Cyprus Unveils New Initiatives to Promote Electric Vehicle Adoption

by News Editor

May 14, 2025

The Cypriot government is ramping up efforts to advance the adoption of electric vehicles, an essential step towards embracing a green transition and tackling climate change issues. Transport Minister Alexis Vafeades confirmed the unveiling of a new support scheme aimed at bolstering the electric vehicle sector in an official meeting with the Cyprus Employers and Industrialists Federation (OEV).

Upcoming Schemes to Broaden EV Use

A ministry spokesman revealed in a press release that several new strategies to enhance the deployment of electric cars will soon be introduced, potentially extending to other vehicle types. Though the minister refrained from disclosing specific details, he highlighted the initiative’s tight timeline aligned with the recovery and resilience plan.

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The minister has engaged with vehicle importers for insights, highlighting the interconnected nature of this initiative with the local market and industries.

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Genikes Insurance Wins Two Global Banking And Finance Awards

by THEFUTURE.TEAM

May 18, 2026

Genikes Insurance received two distinctions at the Global Banking and Finance Awards 2026, winning Best General Insurance Company in Cyprus and Best Insurance Website Cyprus. The awards reflect the company’s position within the Cypriot insurance market as well as its broader digital transformation strategy focused on expanding online services and improving customer experience.

Market Leadership And Digital Transformation

Genikes Insurance has invested in developing a more modern digital platform designed to simplify key insurance services, including policy issuance and online claims management. The company said the upgraded platform aims to improve efficiency and accessibility while strengthening its position within an increasingly competitive insurance sector.

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Customer-Centric Approach

Commenting on the recognition, General Manager Christiana Agrotis said the company continues focusing on reliability, innovation and customer-focused services tailored to the needs of the Cypriot market. According to Agrotis, the recognition of the company’s digital platform also reflects the trust customers place in its services and broader insurance offering.

Technology-Driven Innovation

The updated website was designed to provide simpler navigation and improved access to insurance information and digital services. Company officials said the platform forms part of broader efforts to integrate technology more closely into customer service and operational processes. Genikes Insurance added that it remains focused on strengthening long-term customer relationships while continuing investments in digital capabilities and service development.

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