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Cyprus Builds Its Place In The Global Space Industry

Cyprus’ involvement in space was once seen as an unlikely dream. Fourteen years later, the country is preparing its first small satellite and has become increasingly connected to major international space networks.

Founded in 2012, the Cyprus Space Exploration Organisation (CSEO) has played a central role in developing the sector and establishing links with organisations including NASA, the European Space Agency and Lockheed Martin.

From Childhood Fascination To National Ambition

CSEO President George Danos developed an interest in space as a child, when his parents bought him his first telescope. After studying at Imperial College London and spending around 15 years working abroad, including with Richard Branson’s Virgin group, he returned to Cyprus and founded CSEO.

One of the organisation’s early goals was to bring Cyprus into the European space community. The country became an ESA cooperating state in 2016 and has since progressed to associate membership.

International cooperation has expanded further, with CSEO developing links with space agencies and researchers in the US, Japan, France, Italy, Israel and the UK. NASA’s then chief scientist James Green also visited Cyprus in 2018 to mentor teams participating in space innovation competitions.

Rather than competing with larger space powers, Danos said, CSEO’s role is to connect Cyprus to the international space ecosystem.

Building A Space Sector

CSEO focuses on four areas: education, innovation and start-ups, research and development, and international cooperation. Its Nicosia facilities include satellite manufacturing and testing equipment, a thermal-vacuum chamber, vibration-testing systems, an ISO-7 clean room and mission-control and communications facilities.

Research covers space health and space weather. Work with the Cyprus Institute of Neurology and Genetics examines how space conditions affect genes, while artificial intelligence and modelling are being used to study the effects of solar activity on satellites, telecommunications and electricity networks.

First Satellite Nears Completion

A major milestone is now approaching, with CSEO’s first CubeSat nearing completion and discussions under way with launch providers. Once in orbit, its camera will demonstrate technology for detecting wildfires, while additional payloads will focus on space health and space weather. One satellite cannot provide a full wildfire monitoring service, Danos noted. A larger constellation would eventually be needed to turn the technology into a comprehensive service.

Looking further ahead, he wants to develop an international satellite constellation carrying different sensors to study the Sun’s effects on Earth and climate.

Could A Cypriot Go Into Space?

A Cypriot astronaut remains a long-term ambition, although Danos believes such a mission should have a clear scientific or economic purpose. “The goal of having a Cypriot into space is important,” he said, stressing that it would require cooperation between government, industry, academia and NGOs.

For now, CSEO is focused on strengthening Cyprus’ research capabilities, developing local expertise and expanding international partnerships. “Our country has made great strides in space and the future ahead looks great,” Danos said.

Cyprus Business Electricity Prices Rank Among The EU’s Highest

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.

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