Greece’s Leap Into The Future With A €41 Million Supercomputer Initiative

by News Editor

March 24, 2025

In a major development, Greece is stepping into the global arena of high-performance computing with the launch of its state-of-the-art supercomputer, named Daedalus. The intricate project, entrusted to HP Hellas, is set to bring a remarkable transformation to the country’s digital landscape at a cost of €41 million.

The unveiling of this computational behemoth, orchestrated by Greece’s Ministry of Digital Governance, will take place at Lavrio’s Technological Cultural Park. This move is a pivotal step for Greece, not only enhancing its research capabilities but also firmly positioning it among the world’s foremost scientific hubs.

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Why Daedalus Is A Game Changer

The deployment of Daedalus is driven by a growing demand for advanced computational power to handle vast data for scientific and industrial applications. Greek scientists and researchers, alongside their European counterparts, stand to benefit significantly from this upgrade in technological prowess.

Designed to enhance Greece’s competitive edge, Daedalus will be instrumental in powering AI-driven applications, expected to tackle complex scientific simulations that ordinary computing systems simply cannot manage.

Unmatched Performance And Sustainability

Projected to exceed 60 Petaflops, Daedalus not only outpaces its predecessor ARIS but also ranks among the world’s top 30 supercomputers, according to TOP500 and GREEN500 listings. This leap in power complements its eco-friendly design, incorporating renewable energy systems to keep operations sustainable and minimize environmental impact.

Set up in a historically significant site, the “Former Electric Station” building, this vast 1,500 square meter facility represents not just a technological triumph but a marriage of heritage and innovation.

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Cyprus Hits Historic Tourism Peak As Overtourism Risks Mount

by THEFUTURE.TEAM

February 13, 2026

Record-Breaking Performance In Tourism

Cyprus’ tourism sector achieved unprecedented success in 2025 with record-breaking arrivals and revenues. According to Eurobank analyst Konstantinos Vrachimis, the island’s performance was underpinned by solid real income growth and enhanced market diversification.

Robust Growth In Arrivals And Revenues

Total tourist arrivals reached 4.5 million in 2025, rising 12.2% from 4 million in 2024, with momentum sustained through the final quarter. Tourism receipts for the January–November period climbed to €3.6 billion, marking a 15.3% year-on-year increase that exceeded inflation. The improvement was not driven by volume alone. Average expenditure per visitor increased by 4.6%, while daily spending rose by 9.2%, indicating stronger purchasing power and higher-value tourism activity.

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Economic Impact And Diversification Of Source Markets

The stronger performance translated into tangible gains for the broader services economy, lifting real tourism-related income and overall sector turnover. Demand patterns are also shifting. While the United Kingdom remains Cyprus’ largest source market, its relative share has moderated as arrivals from Israel, Germany, Italy, the Czech Republic, the Netherlands, Austria, and Poland have expanded. This gradual diversification reduces dependency on a single market and strengthens resilience against external shocks.

Enhanced Air Connectivity And Seasonal Dynamics

Air connectivity has improved markedly in 2025, with flight volumes expanding substantially compared to 2019. This expansion is driven by increased airline capacity, enhanced route coverage, and more frequent flights, supporting demand during shoulder seasons and reducing overreliance on peak-month flows. Seasonal patterns remain prominent, with arrivals building through the spring and peaking in summer, thereby bolstering employment, fiscal receipts, and corporate earnings across hospitality, transport, and retail sectors.

Structural Risks And Future Considerations

Despite strong headline figures, structural challenges remain. The European Commission’s EU Tourism Dashboard highlights tourism intensity, seasonality, and market concentration as key risk indicators. Cyprus records a high ratio of overnight stays relative to its resident population, signalling potential overtourism pressures. Continued reliance on a limited group of origin markets also exposes the sector to geopolitical uncertainty and sudden demand swings. Seasonal peaks place additional strain on infrastructure, housing availability, labour supply, and natural resources, particularly water.

Strategic Investment And Market Resilience

Vrachimis concludes that sustained growth will depend on targeted investment, product upgrading, and continued market diversification. Strengthening year-round offerings, improving infrastructure capacity, and promoting higher-value experiences can help balance demand while preserving long-term competitiveness. These measures are essential not only to manage overtourism risks but also to ensure tourism remains a stable pillar of Cyprus’ economic development.

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