Cyprus’s immigration policies have received praise from the European Commission, with VicePresident Margaritis Schinas commending the nation as a “European return champion.” The government, led by Minister Constantinos Ioannou, continues to collaborate with the EU to enhance its immigration strategies, setting an example for other countries to follow.
In 2023, Cablenet experienced remarkable growth, reporting a 16.2% increase in revenue, totaling €74.3 million. The company expanded its subscriber base by 29% and won the Glotel Award for Purple Max Internet, solidifying its position as a leading telecommunications provider in Cyprus.
Cyprus is urged to take key steps in developing a knowledgebased tech economy, including establishing a business culture promoting innovation, implementing a supportive legal framework, investing in education, encouraging digital transformation, creating a venture capital fund, and focusing on developing local talent while attracting international expertise. The island’s potential as a tech hub and its unique position to become a regional center for innovation were emphasized by experts at the Economist Conference, who also announced the initiation of Cyprus’s first publiclysupported venture capital fund.
