Parliament Endorses Cyprus Academy Budget, Setting Stage For Strategic Growth

Balanced Budget Backing A Government Initiative

The Parliamentary Plenary approved a balanced budget of €570,000 for the Cyprus Academy of Sciences, Letters and Arts for the fiscal year ending December 31, 2026. The budget will be fully financed through a government grant, which remains the academy’s only source of revenue.

Focused Allocation For Administration And Development

The approved framework allocates €566,500 to administrative expenses and €3,500 to development activities. The slight increase compared to the previous year reflects the addition of three administrative positions. Academy President Achilleus Aimiliandis said the higher level of state funding allows the institution to strengthen staffing capacity and improve day-to-day operations while supporting its longer-term objectives.

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Inter-Ministerial Review And Required Amendments

The budget was submitted by the Ministry of Education, Sports and Youth to the Ministry of Finance in September 2025 for review. Following an assessment by the Public Administration and Personnel Department, several amendments were requested before the proposal proceeded to the Council of Ministers, reflecting standard oversight procedures applied to public-sector budgeting.

Building Renovation Plans Deferred

The approved budget does not include funding for the renovation of the property granted to the academy by the Holy Metropolis of Cyprus and Tillyria. A previous feasibility study estimated renovation costs at around €1.3 million plus VAT, with completion expected to take approximately two years. The project remains outside the scope of the current fiscal plan.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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