Chief Scientist discusses collaboration with UAE in innovation and technology

by THEFUTURE.TEAM

September 16, 2024

Chief Scientist for Research, Innovation, and Technology Demetris Skourides attended a meeting at the Dubai Chamber recently, where the foundations were laid for collaboration, particularly in the areas of innovation and technology.

Skourides met with Hans Larsen from the Dubai Chamber of Digital Economy and George Partasides, Commercial Counsellor of the Cyprus Trade Centre in the UAE.

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The meeting laid the foundations for exciting collaborations, particularly in the areas of innovation and technology, according to a post on the Cyprus Trade Centre in Dubai’s LinkedIn page. “We discussed the upcoming participation of leading Cypriot companies at GITEX GLOBAL 2024 (October 14-18) in Dubai, where they will showcase their cutting-edge solutions, digital services and IT applications at Cyprus national pavilion,” it added.

“Together, we are opening new doors for Cypriot businesses to expand into the UAE and vice versa since Cyprus has a high-level success to European Funds.”

Cyprus is positioning itself as a gateway for research and innovation, which in turn provides UAE companies with seamless access to Europe’s dynamic digital ecosystem. “Through initiatives like the Cyprus Innovation Initiative, we aim to create mutual value by connecting our vibrant ecosystems, strengthening Cyprus’ presence on the global digital map,” the post said.

Following the success of this meeting and the fruitful exchange of ideas, the aim is to arrange further engagements, including a meeting with a high level UAE delegation and the Cyprus delegation during Expand North Star/GITEX in October.

“Looking forward to continuing this journey of deeper collaboration between our countries, where Cyprus can serve as a crucial link for the UAE to Europe,” the post concluded.

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EU Farm Output Prices Decline For The First Time In Nine Months

by THEFUTURE.TEAM

March 12, 2026

EU Market Adjustments Signal New Price Trends

Agricultural output prices across the European Union declined in the fourth quarter of 2025, marking a shift after several quarters of increases. Data from Eurostat shows that farm gate prices fell by 1.9% compared with the same period in 2024.

Crisis of Declining Prices In Select Markets

Cyprus recorded one of the more notable decreases in agricultural input costs among EU member states, with prices falling by 2.6% compared with Q4 2024. The reduction eased cost pressures for the local agricultural sector following periods of higher prices earlier in 2025. Across the EU, prices for goods and services consumed in agriculture remained relatively stable. Non-investment inputs such as energy, fertilisers and feedingstuffs showed limited overall changes during the quarter.

Country-Specific Divergence In Price Movements

Eurostat data highlights considerable variation across member states. Fifteen EU countries recorded declines in agricultural output prices. Belgium registered the largest decrease at 12.9%, followed by Lithuania (8.2%) and Germany (6.0%). At the same time, twelve countries reported increases in output prices. Ireland recorded the strongest rise at 6.8%, followed by Slovenia (5.6%) and Malta (4.2%).

Stability In Agricultural Inputs Amid Commodity Shifts

Agricultural input prices also showed mixed developments. Eleven member states recorded declines, including Cyprus (2.6%), Belgium (2.1%) and Sweden (2.0%). Other countries experienced moderate increases, including Lithuania (4.2%), Ireland (3.3%) and Romania (2.5%). Among major agricultural commodities, milk prices declined by 4.1% while cereal prices fell by 8.9% across the EU. In contrast, fertilisers and soil improvers increased by 7.9%, reflecting continued volatility in input markets.

Outlook For EU Agriculture

The latest Eurostat data points to uneven price developments across the EU agricultural sector. While input prices remained broadly stable in many markets, movements in output prices varied significantly between member states. These trends highlight the need for farmers and policymakers to adapt to shifting commodity prices and changing cost structures across the European agricultural market.

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