Cyprus Eyes United Arab Emirates Partnership On Landmark Subsea Cable Project

by THEFUTURE.TEAM

September 9, 2025

Strategic Political Engagement

Cyprus has turned to the United Arab Emirates as it looks to forge a stronger cooperative bond to develop an ambitious EU-financed subsea power cable. This initiative, designed to link Europe with the eastern Mediterranean, underscores Cyprus’ unwavering backing of the project. In a recent meeting, Cypriot President Nikos Christodoulides and his foreign minister held discussions with UAE leadership to explore the potential for joint investment and broader collaboration in related sectors.

Investing In Infrastructure and Future Growth

The dialogue marks a notable step forward in international energy infrastructure, paralleling the vigorous political interest in regional connectivity. The discussions come in the wake of remarks from Greek Prime Minister Kyriakos Mitsotakis, which prompted Cyprus to elaborate on its strategic plans. A partnership with the UAE could not only inject fresh capital into the project but also signal robust, multinational support in an era when energy security and sustainability are paramount.

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Technical Milestone With Global Implications

At a length of 1,240 km and reaching depths of 3,000 metres, the cable – currently under construction by Greek transmission operator Admie – is poised to become the world’s longest high-voltage and deepest subsea link. Building on nearly a decade of groundwork by Cyprus-based developers, the project now navigates complex financial and operational challenges, including clarifications on overall cost, viability, and accountability for delays.

Regulatory Hurdles And Future Outlook

Adding to the scrutiny, European prosecutors recently initiated an investigation into potential criminal offences related to the €1.9 billion venture that aims not only to connect Cyprus with Greece but also extend to Israel. Despite these challenges, the trilateral support from Cyprus, Greece, and Israel is a robust testament to the project’s strategic importance and its potential to reshape regional energy dynamics.

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Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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