The President of the Republic of Cyprus, Nicos Christodoulides, presented the annual planning of the Cypriot government, focusing on 55 actions intended for the shipping sector in 2026. This initiative highlights the government's commitment to enhancing maritime activities, which are a vital part of the economy. The shipping sector has exhibited strong dynamics, reflected in recent statistical reports.

Over the past couple of years, the Cypriot registry has witnessed a remarkable increase of 23%, marking its most significant growth over the last 25 years. This surge showcases not only the resilience and adaptability of the sector but also an improving international reputation for Cyprus as a maritime hub. Additionally, the ship management sector has seen a 17% increase in its contribution to GDP within just one year, further underlining the sector's importance to the national economy.

The positive trajectory of the Cypriot shipping industry signifies its establishment as one of the strongest international maritime centers. The government's efforts and the outlined actions for 2026 aim to sustain this growth and reinforce the country’s commitment to developing maritime services, thereby enhancing its position on the global shipping map.