Keve Champions Minds In Cyprus Initiative To Attract Global Talent

by THEFUTURE.TEAM

January 21, 2026

Overview Of The Minds In Cyprus Program

The Cyprus Chamber of Commerce and Industry (Keve) has reaffirmed its commitment to reversing the longstanding brain drain by expanding the Minds In Cyprus programme. Originally launched in 2025 as part of a government strategy to repatriate top-tier talent, the initiative has already attracted significant international interest from Cypriot professionals eager to return home.

Global Outreach And Strategic Engagement

Building on early successes, Keve is set to amplify its international presence throughout 2026. A series of three major events scheduled in New York, San Francisco, Athens or Thessaloniki, and the United Kingdom will spotlight a robust mix of employment opportunities, government incentives, and active recruitment channels. These gatherings will not only feature presentations from the Cyprus Presidency outlining the nation’s action plan, but will also provide a platform for Cypriot companies to engage directly with global talent.

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Incentives And Economic Impact

The initiative is underpinned by a progressive incentive framework designed to lure skilled professionals back to Cyprus. Among its key features are tax relief measures that currently offer a 20% exemption on the first employment income for eligible returnees. With proposals under consideration to extend these benefits—potentially increasing the exemption to 25% or even 50% under certain conditions—the program underscores a targeted effort to create a competitive, attractive economic environment. Businesses and professionals can learn more and register their interest via the official Minds In Cyprus 2026 platform.

A Strategic Response To Brain Drain

As fresh data highlights that over 600 Cypriot nationals living abroad have signaled their readiness to return under the current incentive scheme, industry leaders and policymakers alike see Minds In Cyprus as a pivotal tool in reconnecting the country’s economy with its expatriate talent pool. While debates continue regarding the balance of incentives between returnees and those who have remained, the programme remains an essential bridge to sustainable economic growth and innovation in Cyprus.

Conclusion

With a strategic mix of policy reform, global outreach, and direct private sector engagement, Keve’s expanded Minds In Cyprus initiative not only positions Cyprus as a competitive destination for high-skilled professionals but also sets a benchmark for similar repatriation schemes worldwide. The government and industry stakeholders are keenly watching the unfolding impact of these measures, confident that the right mix of incentives will usher in a new era of talent-driven economic revitalization.

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EU Services Production Grows As Information And Communication Lead

by THEFUTURE.TEAM

November 10, 2026

Services production continued to expand across the European Union in August 2026, with information and communication recording the strongest annual growth. However, performance varied significantly between industries and member states, while Cyprus reported a mixed picture, with business services expanding and hospitality-related activities declining.

Information And Communication Leads Sector Growth

Compared with August 2025, services production increased by 5.9% in the euro area and 5.8% across the EU in information and communication. Transportation and storage also recorded growth, rising by 2.1% and 1.9%, respectively.

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Real estate activities increased by 1.6% in the euro area and 1.1% in the EU. Professional, scientific and technical activities grew by 1% in both areas, while administrative and support services advanced by 1.1% and 1.3%.

Accommodation and food services was the only major sector to record an annual decline, falling by 0.1% in both the euro area and the EU.

The monthly figures were more mixed. Information and communication remained the strongest performer, increasing by 1.2% in the euro area and 1% across the EU. Real estate activities rose by 0.4% and 0.9%, respectively, while transportation and storage edged up 0.1% in the euro area but declined by 0.2% in the EU.

Administrative and support services recorded modest gains of 0.2% in the euro area and 0.1% in the EU. Accommodation and food services fell by 0.3% and 0.4%, while professional, scientific and technical activities declined by 0.8% and 0.9%, respectively.

Slovakia And Greece Record Strongest Annual Growth

Romania recorded the largest monthly increase in services production, at 5.2%, followed by Malta at 1.8% and Portugal at 1.7%. Luxembourg experienced the steepest decline, with output falling by 5.1%, followed by Bulgaria at 2.3% and Denmark at 1.9%.

On an annual basis, Slovakia led with growth of 10%, followed by Greece at 9.3% and Malta at 7.5%. Hungary recorded the weakest performance, with services production declining by 5.6%. Denmark fell by 5.3%, while Italy recorded a smaller decrease of 0.3%.

Cyprus Sees Growth In Business Services But Weakness In Hospitality

Cyprus’ latest figures show a similar divide between expanding business services and weaker hospitality-related activities. According to the Statistical Service of Cyprus (Cystat), professional, scientific and technical activities recorded the strongest annual growth among the covered sectors in the second quarter of 2026, increasing by 3.4%.

Transportation and storage and information and communication both grew by 2.1%, while real estate activities rose by 1.6%. In contrast, accommodation and food services declined by 3.1% year on year, and administrative and support services fell by 2.2%.

First-half results were more favourable for several sectors. Between January and June, professional, scientific and technical activities grew by 3.5%, transportation and storage by 2.8%, real estate by 2.1% and information and communication by 1.3%.

Nevertheless, administrative and support services contracted by 1% over the six-month period, while accommodation and food services declined by 0.7%.

How Cyprus’ Figures Differ From Eurostat’s Data

The Eurostat and Cystat figures measure different aspects of economic activity and are not directly comparable. Eurostat’s services production index tracks changes in the volume of output, whereas Cystat’s Turnover Value Index for Services and Transport measures the value of sales at current prices.

The reporting periods also differ: Eurostat’s figures cover August, while the cited Cypriot data relate to the second quarter and first half of 2026.

Cystat transmits services production data to Eurostat but does not yet publish a separate national production index. Turnover figures therefore remain the main publicly available national indicator for the sector.

Taken together, the data point to continued growth in several of Cyprus’ business-oriented services, alongside persistent pressure on accommodation, food and administrative support activities.

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