Opens in a new tab

Breaking news

EU Commits €4.7 Billion To Renewable Energy and Vaccine Production In South Africa

In a landmark move, the European Union is set to inject nearly €5 billion into South Africa’s renewable energy transition and vaccine production efforts. The announcement, made by the European Commission, highlights the EU’s commitment to strengthening its ties with the African continent’s most developed economy.

Key Details Of The Investment

  • First of Its Kind: South Africa stands out as the first nation to forge such a comprehensive agreement with the EU.
  • Breakdown of Funds: A substantial €4.4 billion is earmarked for clean energy projects, while €700 million will bolster vaccine production, aiming to fortify public health infrastructure.
  • Strengthening Partnerships: Leaders, including Ursula von der Leyen and Cyril Ramaphosa, are focusing on expanding cooperation in critical raw materials, reflecting a growing alliance.

Such initiatives align with global trends in renewable energy and digital infrastructure advancements.

Read more about sustainable practices in tech and other insightful pieces on The Future Media.

As the EU and South Africa embark on this transformative journey, the global community watches closely.

Nearly 80% Of Cyprus’ Foreign Investment Came From Outside EU In 2025

Cyprus had the highest share of foreign direct investment (FDI) originating outside the European Union among 14 EU member states reporting data for 2025. According to Eurostat, non-EU economies accounted for 79.4% of the island’s inward FDI, highlighting its distinct position among the reporting countries.

The figures contrast with most other EU economies, where investment from within the bloc remains the main source of foreign capital.

Cyprus Leads In Non-EU Investment Share

Eurostat measures inward FDI positions by the ultimate investing economy, identifying the economy where the investment ultimately originates rather than only the country through which it is channelled. This distinction is important when investments involve subsidiaries or intermediary holding companies.

In nine of the 14 reporting countries, most foreign investment came from within the EU. The Czech Republic recorded the highest intra-EU share, at 75.1%, followed by Romania at 73.3% and Estonia at 64.8%.

Cyprus was among five countries where non-EU economies accounted for more than half of inward FDI. Spain, Sweden, Greece and Denmark also recorded shares above 50%, ranging from 51% to 55.1%.

US Is The Largest Source Of FDI Across Reporting Countries

Across the 14 countries collectively, the United States was the largest ultimate source of foreign direct investment, accounting for 15.4% of the total.

Germany ranked second at 11.5%, followed by France at 9.4%, the United Kingdom at 9.3% and Switzerland at 5.8%.

These figures reflect the combined investment positions of the reporting countries and do not identify Cyprus’s leading individual investment sources. However, the country-level data underline the island’s strong reliance on capital originating outside the European Union.

Aretilaw firm
eCredo
Uol
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter