Breaking news

Invest Cyprus Urges Stronger Cyprus-Greece Cooperation To Attract Capital And Scale Innovation

by THEFUTURE.TEAM

October 6, 2026

Invest Cyprus has called for deeper investment and innovation ties between Cyprus and Greece, arguing that closer cooperation could give smaller ecosystems a better chance of attracting international capital and expanding their global reach.

Partnership As A Growth Multiplier

Speaking at the BiG Innovation Forum, Invest Cyprus chief executive Marios Tannousis outlined Cyprus’ approach to attracting innovative companies and investment, with a particular focus on the pharmaceutical and medtech sectors.

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

He said stronger synergies between Cyprus and Greece could help both countries build scale, improve international visibility and strengthen access to global investors. In markets of limited size, cooperation can often function as a force multiplier, combining complementary strengths and creating a more compelling proposition for capital.

Focus On Innovation And Institutional Capital

The broader discussion examined innovation, investment and the opportunities available to smaller, agile ecosystems. It also addressed how institutional capital can be mobilised more effectively and how investment frameworks can be strengthened to support long-term growth.

Invest Cyprus said cooperation can act as a multiplier for smaller markets by bringing together complementary capabilities and opening new opportunities for investment and innovation.

Industry Leaders Gather In Athens

The panel featured Marianna Nathanail, Haris Lambropoulos and George Zavvos, alongside Tannousis. The discussion was moderated by Lina Nikolopoulou. Invest Cyprus also thanked Nikos Kyrpides for the invitation to participate in the forum.

The event offered a platform for exchange on how institutional capital can be deployed more effectively and how tighter market links can help build more competitive investment ecosystems across the region.

Dialogue On The Region’s Investment Outlook

During the forum, Tannousis also met Christos Staikouras, governor of the Bank of Greece, and joined a discussion with him on the evolving investment and economic landscape in the region.

The forum brought together investors, policymakers and business leaders, with conversations centred on the role of capital, confidence and connectivity in supporting the next phase of investment and innovation.

The Future Forbes Realty Global Properties

Cyprus Business Electricity Prices Rank Among The EU’s Highest

by THEFUTURE.TEAM

November 6, 2026

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

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

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.