Cypriot Water Security Project Among EU-Funded Innovations

by THEFUTURE.TEAM

January 24, 2025

A cutting-edge project hosted by the University of Cyprus, aimed at enhancing the security of water distribution systems, is among 134 initiatives selected for funding under the European Research Council’s 2024 Proof of Concept grants. These grants, totaling €20 million, will support innovative projects from EU member states and Horizon Europe participants.

The Cypriot project, titled WaterSAFE: An Integrated Cyber-Physical Security Solution for Water Distribution Systems, has been awarded €150,000. This funding will help bridge the gap between scientific research and practical application, advancing the development of robust solutions for water system security.

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The Proof of Concept program empowers researchers to validate the practical feasibility of their ideas, assess commercial potential, and prepare for patent applications. It plays a critical role in transitioning scientific breakthroughs into market-ready technologies.

Selected projects span a range of fields, including autonomous satellite navigation, food fraud prevention, cancer drug repurposing, and improved treatments for life-threatening diseases.

This year’s grantees represent 20 countries across Europe. Germany, Italy, and the Netherlands lead with 15 projects each, followed by Spain and the UK (14 each), and Israel (12). Cyprus secured one grant, standing alongside nations such as Croatia, Poland, and Portugal.

The WaterSAFE project’s inclusion highlights Cyprus’s growing contribution to innovative, globally relevant research initiatives.

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Cyprus Services Sector Shows Robust Performance In 2025 As Tourism, Digital Innovation, And Shipping Surge

by THEFUTURE.TEAM

April 6, 2026

The Employers and Industrialists Federation (OEV) reported growth across Cyprus’ services sector in 2025, with increases recorded in tourism, professional services and administrative activities. Data show continued expansion across multiple sub-sectors, reinforcing the role of services in economic output and employment.

Service Sector Leadership

Accommodation and food services grew by 9.5%, while administrative and support activities increased by 7.4%. Professional, scientific and technical activities rose by 4.6%, followed by information and communication at 4.3%. Transport and storage recorded growth of 2.8%, while real estate activity increased by 0.4%. These figures indicate broad-based expansion across service industries.

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A Remarkable Tourism Surge

Tourist arrivals reached 4,534,073 in 2025, marking a 12.2% increase year-on-year. December arrivals totaled 156,959, up 18% compared with the same period a year earlier. Tourism continues to support revenue generation and seasonal demand across the economy. Growth in visitor numbers contributes to activity in hospitality and related sectors.

Driving Digital Transformation

OEV is supporting digital adoption through initiatives such as the DiGiNN Cyprus Digital Innovation Hub. The program focuses on improving business processes, skills development and technology integration. Additional efforts include the establishment of a Digital Transformation and Innovation Committee and international engagement through business missions. These actions support the adoption of digital tools across sectors.

Resilient Shipping Sector

Shipping accounted for about 7% of Cyprus’s GDP in 2025, remaining a key component of the economy. The Cyprus Registry recorded its highest tonnage in 20 years, with an increase of nearly 20%. Fleet growth strengthens Cyprus’ position within European Union shipping registries and global maritime markets. The sector continues to contribute to economic stability.

Strengthening The Economic Foundation

OEV is organizing conferences, workshops and exhibitions to support business development across sectors. These initiatives focus on improving operational practices and industry collaboration. Continued investment in services and digital infrastructure is expected to support economic performance.

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