Challenges in Cyprus-Greece relations over electrical interconnection funding
September 3, 2025
The relations between Cyprus and Greece are under strain due to Finance Minister Keravnos's refusal to approve the release of €25 million for the electrical interconnection project. His statements express doubts about the project's viability, despite funding being outlined in a 2024 agreement. The Cypriot government is concerned about delays in marine research that could affect the interconnection's functionality. The Greek Deputy Prime Minister stated that the project is of strategic importance at the European level and not just a national initiative. This crisis raises concerns among Cypriot consumers regarding energy supplies.