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Cyprus’ Financing Programme On Track Amidst Economic Optimism

by THEFUTURE.TEAM

July 22, 2024

Cyprus is advancing its annual financing programme efficiently, aligning closely with its fiscal targets for 2024. The approved borrowing ceiling stands at €1.3 billion, predominantly sourced from European Medium-Term Notes (EMTN). So far, Cyprus has successfully raised nearly €1.2 billion, including a recent €1 billion, seven-year fixed-rate bond issued in June.

The financing strategy also includes public treasury bills and domestic bonds aimed at individual investors. To date, €87.5 million of the targeted €120 million in treasury bills and €6.4 million of the intended €40 million in domestic bonds have been issued. Furthermore, Cyprus has secured €92.75 million in loans from supranational organisations, progressing towards the €140 million goal.

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Public treasury bills, set to mature in October 2024, offer an annualised yield between 3.65% and 3.75%, presenting an attractive option for non-professional investors and businesses seeking secure liquidity management.

Sophic, a financial platform, plans to acquire a portion of the upcoming treasury bill issuance, replicating its strategy from June where it, alongside Athlos Capital, acquired over 80% of the €21.5 million issuance for client allocation.

Cyprus’ prudent financial management and structured approach towards funding reflect a robust fiscal framework aimed at maintaining economic stability and fostering investor confidence. This meticulous execution of the financing programme underscores Cyprus’ commitment to strategic fiscal governance and economic resilience, which are vital for sustaining long-term growth.

The ongoing success of Cyprus’ financing programme highlights the nation’s proactive fiscal planning and the effectiveness of its public debt management office. By securing diverse funding sources and maintaining investor engagement, Cyprus continues to bolster its financial stability and economic prospects.

As Cyprus progresses with its financing activities, the focus remains on sustaining fiscal discipline while leveraging favourable market conditions to optimise funding costs. This approach not only ensures the fulfilment of immediate financing needs but also lays a solid foundation for future economic resilience.

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FCC Approves Amazon’s Ambitious Expansion Of Leo Satellite Constellation

by THEFUTURE.TEAM

February 11, 2026

FCC Greenlights Expansion To 7,700 Satellites

The Federal Communications Commission has approved Amazon’s request to deploy an additional 4,500 low Earth orbit satellites, increasing its planned constellation to approximately 7,700 units. This move is a significant step in Amazon’s strategy to compete with Elon Musk’s SpaceX and its Starlink network.

Accelerating Satellite Launches

The online retail giant Amazon.com has already launched more than 150 satellites since April, using a variety of rocket providers. The company expects to begin delivering satellite internet via its Leo service later this year. Initially announced in 2019, Leo is now in its second generation of orbital systems operating at altitudes of about 400 miles, offering enhanced frequency support and expanded geographic coverage.

Challenging Deployment Deadlines

The FCC has mandated that 50% of the approved satellites must be launched by February 10, 2032, with the remaining 50% following by February 10, 2035. Additionally, Amazon is under pressure to deploy 1,600 first-generation satellites by July 2026, a deadline for which the company has recently requested an extension to either July 2028 or a full waiver, citing rocket availability issues beyond its control.

Investment And Future Missions

With a reported $10 billion investment in its internet-from-space service, Amazon is positioning Leo to rival SpaceX’s Starlink, which boasts over 9,000 satellites and approximately 9 million customers. The company anticipates an additional $1 billion in capital expenditure for Leo this year and has scheduled over 20 launches in 2026 with plans to increase to more than 30 in 2027. The upcoming mission, set for Thursday via an Arianespace rocket, will deploy another 32 satellites into orbit, complementing 17 further missions booked with the French firm.

As the competitive landscape of satellite internet intensifies, Amazon’s rapid deployment of satellites is a testament to its commitment and capability. With Leo evolving quickly, the race to provide comprehensive global connectivity is entering a decisive phase.