Nicosia:The resumption of substantive negotiations on the Cyprus issue is deemed a crucial step forward, according to Foreign Minister Constantinos Kombos, who spoke on Monday. He emphasized the importance of building on the groundwork laid in Crans-Montana, expressing optimism for positive developments from the day's scheduled discussions.

According to Cyprus News Agency, Kombos addressed The Economist's 22nd Annual Cyprus Summit in Nicosia, highlighting the significance of achieving favorable outcomes from the ongoing talks. He stressed that negotiations would not begin from scratch but would adhere to the prerequisites established by the UN Security Council concerning the Cyprus problem. Kombos conveyed hope for promising news, noting the Cypriot government's positive approach while recognizing the necessity of other parties' involvement.

In his keynote speech titled 'Strategic Dependencies in a Changing World Order The Case of Cyprus,' Kombos argued against small states pursuing unrealistic self-sufficiency. Instead, he advocated for strategic dependencies that align with Cyprus' EU membership and relationships with regional and Western partners. He emphasized the importance of building trustworthy, long-term partnerships and maintaining Cyprus as a credible and reliable partner.

Kombos addressed various geopolitical crises, including those in Iran and Ukraine, and their effects on security and trade. He also highlighted Cyprus' resilience amidst the Turkish occupation and the potential unlocked by resolving the Cyprus problem. Additionally, he discussed Cyprus' economic strengths, focusing on the maritime sector and fintech industry, which constitutes a significant portion of the economy.

On regional energy cooperation, Kombos outlined the goal to commercialize Cyprus' natural gas discoveries and participate in emerging energy networks. He mentioned the India-Middle East-Europe Economic Corridor and Cyprus' potential role within it. The 3+1 energy ministerial meeting in Houston was also cited as part of efforts to enhance regional energy collaboration.

Looking ahead, Kombos stressed the importance of adapting to geopolitical changes and translating strategic partnerships into tangible results. He highlighted the need for Cyprus to remain resilient and capitalize on opportunities in energy, technology, and investment.