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 […]
A seasoned investor believes Cyprus can double its tech sector in a few years by leveraging its strategic location, skilled workforce, and supportive regulatory environment. This growth requires attracting global tech investment, building high-tech business parks (like the planned Pentakomo Technology Park), and further developing its startup ecosystem by attracting a globally recognized accelerator and increasing early-stage financing. Cyprus currently has a strong ICT sector contributing significantly to its GDP, a growing number of tech specialists, and a thriving tech community, making it a promising destination for technology and digital industries.
