Breaking news

Cyprus Charts Bold Course Toward Energy Independence Amid Global Uncertainty

Cyprus is planning energy reforms aimed at reducing reliance on imported fossil fuels. Michalis Damianos, Minister of Energy, said energy independence is key to maintaining economic stability.

Prioritizing Energy Security In A Volatile Global Landscape

Damianos said energy security remains a national priority, speaking at the 16th Nicosia Economic Congress. Recent developments in the Middle East, including disruptions in the Strait of Hormuz and tensions involving Iran, have affected global oil and LNG markets. Rising energy costs are already impacting household spending.

Investing Strategically In Energy Infrastructure

Government plans focus on three main areas, including the completion of LNG import infrastructure. Officials said the project could reduce emissions by 25–30% and lower costs linked to emissions allowances. Energy storage projects are also under development under the Transmission System Operator to support grid stability and increase the share of renewable energy.

Modernizing The Grid For A Sustainable Future

Projects include the Great Sea Interconnector and the rollout of smart grid systems, including smart meters. Authorities plan to relaunch a home energy upgrade scheme in 2026 and introduce new grant programs for businesses to support energy efficiency and investment.

Immediate Relief And Long-Term Economic Benefits

The government has reduced excise duties on motor fuels and lowered VAT on electricity to address short-term cost pressures. From 2027, energy consumption is expected to decline by 1.9% annually under national targets. Damianos said businesses should use available investment tools, including the One-Stop-Shop framework.

Cyprus’s Strategic Energy Policies

Energy policy focuses on reducing import dependence and limiting exposure to external price shocks. Officials said current measures are intended to support long-term stability in the energy sector.

Only 1% Of Cyprus Farms Use Precision Farming Technologies

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.

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.

Uol
The Future Forbes Realty Global Properties
eCredo
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter