Facebook Linked In Twitter

Cyprus Supports European Deposit Insurance Scheme Creation, FinMin Told ECOFIN Meeting

President Anastasiades Calls For Unity To Address National Challenges



brought to you by Deloitte

TechIsland Congratulates Winners of 9th International Investment Awards

TechIsland Congratulates Winners of 9th International Investment Awards

Cyprus’s technology sector is showing its potential, thanks to its potent blend of international technology companies that have chosen Cyprus as their home, and innovative indigenous firms. It is with a great feeling of appreciation, watching the International Investment Awards which took place at the Cyprus Presidential Palace, where 6 Companies received an award for their recognition of their significant contribution to the Cypriot economy.

It is highlighted that out of the 6 companies receiving awards, the 5 are technology companies, and among them 3 members of TechIsland, a non-profit organization - Exness, Nexters and Easybrain. In this respect, the Board of TechIsland would like to congratulate all 6 companies and their continuous contribution to the Cypriot economy. The fact that 5 out of the 6 companies that received an award are coming from the technology and innovation sector, show that technology is key to underpinning Cyprus future sustainable economic growth which has the potential to be developed on solid foundations.

The technology and innovation sector in Cyprus provides an opportunity for people to build exciting careers, which creates economic growth and competence in the country, and in order to sustain this sector and ensure continued growth, a ready supply of individuals with contemporary knowledge and skills is vital. It is highlighted that the contribution of the Tech sector in Cyprus, is expected to reach the 7% percentage of the country’s annual GDP. To retain this traction, one of the biggest challenges is the attraction of talent. The education system cannot provide the numbers needed, and Cyprus must have an efficient regulatory framework to allow people to come in sufficient numbers.

TechIsland warmly welcomes the statement made by the President of the Republic of Cyprus H.E. Nicos Anastasiades on Wednesday, stating that the government will within the following months announce a new incentive scheme for attracting high-tech companies that will facilitate the establishment and hiring of employees, and also offering tax incentives and expedited licensing procedures.

The above statement is in line with one of the mandates of TechIsland, to make Cyprus the tech island of the Mediterranean, by consulting the Government for improving the regulatory framework that will result in the continuous expansion of Technology companies activities, along with attracting Tech companies to the country.

TechIsland welcomes the actions that are being taken and which are expected to accelerate the development of the sector of technology and innovation in Cyprus, a sector which TechIsland predicts to become a new main pillar for the development of the country's economy.

For more information about TechIsland you can visit the website of TechIsland Organization at:


The Yianis Christodoulou Foundation Thanks Kyrenia Nautical Club Masters Division For Supporting Paidiki Leshi Kaimakliou Upgrade

The Yianis Christodoulou Foundation expresses it great appreciation to Kyrenia Nautical ...

PwC Cyprus Honoured Its People For Their Distinctions And Achievements

PwC's trainee accountants and professionals achieved significant distinctions over the ...

eBOS Leads The R&D Way In Cyber Defence, By Putting Cyprus On The European Defence Map

  eBOS Leads The R&D Way In Cyber Defence, By Putting Cyprus On The ...



AstroBank: Investment Opportunities In Commercial And Industrial Properties

Investment opportunities in commercial and industrial properties throughout Cyprus are available through AstroBank. Many of the properties have existing ...

The Cyprus Bar Association (CBA): Legal Gala Dinner 2022

The Cyprus Bar Association (CBA) is organizing the Legal Gala Dinner 2022, set to take place on Thursday, 3 February 2022 at 19:30, at the Hilton Nicosia. The ...

FINTECH: The Revolution Where No-one Gets Hurt

Fintech: It’s the buzzword of our times, often described as the 5th industrial revolution. But is it really a revolution? Think about it: What do all ...

Bitcoin 'Founder' To Keep 1m Bitcoin Cache

A computer scientist who claims he invented Bitcoin has won a court case allowing him to keep a cache of the cryptocurrency worth billions of dollars.

A Cyprus Settlement To Contribute To Regional Stability, Joint Declaration By Israel, Cyprus And Greece Says

A Cyprus settlement in line with international law and UN Security Council Resolutions would significantly contribute to the peace and stability of the region, ...

Cyprus Supports European Deposit Insurance Scheme Creation, FinMin Told ECOFIN Meeting

Finance Minister Constantinos Petrides reiterated that Cyprus supports the completion of the banking union during Tuesday’s meeting of the Economic and ...

President Anastasiades Calls For Unity To Address National Challenges

President of Cyprus Nicos Anastasiades called for unity in the interior, to address important national challenges, in difficult times for the country.

Banking Software: Challenges Vs Opportunities

Banks as we know them today have a diverse portfolio of products and services that are continually adapted to the needs of individuals and corporate clients. ...