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Cyprus Allocates €1.55 Billion in Development Expenditure for 2025

by THEFUTURE.TEAM

September 23, 2024

The government of Cyprus has outlined its development spending plans for 2025, allocating €1.55 billion to a range of projects aimed at fostering economic growth and improving infrastructure across the island. These expenditures form part of the state budget and represent a strategic investment in key sectors, including transportation, digital transformation, and social services, designed to enhance Cyprus’ long-term economic competitiveness.

This planned development expenditure marks a critical step in the government’s commitment to modernising the country’s infrastructure, supporting sustainable growth, and addressing both current and future economic challenges. The distribution of these funds will be crucial for driving development across multiple sectors and ensuring that Cyprus remains resilient in a rapidly changing global economy.

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Transportation and Infrastructure Upgrades

A significant portion of the allocated €1.55 billion will go towards major infrastructure projects, particularly in transportation. Investments in road networks, ports, and airports are expected to improve the efficiency of both domestic and international travel, which is vital for an island economy heavily reliant on tourism and trade.

Enhancing the country’s transportation infrastructure will not only boost accessibility and connectivity but also help reduce traffic congestion and improve safety on the roads. With the government aiming to promote greener alternatives, part of the budget will also be directed toward sustainable transport initiatives, such as electric vehicle infrastructure and improved public transportation services.

These investments in infrastructure are expected to enhance the country’s overall logistics and supply chain capabilities, providing long-term economic benefits, especially as Cyprus seeks to establish itself as a regional hub for trade and services.

Digital Transformation and Innovation

Cyprus is also focusing on digital transformation as part of its development strategy for 2025. A portion of the €1.55 billion will be channelled into expanding digital infrastructure, improving public sector services through digitalisation, and supporting innovation and entrepreneurship in the tech sector.

As digitalisation becomes a key driver of competitiveness in the global economy, Cyprus is positioning itself to harness the benefits of emerging technologies. This includes upgrading digital government services, fostering cybersecurity, and creating a more favourable environment for tech startups and innovation-driven enterprises. These investments will help Cyprus modernise its economy, increase efficiency, and attract foreign investment.

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Cyprus Leads EU With Highest Per Capita Greenhouse Gas Footprint In 2023

by THEFUTURE.TEAM

February 20, 2026

Cyprus Tops The Emissions List

New Eurostat data shows that Cyprus recorded the highest per-capita greenhouse gas footprint in the European Union in 2023. The country reported 14.8 tonnes of carbon dioxide equivalent per person, well above the EU average of 9.0 tonnes. The figures highlight the impact of consumption patterns and imported goods on national emissions.

Overview Of 2023 Emissions Data

According to the report, the greenhouse gas footprint linked to goods and services consumed within the EU averaged 9.0 tonnes per person in 2023, down from 10.0 tonnes in 2022. The consumption-based metric measures emissions generated across entire supply chains, regardless of where production takes place.

Contrasting Emissions Across Member States

Cyprus recorded the highest level at 14.8 tonnes per capita, followed by Ireland at 14.0 tonnes and Luxembourg at 12.7 tonnes. At the lower end of the scale, Portugal reported 6.5 tonnes per capita, with Bulgaria, Sweden, and Romania also recording comparatively low figures. The differences reflect varying consumption patterns and the carbon intensity of imported goods and services.

Consumption Versus Production Emissions

Across the EU, the greenhouse gas footprint tied to consumption reached 4.0 billion tonnes of CO2 equivalent in 2023, compared with production-based emissions of 3.3 billion tonnes. The gap illustrates how imported goods contribute to overall emissions. Over the past decade, consumption-based emissions declined by 12.9%, while production-based emissions fell by 18.6%, partly influenced by the economic slowdown during the 2020 pandemic.

Implications For Policymakers And Business Leaders

The data suggests that emissions strategies increasingly need to address both domestic production and consumption patterns. For Cyprus, this means looking beyond local energy reforms to examine the carbon footprint of imported products and supply chains. Businesses and policymakers may need to consider broader sustainability measures that reflect how goods are produced and consumed.

As the EU continues to strive for reduced emissions, this report serves as a vital resource. It illustrates the progress in lowering production emissions while drawing attention to the substantial challenge posed by the consumption-based footprint. In the evolving realm of environmental policy, these insights are indispensable for steering future initiatives on a path towards greater sustainability.