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Cyprus Emerges As Fastest Growing Startup Ecosystem Globally

Cyprus has achieved a significant milestone by being recognised as the fastest-growing startup ecosystem globally, ranking within the top 50 countries for the first time in the Startup Blink Global Startup Ecosystem Index 2024. The country climbed nine positions to secure the 45th spot, thanks to the vibrant startup environments in Limassol, Nicosia, Larnaca, and Paphos.

Strategic Efforts and Recognition

Nicodemos Damianou, the Deputy Minister for Research, Innovation and Digital Policy, hailed this achievement as a testament to Cyprus’ commitment to fostering innovative entrepreneurship. Eli David Rokah, CEO of Startup Blink, praised Cyprus for its effective policies that have incentivised rapid ecosystem growth.

Cyprus’ ascent in the global startup rankings underscores its potential as a regional innovation and technology hub. The government’s ongoing support for innovative policies is expected to sustain and accelerate this growth trajectory.

Kuwaiti Ambassador Advocates For Strengthened Ties Between Cyprus And GCC Nations

The Kuwaiti Ambassador to Cyprus, Abdullah Musaed Al-Khorafi, has underscored the vital need to deepen dialogue between Kuwait, Cyprus, and the Gulf Cooperation Council (GCC) nations, as well as the broader Arab world. He made these remarks during a luncheon held at his Nicosia residence on February 4, which brought together key diplomatic figures.

The event was hosted in honor of Annita Demetriou, President of the House of Representatives of Cyprus, and was part of a series of high-level diplomatic gatherings organized by the Kuwaiti Embassy in Cyprus. Among the attendees were the ambassadors and heads of Arab diplomatic missions in Cyprus, as well as representatives from the U.S. and Swiss embassies.

Ambassador Al-Khorafi took the opportunity to lead an expanded discussion on pressing regional and international developments, focusing particularly on the Middle East. Topics included the ongoing crises in Syria, Lebanon, and Palestine, with a strong emphasis on how these events affect regional stability.

The luncheon also served as a platform for talks on enhancing cooperation between Cyprus and GCC countries, as well as broader Arab nations. The discussions highlighted opportunities to strengthen ties in key sectors such as education, culture, trade, investment, and tourism. The aim is to build closer connections between people and foster mutual benefits.

In his opening speech, Ambassador Al-Khorafi stressed the importance of promoting dialogue at both governmental and societal levels, not only between Kuwait and Cyprus, but across the entire GCC and Arab world. He expressed his gratitude for the presence of President Demetriou, noting that her participation symbolized Cyprus’ commitment to advancing relations with Kuwait and its regional partners.

President Demetriou, in turn, thanked the ambassador for his hospitality, reflecting on the fruitful discussions and shared goals for enhancing Cyprus’ relations with Kuwait and the wider Arab world. She reaffirmed the importance of cooperation and strategic partnerships between Cyprus and the GCC countries, especially in areas of mutual interest and concern.

This meeting, according to Demetriou, was a testament to the strong diplomatic relations between Cyprus and Kuwait, as well as the ongoing efforts to broaden and deepen ties with the Arab world.

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