Cyta’s Planned Entry Into Renewable Energy Draws Regulatory Concerns

Cyta Poised To Diversify Into Renewable Energy

Cyta may enter the renewable energy procurement market if new legislation is approved at a parliamentary session scheduled for March. The proposed law would allow the state-owned telecommunications provider to purchase electricity generated from renewable sources.

The move would expand Cyta’s activities beyond telecommunications and into the energy sector. The proposal has also triggered objections from Cyprus’s national energy regulator.

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

Global Comparisons And Regulatory Parity

Maria Tsiakka, President of Cyta, said that telecom providers in other countries have already expanded into energy-related services. According to Tsiakka, allowing Cyta to participate in the renewable energy market would align the company with international industry practices.

She also argued that excluding Cyta from the sector would place the organization at a competitive disadvantage compared with other companies that are able to participate in energy-related activities.

Economic Implications And Institutional Concerns

Giorgos Petrou, President of the energy regulatory authority, has expressed reservations about the proposal. He said Cyta’s strong financial position raises concerns about competition if the company is allowed to enter the energy market.

Petrou also warned that any financial losses incurred by the authority could ultimately be transferred to consumers. Adonis Gyasmeidis, General Director of the energy authority, criticized the legislative process, saying it lacked sufficient consultation and impact assessment.

Tension Between Innovation And Institutional Stability

Union representatives and employees have also voiced objections to the speed of the legislative process. Some have raised concerns about potential conflicts of interest, competition between public entities, and the possible use of public funds to support market adjustments. The debate reflects broader questions about how renewable energy initiatives should be integrated into existing regulatory frameworks.

The Road Ahead

The proposed legislation reflects growing interest in expanding renewable energy investment across multiple sectors of the economy. The outcome of the parliamentary decision could influence how public institutions participate in Cyprus’s energy transition. Industry participants are now monitoring the legislative process and its potential impact on market structure and regulation.

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