Minister of Energy, Trade and Industry, Michalis Damianos and Greece’s Deputy Minister of Foreign Affairs for Economic Diplomacy and Extroversion, Haris Theoharis, discussed on Monday ways to further strengthen the already close economic and trade relations between the two countries.
According to a press release by the Ministry of Energy, during the meeting held in Nicosia, they discussed about opportunities for further developing cooperation between Cypriot and Greek businesses.
This cooperation is already supported through business delegations, trade fairs, and direct contacts between enterprises from the two countries, the announcement noted.
They also exchanged views on matters regarding the European Union's common trade policy, as well as on broader issues of regional economic cooperation.
According to the press release, Greece is Cyprus' most important trading partner for imports of products and the sixth most important market for its domestic exports.
The preliminary data show that the total trade in goods between the two countries amounted to €3.3 billion in 2025. Domestic exports of Cypriot products to Greece reached €163 million, recording an increase of 12.3%.
Finally, Cyprus' service exports to Greece exceeded €1 billion.
