Economy · Cyprus
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On July 10, 2026, Cyprus announced its participation in the second phase of the European Tech Champions Initiative (ETCI 2.0), an extensive European investment program. The initiative aims to mobilize up to €80 billion to support more than 1,500 fast-growing technology companies across the European Union. This commitment aligns Cyprus with other EU member states in reinforcing the region's technological capabilities and innovation sectors.
The ETCI 2.0 is designed to enhance access to financing for technology firms, focusing on fostering growth and competitiveness in the digital economy. Cyprus’s backing of this initiative underscores its commitment to advancing the tech industry, contributing to potential economic growth through increased investments in innovation and technology-driven enterprises.
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13 July
Cyprus reaffirms support for the EU's €80 billion plan to assist technology companies.
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