Smart Meter Deployment Expands Across Cyprus: Enhancing Energy Infrastructure

The Electricity Authority of Cyprus started installing smart meters across multiple regions, requiring temporary power interruptions of about 20 minutes during each upgrade. Deployment is part of a broader effort to modernise the electricity network and improve energy consumption monitoring.

Upgrading The Nation’s Energy Grid

Installations in Nicosia cover residential areas east of Yiannos Kranidiotis Avenue, from Ayios Georgios Street to Alexander The Great Avenue. Additional works extend along Ayios Georgios and Demetris Stavrou Avenues in Latsia. These upgrades aim to improve grid reliability and enable more accurate measurement of electricity usage. Focus remains on areas with high residential demand.

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Targeted Rollouts In Key Urban Centers

Works extend along both sides of the Nicosia–Limassol motorway, from Rizokarpaso Street and Eleftherios Venizelos Street to the Dhali industrial area. Areas including Helioupolis, Kallithea and the municipality of Tseri are included in the rollout. Coverage across these zones expands access to smart metering in densely populated corridors. This approach supports broader network integration.

Broadening The Network In Limassol And Larnaca

Installations in Limassol are concentrated within areas bounded by October 28th Avenue and Archbishop Makarios III Avenue, including Grivas Digenis, Gladstone and Anexartisia streets. In Larnaca, the rollout includes the Oroklini area. Expansion across these locations increases the share of households connected to the upgraded system. Deployment follows a phased schedule.

Expanding Benefits Across Famagusta And Paphos

Dherynia in the Famagusta district is included in the rollout, with installations planned in central areas and along Archbishop Makarios III and Stadiou Avenues. In Paphos, works cover areas in Yeroskipou between Archbishop Makarios III Avenue and Evagoras Pallikarides Street. Further expansion across districts supports nationwide coverage of smart meters. Implementation will depend on installation timelines and rollout progress.

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Cyprus Services Sector Shows Robust Performance In 2025 As Tourism, Digital Innovation, And Shipping Surge

by THEFUTURE.TEAM

April 6, 2026

The Employers and Industrialists Federation (OEV) reported growth across Cyprus’ services sector in 2025, with increases recorded in tourism, professional services and administrative activities. Data show continued expansion across multiple sub-sectors, reinforcing the role of services in economic output and employment.

Service Sector Leadership

Accommodation and food services grew by 9.5%, while administrative and support activities increased by 7.4%. Professional, scientific and technical activities rose by 4.6%, followed by information and communication at 4.3%. Transport and storage recorded growth of 2.8%, while real estate activity increased by 0.4%. These figures indicate broad-based expansion across service industries.

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A Remarkable Tourism Surge

Tourist arrivals reached 4,534,073 in 2025, marking a 12.2% increase year-on-year. December arrivals totaled 156,959, up 18% compared with the same period a year earlier. Tourism continues to support revenue generation and seasonal demand across the economy. Growth in visitor numbers contributes to activity in hospitality and related sectors.

Driving Digital Transformation

OEV is supporting digital adoption through initiatives such as the DiGiNN Cyprus Digital Innovation Hub. The program focuses on improving business processes, skills development and technology integration. Additional efforts include the establishment of a Digital Transformation and Innovation Committee and international engagement through business missions. These actions support the adoption of digital tools across sectors.

Resilient Shipping Sector

Shipping accounted for about 7% of Cyprus’s GDP in 2025, remaining a key component of the economy. The Cyprus Registry recorded its highest tonnage in 20 years, with an increase of nearly 20%. Fleet growth strengthens Cyprus’ position within European Union shipping registries and global maritime markets. The sector continues to contribute to economic stability.

Strengthening The Economic Foundation

OEV is organizing conferences, workshops and exhibitions to support business development across sectors. These initiatives focus on improving operational practices and industry collaboration. Continued investment in services and digital infrastructure is expected to support economic performance.

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