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Cyprus Takes Bold Step Towards Cancer Care With New €10M Pediatric Oncology Clinic

by THEFUTURE.TEAM

February 17, 2025

In a transformative leap for children’s healthcare, Cyprus is set to break ground on a new Pediatric Oncology Clinic in Nicosia, following the signing of a €10 million agreement at the Presidential Palace. The clinic, backed by the Cleanthous Foundation, promises to elevate the island’s cancer care to international standards, offering hope and advanced treatment for young patients battling cancer and hematological diseases.

President Nikos Christodoulides, who attended the agreement ceremony, hailed the project as an “investment in life, hope, and the future.” The deal was officially sealed by Health Minister Michalis Damianos, State Health Services Organisation (Okypy) President Marinos Kallis, and Maria Charalambidou, the President of the Cleanthous Foundation. The new clinic will be strategically located on state-owned land near Makarios Hospital, with Okypy overseeing its management once completed.

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This initiative is poised to make Cyprus a regional leader in pediatric cancer care. As President Christodoulides noted, with the Cleanthous Foundation’s contribution, the island could become a vital hub for the treatment of childhood cancer, extending its influence far beyond its borders. The foundation’s commitment, he emphasized, is a gift not only to Cyprus but to the entire region.

Maria Charalambidou, in her address, shared the foundation’s vision of not only providing top-tier medical treatment but also fostering a nurturing environment where children can continue to learn and grow. The clinic’s design includes dedicated research spaces, reflecting the foundation’s aim to enhance Cyprus’ role in childhood cancer research.

Okypy’s Marinos Kallis also provided important context, revealing that approximately 42 new cases of childhood cancer are diagnosed each year in Cyprus. Alarmingly, there has been a notable increase in thyroid cancer among adolescents, particularly girls aged 15 to 19. However, the good news is that the cure rate for childhood cancers in Cyprus stands at an impressive 100%.

This €10 million project is more than just a clinic—it symbolizes hope, innovation, and compassion for the youngest patients facing their toughest battles.

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Foreign Firms Contribute €3.5 Billion To Cyprus Economy In 2023

by THEFUTURE.TEAM

November 12, 2025

Recent Eurostat data reveals that Cyprus remains an outlier within the European Union, where foreign-controlled companies contribute minimally to the nation’s employment figures and economic output. While these enterprises have a substantial impact in other member states, in Cyprus they account for only 10 percent of all jobs, a figure comparable only to Italy and marginally higher than Greece’s 8 percent.

Employment Impact

The report highlights that foreign-controlled companies in Cyprus employ 32,119 individuals out of a total workforce that, across the EU, reaches 24,145,727. In contrast, countries such as Luxembourg boast a 45 percent job share in foreign-controlled firms, with Slovakia and the Czech Republic following closely at 28 percent.

Economic Output Analysis

In terms of economic contribution, these enterprises generated a total value added of €3.5 billion in Cyprus, a small fraction compared to the overall EU total of €2.39 trillion. Notably, Ireland leads with 71 percent of its value added stemming from foreign-controlled firms, followed by Luxembourg at 61 percent and Slovakia at 50 percent. On the lower end, France, Italy, Greece, and Germany exhibit values below 20 percent.

Domestic Versus Foreign Ownership

The data underscores Cyprus’s heavy reliance on domestically controlled enterprises for both employment and economic output. However, it is important to note that certain businesses might be owned by foreign nationals who have established companies under Cypriot jurisdiction. As a result, these firms are classified as domestically controlled despite having foreign ownership or management components.

Conclusion

This analysis emphasizes the unique role that foreign-controlled enterprises play within the Cypriot economy. While their overall impact is limited compared to some EU counterparts, the presence of these companies continues to contribute significantly to the island’s economic landscape.