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Gender Equality Remains A Top Priority, Says Cypriot President

Gender equality remains a core priority for the Government, President Nikos Christodoulides stated on Wednesday during the presentation of the Commissioner for Gender Equality Josie Christodoulou’s report for March–December 2023.

Highlighting the Government’s commitment, President Christodoulides remarked, “There is still much work ahead, but we are encouraged by the progress we’re seeing. It is precisely these results that compel us to continue.” He emphasized that the report’s findings would be thoroughly examined by the Secretariat for Monitoring the Government’s Work to identify obstacles and inefficiencies, ensuring they are addressed in the 2025 annual planning.

Commissioner Christodoulou underscored the Government’s integrated approach, noting that policies promoting work-life balance, the increasing number of women in the Council of Ministers, education reforms, and comprehensive measures to combat violence against women are accelerating progress toward true gender equality. She also informed the President that Cyprus had climbed to 20th place in the European Institute for Gender Equality rankings this year.

“By integrating gender considerations across all Ministries and Deputy Ministries, we are advancing toward substantive equality between women and men,” Christodoulou said while acknowledging that significant challenges remain.

Deputy Minister to the President, Irene Piki, also attended the meeting, reflecting the Government’s united front on gender equality.

A Broader Perspective

While Cyprus doubles down on its commitment to gender equality, the global narrative presents a contrasting picture. In recent months, some companies and institutions have shifted away from Diversity, Equity, and Inclusion (DEI) initiatives, citing either a re-evaluation of priorities or criticism of their efficacy. Cyprus’ steadfast focus on equality amidst this backdrop serves as a reminder that achieving substantial change requires persistence, adaptability, and a clear vision—values that remain at the heart of the Christodoulides administration’s policies.

Google Joins €411 Million Funding Round For Proxima Fusion

Google has joined a €411 million ($468 million) funding round for German startup Proxima Fusion, backing the company’s ambition to build Europe’s first commercial nuclear fusion power plant.

The investment is part of Proxima’s latest financing round, led by XTX Ventures and East X Ventures, with RWE, Google, Plural, UVC Partners, Balderton and Cherry Ventures also participating. The deal values the Munich-based company at $2.7 billion.

Why Fusion Is Drawing Attention

Nuclear fusion has long been viewed as one of the energy sector’s biggest breakthroughs. By fusing hydrogen atoms into helium, the process has the potential to generate vast amounts of carbon-free electricity with far less long-lived radioactive waste than conventional nuclear power.

Despite its promise, fusion remains commercially unproven, with companies still working to overcome significant engineering and materials challenges before the technology can operate at scale.

Unlike fusion, today’s nuclear power stations generate electricity through nuclear fission, which splits atoms to release energy.

Google Expands Its Fusion Investments

The latest investment strengthens Google’s growing presence in the fusion sector as the company looks for long-term sources of clean, reliable electricity to support its expanding energy needs.

“Europe is racing with the United States and China to get to the first fusion power plant,” said Proxima co-founder and CEO Francesco Sciortino. “This financing demonstrates that Europe can not only invent breakthrough technologies, but also build globally competitive companies around them.”

Building A European Fusion Champion

Proxima is developing stellarator reactors, a fusion design widely regarded as more complex than the better-known tokamak but potentially capable of delivering greater long-term operational stability.

The company aims to complete a fusion demonstrator in the early 2030s before developing a commercial power plant later in the decade.

The new funding will be used to expand production of high-temperature superconducting magnets and cables, strengthen manufacturing capabilities and accelerate hiring across engineering, operations and industrial development.

Competition Is Intensifying

While Proxima is now Europe’s best-funded fusion startup, U.S. competitors continue to lead in total capital raised.

According to Dealroom, Commonwealth Fusion Systems has secured $2.9 billion in funding after raising $863 million last year. Helion Energy, backed by Sam Altman, has raised a total of $1.5 billion following a $465 million financing round announced last month.

Google is also an investor in Commonwealth Fusion Systems and signed an electricity purchase agreement with the company in 2025, contingent on its first commercial fusion plant becoming operational.

At the time, Google described fusion as a technology with the potential to provide “clean, abundant and inherently safe” energy, while acknowledging that bringing it to commercial scale remains an immense technical challenge.

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