Cyprus Growth Forecast Cut For 2026 As Inflation Seen At 2.7%

by THEFUTURE.TEAM

April 29, 2026

The Center for Economic Studies at the University of Cyprus forecasts a slowdown in the Cypriot economy by 2026, with inflation on an upward trajectory amid intensifying geopolitical tensions in the Middle East.

Revised Growth Forecasts

Updated estimates show that growth projections for 2026 have been revised down by 0.6 percentage points, with a further 0.3 percentage point reduction for 2027 compared with January forecasts. These revisions follow signals of weaker demand, particularly in externally oriented service sectors, which remain sensitive to international conditions.

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Geopolitical Pressures And Domestic Resilience

Pressure on the outlook is largely linked to developments in the Middle East, which continue to affect economic activity and sentiment. Data from recent months, including March, point to slower demand, increased uncertainty among businesses and consumers, and rising price pressures.

At the same time, earlier economic performance provides some support. Growth recorded in the fourth quarter of 2025, combined with public finances and low unemployment, is expected to offset part of the impact from external shocks, including regional conflict and health-related disruptions such as dengue fever.

Rising Inflation Driven By Global Market Shifts

Inflation is projected to increase from 0.1% in 2025 to 2.7% in 2026, before easing to 1.8% in 2027. Compared with earlier forecasts, this represents an upward revision of 1.9 percentage points for 2026 and 0.4 points for 2027. Higher international oil prices linked to the conflict, together with increases in domestic food prices during the first quarter of 2026, are identified as the main drivers behind the revised outlook.

Outlook In An Uncertain Environment

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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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