Maritime Technology Leader Tototheo Global Champions Cyprus’ First International Startup Accelerator

Strategic Partnership Fuels Innovation

Tototheo Global has joined a startup accelerator initiative in Cyprus led by Plug and Play Tech Center. The program marks the launch of an international accelerator in the country focused on connecting startups with global networks.

Establishing A Global Innovation Hub

The initiative includes the creation of an Innovation Centre and programs supporting startups and early-stage companies. The structure is designed to provide access to international expertise, investment, and markets. Tototheo Global participates as a corporate partner supporting the development of the platform.

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Empowering Local Ventures With Global Connectivity

Plug and Play Tech Center operates in more than 60 locations globally, connecting startups with investors, corporations, universities, and public-sector organizations. The network provides access to funding, partnerships, and international expansion opportunities.

Decades Of Expertise And A Global Outlook

Tototheo Global said its participation expands the initiative’s scope through its experience in connectivity and digital infrastructure. The company said its international operations support the development of technology-focused businesses in Cyprus.

Catalyzing Innovation In Cyprus

The accelerator will run from late April to June 2026 and focus on sectors including fintech, regtech, gaming, social platforms, shipping, and energy. Tototheo Global’s infrastructure supports companies operating across international markets.

A Commitment To Long-Term Growth

Despina Panayiotou Theodosiou, Co-Chief Executive Officer of Tototheo Global, said the initiative supports the development of the local technology ecosystem. Seena Amidi, Managing Partner of Plug and Play Tech Center, said the program provides startups with access to global partners and funding opportunities.

Linking Local Innovation To Global Markets

The initiative connects startups in Cyprus with international investors and corporate partners, expanding access to funding and cross-border collaboration. Participation in global networks supports the development of local companies and facilitates entry into international markets.

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Cyprus Banks Urged To Focus On Long-Term Resilience As Profits Remain Strong

by THEFUTURE.TEAM

June 26, 2026

The Cypriot banking sector remains in a strong position, supported by solid capital buffers and overall financial stability, according to speakers at the annual general meeting of the Association of Cyprus Banks. At the same time, government officials and regulators stressed that maintaining this position will require continued discipline and long-term planning.

A Strong Sector, But Not A Complacent One

Finance Minister Makis Keravnos used the meeting to highlight concerns over draft laws recently passed by parliament, which, according to the Ministry of Finance, the Central Bank and the Legal Service, may contain constitutional, legal and institutional issues. Those concerns, he noted, led to presidential referrals and remittals to the Supreme Court.

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Keravnos also said the European Central Bank had been consulted on proposed measures concerning the suspension of foreclosures and the restructuring of loans and guarantees, adding that the ECB had expressed its own concerns.

Profitability Should Reflect Real Economy Lending

While acknowledging that the banking sector remains highly profitable, Keravnos said earnings are expected to reach around €1 billion in 2025, lower than in 2024 as interest-rate conditions gradually normalize.

He said he would prefer bank profitability to rely more on lending to businesses operating in productive sectors and less on the widening of European Central Bank interest-rate spreads.

According to the minister, Cyprus’ return to investment-grade status after 11 years has strengthened the country’s appeal to foreign investors, technology companies and startups. He said this should encourage banks to offer financing that better supports businesses while improving the diversification of their loan portfolios.

The Central Bank’s Warning: Strength Today Is Not A Guarantee Tomorrow

Central Bank Governor Christodoulos Patsalides also warned against complacency, saying the sector’s current strength should not be taken for granted.

“The Cypriot banking sector is strong today. But strength that truly matters is not exhausted by a capital ratio, a profit line or a favorable cycle,” he said.

Patsalides added that lasting resilience depends on institutions remaining strong as conditions change, risks become more complex, and competition evolves. In his view, that requires sufficient capital buffers, adaptable infrastructure and management teams prepared for changing market conditions.

Long-Term Resilience Over Short-Term Gains

Patsalides also stressed that banks should focus on long-term resilience rather than short-term performance. Decisions on dividend policy, capital allocation and the use of resources, he said, should take into account continued investment in technology, operational resilience, human capital and long-term adaptability.

He added that banks able to remain competitive over time will be those that invest early in strengthening their capacity to adapt and respond to future challenges.

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