Energy Minister George Papanastasiou recently emphasized Cyprus as a burgeoning hub for energy investments. Speaking at the Capital Link Cyprus business forum in New York, Papanastasiou highlighted the island’s strategic location, which is nestled close to Africa and the Middle East, while also being a member of the European Union.
International ratings agencies have bolstered Cyprus’ credibility with recent credit rating upgrades. According to Papanastasiou, such enhancements in financial stature make Cyprus difficult to overlook on the global stage.
While the natural gas reserve in Cyprus’ exclusive economic zone (EEZ) holds great promise, Papanastasiou pointed out infrastructure as the current bottleneck. Efforts are underway to mitigate energy costs and maximize the potential wealth from these reserves. Recent agreements with Egypt further fortify these ambitions, positioning Egypt as a ‘host government’ to refine and transport natural gas efficiently.
Cyprus is also at the forefront of the ambitious Great Sea Interconnector project, which aims to link Cyprus, Greece, and Israel’s electricity grids. Despite geopolitical risks and recent disruptions by Turkish warships, international interest remains robust. The government’s pending decision on financial contributions may shape the project’s future and underscores the urgency highlighted by Greek Energy Minister Theodoros Skylakakis.
As the Mediterranean island ventures into new agreements and collaborative projects, it simultaneously monitors a volatile global trade landscape.
707Conf: Cyprus Gets Its First B2B Conference For The Event Industry
The Warehouse is hosting 707Conf today, the first business-to-business conference created specifically for Cyprus’ event industry. Running from 15:00 to 22:00, the one-day event brings agencies, venues, contractors and technical crews together with the client brands that hire them, all within an aviation-themed format featuring boarding passes instead of badges, a “Ground Crew” of service partners and a “Flight Alliance” of client brands.
Tickets (€14) are sold through SoldOut Ticketbox. The event is produced by The Warehouse’s own team, led by founder Ilya.
The Agenda
15:00 — Boarding. Doors open, registration, exhibition zone live all day.
15:30 — Takeoff. Opening remarks.
15:45 — Clients, Unfiltered. A plenary panel bringing together six client-side brands to discuss what actually makes them choose, or drop, an agency or venue.
16:30 — Love at First Pitch. A speed-dating format pairing suppliers directly with client brands for fast, structured introductions.
17:15 — Discussion Club: Occupational Hazards. A moderated roundtable on the industry’s real operating risks, led by Varvara Rumiantseva.
18:00 — Masterclass. A hands-on session led by Alex Barin.
18:40 — Debrief. Closing reflections and key takeaways from the day.
19:00 — Night Flight. The conference moves into the evening at The Warehouse’s W Bar, where live artists will bring the day to a close.
Exhibition booths will remain open throughout the event, giving Ground Crew partners and exhibitors the opportunity to connect directly with attendees.
A Word From The Founder
“Cyprus has never had a day dedicated entirely to the people who make the events industry happen. This isn’t another client-facing showcase. It’s a space where agencies, venues and production teams can exchange ideas, build relationships and do business with one another. That’s what 707Conf is about.
We’re not asking anyone to pitch to us. Instead, we’re bringing suppliers and the brands that hire them together, on the same schedule, creating opportunities for conversations that usually happen behind the scenes to take place out in the open,”
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