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Cyprus’ Kronos Field Nears Completion, Paving Way For Natural Gas Exports To Europe

by THEFUTURE.TEAM

January 12, 2026

Project Nearing Completion

At the final stage of development, Cyprus’ Kronos field is on track to begin delivering its first shipments of domestic natural gas to Europe. President Nikos Christodoulides recently emphasized that the development is set to conclude by the end of March, securing a critical milestone not only for Cyprus but also for key international partners.

Strategic Engagement And Forum Participation

During a high-level meeting at the Presidential Residence with ENI’s operational executive, Guido Brusco, the President highlighted the urgency of finalizing the remaining work. He confirmed his participation in the Energy Forum in Cairo from March 30 to April 1 at the invitation of Egypt’s President, while also pressing for the European Commission’s representation. This forum will serve as a pivotal gathering for shaping the regional energy landscape, reinforcing the project’s transcontinental impact.

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Robust Investment And Multinational Partnerships

Brusco further underlined ENI’s commitment through extensive investment, which has reached approximately 1.2 billion dollars to date. The collaboration between Cyprus, Egypt, ENI, and TOTAL is poised to mark the country’s first developmental success from its Exclusive Economic Zone. Such a robust partnership is critical for both economic progress and bolstering energy security across Europe.

As Cyprus embarks on this transformative journey, the successful commissioning of the Kronos field is set to reaffirm its role as a vital energy supplier in the region. Through coordinated international efforts and decisive political will, the nation is poised to secure enduring benefits for its economy and for the broader European energy market.

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Cyprus Economy Outperforms EU Benchmarks With 4.5% Quarterly Growth

by THEFUTURE.TEAM

February 16, 2026

The Cypriot economy recorded an impressive 4.5% year-on-year growth in the fourth quarter of 2025, according to preliminary estimates from the Statistical Service. This performance represents a notable acceleration, with a seasonally adjusted quarterly increase of 1.4% compared to the previous period.

Quarterly Performance Surpasses Expectations

Based on Eurostat data, Cyprus has significantly outpaced its European counterparts. While the Eurozone achieved an average growth rate of 1.3% and the European Union registered 1.5%, Cyprus clearly outperformed both. Such robust quarterly performance underlines the nation’s strategic economic positioning amid global market uncertainties.

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Full-Year Projections And Fiscal Discipline

For the entire year 2025, growth is forecasted at 3.75%, exceeding earlier predictions from the Ministry of Finance and several domestic and international agencies, which had estimated an increase between 2.9% and 3.5%. This optimistic projection is supported by a low inflation environment and conditions of near-full employment.

Sustainable Growth Amid Global Uncertainty

Despite increased international volatility, Cyprus continues to demonstrate a resilient economic dynamic. Experts assert that a commitment to prudent and disciplined fiscal policies will bolster the nation’s ability to maintain medium-term growth rates above 3%. This strategic approach offers a strong competitive edge, much like other success stories in high-growth markets where sound economic management has proven vital.