Breaking news

Omiros Dairy Group Expands International Footprint With Strategic Cyprus Acquisition

by THEFUTURE.TEAM

July 8, 2025

Acquisition Marks A Strategic Milestone

Greek dairy powerhouse Omiros has taken a decisive step in its international expansion by acquiring the renowned Cypriot dairy company A. Hadjipieris Ltd through its subsidiary, Omiros Dairies Cyprus. This move not only fortifies its global presence but also strengthens its positioning in the Protected Designation of Origin (PDO) niche, celebrated worldwide for its high-quality dairy products.

Investment And Expansion Plans

The acquisition adds a third production facility to Omiros’ portfolio—the first establishment outside Greece—underscoring the firm’s commitment to growth and modernisation. With an initial investment phase valued at €5 million, the company is focusing on immediate expansion and facility upgrades, aiming to achieve an annual production capacity of 5,500 tonnes of PDO halloumi. Omiros has also outlined plans to secure industrial land for a state-of-the-art factory that is expected to boost capacity to 12,000 tonnes annually within three years, supporting job creation and local economic development.

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

Commitment To Local Values And Strategic Growth

Under the stewardship of Ioannis Billis, a seasoned dairy industry executive with substantial expertise in both Greece and Cyprus, the Cyprus project will not only drive operational growth but also reflect the enduring values of local tradition and cultural identity. The acquisition signals a pivotal moment as the third generation of the Giannitsis family embarks on a new journey, marked by innovation and excellence in the halloumi sector.

Path To International Leadership

Enhancing its strategic focus through subsidiaries such as Agrolact and Omiros Dairies Cyprus, the Omiros Group is evolving into a modern, vertically integrated, export-oriented enterprise. With a heritage of over forty years and a presence in more than twenty international markets, Omiros is well positioned to lead globally in the production of high-quality traditional dairy products. This ambitious expansion, with total projected investments in Cyprus reaching €30 million over the next five years, reaffirms Omiros’ commitment to fostering long-term growth and supporting the broader Cypriot economy.

The Future Forbes Realty Global Properties

Cyprus Aquaculture Production Highlights Resilience Amid EU Downturn

by THEFUTURE.TEAM

April 24, 2026

New data from Eurostat reveals a notable contraction in European Union aquaculture production, with overall volumes and values declining even as Cyprus continues to maintain its engagement in the sector.

Overview Of EU Aquaculture Production

EU aquaculture reached 1 million tonnes of fish, molluscs, algae and crustaceans in 2024, with a total value of €4.6 billion. Compared with 2023, production declined by 3.7% in volume and 3.6% in value, reflecting weaker sector performance.

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

Cyprus’ Role In European Aquaculture

Among the European nations, Cyprus produced 9,053.9 tonnes of farmed aquatic organisms, a modest yet steady contribution that underscores its role as an active participant in the region’s diversified aquaculture network.

Leading Contributors To EU Aquaculture

Production remains concentrated among a small group of countries. Spain led with 246,137 tonnes, representing 24.3% of total EU output. France followed with 181,434 tonnes, or 17.9%, and Greece with 127,493 tonnes, or 12.6%. Italy produced 98,051 tonnes, or 9.7%, while Poland accounted for 43,554 tonnes, or 4.3%. Together, these five countries generated more than two-thirds of total EU aquaculture output.

Species Breakdown And Economic Impact

Mussels emerged as the most produced species by live weight, accounting for 32.8% of the total EU output. In contrast, when assessed by economic value, trout led with 17.9%, followed by seabass (14.5%) and gilthead seabream (13.5%). These figures highlight the varying dynamics of species-specific production and their corresponding market impacts.

Sectorial Outlook

The 2024 data indicate a contraction in EU aquaculture, with declines in both output and value. Cyprus and other smaller producers continue to contribute to the overall supply as the sector adjusts to changing market conditions.