EAC Executes €92 Million In EU Co-Financed Projects

The Cyprus Electricity Authority (EAC) is currently managing projects worth a total of €92 million, co-financed by the EU. These initiatives are part of the “THALEIA 2021-2027” Political Cohesion Program, with the EU covering 70% of the funding.

Major Projects Overview

Transmission Infrastructure Upgrades (€43 million): This involves the installation and enhancement of transmission substations and other electrical equipment to ensure more reliable power delivery.
Geographic Information System Expansion (€5 million): The development and expansion of GIS capabilities to improve the management and planning of the electrical network.
Optical Fiber Network Implementation (€17 million): Integration of optical fiber within the distribution system to enhance communication and data transfer efficiency.
Distribution System Automation (€27 million): The installation of SCADA/ADMS systems to automate and optimize the distribution network, improving response times and reliability.
Transmission Line Upgrades (€10 million): Utilizing the reconductoring method to enhance the capacity and efficiency of existing transmission lines.

Strategic Goals

These projects aim to modernize Cyprus’s electrical infrastructure, increase efficiency, and enhance the overall reliability of the power grid. The emphasis on automation and advanced technology integration aligns with broader EU objectives of creating a more resilient and sustainable energy network.

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The successful execution of these projects is expected to have a significant positive impact on Cyprus’s energy sector, fostering economic growth and ensuring a more stable power supply. This initiative reflects a strategic commitment to leveraging EU funds to bolster national infrastructure, thereby supporting long-term development goals.

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Bank Of Cyprus Launches Cybersecurity Programme For Students In Limassol

by THEFUTURE.TEAM

March 31, 2026

Bank of Cyprus launched a cybersecurity initiative in Limassol as part of its “The Young Ask and Provide Solutions” programme, involving students in simulated cyberattack scenarios. The programme focuses on practical training in cyber defense and awareness of risks linked to digital infrastructure.

Innovative Collaboration And Real-World Challenges

In partnership with the Education Ministry and non-profit organization TechIsland, the programme provided a robust platform for young minds to confront realistic cyberattack simulations. Held at the modern Limassol regional offices of the Bank of Cyprus, the interactive space enabled 60 secondary school students from across the region to collaboratively tackle the complex threats facing national digital infrastructure.

Practical Exercises And Strategic Insights

Participants took part in workshops built around cyberattack scenarios. Tasks included identifying prevention strategies, planning response measures, and proposing public awareness approaches. The exercises focused on coordination and decision-making during cyber incidents.

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Empowering Tomorrow’s Leaders

According to Elli Ioannidou, the programme is designed to combine theoretical knowledge with practical experience. She said the initiative aims to help students understand real-world challenges and develop problem-solving skills. Additional input was provided by Marios Stavrou, who noted that managing cyber incidents requires coordination across multiple teams and functions.

Building A Resilient Cyber Ecosystem

Experts, including Mathaios Panteli and Tanya Romanyukha highlighted the importance of early digital skills and cybersecurity awareness. Their comments focused on preparing the future workforce skills needed for managing digital risks. The programme forms part of broader efforts to strengthen cybersecurity awareness and education in Cyprus.

The Bank of Cyprus remains committed to investing in forward-thinking initiatives that inspire youth and enhance community awareness. Through these targeted efforts, the bank is not only addressing immediate security challenges but also contributing to a future where advanced technology and robust cyber defense mechanisms coexist seamlessly.

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