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Several news stories highlight Cyprus's economic activity within the European Union. The country led the EU in retail sales growth, its shipping minister promoted it as a strategic hub, and its startups are gaining recognition. Separately, EU researchers and small businesses are being offered new paths to innovation funding.
In broader EU discussions, a report by former European Central Bank President Mario Draghi argues the EU must become a 'genuine federation' to avoid economic decline. Another call was made for a stronger single market to improve the bloc's defenses.
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