articles | 08 April 2021

Cyprus Tech Association: Cyprus-based international ICT companies join forces

As part its efforts to promote Cyprus as an ideal location for international ICT companies, and provide support to existing and potential foreign investors, Invest Cyprus today welcomes the foundation of the Cyprus Tech Association.

The Cyprus Tech Association provides a strong platform for all international ICT companies established in Cyprus to promote new opportunities and partnerships. It also constitutes a formal representation of its members to all forums and offers direction on key strategic issues, including the economic importance of the sector and policy advocacy. In addition, the Cyprus Tech Association acts as a bridge of communication with world-class technology centers, empowering the country's efforts to become an attractive investment destination for foreign investors and a competitive business center.

The Board of Directors of the Cyprus Tech Association consists of representatives from major international ICT companies operating in Cyprus, including as Kyriakos Kyriakou, General Manager Cyprus and Director Government Central and East Europe of NCR Corporation, Giannis Tinis, Head of amdocs Cyprus, Valentinos Polykarpou, General Manager and Global HR Operations and Services of Wargaming, Avi Sela, CEO of eToro Cyprus, Peter Valov, Founder and CEO of Exness, Nick Galea, founder and CEO of 3CX and Pavlos Christoforou, CEO and Chief Technology Officer of Mitsubishi UFJ Financial Group (MUFG) Investor Services Fintech Limited.

Kyriakos Kyriakou, Chairman of the Board of Directors, expressed his appreciation to Invest Cyprus for this initiative. “It is a great honor for every professional to be part of such a significant Association,” Mr Kyriakou said. “Taking this opportunity, I would like to thank the Vice-Chairman and the rest of the Board Members for accepting the invitation to join our Board. I'm certain everyone joining this Association will contribute with excitement and eagerness to support our newly established initiative's goals.Our vision is to make Cyprus an ideal destination for International ICT companies. I feel confident that we can achieve it.” 

The Vice President of the Board, Yiannis Tinis, added: “It is an honour to be elected to the position of Vice-Chairman of the newly established Cyprus Tech Association. I am confident the Association will put all efforts necessary to increase the number of international businesses choosing Cyprus, attract direct investments in the country and support the already established enterprises; I very much look forward to the success of the Association,” he added. 

Avi Sela, CEO of eToro said: “I am honored to be part of the Board of the Cyprus Tech Association. I believe that this initiative will add great value to the Cyprus economy”. As a representative of a major fintech from Israel that chose to expand its European operations in Cyprus, I acknowledge a great potential in the ICT sector. The establishment of the Cyprus Tech Association will allow us to promote and discuss potential challenges and support companies looking to relocate to Cyprus, encouraging the development of the ecosystem in the country. I do look forward to collaborating with all the parties involved to promote this important initiative.” 

The Head of ICT Headquartering Unit at Invest Cyprus and Board Secretary of the Cyprus Tech Association, Marios Tanousis, said: "the establishment of international ICT companies on the island is a top strategic priority for Invest Cyprus. We stand ready to support the existing investors to overcome challenges and successfully scale up operations and at the same time assist new companies relocate to Cyprus.”  

George Campanellas, Chief Executive of Invest Cyprus, which encouraged the foundation of the new organization, said: “Cyprus offers enormous potential to ICT companies of all sizes to help them flourish and grow, and the creation of the new association is an exciting new development that will allow all companies to come together under one umbrella to shape the future of the sector in Cyprus.”

Cooperation Partners
  • Logo for Invest Cyprus
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for Cyprus International Businesses Association
  • Logo for CYFA Cyprus
  • Logo for Association of Cyprus Banks
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus Investment Funds Association
  • Logo for Cyprus Shipping Chamber
  • Logo for Love Cyprus Deputy Ministry of Tourism