Unpacking the Suspension Of The Greece-Cyprus Energy Interconnection Project

by News Editor

March 7, 2025

The ambitious Greece-Cyprus electrical interconnection endeavor, known as the Great Sea Interconnector-2GSI, faces a temporary halt due to intensifying geopolitical tensions and financial uncertainties. This ambitious project, originally aimed at enhancing energy connectivity, now faces new challenges.

Current Challenges And Decisions

Greece’s Independent Power Transmission Operator (ADMIE) has suspended funding, citing a need to align with current geopolitical and economic realities. In July 2024, Turkish naval forces obstructed an Italian vessel conducting seabed surveys, complicating progress and resolution efforts with Turkey.

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The Greek government is exploring diplomatic measures to potentially resume the project while managing financial burdens on taxpayers. An article from The Future Media highlights the broader economic dynamics in the region, which are pivotal in understanding this pause.

Stakeholder Perspectives

Both the Greek Ministry of Environment and Energy and corporate stakeholders, such as Nexans, are in accord with the suspension decision. According to Cypriot Energy Minister George Papanastasiou, protective measures are essential for ADMIE to manage finances effectively.

Despite pressures from Nexans to proceed, the Greek administration insists the project is ongoing and that the pause is for judicious progress, seeking more input from allies like France, Israel, and the US.

The Greece-Cyprus energy link remains ambitious, but regional political tensions, particularly with Turkey, could dictate its trajectory.

As we wait and watch, it’s clear that geopolitical nuances will greatly influence energy dynamics in the Eastern Mediterranean.

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Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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