Soaring Construction Costs And The European Housing Crisis

by THEFUTURE.TEAM

September 12, 2025

Rising construction expenses and their subsequent impact on housing availability were the focal points during high-level discussions in Brussels. At the center of these talks was Stephanos Pierides, Secretary General of the Federation of Associations of Building Contractors (Oseok) and Head of Environmental Issues at the European Construction Industry Federation (Fiec), who highlighted the escalating financial pressures faced by the industry.

Industry Leaders Address Affordability Challenges

During his visit, Pierides engaged in separate meetings with Cypriot Members of the European Parliament, including Loukas Fourlas, Michalis Hatzipandelas, and Costas Mavrides. The discussions underscored how surging costs are straining the construction sector and exacerbating issues of housing affordability across Europe.

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Enhancing Strategic EU Collaboration

Pierides also met with Demetris Petrides, an Attaché at the Permanent Representation of Cyprus to the EU, with a clear agenda to bolster cooperation leading up to Cyprus’s forthcoming Presidency of the Council of the European Union in 2026. This dialogue is seen as instrumental in aligning national and EU-level policies that influence the future trajectory of the construction sector.

Commitment To Sustainability And Resilience

As Chairman of Fiec’s Subcommittee on Environment, Pierides actively contributed to discussions with Energy and Housing Commissioner Dan Jorgensen. Key topics included water adequacy and the pivotal role of the construction industry in supporting Europe’s transition towards greater resilience and sustainability.

The Road Ahead

Oseok’s involvement in Fiec not only reinforces Cyprus’s strategic stance but also ensures that national interests are effectively represented in shaping European policies. This active participation is crucial as the construction sector navigates growing challenges while steering towards a more sustainable future.

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EU Moderates Emissions While Sustaining Economic Momentum

by THEFUTURE.TEAM

November 15, 2025

The European Union witnessed a modest decline in greenhouse gas emissions in the second quarter of 2025, as reported by Eurostat. Emissions across the EU registered at 772 million tonnes of CO₂-equivalents, marking a 0.4 percent reduction from 775 million tonnes in the same period of 2024. Concurrently, the EU’s gross domestic product rose by 1.3 percent, reinforcing the ongoing decoupling between economic growth and environmental impact.

Sector-By-Sector Performance

Within the broader statistics on emissions by economic activity, the energy sector—specifically electricity, gas, steam, and air conditioning supply—experienced the most significant drop, declining by 2.9 percent. In comparison, the manufacturing sector and transportation and storage both achieved a 0.4 percent reduction. However, household emissions bucked the trend, increasing by 1.0 percent over the same period.

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National Highlights And Notable Exceptions

Among EU member states, 12 reported a reduction in emissions, while 14 saw increases, and Estonia’s figures remained static. Notably, Slovenia, the Netherlands, and Finland recorded the most pronounced declines at 8.6 percent, 5.9 percent, and 4.2 percent respectively. Of the 12 countries reducing emissions, three—Finland, Germany, and Luxembourg—also experienced a contraction in GDP growth.

Dual Achievement: Environmental And Economic Goals

In an encouraging development, nine member states, including Cyprus, managed to lower their emissions while maintaining economic expansion. This dual achievement—reducing environmental impact while fostering economic activity—is a trend that has increasingly influenced EU climate policies. Other nations that successfully balanced these outcomes include Austria, Denmark, France, Italy, the Netherlands, Romania, Slovenia, and Sweden.

Conclusion

As the EU continues to navigate its climate commitments, these quarterly insights underscore a gradual yet significant shift toward balancing emissions reductions with robust economic growth. The evolving landscape highlights the critical need for sustainable strategies that not only mitigate environmental risks but also invigorate economic resilience.

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