Cyta Poised To Expand Into Renewable Energy With Legislative Backing

by THEFUTURE.TEAM

March 16, 2026

Regulatory Momentum And Legislative Approval

Cyta may soon receive legal approval to operate in the renewable energy sector, according to discussions around pending legislation in Parliament. Lawmakers are expected to vote on the proposal during an upcoming parliamentary session.

Unified Political Endorsement And Strategic Implications

Key public entities, including DISY, DIKO, and DHPA, are expected to rally behind the bill during the forthcoming parliamentary session. Their unified stance signals strong institutional support, though several opposition parties express concerns about competitive impacts, particularly the risk that the state energy authority might lose thousands of customers to Cyta’s market entry.

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

Competitive Concerns And Market Dynamics

Critics say Cyta’s entry into the energy sector could affect existing market dynamics. They argue the state electricity authority could lose customers if Cyta offers combined telecommunications and energy services. Maria Tsiakka, head of the electricity authority, said the issue highlights growing competition in markets where telecommunications and energy services may overlap.

Inter-Organizational Tensions And Collaboration Prospects

Officials say Cyta’s proposed activities would focus on renewable energy projects. The plan would target specific market segments rather than the traditional electricity supply. Some policymakers have suggested cooperation between state-owned entities. However, the Competition Protection Committee warned that certain joint initiatives could raise competition concerns.

Internal Dissent And Oversight Concerns

Some Cyta employees have expressed concerns about comments from General Auditor Andreas Papakostantinou. In correspondence with Finance Minister Makis Keravnos, the auditor questioned the proposed legislative amendment. Papakostantinou said claims about immediate cost reductions for households may be overstated. He suggested Cyta could consider other ways to expand its services without directly competing with the state electricity authority.

Looking Forward

The Parliamentary Economic Committee is expected to discuss the proposal and possible amendments in an upcoming session. Lawmakers will determine whether the legislation moves forward, which would allow Cyta to expand into renewable energy activities.

The Future Forbes Realty Global Properties

Cyprus’ Poverty And Social Exclusion Risk Stands At 17.1%

by THEFUTURE.TEAM

October 20, 2026

Cyprus recorded a poverty or social exclusion risk rate of 17.1% in 2025, below the European Union average of 20.9%, according to new Eurostat figures. Across the bloc, however, more than 92 million people continued to face the risk, highlighting persistent social and economic inequalities.

More Than 92 Million People At Risk Across The EU

A total of 92.7 million people across the EU were at risk of poverty or social exclusion in 2025, equivalent to just over one in five residents.

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

Cyprus is treated as a single statistical region because of its size, unlike many member states divided into multiple regions for comparison. Its national figure therefore provides an overall picture but does not capture differences between districts or communities.

Regional Gaps Remain Stark Across Europe

The risk varied considerably across the EU, with the highest rates concentrated largely in southern, eastern and outermost regions. In 24 of the 243 regions with available data, at least 31.5% of the population faced poverty or social exclusion.

These regions were located in Spain, Bulgaria, Greece, Italy, France and Romania, as well as Brussels in Belgium and Bremen in north-western Germany.

French Guiana recorded the highest rate, at 54.8%, followed by Calabria in southern Italy at 45.3% and Sicily at 44%. Melilla, a Spanish autonomous city, recorded 43.7%, while Réunion, another French outermost region, stood at 42.3%.

Central Europe Records The Lowest Rates

At the other end of the scale, 24 regions reported poverty or social exclusion risk rates below 13% in 2025. These included five eastern EU capital regions: Bratislava in Slovakia, Warsaw in Poland, Prague in the Czech Republic, Budapest in Hungary and Zagreb in Croatia.

Other regions with low rates were concentrated in northern Italy, the Czech Republic, northern Belgium, Hungary, Poland and Austria, illustrating the uneven distribution of economic security across Europe.

Cyprus Remains Below The EU Average

Cyprus’ rate of 17.1% places it below the EU average, although it remains higher than the levels recorded in the bloc’s lowest-risk regions.

The figures suggest that Cyprus performs relatively well compared with the wider EU, but poverty and social exclusion remain significant challenges across the bloc, affecting more than 92 million people.

Breaking news