Breaking news

Industrial Turnover Index In Cyprus: Resilient Growth Across Key Sectors

by THEFUTURE.TEAM

December 5, 2025

The latest figures from the Statistical Service of Cyprus (Cystat) underscore robust economic momentum, with the industrial turnover index rising to 151.8 units in September 2025—a 5.6% increase on the comparable month in 2024.

Overview Of Economic Activity

For the January to September 2025 period, the overall index improved by 4.2% when compared with the same timeframe last year. Local turnover posted a 5.9% rise, whereas export turnover advanced by 4.1%, reflecting balanced domestic and international market performance.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Strong Performance In Manufacturing And Mining

Within the manufacturing sector, the index reached 143.4 units in September, registering an impressive annual gain of 9.6%. This robust performance was paralleled by an 8.5% rise in mining and quarrying activity. Sector-specific trends further demonstrate this momentum, as evidenced by the notable advances in:

Electronic and Optical Products and Electrical Equipment: up 36.4%
Machinery, Motor Vehicles and Other Transport Equipment: up 20.8%
Basic Metals, Fabricated Metal Products, Furniture, and Machinery Installation: over 21%
Wood And Cork Products: up 17.9%
Rubber, Plastic Products And Other Non-metallic Mineral Products: mid-range increases between 8.1% and 8.6%

Sectoral Challenges And Variations

Despite these advancements, certain sectors registered declines. Electricity supply experienced a 6% drop in September and an 8.8% fall for the January–September period, while water supply and materials recovery exhibited marginal degressions of 0.6% and 1.6%, respectively. Additionally, traditional segments such as textiles, wearing apparel, and leather products fell by 8.6%, with refined petroleum, chemicals, and pharmaceutical products declining by 8.9%.

Methodology And Data Collection Insight

The industrial turnover index is underpinned by systematic data collection from enterprises with turnover exceeding €2 million or employing 20 or more personnel; smaller enterprises are included via sampling methodologies. With 2021 as the base year—where the monthly average index is 100.0—the index offers a transparent measure of turnover shifts across the industrial spectrum. Data is typically collected by telephone or email within two months following the end of each reference period.

This comprehensive report not only outlines key growth areas within Cyprus’s industrial landscape but also provides critical insights for policymakers and investors eyeing long-term trends in the region.

The Future Forbes Realty Global Properties

EU Regulation May Undermine Its AI Ambitions, Warns U.S. Ambassador

by THEFUTURE.TEAM

March 30, 2026

Regulatory Stringency Threatens Europe’s Future In AI

Andrew Puzder said EU regulatory pressure on U.S. technology companies could affect Europe’s access to AI infrastructure. He said access to data centers, data resources and hardware remains linked to U.S.-based providers.

Balancing Oversight And Global Technological Competitiveness

Puzder’s remarks arrive amid a period of aggressive regulatory measures undertaken by the European Commission against major U.S. tech companies. According to Puzder, imposing excessive fines and constantly shifting regulatory goals may force these companies to retreat from the EU market, leaving the continent on the sidelines of the AI revolution. He noted, “If you regulate them off the continent, you’re not going to be a part of the AI economy.”

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

U.S. Concerns Over Regulatory Overreach

Critics from across the Atlantic, including figures from former U.S. administrations, have repeatedly lambasted the EU’s stringent policies. Puzder stressed that without a conducive business environment supported by robust U.S. technology infrastructures, Europe’s ambitions in AI might remain unrealized. The warning carries significant implications for transatlantic trade relations and the future integration of technology across borders.

Specific Cases: Impact On Major Tech Companies

Recent EU enforcement actions include fines and regulatory decisions affecting major U.S. technology companies operating in the region. Meta was subject to regulatory action following policy-related concerns. Apple received a €500 million penalty, while Google was fined €2.95 billion in an antitrust case. X, owned by Elon Musk, was also fined €120 million in recent months. Marco Rubio criticized these measures, citing concerns about their impact on U.S. technology companies.

Implications For The Global AI Landscape

EU regulators are also reviewing the compliance of platforms such as Snap Inc. under the Digital Services Act. Focus includes areas such as user protection and platform responsibility. Discussion reflects ongoing differences between EU and U.S. approaches to regulation and innovation. Further developments will depend on policy decisions on both sides.