**Employers Federation Praises Cyprus’ EU Presidency, Calls for Reforms**
The Cyprus Employers and Industrialists Federation (Oev) issued a statement on Tuesday expressing its approval of the outcomes from Cyprus’ recent six-month Presidency of the Council of the European Union. The federation highlighted that the presidency not only improved Cyprus’ international standing but also raised expectations for expedited reforms aimed at enhancing the domestic business climate.
In its statement, Oev acknowledged the challenging context in which Cyprus conducted its presidency, noting the heightened geopolitical instability and various economic challenges that have marked recent times. The federation commended the Republic of Cyprus for addressing its responsibilities with seriousness, competence, and effectiveness throughout this period.
“Oev congratulates the President of the Republic for the well-organised and effective management of the presidency, as well as all state and public service officials who contributed to this national success,” the federation remarked. This recognition underscores the collaborative efforts of various stakeholders in navigating the complexities associated with the EU presidency.
During its term, Cyprus made progress on several critical European policy files, particularly those impacting the competitiveness of the European economy. Key areas of focus included the strengthening of the Single Market, issues surrounding enlargement, migration, and matters of defence and security. Oev emphasized that these developments are intrinsically linked to the necessity for reduced administrative burdens, more predictable regulations, and an overall better-functioning Single Market, which are essential for enhancing business competitiveness.
Despite the positive strides made at the policy level, Oev expressed concern that businesses have yet to see significant improvements in practical terms. The federation urged European institutions to accelerate the implementation of reforms that have been developed in collaboration with the European business community's leadership. This call reflects a desire for tangible outcomes that can directly benefit businesses operating within Cyprus and across the EU.
Furthermore, Oev reiterated its commitment to fostering an agenda centered on growth and prosperity. This commitment is rooted in the strategic roadmap titled ‘From Ambition to Action,’ which was approved during the federation's annual general assembly on April 28, 2026. The roadmap outlines a framework for advancing reforms that will bolster Cyprus’ long-term economic competitiveness and improve the overall business environment.
In conclusion, while the Cyprus Employers and Industrialists Federation applauds the achievements of Cyprus’ EU presidency, it remains focused on advocating for necessary reforms that will translate policy advancements into real-world benefits for businesses. The federation’s proactive stance indicates a willingness to collaborate with government and European institutions to ensure that the progress made during Cyprus’ presidency leads to sustainable improvements in the business landscape.