Cypriot Businesses Maximize €14M Digital Scheme Budget Instantly

by News Editor

May 21, 2025

In a remarkable turn of events, the €14 million budget allocated for the third iteration of the Cypriot digital upgrade scheme was fully claimed on its very first day of availability. This initiative, organized by the Energy Ministry, underscores the robust enthusiasm of local businesses to enhance their digital capabilities.

High Volume of Applications

A total of 491 applications were submitted within a single day, reflecting a diverse array of both longstanding and new enterprises eager to embrace digital modernization. The applications will undergo evaluation sequentially, determined by their submission order.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Partnership for Progress

This digital scheme is part of the broader Thaleia 2021–2027 program and receives financial backing from both the Republic of Cyprus and the European Union’s European Regional Development Fund (ERDF). For those interested in more developments within Cyprus’s arena of growth, such as the recent trends in building permits, this scheme exemplifies the strategic alignment with EU cohesion policy frameworks.

The Future Forbes Realty Global Properties

CSE Reports March Market Shares As Argus Tops With 30.83%

by THEFUTURE.TEAM

April 7, 2026

Overview

Cyprus Stock Exchange (CSE) reported €31.50 million in share transactions for March 2026, including €11.24 million in pre-agreed trades. Data also cover the first quarter, with total transactions reaching €86.06 million across January to March.

Detailed Market Analysis

CSE provides market share calculations both including and excluding pre-agreed transactions. March figures incorporate these trades, while separate data sets highlight activity without them. Such differentiation reflects varying trading dynamics and offers a clearer view of market structure. Bond values are excluded from percentage calculations.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Quarterly Performance Metrics

Figures for the January–March period show how market shares shift depending on the calculation methodology. Year-to-date data provide a broader perspective on member activity across the exchange. Inclusion or exclusion of pre-agreed transactions affects comparative positioning. These metrics are used to assess overall performance trends.

Key Participant Performance

Argus Stockbrokers Ltd recorded a 30.83% market share in March, with transactions totaling €9.71 million, placing it first for the month. CISCO Ltd held a 24.54% share in March and ranked first for the quarter with 26.19%. Mega Equity Financial Services Ltd followed with 18.31% in March and 24.08% across the quarter. Additional participants included Eurobank EFG Equities with 8.04% and Atlantic Securities Ltd with 7.46%, contributing to overall market activity.

Aggregate Trading Volumes

Pre-agreed transactions accounted for €11.24 million of March’s total turnover. Overall trading value reached €86.06 million for the first quarter. These figures reflect both negotiated and regular market activity, providing a fuller picture of trading volumes.

Conclusion

CSE data outline the distribution of market shares and transaction volumes across members. Distinctions between pre-agreed and regular trades highlight differences in activity patterns. Reported figures provide a basis for evaluating market structure and participant performance.

Breaking news