Juicy Button Games in Cyprus recently secured a $3 million seed funding round led by The Games Fund, enabling them to develop a new mobile-first 4x strategy game at their Limassol headquarters. This investment milestone highlights the studio’s emergence in the gaming industry, with seasoned co-founders paving the way for success in the bustling coastal city.
What recent achievement has Juicy Button Games, based in Cyprus, celebrated?
Juicy Button Games, located in Cyprus, celebrated a $3 million seed funding round led by The Games Fund. This investment will advance the development of a new mobile-first 4x strategy game at their Limassol headquarters.
A Flourishing Gaming Sector
Juicy Button Games, an emerging name in the gaming industry, hails from the sunny shores of Cyprus. Under the guidance of the creative minds behind notable titles like Total Battle, Pixel Gun 3D, and Mighty Party, the studio recently celebrated a significant financial milestone. The Games Fund, a venture capital firm specializing in early-stage gaming and GameTech ventures, has played a pivotal role in this achievement, leading a $3 million seed funding round that promises to propel the company’s ambitions forward.
The infusion of capital is earmarked for the development of a groundbreaking mobile-first 4x strategy game. This endeavor is set to unfold at Juicy Button Games’ headquarters, nestled in the bustling coastal city of Limassol. With such a strategic investment, the studio is poised to make waves in the gaming landscape, leveraging the expertise of its seasoned co-founders and the resources of a dedicated gaming-focused fund.
Banking and Economic Indicators
The financial sector in Cyprus has displayed encouraging signs, with the Central Bank of Cyprus revealing a consistent increase in deposits for three consecutive months as of this April. While this period saw a net uptick in deposits by €209.1 million, loans witnessed a net decline, breaking a two-month streak of growth. The robust annual growth rate of deposits, standing at 1.4 percent, surpasses the 0.6 percent marked in March 2024. A notable contributor to this rise is the influx of deposits from Cypriot residents, which soared by €256.9 million, pushing the total deposit balance to a staggering €52.5 billion.
The island’s Economic Sentiment Index (ESI) also experienced a rise, climbing by 1.6 points in May when compared to the previous month. This boost is largely attributed to a more favorable business outlook in the services sector, as detailed by the Economics Research Centre of the University of Cyprus. The trade-off, however, was a slight dip in the retail trade sector’s confidence, with businesses expressing concerns over recent sales performances and future prospects.
Real Estate and Workplace Dynamics
FOX Estate Agency, a player in the Cypriot real estate scene, has recently announced a partnership with IQI Global, a renowned real estate network under the Juwai IQI group. This alliance is set to open new doors for FOX, equipping it with advanced technologies like the IQI Atlas super app and access to Juwai’s global property platforms. Such tools are expected to amplify the agency’s service quality and extend its reach within the competitive real estate market.
On the labor front, Cypriot workers aged between 20 to 64 have been clocking in an average of 38.5 hours weekly in their primary jobs, outpacing the EU norm of 36.1 hours. Different sectors see varied working hours, with the agricultural sector leading at 45.7 hours, followed by domestic workers and those in mining and quarrying. The hospitality industry also boasts higher-than-average working hours compared to its European counterparts.
Innovation in Aviation and Stock Market Movements
Cyprus is set on enhancing its strategic regional role, with particular attention to aviation. Transport Minister Alexis Vafeades emphasized the government’s readiness to integrate artificial intelligence and cybersecurity into this sector. Addressing an international conference in Larnaca, he highlighted the transformative potential these technologies hold for air traffic management and connectivity expansion.
Meanwhile, the Cyprus Stock Exchange ended a recent Thursday on a softer note, with the general index slightly down by 0.12 percent. Despite this, sub-indexes like the alternative and hotel indexes experienced gains. The transactional activity of the day peaked at €322,197, with notable fluctuations in shares of key companies such as the Bank of Cyprus and Hellenic Bank. These movements reflect the dynamic nature of the Cypriot stock market, mirroring both local and global economic trends.
What recent achievement has Juicy Button Games, based in Cyprus, celebrated?
Juicy Button Games, located in Cyprus, celebrated a $3 million seed funding round led by The Games Fund. This investment will advance the development of a new mobile-first 4x strategy game at their Limassol headquarters.
What are some economic indicators in Cyprus?
The Central Bank of Cyprus has reported an increase in deposits for three consecutive months, with an annual growth rate of deposits at 1.4 percent. The Economic Sentiment Index (ESI) also rose by 1.6 points in May. Cypriot residents have contributed significantly to the rise in deposits.
What recent developments have occurred in the real estate sector in Cyprus?
FOX Estate Agency has partnered with IQI Global, gaining access to advanced technologies like the IQI Atlas super app and global property platforms. This partnership is expected to enhance FOX’s service quality and market reach.
What innovations are being introduced in the aviation sector in Cyprus?
Cyprus is focusing on integrating artificial intelligence and cybersecurity into its aviation sector. Transport Minister Alexis Vafeades highlighted the transformative potential of these technologies for air traffic management and connectivity expansion during an international conference in Larnaca.
