Cyprus Business Now: steel industry, state employment, Royal Caribbean Group

The Cyprus Presidency of the Council of the EU and the European Parliament reached a provisional agreement on a new regulation aimed at addressing the impact of global steel overcapacity on the European market.

The agreement, finalised late on Monday, introduces an updated framework designed to protect the EU steel sector from trade diversion and excess supply, while  ensuring compliance with international trade obligations and maintaining flexibility for businesses , including downstream industries.

The new regulation will replace