Despite Erdogan's conciliatory speech at the United Nations, Greek officials see no real change in Turkish policy and expect new confrontation over the Greece and Cyprus power cable and Ankara's "Blue Homeland" bill

Greece’s foreign minister says dialogue with Ankara remains essential while Athens prepares for potential tensions and expects work on the Greece-Cyprus electricity cable to begin in 2026

Nicosia has yet to resolve a 50 million euro payment tied to the interconnector, as French crews prepare to carry out the remaining seabed surveys between Crete and Cyprus in October

Seabed mapping, a French-backed financing push and unresolved questions from Nicosia stand between the Greece-Cyprus power link and its next construction phase, with Turkey's response still an open question

ADMIE will submit a funding request to the EIB for the Greece-Cyprus undersea cable

Greece’s power transmission operator faces urgent funding decisions as it advances €7.5 billion in domestic and international grid projects, with global investors circling and the government under pressure to act by mid-January

During their Athens talks, the two leaders emphasized closer cooperation ahead of Cyprus’s 2026 EU Council Presidency and discussed regional, energy, and bilateral priorities

Greece’s ADMIE is expected withing the next few days to secure ownership and management licenses for the Greece -Cyprus electricity interconnector, in a step both governments say is crucial to ending Cyprus’s energy isolation

Speaking to Cyprus News Agency (CNA), Calviño underlined the Bank’s willingness to back “strategic projects supported by both countries, where both governments remain committed to their development.”

A videoconference was carried out on Friday, Sept. 26, to restart talks regarding the GSI after a summer of failed meetings and public criticism from Cyprus’ Finance Minister.

Greek FM: "There is a protection plan in place, the project is of European interest, and any obstruction will have consequences at the EU level.”

Nicosia explores a potential partnership with the UAE for a €1.9 billion subsea power link connecting Europe to the eastern Mediterranean, amid ongoing delays and a new European investigation

Gerapetritis reiterated Athens’ firm support for the Great Sea Interconnector (GSI) electricity cable project.

The confirmation follows revelations made by top government officials from the Republic of Cyprus, including President Nikos Christodoulides.

The European Public Prosecutor’s Office has launched an investigation into possible criminal offenses linked to the Greece–Cyprus electricity interconnection.

The Greek government plans tax relief for the middle class at the Thessaloniki Fair, while Cyprus questions the viability of a key energy project.

Gerapetritis also said that Prime Minister Kyriakos Mitsotakis and Turkish President Recep Tayyip Erdogan may meet on the sidelines of the UN General Assembly in New York, scheduled for September 22–26.

He emphasized that Athens has already demonstrated—through maritime spatial planning, the establishment of marine parks, and the licensing of blocks south of Crete—that it defends its sovereign rights in practice, not merely in words.

RAEK committed to approving the regulated revenue mechanism that will allow funds to be collected from Cypriot electricity consumers to support the project’s financing.

The focus of the latest virtual meeting is to address concerns raised by Cyprus’s energy regulator RAEK regarding approval of the funding mechanism for the project.