OPAP Cyprus Announces New CEO And Board Of Directors

by THEFUTURE.TEAM

August 5, 2024

OPAP Cyprus has appointed Alexandros Davos as the new CEO, effective immediately. Davos joined the company in June 2023 as General Commercial Director and took on managerial responsibilities in January 2024, significantly contributing to the company’s operations.

Alongside this appointment, OPAP Cyprus has restructured its Board of Directors, welcoming new members to support the company’s future endeavours, particularly following the recent 15-year concession agreement with the Cypriot government. The board now includes Kamil Ziegler as President and members Jan Karas, Maki Georgiou, Christos Pitta, Fotis Zisimopoulos, Elias Katsaros, Petros Xarchakos, and Panos Gavriil.

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In his new role, Davos is expected to drive strategic initiatives and leverage his commercial expertise to further enhance OPAP Cyprus’ market position. The company’s decision to refresh its leadership team reflects a broader strategy to adapt to evolving market conditions and regulatory environments.

The company expressed gratitude to the outgoing board members, Charalambos Christou and Isidoros Makridis, for their dedicated service and contributions. Their tenure saw substantial developments within OPAP Cyprus, setting a solid foundation for the new leadership to build upon.

This leadership transition comes at a pivotal time for OPAP Cyprus as it navigates the complexities of the gaming industry and seeks to expand its footprint within the region. The new board members bring a wealth of experience and a diverse set of skills that are anticipated to drive innovation and operational excellence.

As OPAP Cyprus embarks on this new chapter, the company’s stakeholders and market observers will be keenly watching how these changes will influence its strategic direction and performance in the competitive gaming sector.

The appointment of Davos and the refreshed board is a strategic move designed to align the company with its long-term goals, ensuring sustainable growth and continued success in the Cypriot market.

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EU Farm Output Prices Decline For The First Time In Nine Months

by THEFUTURE.TEAM

March 12, 2026

EU Market Adjustments Signal New Price Trends

Agricultural output prices across the European Union declined in the fourth quarter of 2025, marking a shift after several quarters of increases. Data from Eurostat shows that farm gate prices fell by 1.9% compared with the same period in 2024.

Crisis of Declining Prices In Select Markets

Cyprus recorded one of the more notable decreases in agricultural input costs among EU member states, with prices falling by 2.6% compared with Q4 2024. The reduction eased cost pressures for the local agricultural sector following periods of higher prices earlier in 2025. Across the EU, prices for goods and services consumed in agriculture remained relatively stable. Non-investment inputs such as energy, fertilisers and feedingstuffs showed limited overall changes during the quarter.

Country-Specific Divergence In Price Movements

Eurostat data highlights considerable variation across member states. Fifteen EU countries recorded declines in agricultural output prices. Belgium registered the largest decrease at 12.9%, followed by Lithuania (8.2%) and Germany (6.0%). At the same time, twelve countries reported increases in output prices. Ireland recorded the strongest rise at 6.8%, followed by Slovenia (5.6%) and Malta (4.2%).

Stability In Agricultural Inputs Amid Commodity Shifts

Agricultural input prices also showed mixed developments. Eleven member states recorded declines, including Cyprus (2.6%), Belgium (2.1%) and Sweden (2.0%). Other countries experienced moderate increases, including Lithuania (4.2%), Ireland (3.3%) and Romania (2.5%). Among major agricultural commodities, milk prices declined by 4.1% while cereal prices fell by 8.9% across the EU. In contrast, fertilisers and soil improvers increased by 7.9%, reflecting continued volatility in input markets.

Outlook For EU Agriculture

The latest Eurostat data points to uneven price developments across the EU agricultural sector. While input prices remained broadly stable in many markets, movements in output prices varied significantly between member states. These trends highlight the need for farmers and policymakers to adapt to shifting commodity prices and changing cost structures across the European agricultural market.

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