Konstantin Zapolianski, Senior Investment Director at Zubr Capital, recently spoke to the Cyprus Mail about Cyprus’ growing potential as a destination for technology and digital industries. With the ICT sector contributing up to 15 per cent of the country’s GDP and generating approximately €4 billion in revenue in 2024, Cyprus is positioning itself for further growth. Zapolianski shares […]
Cyprus is emerging as an attractive investment destination, particularly in technology and digital industries, with the ICT sector contributing 15% of the country's GDP and generating €4 billion in revenue in 2024. Konstantin Zapolianski, Senior Investment Director at Zubr Capital, highlighted Cyprus' potential as a tech hub, discussing its investment appeal, challenges, and growth strategies. Hellenic Bank extended its voluntary exit scheme deadline to March 11 to encourage more employee participation, as only 150 out of 400 targeted staff had accepted the offer. Globally, fintech investment dropped to $95.6 billion in 2024, the lowest since 2017, with a significant decline in the second half of the year. Finance Minister Makis Keravnos expressed support for re-establishing a stable cooperative banking sector in Cyprus. The Cyprus Stock Exchange ended positively on March 5, with the index up 0.36%, though the hotel and investment sectors recorded losses.