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Cyprus Expands International Outreach To Attract Returning Professionals

The Cypriot government will expand its outreach initiatives in May to attract highly skilled professionals under the national Minds In Cyprus initiative. The move follows parliamentary approval of a legislative framework that broadens tax incentives for returning expatriates. Government outreach will target international locations, including Athens, Thessaloniki, the United Kingdom, and the United States.

International Outreach And Strategic Engagement

Starting in mid-May, a series of job fairs will support the repatriation effort. The events are designed to connect employers with candidates through direct interaction, including CV exchange and on-site interviews. The format provides immediate access to job opportunities and enables employers to engage with candidates currently working abroad.

The Mechanism Behind Minds In Cyprus

The initiative builds on a 2024 event in England, which attracted more than 750 Cypriot professionals working abroad. The online platform Minds In Cyprus, along with the Opportunities For Talent program of the Ministry of Labor, has attracted interest from 670 expatriates.

Candidates register by submitting personal, academic, and professional information, while employers list open roles. Current listings include 72 private-sector positions and seven public-sector roles, with 371 additional vacancies already advertised.

Data-Driven Matching And Ongoing Support

The Ministry of Labor’s department matches candidate qualifications with employer requirements. Data show 233 matches between candidates and job openings, although limited feedback from participants restricts full evaluation of outcomes. Advisors from the European Employment Services (EURES) support candidates by guiding employment and relocation.

Enhanced Action Plan For A New Era

The updated Action Plan includes measures aimed at accelerating repatriation and integration:

  • Tax incentives have been expanded, with the exemption rate set at 25% and the cap increased from €8,550 to €25,000. The required period abroad has been reduced from 15 to seven years after completing higher education.
  • Citizenship procedures for spouses and partners are being streamlined through the Population and Electoral Archive.
  • Access to state-supported housing is being simplified by removing the two-year permanent residence requirement.
  • Registration procedures for healthcare professionals are being accelerated, alongside recognition of foreign qualifications.
  • Greek language courses are offered with state support to assist integration.
  • Subsidies for in-house training and tuition support for children in private education are included.

The measures define the government’s framework for attracting and integrating skilled professionals into the domestic labor market.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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