Breaking news

Industrial Growth in Cyprus: February 2025 Sees a 4.3% Uptick

February 2025 marked another positive chapter for Cyprus’ industrial sector. The Industrial Turnover Index surged to 130.4 units, an impressive 4.3% increase from February 2024, using 2021 as the benchmark year.

Key Sector Performances

Analyzing data for the initial months of 2025, the index registered a 5.6% growth overall from the previous year. In the manufacturing sector, February showcased a rise to 132.6 units, climbing by 4.5%.

Notably, the mining and quarrying sector skyrocketed with a robust 11.9% growth year-on-year. Likewise, the electricity supply sector shone through with a 4.3% uptick in turnover.

Areas of Concern

Despite these gains, the water supply and materials recovery sector faced challenges, recording a 4.0% decline compared to February 2024. This setback highlights ongoing disparities within the industry’s various branches.

For a broader view on the evolving business landscape, explore The Cyprus Business Clubs Guide, Presented By Dream Play.

A New Twitter-Inspired Social Network Is Taking Shape

A new social network called Twitter.now is entering the market, with a founding team that includes former Twitter trademark counsel Stephen Coates. The service is being developed by startup Operation Bluebird.

As Ars Technica reported, X sued the company last year and asked a Delaware judge to block the launch. Operation Bluebird argued in a petition that X had abandoned trademarks including “Twitter” and “Tweet.”

Coates has said the project is not an attempt to recreate the original Twitter. In a LinkedIn post, he described the platform as a new public space focused on trust, transparency and user choice.

AI System To Rate Posts

Twitter.now is currently being tested, with early access priced at $20. Its main feature is VERA, an AI system designed to evaluate posts, verify claims and provide sources and context.

Posts receive a trust score, with users eventually able to set a minimum score to filter their feeds. The company says this approach will give people more control over what they see instead of leaving those decisions entirely to an algorithm.

Moderation Remains A Challenge

Scaling moderation will be one of the platform’s biggest tests. Social networks have repeatedly struggled with content moderation as their communities grow, and newer platforms such as Bluesky have faced similar criticism.

Operation Bluebird says VERA will form the basis of its moderation and verification system. A second version is already planned, with expanded tools that would let users set a specific trust threshold for the posts appearing in their feeds.

For now, Twitter.now remains in an early testing phase, combining the familiarity of the Twitter name with an AI-driven approach to evaluating online information.

Aretilaw firm
Uol
eCredo
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter