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Cyprus Becomes A Global Leader In Video Game Development

Cyprus ranks first worldwide per capita for the number of video game companies, industry revenue and mobile game installs, according to the Cyprus Video Game Industry Report 2025.

The report, published by the Cyprus Game Makers Association (CYGMA), identifies more than 400 companies, over 4,300 employees and more than €3.2 billion in industry revenue in 2025. Games developed by Cyprus-based companies also rank third globally by mobile downloads.

A Rapidly Expanding Industry

Cyprus’ gaming sector has grown significantly in recent years. Between 2019 and 2024, the number of companies increased from 169 to 393, while employment nearly tripled from 1,438 to 4,320.

Industry turnover rose from €1.26 billion in 2019 to €4.35 billion in 2024. Over the same period, the sector’s contribution to GDP increased from around €300 million to €1.15 billion, lifting its share of the economy from 1.3% to 3.3%.

CYGMA says more than 400 studios and related businesses now operate on the island, placing Cyprus among Europe’s 10 largest video game markets by revenue.

Mobile Gaming Drives Revenue

Mobile games remain the sector’s biggest source of revenue. In 2025, they generated around €1.8 billion, compared with €1.4 billion from PC and console games.

Cyprus-based companies released 571 mobile titles that generated about 615 million downloads. This puts Cyprus third worldwide for mobile game downloads and 11th for in-app purchase revenue.

However, most mobile revenue came from older titles. Only €66 million, or about 4% of the €1.8 billion total, was generated by games released in 2025.

Talent Shortages Remain A Challenge

The industry is heavily focused on international markets, with most games developed in Cyprus targeting users abroad.

Rapid growth has also created a shortage of specialised workers. Universities in Cyprus currently produce only three to six graduates a year from dedicated video game development programmes, while the industry is estimated to need between 100 and 300 new entry-level employees annually.

CYGMA is working with universities to expand specialised programmes, which could eventually add 45 to 85 trained graduates to the labour market each year.

Major Deals Highlight Industry’s Growth

The report also points to Cyprus’ growing importance in the global gaming industry through major acquisitions. Since 2020, disclosed deals involving Cyprus-based companies have reached €2.76 billion.

One of the largest was Miniclip’s €1.06 billion acquisition of Easybrain in 2025. The report also highlights the sector’s strong direct-to-consumer expertise: around 86% of PC and console game revenue comes from channels outside Steam.

Together, the figures show how Cyprus has developed from a relatively small gaming market into a significant export-oriented hub for video game companies.

Francis Halzen Wins Nobel Prize For Turning Antarctic Ice Into A Window On The Universe

A Detector Built For The Rare And The Distant

A detector buried deep beneath the Antarctic ice has delivered one of physics’ most consequential breakthroughs — and earned its creator the field’s highest honor. Belgian physicist Francis Halzen has won the 2026 Nobel Prize in Physics for pioneering work behind IceCube, the cubic-kilometre observatory designed to capture neutrinos from the farthest reaches of the cosmos.

“This year’s prize is about ghostly messengers from space,” said Ellen Moons, secretary general of the Royal Swedish Academy of Sciences, announcing the award in Stockholm.

The academy praised Halzen for “decisive contributions to the IceCube Neutrino Observatory and the discovery of high-energy neutrinos of astrophysical origin,” calling the project a breakthrough that has “paved the way for a new kind of astronomy.”

Why Neutrinos Matter

Neutrinos are among the most elusive particles known to science. They are produced in some of the universe’s most violent environments, yet they pass through matter almost unhindered, making them extraordinarily difficult to detect. That same quality is precisely what makes them so valuable to researchers: because neutrinos travel in a straight line and emerge intact, they can carry information from deep space that light and other particles cannot.

As the academy explained, “Neutrinos reach us without changing direction or losing energy. This means they can provide information that is not available in any other way.”

The challenge is scale. High-energy cosmic neutrinos are extremely rare, which means scientists need an enormous detection volume to catch enough collisions to study them. IceCube meets that challenge by using a vast block of Antarctic ice instrumented with light sensors.

From A 1988 Idea To A Global Research Landmark

Halzen first proposed the observatory in 1988, and the concept quickly gained support among other researchers. Early tests followed in the years after, but the full detector was not completed until 2011. Today, the IceCube Observatory at the Amundsen-Scott South Pole Station is the world’s largest neutrino detector.

Halzen, who serves as principal investigator of the project, said the prize was especially meaningful because of the team behind it. “For me, the main pleasure of it, besides winning the Nobel Prize, is that I hope this reflects on the really courageous people who joined me in the beginning of this project,” he said.

From Leuven To The South Pole

Born in Tienen, Belgium, Halzen earned a master’s degree in physics from KU Leuven in 1966 and a doctorate in 1969. He later became a US citizen and is now a professor at the University of Wisconsin–Madison, where he directs the Institute for Elementary Particle Physics. More about the university can be found at https://www.wisc.edu/.

Since the 1970s, Halzen has been a leading figure in cosmic ray and astroparticle physics, with research spanning cosmic ray anomalies and quark matter. He has also served on advisory committees for major scientific institutions, including the Sudbury Neutrino Observatory in Canada and Germany’s Max Planck Institutes.

Speaking by phone from Italy shortly after the announcement, Halzen called the prize “a great surprise” and said he had not expected it. “But it’s a great pleasure to hear about this prize,” he added.

The Second Nobel Of The Season

Halzen’s award is the second Nobel announced this year. On Monday, the medicine prize went to US psychiatrist and neurologist Karl Deisseroth, along with German scientists Peter Hegemann and Georg Nagel, for their pioneering work in optogenetics, a method that uses light to control nerve signals.

The chemistry prize will follow on Wednesday, the literature prize on Thursday and the peace prize on Friday. The economics prize closes the Nobel season on Monday, October 12.

Each Nobel Prize includes a diploma, a gold medal and 12 million Swedish kronor, or about €1.1 million, with the award shared if there is more than one laureate. The ceremony will be held on December 10, the anniversary of Alfred Nobel’s death in 1896.

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