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National Bank Of Greece Cyprus And University Of Cyprus Lead Innovation In Entrepreneurial Competition 2025

National Bank Of Greece Cyprus has strategically partnered with the University Of Cyprus to bolster the initiatives of the Cyprus Entrepreneurship Competition (CyEC) 2025 through its prestigious NBG Business Seeds programme.

Strengthening The Entrepreneurial Ecosystem

Committed to fostering dynamic and forward-thinking business solutions, NBG Cyprus is leveraging its long-standing support for innovative entrepreneurship. The bank’s initiative highlights a deliberate effort to transform creative ideas into viable, market-ready ventures, setting a benchmark for business development in the region.

Promoting Strategic Collaboration

Organized by the University of Cyprus’s Centre for Entrepreneurship (C4E) under the auspices of the Ministry of Energy, Commerce, and Industry, the competition is a milestone event designed to spur innovation. This year, the competition has attracted a record participation of over 50 teams from across Cyprus, reinforcing its role as a key platform for emerging start-ups and young professionals.

Unlocking Global Opportunities

Winners of the competition will gain direct access to Phase B of the 16th Innovation and Technology Competition, an initiative that spans both Greece and Cyprus. This fast-track promotion not only opens the door to a vast network of investors, mentors, and innovation experts but also positions the participating entrepreneurs to compete on a broader, regional stage.

This collaboration is a testament to the power of strategic partnerships in accelerating entrepreneurial growth and technological innovation.

Nearly 80% Of Cyprus’ Foreign Investment Came From Outside EU In 2025

Cyprus had the highest share of foreign direct investment (FDI) originating outside the European Union among 14 EU member states reporting data for 2025. According to Eurostat, non-EU economies accounted for 79.4% of the island’s inward FDI, highlighting its distinct position among the reporting countries.

The figures contrast with most other EU economies, where investment from within the bloc remains the main source of foreign capital.

Cyprus Leads In Non-EU Investment Share

Eurostat measures inward FDI positions by the ultimate investing economy, identifying the economy where the investment ultimately originates rather than only the country through which it is channelled. This distinction is important when investments involve subsidiaries or intermediary holding companies.

In nine of the 14 reporting countries, most foreign investment came from within the EU. The Czech Republic recorded the highest intra-EU share, at 75.1%, followed by Romania at 73.3% and Estonia at 64.8%.

Cyprus was among five countries where non-EU economies accounted for more than half of inward FDI. Spain, Sweden, Greece and Denmark also recorded shares above 50%, ranging from 51% to 55.1%.

US Is The Largest Source Of FDI Across Reporting Countries

Across the 14 countries collectively, the United States was the largest ultimate source of foreign direct investment, accounting for 15.4% of the total.

Germany ranked second at 11.5%, followed by France at 9.4%, the United Kingdom at 9.3% and Switzerland at 5.8%.

These figures reflect the combined investment positions of the reporting countries and do not identify Cyprus’s leading individual investment sources. However, the country-level data underline the island’s strong reliance on capital originating outside the European Union.

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