OEB, PAEF, and the Ministry of Foreign Affairs signed a memorandum on April 6, 2026, to enhance cooperation in humanitarian aid and development, focusing on pharmaceutical products and international partnerships.
On April 6, 2026, the Cyprus Employers & Industrialists Federation (OEB), the Pancyprian Union of Pharmaceutical Industries (PAEF), and the Ministry of Foreign Affairs signed a Memorandum of Cooperation.
The agreement establishes a framework for collaboration between the public and private sectors, leveraging the Ministry’s diplomatic role, OEB’s institutional representation, and PAEF’s pharmaceutical expertise.
The cooperation aims to promote the provision of pharmaceutical humanitarian aid to countries affected by natural disasters or crises, and to facilitate the transfer of knowledge and best practices in pharmaceutical policy and public health.
The Memorandum also aims to enhance the international profile of the Cypriot pharmaceutical industry and support its participation in humanitarian and development initiatives.
This initiative aligns with the Sustainable Development Goals of the 2030 Agenda, emphasizing health, innovation, and international partnerships. Implementation will focus on coordinated actions, resource utilization, and measurable interventions.
OEB, as the largest employers’ organization in Cyprus, will continue to foster partnerships that combine entrepreneurship with social responsibility, promoting actions with international impact and economic and social benefits for Cyprus.
The full text of the Memorandum is attached.
