News

Keravnos: EU island and coastal strategies must move from recognition to action

Cyprus Mail · 2026-06-26

AI SUMMARY

• What happened: Finance Minister Makis Keravnos emphasized the need for the European Union's new strategies for islands and coastal communities to transition from recognition to actionable solutions during a high-level conference in Paphos. • Why it matters: These strategies aim to address the structural disadvantages faced by island and coastal regions, promoting economic and territorial cohesion within the EU while ensuring that residents can thrive in their communities. • What to watch next: Attention will be on how EU policymakers implement these strategies in the upcoming budgetary period, particularly in addressing the unique challenges faced by islands and coastal areas.

The European Commission’s new strategies for islands and coastal communities are comprehensive frameworks capable of addressing the structural disadvantages faced by island and coastal regions across the European Union, Finance Minister Makis Keravnos said on Friday. Speaking at the high-level conference on islands and coastal communities in Paphos, Keravnos said the event held particular symbolic significance for Cyprus as it marked the conclusion of the country’s presidency of the Council of the European Union. He said the two strategies represented coherent policy frameworks that recognised the challenges faced by islands and coastal communities, including small market size, dependence on transport links and the high costs associated with connectivity. At the same time, he added, they provided a practical framework for promoting policies and measures aimed at addressing the disadvantages arising from geographical isolation and strengthening the economic and territorial cohesion of the European Union. Addressing European Commission Executive Vice-President Raffaele Fitto directly, Keravnos thanked him for his cooperation and support throughout the Cyprus presidency, noting that the recognition of the island dimension had featured prominently during the informal meeting of EU cohesion ministers held in Nicosia on June 4 and 5. During that meeting, he said, ministers had stressed that Europe’s competitiveness, cohesion and security could not be achieved if some regions continued to face permanent structural obstacles that limited their development prospects and prevented them from fully benefiting from the opportunities offered by the single market. Keravnos also highlighted the importance of the European Union’s emerging ‘Right to Stay’ strategy, which seeks to ensure that citizens can remain and build their futures in the places where they were born rather than being forced to leave due to economic or social pressures. “People must be able to remain, prosper and develop in their islands and coastal communities,” he said, adding that this required equal access to infrastructure, services and connectivity, as well as local economies capable of creating quality jobs and making full use of each region’s comparative advantages. He described coastal communities as areas of exceptional natural beauty and significant economic and geopolitical importance for Europe, noting their role as pillars of the blue economy and maritime connectivity while also facing the direct impacts of climate change and environmental degradation. Referring to Fitto’s visit to remote communities in Cyprus on Thursday, Keravnos said the visit had demonstrated the reality of ageing populations, young people seeking opportunities elsewhere and local communities struggling to remain viable. “The ability of citizens to remain, prosper and develop in islands and coastal communities is directly linked to resilience, economic development and the preservation of their cultural and social identity,” he said. Keravnos added that for Cyprus the debate surrounding the Right to Stay had an additional dimension. “Cyprus has been a member state of the European Union since 2004. Nevertheless, some of its citizens are unable to live and work in the places where they were born because of the continuing Turkish invasion and military occupation,” he said. This, he argued, demonstrated that the right to remain was not only a matter of economic development or social cohesion, but also one of freedom, security, dignity and the fundamental right of people to remain in their homeland. Looking ahead to the European Union’s next budgetary period, Keravnos said policymakers must ensure that the needs of islands and coastal communities are addressed in a systematic and effective manner. He welcomed the initiatives undertaken by Fitto and Commissioner Costas Kadis, saying the new strategies recognised that islands were not on the margins of Europe but formed an integral part of the bloc’s identity, resilience, competitiveness, security and territorial cohesion. “The real challenge is not simply recognising the problems,” Keravnos said. “The real challenge is moving from vision to action, from identifying problems to implementing concrete solutions, and from general policies to targeted interventions that respond to the specific needs of each region.”

Source: Cyprus Mail
RELATED NEWS

More Stories

All News
News

CSE restores Interfund Investments shares to alternative market

• What happened: The Cyprus Stock Exchange has moved Interfund Investments Plc shares from the surveillance market back to the alternative market following the ...

News

Extreme heat weather warning issued for southern England

• What happened: The Met Office issued a rare red warning for extreme heat in southern England, predicting temperatures could reach at least 39 degrees Celsius,...

News

Square One’s Zoia brings lifestyle-led living to Limassol

• What happened: SquareOne launched Zoia, a 147-apartment residential project in Kato Polemidia, Limassol, aimed at creating a community-focused living environm...

News

On this day: United Nations Charter was officially signed in 1945

• What happened: On June 26, 1945, the United Nations Charter was officially signed in San Francisco, establishing the UN as a platform for global cooperation a...

News

Cyprus Institute helps overturn decades of thinking on how clouds form over oceans

• What happened: A study co-authored by researchers at the Cyprus Institute revealed that oceans significantly influence cloud formation, overturning previous s...

News

Ukraine hits Russian chemical plant again, reports say, in heavy overnight drone attack

• What happened: Ukraine launched a drone attack on the Azot chemical plant in Russia's Tula region for the second time in two weeks, causing damage to the...