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Bank of Cyprus Invests €2 Million In 33East Investment Fund

The Bank of Cyprus has taken a significant step in supporting innovation and technology by becoming a founding financier in the 33East Investment Fund with a €2 million investment. This initiative is part of the Cyprus Capital Financing Fund, promoted by the Ministry of Finance in collaboration with the European Investment Bank (EIB). The Fund aims to bridge the financial gap in the Cypriot market, primarily investing in start-ups and innovative companies.

Strategic Move for Innovation

The creation of the Cyprus Capital Financing Fund marks a pivotal moment for the nation’s economic landscape. The Ministry of Finance initiated this project to foster growth in sectors that traditionally face funding challenges. The Fund, with a projected size of €37.5 million, will benefit from a substantial state contribution of €27 million, financed mainly through the National Recovery and Resilience Plan, while the remaining funds will come from private investments.

Collaboration with the European Investment Bank

The European Investment Bank (EIB) plays a crucial role in overseeing the Fund’s operation, ensuring that investments are strategically directed towards high-potential ventures. Through a competitive selection process, 33East was chosen by the EIB to manage the Fund, highlighting the confidence placed in their expertise and vision.

Bank of Cyprus’s Commitment

The participation of the Bank of Cyprus in this fund exemplifies its commitment to fostering innovation and supporting the diversification of Cyprus’s economic model. Eliza Livadiotou, Executive Director of Finance at the Bank of Cyprus, expressed the bank’s enthusiasm for this initiative, highlighting its role in promoting sustainable development and economic diversification.

Supporting Innovation and Start-ups

The investment by the Bank of Cyprus is expected to catalyse growth in the start-up ecosystem, providing much-needed capital to innovative enterprises. Demetrios Zoppos, co-founder of 33East, welcomed the bank’s involvement, recognising it as a significant boost for technology and innovation in Cyprus.

Government and Industry Support

George Pantelis, Permanent Secretary of the Ministry of Finance, emphasised the importance of the Fund and the role of the Bank of Cyprus in achieving a modern, knowledge-based economy. The collaboration between the public sector and financial institutions like the Bank of Cyprus is crucial for realising the vision of a dynamic and resilient economic environment in Cyprus.

bbf: Presents :eden coast — The Art Of Living By The Mediterranean

Some destinations are remembered for where they are. Others for how they make us feel.

Life by the Mediterranean has a quality of its own. Defined by light, open horizons and a slower pace, it encourages a way of living where time is measured less by the clock and more by the moments that matter. It is this philosophy that inspired :eden coast.

With the unveiling of :eden coast, bbf: introduces an exceptional collection of beachfront villas in Geroskipou, Paphos, where architecture is conceived as a natural extension of its surroundings. Every residence has been designed to honour the coastline, allowing the sea, the light and the changing seasons to become the defining elements of everyday life.

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At :eden coast, luxury reveals itself with quiet confidence so nothing feels excessive. It is expressed in generous space, carefully composed proportions, enduring materials and an effortless relationship between interior and exterior. Expansive glazing welcomes the Mediterranean sky indoors, while private gardens, terraces and pools encourage a life lived as much outside as within.

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Few locations offer such a natural balance between tranquillity and connectivity. Set along a quieter stretch of Paphos’ coastline, :eden coast enjoys the rare privilege of beachfront living away from the crowds, where the landscape remains unspoilt and the rhythm of the Mediterranean shapes every day. Yet the cultural richness of Paphos, its vibrant dining scene, international airport and every modern convenience are all within easy reach, allowing residents to retreat into complete serenity without ever feeling removed from the world around them.

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Beyond the residences, a carefully curated collection of wellness and leisure experiences extends this philosophy. Landscaped gardens, elegant swimming pools, spaces dedicated to movement and wellbeing, and thoughtfully designed communal areas encourage a slower, richer way of living. They are not amenities in the conventional sense; they are an expression of a lifestyle shaped by balance, privacy and quiet sophistication.

“Our ambition was never simply to create beautiful residences. It was to create a place where architecture, landscape and everyday life exist in complete harmony—a place that feels as though it has always belonged to the coastline,”

says Artem Burtsev at bbf:.

In a world that rarely slows down, :eden coast offers something increasingly rare: the freedom to live at a different pace. Here, mornings begin with the sea, nature sets the rhythm of the day, and the energy of Paphos is always within easy reach. It is a place where tranquillity and connectivity exist in perfect balance, allowing residents to experience the Mediterranean not as a destination, but as a way of life.

For more information:
edencoast.cy
+357 26 962 365

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