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President Christodoulides Discusses Growth And Risks With Business Leaders In Nicosia

by THEFUTURE.TEAM

April 13, 2026

Presidential Engagement With Business Leaders

Nikos Christodoulides, President of Cyprus, participated in a roundtable with business leaders at the 16th Nicosia Economic Congress. Discussions focused on economic growth, investment conditions, and geopolitical risks linked to instability in the Middle East. Participants examined sustainable development priorities alongside current challenges affecting the Cypriot economy.

Navigating Uncertainty In A Volatile Global Landscape

Participants addressed the impact of geopolitical uncertainty on economic activity while highlighting investment opportunities within Cyprus. The discussion also focused on the role of government in maintaining stable and predictable business conditions. Christodoulides said the global environment is becoming more decentralized and uncertain, adding that public expectations center on stability, support, and policy consistency.

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Proven Crisis Management And Clear Strategic Vision

Christodoulides said the government has managed multiple external challenges since March 2023 while maintaining economic stability. Policy coordination and consistent decision-making were cited as key factors supporting resilience. He added that government actions must follow a clear strategy, remain coherent, and be communicated effectively rather than driven by short-term political cycles.

Economic Progress And Fiscal Prudence

Cyprus recorded one of the highest growth rates in Europe over the past three years, according to government data. The country regained an A credit rating, reduced unemployment to below 5%, and reached full employment conditions for the first time since 2008. Public debt declined to around 55%, lowering borrowing costs and supporting increased investment across the economy.

Investing In The Future

Government policy includes continued investment in education, healthcare, and housing as part of broader economic planning. These sectors are prioritized due to their direct impact on living standards and long-term development. Officials said the approach focuses on maintaining stability while improving structural conditions in the economy.

Addressing The Energy Challenge

Energy costs remain a key issue amid broader external pressures on the economy. Christodoulides said the government is implementing a defined energy strategy focused on long-term sustainability. Plans include expanding renewable energy capacity to reduce costs and strengthen energy security.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

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.