The strategic importance of space for the economy, security and technological development, as well as Cyprus’ growing role in the European space sector, were highlighted by Deputy Minister of Research, Innovation and Digital Policy Dr. Nicodemos Damianou at the 3rd Space Symposium organised by Hellas Sat in Athens on 8 October 2026.
Dr. Damianou stressed that space is no longer a standalone policy area, but a strategic sector closely linked to national security, economic growth and technological innovation. Citing estimates by the World Economic Forum and McKinsey, he noted that the global space economy could reach $1.8 trillion by 2035.
Highlighting Cyprus’ progress, he referred to the adoption of the National Space Strategy 2025-2030, the introduction of legislation governing space activities and the establishment of the Cyprus Space Office. A major milestone was Cyprus’s accession as an Associate Member of the European Space Agency (ESA) in March 2026. For the 2026-2028 period, Cyprus has committed pound 13.5 million to ESA optional programmes to support local expertise and strengthen Cypriot companies’ participation in European value chains.
Cyprus is also promoting space entrepreneurship through the creation of its first specialised space business incubation centre at the ERATOSTHENES Centre of Excellence. Its existing infrastructure includes four European-interest satellites in orbit, major ground stations operated through CYTA and Hellas Sat, a Galileo Search and Rescue receiving station, and two EGNOS ground stations.
Dr. Damianou also highlighted the development of optical ground stations to strengthen Cyprus’ contribution to the European Quantum Communication Infrastructure (EuroQCI) and the EU’s secure connectivity programme, IRIS². He underlined the importance of strategic cooperation with Greece, particularly in Earth observation, satellite applications, quantum communications and infrastructure, including joint participation in the SEEWQCI project.
Congratulating Hellas Sat on its 25th anniversary, he acknowledged the company’s contribution to satellite communications and the strengthening of the international presence of both countries.
He finally noted the potential of Greek-Cypriot cooperation, stating that, through a shared vision and coordinated efforts, Cyprus and Greece can play an active and reliable role in Europe’s new space era.