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Cyprus Gaming Firm Secures €110,000 Boost from Alter Ego Ventures

This week, Alter Ego Media made headlines by investing €110,000 in CH Game Development Software Limited, marking a strategic stake of 1% in the cutting-edge eGaming company situated in Cyprus. The news unfurled on Wednesday, catching the attention of industry stakeholders.

CH Game Development is celebrated for “Couch Heroes,” a platform poised to revolutionize the gaming industry by offering unique advantages for both developers and gamers. The company embraces a ‘Gamers First’ philosophy, fostering creativity and innovation while striving to rejuvenate the Greek gaming landscape.

The investment aligns with Alter Ego Media’s overarching ambition to harness the vast potential of the eGaming market, creating valuable synergies within its expansive operations. As noted by the Alter Ego Ventures team, the initiative targets dynamic businesses that promise substantial growth and strategic synergy.

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Cypriot Government Employment Sees Modest Growth in April

Total government employment in Cyprus increased by 237 persons, a rise of 0.4 per cent, in April, compared to the same month in 2024, reaching a total of 55,490 employees, according to the state statistical service.

Employment in the civil service and the security forces decreased by 1.2 per cent and 1.1 per cent respectively, while the educational service saw an increase of 3.8 per cent.

Civil Service and Educational Service Breakdown

In April 2025, the civil service employed 11,960 permanent staff, 4,141 employees with contracts of indefinite duration, 1,458 with contracts of definite duration, and 5,798 hourly paid workers.

Permanent employees represented the highest proportion of the civil service workforce at 51.2 per cent, while employees with contracts of definite duration made up the lowest proportion at 6.2 per cent.

In the educational service, there were 12,461 permanent employees, 947 with contracts of indefinite duration, 4,824 with contracts of definite duration, and 141 hourly paid workers.

Permanent staff formed the majority of the educational workforce at 67.8 per cent, while hourly paid workers accounted for only 0.8 per cent.

Security Forces Breakdown

Within the security forces, 8,430 were permanent employees, 4,304 held contracts of indefinite duration, 267 were on definite-duration contracts, and 759 were hourly paid workers.

Permanent employees again made up the largest group in the security forces at 61.3 per cent, with definite-duration contracts representing just 1.9 per cent.

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