Cyprus and Greece seek stronger economic diplomacy and third-market opportunities
Cyprus and Greece discussed investment, trade and joint expansion into third markets during Greek Deputy Foreign Minister Harry Theoharis’ visit to Nicosia.
Nicosia, Cyprus. Cyprus and Greece are seeking to strengthen economic diplomacy, attract investment and pursue joint business opportunities in third markets. Foreign Minister Constantinos Kombos discussed the plans with Greek Deputy Foreign Minister Harry Theoharis during talks in Nicosia.
Investment and trade focus
Theoharis, who is responsible for economic diplomacy and extroversion, visited Cyprus from September 14 to 15, according to the Greek foreign ministry. His programme focused on investment, trade and closer links between the business communities of the two countries.
Writing on his personal account after the meeting, Kombos said the two sides had focused on “strengthening economic diplomacy, investments, and joint business extroversion in third markets”.
The discussions extended beyond bilateral business ties, examining how companies from Cyprus and Greece could cooperate in markets outside the two countries.
Economic ties
Trade in goods between Cyprus and Greece reached €3.3 billion in 2025, Energy Minister Michalis Damianos told the Cyprus News Agency ahead of his meeting with Theoharis. Greece remains an important trading partner for Cyprus.
Theoharis was also scheduled to meet Damianos and Invest Cyprus chief executive Marios Tannousis, as well as Cyprus Chamber of Commerce and Industry president Stavros Stavrou and Cyprus-Greece Business Association president Joseph Joseph.
According to the official programme, the contacts aim to identify new areas of cooperation, support businesses seeking to expand abroad and create further investment and trade opportunities between Cyprus and Greece.
Strategic cooperation and EU presidency
Kombos and Theoharis reaffirmed strategic cooperation between Cyprus and Greece and exchanged views on regional developments and Greece’s presidency of the Council of the EU in 2027.
Greece will hold the rotating presidency from July to December 2027, following Lithuania. It forms part of an 18-month presidency trio with Ireland and Lithuania, under which the three countries coordinate longer-term Council priorities.
The Council of the EU states that Ireland will hold the presidency in the second half of 2026, Lithuania in the first half of 2027 and Greece in the second half of 2027.
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