Cyprus Economy Poised For 3% Growth In 2026 Amid Global Headwinds

by THEFUTURE.TEAM

April 15, 2026

Strong Performance Despite Global Volatility

International Monetary Fund (IMF) forecasts real GDP growth in Cyprus at 3.8% in 2025 and 3% in 2026. Projections come amid ongoing geopolitical tensions, including conflict in the Middle East. Cyprus outperforms broader European trends, where economic activity remains weaker.

Global Growth And Energy Risks

IMF projects global growth at 3.1% in 2026 and 3.2% in 2027, assuming limited escalation of current conflicts. Energy prices and tighter financial conditions remain key risk factors. Further disruptions linked to geopolitical developments could reduce global growth.

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Inflation And Oil Price Projections

Global inflation is expected to reach 4.4% in 2026 before easing to 3.7% in 2027. Baseline projections place oil prices at $82 in 2026 and $75 in 2027. Adverse scenarios indicate oil prices could rise to $100 or $110, increasing inflation pressures.

European Monetary Policy Challenges

Euro area growth is forecast at 1.1% in 2026, down from 1.4% in 2025. Inflation is expected to reach 2.6% in 2026. Market expectations point to a 50 basis point increase in the European Central Bank deposit rate.

Conclusion: Navigating Uncertain Times

IMF analysis identifies geopolitical risks, energy costs, and fiscal pressures as key factors affecting global economic performance. Policy coordination and macroeconomic stability remain central to managing these risks.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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