Breaking news

Cyprus Outperforms EU In Global Trade And Investment Growth, EIB Survey Reveals

by THEFUTURE.TEAM

February 13, 2025

Cypriot businesses have proven to be more resilient and globally integrated than many of their European counterparts, according to the latest findings from the European Investment Bank (EIB) Group Investment Survey. The report, which surveyed approximately 13,000 companies across the EU and the United States, highlights the strength and adaptability of Cypriot firms in the face of recent challenges.

Notably, Cyprus has experienced an 18% increase in investment since the pre-pandemic period, a growth that surpasses many other EU countries. This surge is partly attributed to the financial support provided by the EU’s Recovery and Resilience Facility (RRF). Moreover, Cypriot businesses report higher satisfaction with their investment levels compared to the broader EU landscape.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

The survey also reveals that Cypriot companies are leading the way in terms of global trade integration. A remarkable 81% of businesses in Cyprus are engaged in global markets, far exceeding the EU average of 63%. This strong international presence puts Cyprus in a prime position for future growth and competitiveness.

In terms of diversity, Cyprus is also ahead of the curve, with 44% of senior management roles held by women. This compares favorably to the EU’s average of just 23%.

However, despite these successes, Cypriot businesses face challenges. The survey identifies a shortage of skilled labor and limited access to financing as key obstacles, more pressing in Cyprus than across the EU as a whole.

Kyriacos Kakouris, EIB Vice-President, commented, “The EIB Investment Survey underscores the remarkable resilience and global outlook of Cypriot businesses. With investment levels above pre-pandemic figures and strong integration into global trade, Cyprus is well-positioned for sustainable growth. I am optimistic that these ongoing investments in innovation and modernization will propel the country’s long-term prosperity.”

The detailed report on Cyprus, along with insights from other EU nations, was released on 12 February 2025. The results will also inform the EIB’s annual Investment Report, which is due for release on 5 March 2025 at the EIB Group Forum in Luxembourg. This event will bring together industry leaders to discuss key topics such as decarbonization, AI, and the capital markets union under the theme “Investing in a More Sustainable and Secure Europe.”

The Future Forbes Realty Global Properties

Cyprus Remains Among EU’s Lowest Renewable Electricity Producers

Cyprus remained among the European Union’s weakest performers in renewable energy adoption in 2025, with renewables accounting for 27.5% of gross electricity consumption, according to new data published by Eurostat.

Across the EU, renewable sources supplied 49.9% of gross electricity consumption last year, bringing the bloc close to generating half of its electricity from renewable energy.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Cyprus Remains Among The EU’s Lowest Performers

Cyprus ranked among the EU countries with the lowest share of renewable electricity, ahead of only Malta at 11.2%, the Czech Republic at 19.2%, Luxembourg at 23.3% and Slovakia at 24.1%.

Across the country’s broader energy system, renewables accounted for 21.5% of gross final energy consumption in 2025.

EU Renewable Electricity Continues To Grow

Renewables supplied 49.9% of gross electricity consumption across the EU in 2025, up from 47.5% a year earlier. Since Eurostat began collecting comparable data in 2004, the share has risen from 15.9%.

Austria recorded the highest share at 90.8%, followed by Sweden at 89.2%. Denmark generated 77.7% of its electricity from renewable sources, followed by Portugal at 65.6%, Greece at 60.9% and Spain at 60.7%.

Overall Energy Transition Still Has Work Ahead

Renewables accounted for 26.2% of the EU’s gross final energy consumption in 2025, up from 25.2% in 2024 and 9.6% in 2004.

Despite the increase, the bloc remains below its legally binding target of 42.5% by 2030. According to Eurostat, achieving that goal will require an average annual increase of 3.3 percentage points between 2026 and 2030.

Sweden recorded the highest overall renewable energy share at 65.4%, followed by Finland at 53% and Denmark at 48.2%. Belgium recorded the lowest share at 14.9%, followed by Slovakia at 16.3% and Ireland at 17.2%.

Heating And Cooling Also Show Steady Progress

Renewable energy accounted for 27.4% of heating and cooling across the EU in 2025, the highest level since comparable records began in 2004. The share increased by 0.7 percentage points from 2024, slightly below the long-term annual average increase of 0.75 percentage points.