Nebius Pioneers Europe’s AI Revolution With New Data Center In Finland

by THEFUTURE.TEAM

March 31, 2026

Ambitious Expansion In The Heart Of Europe

Nebius said it plans to build a data center in Lappeenranta, Finland, with a capacity of up to 310 MW. Initial operations are expected to begin in 2027. A neocloud provider focused on AI compute, Nebius said, the project expands its infrastructure footprint in Europe. By capacity, the facility could rank among the largest in the region.

Strategic Commitment To European Growth

CEO Arkady Volozh said the company has operated in Finland for several years and continues to expand in the country. According to him, the Lappeenranta site forms part of a broader plan to secure more than 3 GW of contracted power. Across the EMEA region, contracted capacity already exceeds 750 MW, including an AI facility near Lille, France.

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Contextualizing Europe’s AI Infrastructure Race

Across Europe, investment in AI infrastructure continues to increase. Mistral AI secured $830 million in debt financing for a data center near Paris and previously outlined a €1.2 billion investment in Sweden. In the U.K., Nscale raised $2 billion at a $14.6 billion valuation and is developing data centers across Europe and the United States.

Navigating Challenges And Capitalizing On Opportunities

For large-scale data center projects, energy costs and grid access remain key constraints in Europe. Competition for power capacity and long-term supply agreements continues to increase. Headquartered in the Netherlands and listed in the United States, Nebius has secured more than 750 MW of contracted power in the EMEA region. Approval for a gigawatt-scale data center project in Missouri further expands its pipeline.

Shaping The Future Of AI Compute

As demand for AI compute grows, companies continue scaling model training and deployment infrastructure. New facilities are designed to support high-density workloads and a stable energy supply. Expansion in Lappeenranta adds to Nebius’s planned capacity as it builds infrastructure across Europe and the United States.

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Cyprus Expects More French Visitors In 2027 As Air Capacity Expands

by THEFUTURE.TEAM

September 18, 2026

Cyprus expects more French visitors in 2027 as airlines increase capacity between the two countries, Tourism Deputy Minister Kostas Koumis said after meetings with tour operators in Paris.

France, one of Cyprus’ key tourism markets, has had a difficult 2026. French arrivals fell 46% year over year to 8,453 in August, from 15,663 a year earlier, according to the Statistical Service of Cyprus (Cystat). August arrivals were also nearly 50% below the 16,798 recorded in the same month of 2024.

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Overall, Cyprus received 2.82 million tourist arrivals between January and August, down 7% from the same period in 2025.

Air Connectivity Supports 2027 Outlook

Koumis discussed the 2027 outlook with senior executives from tour operators offering Cyprus holidays during the IFTM Top Resa travel trade fair in Paris.

Higher air capacity between France and Cyprus was a key focus of the talks. Participants also discussed the impact of geopolitical tensions in the Middle East on the French market and Cyprus’ efforts to adapt its tourism offering to French travelers.

“The French market is undoubtedly an extremely important market for our country’s tourism,” Koumis said, adding that France had regained importance only a few years ago and still had room to grow.

Improved air connectivity will be an important factor in that expansion, according to Koumis. “It is now clear that air connectivity between France and Cyprus is improving significantly, which is a basic prerequisite for the further growth of the market,” he said.

Cyprus Promotes Tourism And Regional Cooperation

Koumis attended the opening of IFTM Top Resa at the invitation of French Tourism Minister Serge Papin, who later visited the Cyprus stand. Held from Sept. 15 to 17 at Paris Porte de Versailles, the event brought together more than 32,000 tourism professionals representing 177 destinations and 1,650 brands, according to organizers.

During his visit, Koumis also met Egyptian Tourism Minister Sherif Fathy. Cyprus and Egypt reaffirmed their tourism cooperation and discussed opportunities to strengthen ties further.

French media interviews covered Cyprus’ tourism offering, infrastructure and services, along with efforts to develop specialized tourism products. Regional instability weighed on arrivals in 2026, particularly during the spring, although the decline narrowed over the summer.

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