Cyprus Unveils Ambitious Global Campaign to Attract Diaspora Talent

by News Editor

May 15, 2025

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.

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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.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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