Breaking news

Institute Of Neurology And Genetics Cyprus Inaugurates Landmark Research Facility

The Cyprus Institute of Neurology and Genetics inaugurated a new research building, its largest infrastructure project to date. The facility expands capacity for biomedical research and education.

The project was funded by the European Investment Bank and the Republic of Cyprus. This structure marks the first use of such financing for a research project in the country.

Official Inauguration Signals A New Era In Innovation

Opening marks the expansion of research infrastructure in Cyprus. The institute aims to increase capacity in biomedical and genetic research. The facility supports laboratory work, education and collaboration. Expansion aligns with national efforts to develop research capabilities.

Strategic Investment In Cutting-Edge Research

Funded jointly by the European Investment Bank and the Republic of Cyprus, the project marks the nation’s first research initiative to secure such financial backing. This investment underscores the country’s commitment to elevating scientific exploration and fostering global competitiveness in health research.

World-Class Facilities Designed For Excellence

The new facility spans approximately 11,000 square meters, purposefully designed to accommodate pioneering research teams working on critical health issues. Equipped with state-of-the-art laboratories, advanced technological tools, and modern educational spaces, the building has been constructed to meet international standards akin to leading research centers around the globe.

Enhanced Research And Collaborative Opportunities

The upgraded infrastructure is set to bolster the Institute’s research output significantly. With improved facilities, the building is expected to cultivate critical partnerships and attract a growing number of postgraduate students, ensuring that the benefits of increased research capacity positively impact patients and the broader public.

Leadership Perspective And Future Impact

Professor Leonidas Fylaktou, the General Executive and Medical Director of INGK, expressed his pride in the project. “The official inauguration of our new building fills us with immense pride and joy,” he stated. “This landmark project not only sets the stage for accelerated research but also lays the groundwork for tangible benefits to patients and citizens alike.”

A Beacon Of Biomedical Innovation

The institute continues to position itself as a research center in Cyprus and the region. New facility adds to existing infrastructure and capabilities. Future impact will depend on research output and partnerships. Development reflects continued investment in biomedical research.

Eurobank Wins Two Euromoney Awards Following Cyprus Merger

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.

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.

The Future Forbes Realty Global Properties
Uol
eCredo
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter