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Cyprus Stock Exchange Launches €50 Million 13-Week Treasury Bills

New Treasury Bills Debut With €50 Million Value

The Cyprus Stock Exchange (CSE) has taken a decisive step by authorizing the issuance of new 13-week government treasury bills, totaling €50 million. The successful auction on June 12, 2026, has set the stage for a robust addition to the government securities market.

Treasury Bill Details And Structure

This new issue consists of 50,000 individual treasury bills, each with a nominal value of €1,000. Marked as the 6th installment of the 2026 series, these securities will be listed under the trading symbol TB13F26 and identified by the unique ISIN code CY0241470810. In alignment with market practices, the bills will not bear any interest.

Issuance And Settlement Timeline

The official issuance is scheduled for June 19, 2026, with simultaneous entry into both the Central Securities Depository and the Central Registry. Trading is expected to commence briskly on the same day, underlining the market’s commitment to efficient transaction processing.

Administrative Actions And Market Implications

In a strategic administrative maneuver, the CSE has also suspended trading of the prior 3rd issue of the 2026 series treasury bills, coded TB13C26, from June 16 to June 18, 2026. This temporary suspension is intended to ensure the proper settlement of transactions before the deliberate removal of these older securities from the exchange and depository records.

Only 1% Of Cyprus Farms Use Precision Farming Technologies

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.

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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