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Cyprus Strengthens Fire Protection In Mountain Villages

Cyprus is taking strong measures to combat the increasing risk of wildfires in its mountain villages. A new strategy, introduced by the Forestry Department and Mountain Commissioner Charalambos Christophinis, aims to protect both the environment and local communities.

Main Causes Of Rising Fire Risk

The risk of wildfires has grown due to rural abandonment and climate change. These factors have caused a dangerous buildup of flammable material. Prolonged droughts and lack of rainfall have only made the situation worse. Authorities are particularly concerned about the mountainous and semi-mountainous regions, where the risk to lives and property is highest.

Creating A Fire-Resistant Barrier

A key component of the new plan is the creation of a “protective ring” around vulnerable areas. This protective ring will be placed within a two-kilometer radius of state forests. The goal is to reduce the accumulation of flammable material, making it harder for fires to start and spread.

Collaboration For Success

These measures are part of the ‘Vegetation Management Study for Fire Protection of Forests and Parasitic Communities’ program. The Ministry of Agriculture will implement these changes within state forests, while local governments will manage areas outside the forests.

Prevention And Vigilance Are Key

“Preventing fires and staying vigilant are our strongest tools,” authorities stated. They emphasized that cooperation from local communities and government bodies is crucial to ensuring the safety of all residents.

Recent Wildfires Highlight Urgency

Cyprus has faced severe wildfires in recent years, including one in June that destroyed more than 3,300 hectares of land and forced evacuations. The Paphos area was hit hardest, with nearly two dozen homes damaged. While no lives were lost, the event highlighted the urgent need for better fire prevention strategies. The wildfire season typically begins in late April and lasts for several months.

FinTech’s Dominance In MENA: Three Strategic Drivers Behind Unyielding VC Success

Despite facing tightening global liquidity and macroeconomic headwinds, the FinTech sector continues to assert its leadership in the MENA region. In the first half of 2025, FinTech emerged as the most resilient and appealing arena for venture capital investments, proving its worth as a catalyst for financial innovation and inclusion.

Addressing Structural Financial Gaps

In many parts of MENA, a significant proportion of the population remains underbanked and underserved by traditional financial institutions. FinTech companies are uniquely positioned to address these persistent challenges by bridging critical access gaps and driving financial inclusion. With the proliferation of payment apps, digital wallets, and micro-lending platforms, investors have witnessed firsthand how these solutions pave the way for scalable growth and eventual exits. Early-stage momentum in the region is underscored by a doubling of pre-seed deals year-over-year, reinforcing the sector’s capacity for rapid innovation and sustainable expansion.

Highly Scalable and Replicable Business Models

One of the key factors behind FinTech’s dominance is the inherent scalability of its business models. Once the necessary infrastructure and regulatory approvals are in place, these models have demonstrated robust performance across borders. The first half of 2025 saw a marked acceleration in deal activity, with payment solutions leading the charge with 28 deals in MENA—a significant increase over the previous year. Lending platforms, in particular, experienced a meteoric 500% year-over-year increase in funding, emerging as the fastest-growing subindustry. Such replicability makes FinTech an attractive proposition for investors seeking high-growth opportunities in diverse markets.

Supportive Regulatory And Government Backing

The strategic support offered by key government initiatives in the UAE and Saudi Arabia has been instrumental in propelling the FinTech sector forward. Progressive frameworks, such as the UAE’s open finance and digital asset directives, coupled with Saudi Arabia’s live-testing sandboxes, have materially lowered entry barriers for startups. These measures not only foster innovation but also streamline the path to commercialization. Consequently, the combined efforts of these regulatory bodies have enabled the UAE and Saudi Arabia to account for 86% of MENA’s total FinTech funding in H1 2025.

The resilience of FinTech in MENA is not merely a reflection of contemporary market trends—it signals a fundamental shift in the region’s economic fabric. With an unwavering commitment to addressing real financial challenges, scalable and replicable business practices, and robust regulatory support, FinTech is setting the benchmark for sustainable innovation. As capital markets become increasingly discerning, this sector stands out as a beacon of long-term growth and transformative impact.

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