Strategic Alliance Drives Innovation In Space Economy And Digital Technologies

by THEFUTURE.TEAM

March 18, 2026

A renewed memorandum of understanding between the Eratosthenes Centre of Excellence and the Limassol Chamber Of Commerce And Industry marks a significant milestone in aligning advanced research with practical business innovation. This partnership, reinstated during the EXCELSIOR Space Industry Day Synergies And Collaboration event at the Blue Economy Innovation Centre in Limassol, underscores a steadfast commitment to merging academic insight with entrepreneurial expertise.

Bridging Research And Business

Reaffirming their collaborative legacy, the leaders of both organizations are poised to catalyze opportunities in space technologies, Earth observation, and digital innovation. CEO Diofantos Hadjimitsis articulated the Centre’s mission: to convert pioneering research into tangible services that address critical societal challenges. A notable example is the PRECiRRI precision irrigation digital platform, which harnesses Earth observation data alongside artificial intelligence to optimize water management in agriculture, thereby enhancing resource efficiency.

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Enhancing The Regional Innovation Ecosystem

President Andreas Tsouloftas of the Chamber emphasized the critical role of this partnership in bolstering Limassol’s standing as a nexus of technological innovation. The integration of a prominent research institution into the local business landscape not only elevates the city’s innovation ecosystem but also lays the groundwork for emerging business opportunities in high-growth sectors.

Charting A Future Of Growth And Collaboration

A renewed memorandum goes beyond a formal agreement and outlines cooperation in research and business activities. Focus areas include applications in the space economy and Earth observation technologies. Further work reflects broader efforts to link innovation with economic development and expand the use of space-related technologies.

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Cyprus’ Poverty And Social Exclusion Risk Stands At 17.1%

by THEFUTURE.TEAM

October 20, 2026

Cyprus recorded a poverty or social exclusion risk rate of 17.1% in 2025, below the European Union average of 20.9%, according to new Eurostat figures. Across the bloc, however, more than 92 million people continued to face the risk, highlighting persistent social and economic inequalities.

More Than 92 Million People At Risk Across The EU

A total of 92.7 million people across the EU were at risk of poverty or social exclusion in 2025, equivalent to just over one in five residents.

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Cyprus is treated as a single statistical region because of its size, unlike many member states divided into multiple regions for comparison. Its national figure therefore provides an overall picture but does not capture differences between districts or communities.

Regional Gaps Remain Stark Across Europe

The risk varied considerably across the EU, with the highest rates concentrated largely in southern, eastern and outermost regions. In 24 of the 243 regions with available data, at least 31.5% of the population faced poverty or social exclusion.

These regions were located in Spain, Bulgaria, Greece, Italy, France and Romania, as well as Brussels in Belgium and Bremen in north-western Germany.

French Guiana recorded the highest rate, at 54.8%, followed by Calabria in southern Italy at 45.3% and Sicily at 44%. Melilla, a Spanish autonomous city, recorded 43.7%, while Réunion, another French outermost region, stood at 42.3%.

Central Europe Records The Lowest Rates

At the other end of the scale, 24 regions reported poverty or social exclusion risk rates below 13% in 2025. These included five eastern EU capital regions: Bratislava in Slovakia, Warsaw in Poland, Prague in the Czech Republic, Budapest in Hungary and Zagreb in Croatia.

Other regions with low rates were concentrated in northern Italy, the Czech Republic, northern Belgium, Hungary, Poland and Austria, illustrating the uneven distribution of economic security across Europe.

Cyprus Remains Below The EU Average

Cyprus’ rate of 17.1% places it below the EU average, although it remains higher than the levels recorded in the bloc’s lowest-risk regions.

The figures suggest that Cyprus performs relatively well compared with the wider EU, but poverty and social exclusion remain significant challenges across the bloc, affecting more than 92 million people.

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