Many Cypriots fear their country is losing control as Israel's influence expands into water, defence, energy and health.
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01Summary
- 01Israel's state water company Mekorot runs two of Cyprus's five permanent desalination plants and has signed a new agreement for Nicosia.
- 02Israeli firms own 30% of the Aphrodite gasfield and Israel Aerospace Industries is supplying Cyprus's new Barak MX air defences.
- 03Israeli investments in Cyprus reached 5.1 billion euros ($5.7bn) at the end of 2024, more than six times the 2017 figure.
- 04The Tel Aviv Stock Exchange is considering a bid for the Cyprus Stock Exchange, which would give Israel access to the Eurozone market.
- 05Hadassah Medical Centre opened its first European hospital in Limassol in July 2026.
02Why it matters
Israel now controls essential resources on Cyprus, including water and defence, raising concerns that the island is ceding sovereignty to a foreign power.
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