Kouchouk described the EU as a key partner, stating that the ongoing dialogue is fruitful and highly important, particularly in light of current global challenges.
He added that Egypt is seeking to deepen economic cooperation, pointing to “significant opportunities” for European companies to expand in the Egyptian market and for bilateral trade to grow.
The finance minister said Egypt is pursuing a balanced economic approach that supports production and exports while maintaining fiscal discipline, noting that the government has adopted flexible policies to respond to evolving risks.
He also highlighted ongoing efforts to reform the tax system, aimed at encouraging voluntary compliance and broadening the taxpayer base.
For his part, Deputy Finance Minister for Fiscal Policies Yasser Sobhy said Egypt is managing global economic shocks from a stronger fiscal and economic position, supported by continued structural reforms.
Sobhy noted that performance indicators during the first nine months of the current fiscal year reflect the country’s ability to meet its targets. He added that maintaining fiscal stability is essential for expanding economic activity and achieving inclusive and sustainable growth.
He explained that broadening the economic, tax, and productive base is a key priority, alongside efforts to boost exports, noting that open markets benefit the private sector in both Egypt and Europe.
“The European Union is a key partner, and its development enhances Egypt’s growth prospects,” he said.
Meanwhile, Annika Eriksgard, deputy head of the economic and financial affairs division at the European Commission, said the EU is working to strengthen its competitiveness by promoting innovation, increasing productivity, and addressing energy challenges.
She reaffirmed that Egypt remains a key partner for the EU, welcoming recent improvements in the country’s economic performance and policies and stressing continued European support.
Eriksgard added that Egypt’s reform programme, alongside improving fiscal and economic indicators and measures to address external shocks, is highly appreciated.
Recent official and market reports show Egypt continues to grow, with projections of around 4.2 percent to 4.8–5 percent in FY2025/2026, which begins on 1 July, supported by consumption, investment, manufacturing, tourism, and telecoms.
At the same time, global uncertainty is increasing inflationary pressures, raising energy import costs, and posing risks to tourism and remittances, which are key sources of foreign currency.
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