Cyprus Elevates Its Global Business Hub With Industry Support

Constructive Dialogue With National Leadership

Cyprus held a meeting between government officials and Cyprus International Business Association to discuss the country’s position as an international business and investment hub. President Nikos Christodoulides met with representatives of the association to review current conditions for foreign businesses.

Partnership For Enhanced Competitiveness

Discussions focused on operational challenges and opportunities for international companies in Cyprus. CIBA President Vasilis Demetriades said the association supports government measures aimed at strengthening the business environment. He added that member companies contribute to promoting Cyprus as a business destination.

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Fostering Coordination And Advancing Digital Transformation

Topics included regulatory changes, public sector digitalisation, and approaches to increasing foreign direct investment. Participants also discussed coordination between state bodies, including Invest Cyprus, and the private sector to support international business activity.

Building Bridges For Future Growth

During the meeting, Christodoulides said continued dialogue with the business community is needed to attract new investment and retain existing companies. He noted that input from CIBA could be used in shaping future policy measures.

An Annual Strategic Report

CIBA plans to submit an annual report to the presidency outlining sector challenges and proposed policy changes. The report is intended to support ongoing policy development related to international business activity in Cyprus.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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