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Cyprus’ Industrial Output Prices Decline By 1.9% In 2024 Amid Sectoral Shifts

by THEFUTURE.TEAM

February 3, 2025

Industrial production costs in Cyprus saw a 1.9% decline in 2024 compared to the previous year, according to the Cyprus Statistical Service (CyStat). The latest data reflects a broader economic trend of stabilizing prices across key sectors, despite fluctuations in specific industries.

The Index of Industrial Output Prices for December 2024 stood at 122.3 units (base 2021=100), marking a 0.1% month-on-month increase from November. However, on an annual basis, the index recorded a 1.5% drop compared to December 2023.

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Sectoral Performance: Stability And Declines

Electricity supply saw the sharpest decline, with prices plunging 10.5% year-on-year.
Mining and quarrying posted a 0.7% increase, while manufacturing rose by 0.9%.
Water supply and materials recovery remained stable year-over-year but recorded a 0.3% monthly increase in December.

Manufacturing Trends: Growth In High-Tech And Consumer Goods

Despite the overall decline in industrial prices, several manufacturing divisions experienced growth:

Furniture, electronics, and textiles saw notable increases, with the manufacture of furniture, other manufacturing, and machinery repair rising by 4.7%.
Electronic and optical products grew by 4.3%, while paper and printing increased by 3.5%.
Pharmaceuticals and chemicals saw a 2.0% uptick, reinforcing the strength of Cyprus’ chemical production sector.

Conversely, declines were observed in:

Rubber and plastic products (-0.6%)
Basic metals and fabricated metal products (-0.6%)
Other non-metallic mineral products (-0.1%)

Looking Ahead: Economic Implications

The drop in industrial output prices suggests lower production costs for businesses, potentially easing inflationary pressures. However, sector-specific gains—particularly in manufacturing, technology, and pharmaceuticals—signal resilience in high-value industries. The continued decline in electricity prices could further impact industrial production costs, shaping economic conditions in 2025.

With Cyprus’ industrial landscape evolving, businesses will need to adapt to shifting cost structures and market dynamics to remain competitive in the coming year.

The Future Forbes Realty Global Properties

Elevating Infant Nutrition: Nara Organics Unveils Premium Organic Formula

by THEFUTURE.TEAM

July 30, 2025

The Origins Of A Vision

When Esther Hallam welcomed her daughter Nara into the world, she immediately confronted a formidable challenge: identifying a trustworthy, high-quality organic infant formula. In a U.S. market dominated by cost-cutting practices—such as the use of skim milk supplemented with oils to meet nutritional standards—Hallam observed a disconnect between established availability and uncompromised quality. Research linking corn syrup to obesity and palm oil to reduced calcium absorption only reinforced her resolve to seek a safer alternative.

Redefining Industry Standards

Frustrated by the limitations of existing options, Hallam devoted seven years to developing an organic, whole-milk formula with the expertise of leading scientists and pediatric nutritionists. Nara Organics distinguishes itself by offering the highest percentage of milk fat of any formula on the U.S. market and a significantly reduced reliance on plant-based oils. The carefully selected blend of organic sunflower, coconut, and rapeseed oils not only meets nutritional needs but also minimizes potential health risks inherent to additives like palm oil, soy, and corn syrup.

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Manufacturing Excellence In Germany

Rather than manufacturing domestically—a decision influenced by previous concerns over Cronobacter contamination in American facilities—Nara Organics leverages the advanced, oxygen-controlled production environment of a German facility, widely regarded as the birthplace of powdered infant formula. Chief Marketing Officer Meika Hollender detailed that their unique manufacturing process, which minimizes oxygen exposure during can sealing, substantially extends shelf life and preserves formula integrity, setting a new standard in infant nutrition.

Strategic Investment And Market Impact

Backed by $32 million from prominent investors including AlleyCorp, BBG Ventures, Corazon Ventures, Gingerbread Capital, and Torch Capital, Nara Organics has also garnered support from high-profile celebrity investors such as Serena Williams, Gina Rodriguez, and Nicky Hilton. This robust investment positions the company at the vanguard of an organic infant formula market projected to grow from $20.7 billion in 2023 to $37 billion by 2032.

Enhancing Consumer Accessibility And Community Commitment

Nara Organics is available for purchase directly via its website, subscription models, and a dedicated mobile app that assists parents in tracking essential aspects of infant care. To underscore its commitment to community well-being, the company is donating over 1,400 cans of formula to the Good+ Foundation, which strives to alleviate multi-generational poverty by providing essential services to under-resourced families.

By merging state-of-the-art production with a commitment to organic, high-quality ingredients, Nara Organics is poised to redefine the benchmarks of infant nutrition in a competitive, evolving market.