economic competitiveness

innovation funding

RIF’s New €930,000 Initiative to Boost Innovation in Product Development

The RIF’s new €930,000 initiative aims to boost innovation in product development for larger businesses, offering support for hiring skilled staff, streamlining processes, and providing financial incentives. With a focus on empowering businesses through innovation, the program seeks to enhance competitiveness, contribute to economic growth, and create a more innovative future for Cyprus.

business support economic measures

Cyprus Employers Anticipate Business Support Measures

Cyprus employers, led by Oev and Keve, are eagerly anticipating a supportive business package from the government to sustain purchasing power, maintain growth rates, relieve past tax burdens, improve competitiveness, and contribute to economic stability and growth. The urgency for prompt action and the call for a clearlydefined support package highlight the importance of timely and targeted measures to aid businesses in Cyprus.

cyprus investment fund legislation economic competitiveness

Cyprus Investment Fund Legislation: A Game Changer for Economic Competitiveness

Cyprus’s new investment fund legislation is expected to increase the country’s appeal as an investment destination, enhance the legal framework for collective investments, create job opportunities, and position Cyprus as an international hub for investment, boosting its economic competitiveness. The legislation is seen as a leap forward for fund management and a crucial development in the legal framework, with the potential to drive growth and economic diversification. It is anticipated to have substantial economic benefits, fueling the domestic economy and establishing a sustainable growth model.

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