Results of the Economic and Financial Affairs Council, 20 January 2026

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The Cyprus presidency presented its work programme for the first semester of the year in the field of economic and financial affairs.

In particular, the presidency reiterated its commitment to advancing legislative work on the savings and investment union (SIU), the EU tax decluttering and simplification agenda, and making progress towards a modernised customs union, among other initiatives.

"At this critical juncture, boosting the EU’s financial autonomy and reinforcing its global economic position will be the guiding principles of the Cyprus Presidency in steering ECOFIN’s agenda. We want to create momentum towards a thriving, more competitive Europe. And let me very clear: we will work to ensure that EU support for Ukraine – including financial support - remains unwavering."
Makis Keravnos
Minister of Finance of the Republic of Cyprus

Find more information on the official website of the Council of the EU.

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