Eurobank Research Wins Cyprus Forecasting Award For Second Straight Year

Outstanding Achievement In Macroeconomic Forecasting

Eurobank Research, the renowned Economic Analysis and Research Unit of Eurobank, has been officially recognized as Cyprus’ leading forecaster for a second consecutive year at the Focus Economics Analyst Forecast Awards 2026. This accolade comes amid stiff competition from established international and domestic financial institutions, underscoring the bank’s unrivaled analytical depth and operational excellence.

Excellence Across All Key Indicators

The award, which encompasses assessments of critical macroeconomic indicators such as gross domestic product (GDP), unemployment, inflation, fiscal balance, and current account balance, demonstrated the consistent performance of Eurobank Research. The unit not only clinched the overall top ranking but also secured first place across most individual categories, reinforcing its position as the primary reference for economic analysis in Cyprus.

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Methodical Approach And Forward-Looking Analysis

Eurobank Research’s success reflects its methodical approach and deep understanding of both local and global economic trends. Maintaining an unyielding commitment to precision, the bank has provided institutional clients and investors with high-caliber financial analysis, enabling them to navigate an ever-changing economic landscape. This disciplined strategy has been pivotal during periods marked by continuous shifts in global economic dynamics.

Commitment To Economic Growth And Stability

The latest accolades reaffirm Eurobank’s longstanding dedication to supporting economic growth and addressing unforeseen financial developments and risks. By delivering reliable and scientifically credible forecasts, Eurobank Research continues to drive confidence among market participants and remains a cornerstone in the realm of economic research across Cyprus.

This achievement not only highlights the bank’s exceptional analytical capabilities but also reinforces its reputation as a thought leader in macroeconomic forecasting, further solidifying its vital role in the financial services industry.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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