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.

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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.

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Genikes Insurance Wins Two Global Banking And Finance Awards

by THEFUTURE.TEAM

May 18, 2026

Genikes Insurance received two distinctions at the Global Banking and Finance Awards 2026, winning Best General Insurance Company in Cyprus and Best Insurance Website Cyprus. The awards reflect the company’s position within the Cypriot insurance market as well as its broader digital transformation strategy focused on expanding online services and improving customer experience.

Market Leadership And Digital Transformation

Genikes Insurance has invested in developing a more modern digital platform designed to simplify key insurance services, including policy issuance and online claims management. The company said the upgraded platform aims to improve efficiency and accessibility while strengthening its position within an increasingly competitive insurance sector.

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Customer-Centric Approach

Commenting on the recognition, General Manager Christiana Agrotis said the company continues focusing on reliability, innovation and customer-focused services tailored to the needs of the Cypriot market. According to Agrotis, the recognition of the company’s digital platform also reflects the trust customers place in its services and broader insurance offering.

Technology-Driven Innovation

The updated website was designed to provide simpler navigation and improved access to insurance information and digital services. Company officials said the platform forms part of broader efforts to integrate technology more closely into customer service and operational processes. Genikes Insurance added that it remains focused on strengthening long-term customer relationships while continuing investments in digital capabilities and service development.

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