Breaking news

Cyprus Secures €55 Million Investment for Research and National Growth

by THEFUTURE.TEAM

September 25, 2025

Strategic Financial Agreements Propel Innovation

Cyprus has taken a decisive leap in bolstering its research and development capabilities with two strategic financing agreements totaling €55 million. In a ceremony held at the Finance Ministry in Nicosia, Finance Minister Makis Keravnos, European Investment Bank (EIB) Vice President Kyriacos Kakouris, and CING Chief Executive Leonidas Phylactou underscored the power of enduring partnerships. The agreements, which include €5 million for the construction of a new CING research building and €50 million for the Thalia 2021–2027 programme, highlight a shared commitment to national development and sustainable growth.

Boosting Research Infrastructure and Advanced Care

The first agreement, infusing an additional €5 million into the Cyprus Institute of Neurology and Genetics (CING), raises the total EIB support for the institute to €31 million. This initiative, underpinned by a state guarantee and supplementary grant adjustments, will finance the construction of a new building designed to house pioneering research and development projects. As Finance Minister Keravnos noted, this investment is poised to enhance the nation’s research capacity and elevate Cyprus’ performance in global biomedical indicators. Kakouris highlighted the tangible benefits of the project, including advanced patient care and enriched opportunities for scientific research.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Driving Economic Growth Through Cohesion

The second agreement earmarks €50 million for the Thalia 2021–2027 programme—a cornerstone of the EU cohesion policy in Cyprus. This initiative is forecast to contribute a 5.9% increase in the country’s GDP and generate approximately 8,500 jobs by 2029. Vice President Kakouris emphasized the transformative nature of projects under the Thalia programme, which span from energy management and digital public services to modernizing educational and research infrastructures. These investments are central to the government’s mission to foster a smarter, greener, and more equitable Cyprus.

Strengthening International Ties and Future Prospects

During the ceremony, Minister Keravnos praised the longstanding relationship between Cyprus and the EIB, built on shared values and mutual trust. He also acknowledged Vice President Kakouris’ contributions, noting that his efforts have not only benefitted Cyprus but have also set a precedent for representation by small states at the European Investment Bank. Additionally, CING’s expansion will soon welcome six new research teams, further cementing the country’s position as a hub for biomedical innovation, job creation, and international scientific collaboration.

Conclusion: A Blueprint for Resilient Growth

This dual-faceted investment marks a significant milestone for Cyprus as it cultivates a resilient and sustainable future. With enhanced research infrastructure, robust economic growth, and a commitment to public well-being, Cyprus is poised to become a leading centre for innovation and development in the region.

The Future Forbes Realty Global Properties

Bank Of Cyprus Launches Cybersecurity Programme For Students In Limassol

by THEFUTURE.TEAM

March 31, 2026

Bank of Cyprus launched a cybersecurity initiative in Limassol as part of its “The Young Ask and Provide Solutions” programme, involving students in simulated cyberattack scenarios. The programme focuses on practical training in cyber defense and awareness of risks linked to digital infrastructure.

Innovative Collaboration And Real-World Challenges

In partnership with the Education Ministry and non-profit organization TechIsland, the programme provided a robust platform for young minds to confront realistic cyberattack simulations. Held at the modern Limassol regional offices of the Bank of Cyprus, the interactive space enabled 60 secondary school students from across the region to collaboratively tackle the complex threats facing national digital infrastructure.

Follow THE FUTURE on LinkedIn, Facebook, Instagram, X and Telegram

Practical Exercises And Strategic Insights

Participants took part in workshops built around cyberattack scenarios. Tasks included identifying prevention strategies, planning response measures, and proposing public awareness approaches. The exercises focused on coordination and decision-making during cyber incidents.

Empowering Tomorrow’s Leaders

According to Elli Ioannidou, the programme is designed to combine theoretical knowledge with practical experience. She said the initiative aims to help students understand real-world challenges and develop problem-solving skills. Additional input was provided by Marios Stavrou, who noted that managing cyber incidents requires coordination across multiple teams and functions.

Building A Resilient Cyber Ecosystem

Experts, including Mathaios Panteli and Tanya Romanyukha highlighted the importance of early digital skills and cybersecurity awareness. Their comments focused on preparing the future workforce skills needed for managing digital risks. The programme forms part of broader efforts to strengthen cybersecurity awareness and education in Cyprus.

The Bank of Cyprus remains committed to investing in forward-thinking initiatives that inspire youth and enhance community awareness. Through these targeted efforts, the bank is not only addressing immediate security challenges but also contributing to a future where advanced technology and robust cyber defense mechanisms coexist seamlessly.