Tim Fadeev and Andrey Ivashentsev, the co-founders of Game Developers Cyprus (GDCy), which brings the local community together through various events, analyse the reasons behind their exceptional growth, which is expected to lead later this year to the largest open-air GameDev event in the EU and possibly the world.

payabl., one of Europe’s leading PayTechs, was recently granted an Electronic Money Institution licence (EMI licence) by the Central Bank of Cyprus (CBC), which will be passported throughout the EEA.

Invest Cyprus Chairman Evgenios Evgeniou told key foreign investors on the island that he wants them to become the country’s ambassadors, adding: “You are the most credible advocate for our country.”

President Nikos Christodoulides told foreign investors in the country that the government approaches them as its partners, who will help it navigate a landscape marked by challenges and opportunities alike.

An event organised by Invest Cyprus and the Presidency of the Republic entitled “Foreign Investors Dialogue with the Cyprus Government: from feedback to action Cyprus’ Vision on Making Cyprus one of the best places to work, live and do business in” was both successful and particularly productive.

The government’s programme to attract foreign businesses has been embraced by the island’s investors community, while the additional measures announced recently will allow Cyprus to remain a trusted and reliable business hub, according to Elena Damianou, Head of the government’s Business Facilitation Unit (BFU).

Interior Minister Constantinos Ioannou said the newly-introduced Strategic Investments Law aims at simplifying the licensing process for strategic investments and reducing bureaucracy, as part of the government’s overall effort to improve Cyprus’ business environment for its foreign investors.

While acknowledging that the Cyprus Investment Funds Association’s efforts had contributed to Cyprus being in a position to claim a place among Europe’s emerging investment fund hubs, Finance Minister Makis Keravnos also noted that CIFA’s AGM was taking place amidst a series of geopolitical developments that have brought with them challenges and threats.

Nicosia is in first place of on a list of the 10 Top Small European Cities of the Future 2024 in terms of Human Capital and Lifestyle according to a Special Report by fDi Intelligence.

In his statements to the press following the meeting, the Director of the Press Office of the President of the Republic, Mr. Victor Papadopoulos, said that “The presence of the Head and members of the UAE Investment Fund, TAQA, in Cyprus and the meeting that occurred today with president Christodoulides, took place as a follow up to the visit back in the summer of the Deputy Minister of Foreign Affairs of the UAE, responsible for economic and commercial matters.”

The Information and Telecommunication is Cyprus’ fastest growing sector, according to GDP data published by Cystat, highlighting the momentum of the sector as a component of the Cypriot GDP.

The Pharos Arts Foundation, celebrating its 25th anniversary this year, is one of the island’s leading cultural and educational foundations, especially in the area of music, presenting recitals and concerts with some of the world’s leading musicians and ensembles. Here, the Foundation’s Founder and President Garo Keheyan speaks to CBN about the Foundation’s history and reveals plans to build a €15 million Centre for Art, Culture and Dialogue.