs Chief Named

NICOSIA – Cyprus, following Greece’s lead, is advocating for the establishment of a European Commissioner for Maritime and Shipping Affairs, starting in 2024. This sector holds great significance for both countries, yet it lacks proper oversight.

During the launch of the Sea-2023 festival in Limassol, President Nikos Christodoulides emphasized the need for the EU to recognize the importance of the shipping industry within the bloc, as reported by The Cyprus Mail.

He revealed that he has discussed this concept with other seafaring nations, including Malta, an EU member, and Iceland, a non-member with substantial economic and other ties to the 27-member bloc.

Given that a new European Commission will be appointed in 2024, Christodoulides considers it an opportune time to establish a dedicated portfolio for an industry that holds significant value for the EU.

“Its significance goes beyond the EU economy; there is also a geostrategic importance. We can observe the current developments, such as the implications arising from the Russian invasion of Ukraine, as well as the consequences of the previous coronavirus crisis. We believe that the EU, by appointing a commissioner responsible for maritime issues, will appropriately demonstrate the required importance,” he further explained.


NICOSIA - The World Bank’s International Center for Settlement of Investment Disputes (ICSID) ruled against Greek investors who lost $600 million in bonds and deposits in Cypriot banks in 2013, the funds seized on government orders to prevent their collapse.

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