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ETEK Launches 2026 Participatory Budget With Grants Of Up To €20,000 Per Project

by THEFUTURE.TEAM

September 10, 2026

The Cyprus Scientific and Technical Chamber (ETEK) has launched the sixth consecutive edition of its Participatory Budget, allocating a total of €100,000 for 2026 and offering grants of up to €20,000 per project or initiative.

A Funding Model Designed For Impact

The programme is open to proposals submitted by ETEK members and is intended to support initiatives that align with the Chamber’s mission, activities and responsibilities. Submissions must demonstrate outward-facing value, while delivering a meaningful benefit both to members and to society at large.

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ETEK is seeking proposals that go beyond concept stage. Each project should produce a practical outcome or an actionable deliverable with broader added value, underscoring the Chamber’s preference for initiatives that can translate ideas into measurable results.

Who Can Apply

Applications may be submitted by individuals or legal entities that are members of ETEK. Each application must also be co-signed by at least two additional Chamber members.

A five-member committee will evaluate the proposals.

Deadline And Submission Details

Applications must be submitted electronically to cyprus@etek.org.cy by Monday, October 12, 2026, at 2:00 p.m.

Interested parties are advised to review the terms of the call carefully and complete the relevant application form in full before submission.

More information is available on the ETEK website.

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Cyprus Business Electricity Prices Rank Among The EU’s Highest

by THEFUTURE.TEAM

November 6, 2026

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

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The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.