Breaking news

Cyprus Unveils Ambitious Global Campaign to Attract Diaspora Talent

by News Editor

In an exciting initiative, Cyprus has set the stage for a monumental campaign to repatriate its talented diaspora. Announced by President Nikos Christodoulides at the IN Business Awards 2025, the “Minds in Cyprus” project is a strategic move to lure skilled Cypriots back home. Launching next week in the UK and backed by Invest Cyprus and the Cyprus Chamber of Commerce and Industry, this campaign aims to enrich Cyprus’s professional landscape.

Strategic Moves Backed by Data

Already, over 750 Cypriots have expressed interest, leading to an upgrade of the event venue in London. This illustrates the keen interest in this initiative, which isn’t solely focused on tax breaks. Additional support measures are poised for approval to ease the transition for returnees.

Building a Stronger Economy

Cyprus’s GDP growth rate reaching 3.4% in 2024 positions it among the fastest-growing economies in the EU. Unemployment is below 5%, with youth unemployment seeing a swift decline, fostering a business-friendly environment. This development aligns with aggressive economic reforms, including the first substantial tax reform in two decades, focusing on reducing burdens and promoting investments in digital and green technologies.

Technology and Education in Focus

Emphasizing digital advancements, the “Digital Citizen” platform has streamlined public services, with upcoming integrations with Greece’s system set to introduce new services by 2025. Education reforms are also on the horizon, aiming to sync academia with workforce needs.

Boosting Cyprus’s Global Presence

Initiatives since early 2024 have aimed to elevate Cyprus’s standing as a dynamic global business hub. Highlights include engagements in tech and energy sectors in the US, underscoring Cyprus’s renewed appeal as an investment destination. Interested in more developments? Check out how Cyprus joining the Schengen Area reshapes its European interface.

Greek Tankers Transit Hormuz As Shipping Risks Rise In Gulf And Black Sea

by THEFUTURE.TEAM

Two tankers linked to George Prokopiou passed through the Strait of Hormuz as regional tensions continue to affect shipping routes in the Gulf.

Safe Passage Through Hormuz

The tanker Smyrni, operated by Dynacom Tankers Management, was observed off the coast of Mumbai on Saturday morning after its earlier positioning in the Persian Gulf. The vessel, like its predecessor Shenlong, temporarily disabled its transponder during transit, a common practice in these narrow channels under uncertain conditions.

Robust Market Commitments

Despite reduced shipping traffic through the strait, Dynacom has continued expanding its fleet. The company recently ordered four additional VLCC tankers from Hengli Heavy Industry. Each vessel will have a capacity of 300,000 deadweight tonnes. With the new order, Dynacom’s VLCC program in Chinese shipyards now totals 16 vessels.

Security Incident In The Black Sea

In a separate incident, the Greek-flagged tanker Maran Homer sustained minor damage near Novorossiysk in the Black Sea. The vessel is operated by Maran Tankers Management, part of the shipping group controlled by Maria Angelicoussis.

Reports indicated the ship was struck by a missile or drone about 14 nautical miles from the port. The crew of 24, including Greek, Filipino and Romanian sailors, was not injured. The vessel, which was not carrying cargo, continued sailing under its own power.

eCredo
Uol
Aretilaw firm
The Future Forbes Realty Global Properties

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter