Kadis highlighted increasing apprehension among EU governments as expenses escalate and markets experience instability. “There’s genuine unease across the sector."
The fisheries and aquaculture industries in Europe are undergoing increased pressure due to geopolitical conflicts and rising operational expenses, EU fisheries commissioner Costas Kadis has cautioned.
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During an appearance on Europe Today, Kadis emphasized the necessity for prompt assistance to maintain the sector’s competitiveness. “The difficulties are intensifying,” he stated, referencing the repercussions of the Middle East conflict on seafood markets, supply chains, and coastal populations.
The more urgent issue, according to him, is the financial strain on the industry. Several operators have ceased activities due to narrow profit margins and escalating fuel costs.
“Previously, profitability was minimal. Currently, absorbing additional expenses is impossible,” he remarked.
The European Commission is evaluating temporary aid through maritime funding instruments of the bloc, akin to those deployed following Russia’s invasion of Ukraine.
Kadis observed rising concern among EU administrations as costs increase and the market remains unstable. “There is significant apprehension throughout the sector,” he noted.
He called for a harmonized EU strategy and accelerated advancements in energy transition to lessen vulnerability to forthcoming crises.
“A unified European policy is essential to back the industry—and accelerating the move away from energy reliance is critical,” he added, underscoring that sustained resilience depends on minimizing exposure to external shocks.
Cyprus ‘returns to stability’ after Iran drone incident
Regarding recent security issues in Cyprus connected to the Iran conflict, Kadis reported that conditions have calmed.
“Progress is evident. No additional incidents have occurred since the initial attack, and normalcy is gradually restoring,” he confirmed.
Some events linked to the EU Council presidency were delayed amid the unrest, but Kadis anticipates regular operations resuming by April.
Watch the full interview on Europe Today live Monday to Friday 8am CET from Monday to Friday on Euronews and across all platforms