Open Calls

Cyprus Launches De Minimis Sponsorship Plan to Accelerate Global Market Penetration

by THEFUTURE.TEAM

December 2, 2025

Government Initiative Aims to Empower Cypriot Exporters

The Cypriot government has taken a decisive step to boost the international competitiveness of its local businesses. The Cabinet recently approved the new De Minimis Sponsorship Plan, designed to support Cypriot companies participating in international trade exhibitions where the Ministry of Energy, Commerce and Industry (MEIC) operates a government booth. The initiative, proposed by Minister George Papanastasiou, is poised to drive Cypriot producers into new markets.

Strategic Investment to Enhance Global Outreach

With a targeted budget of €1,700,000 allocated for 2026, the plan seeks to strengthen the international presence of Cypriot companies involved in manufacturing and product trading. The overarching goal is to increase exports and assist these enterprises in penetrating competitive global marketplaces. This strategic investment is expected to empower businesses to achieve sustainable growth, resonating with similar international initiatives that have successfully deepened market reach.

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Eligibility and Submission Guidelines

Eligibility for the scheme extends to companies and officially recognized Producer Groups and Organizations operating in the industrial processing and trading sectors—including those in allied service industries. Notably, the government clarifies that participation is contingent on the timely receipt of applications. Companies are eligible to apply individually via direct submission, by registered mail, or private courier between November 28, 2025, and December 19, 2025. Late submissions beyond December 19, 2025, will be considered untimely and will not be reviewed.

Global Trade Fairs on the Horizon

The approved sponsorship plan will facilitate participation in a series of high-profile international trade fairs. Key events include the Industrial Products Exhibition in Athens (May 8-10, 2026); Food and Beverage exhibitions in Dubai (January 26-30, 2026); and notable exhibitions in Düsseldorf (March 15-17, 2026), Paris (October 17-21, 2026), and Berlin (February 4-6, 2026). These events represent well-timed opportunities for Cypriot businesses to showcase their products on a global stage.

This government-backed initiative is a clear indication of Cyprus’s commitment to fostering economic growth through enhanced international trade. It underscores a forward-thinking approach where strategic public investments catalyze private sector success on global platforms.

The Future Forbes Realty Global Properties

Drakos DMC Launches Exclusive Scholarship To Cultivate Future Tourism Leadership

Overview Of The Scholarship Initiative

Drakos DMC, a prominent destination management company operating across Cyprus and Greece, has announced a strategic scholarship opportunity aimed at nurturing emerging talent in the tourism industry. This initiative offers a full scholarship for a Master of Science in Tourism Management at the Cyprus University of Technology (Tepak), valued at €5,125.

Scholarship Details And Eligibility

The award targets final-year students and recent graduates up to 24 years of age who hold degrees in tourism, business administration, marketing, or related areas. Candidates are expected to demonstrate excellent academic performance and must be permanent residents of Limassol. For undergraduate tourism students, the scholarship may also apply to postgraduate studies in complementary fields.

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Commitment And Career Advancement

A unique feature of this scholarship is its linkage to immediate professional integration. The successful candidate is required to commence full-time employment with Drakos DMC while pursuing the postgraduate degree and to continue with the company for an additional 30 months upon completion. Applications can be submitted by contacting Drakos DMC through their careers email, accompanied by a current curriculum vitae.

Application Process And Timelines

Prospective candidates must apply for the master’s program between February and April 2026. The full terms and conditions of the scholarship will be outlined in close coordination with the Cyprus University of Technology.

About Drakos DMC

Renowned for its premium travel experiences, Drakos DMC specializes in incentive travel, conference management, corporate events, and the design of integrated programs for international organizations. Their comprehensive approach, which spans strategic planning through to on-the-ground execution, underlines their status as a leader in the tourism management sector.