Articles in English
The article provides detailed statistics on changes in gas prices in Cyprus since the spring of 2022. International conflicts and global fossil fuel shortages have led to significant fluctuations in gas and gasoline prices in the EU. But how much did the price increase in the end?   Gas prices for transport Gas prices for transport in Cyprus unanimously rocketed during the summer months of 2022, peaking on July 19th with Unleaded 95 at 1.828€/L, Unleaded 98 at 1.888€/L, and…
The year 2022, like no other, is rich in turmoil and long-term turbulence in the world crypto market. Despite this, the state of the markets of individual countries is assessed not by the number of scandals, but by taking into account the complex criteria of introduction and regulation of cryptocurrencies in the national economy. In early November, the EUBlockchain Research Center presented a report that assesses the development of the blockchain industry in the European Union. According to the EUBlockchain…
If you are still waiting for the time when Artificial Intelligence (AI) comes into your life, you have missed that day. What is AI and how it can be spotted around? AI is a set of technologies that allow computers to perform advanced functions: to see the environment, understand language, analyse data, make recommendations, and more. Examples of AI applications include self-driving cars, robots, automated financial investing, and marketing chatbots. Google Search is also a form of AI. AI can…
What improvements and changes have to be made to transform Cyprus «into Singapore of the Mediterranean»? Petr Valov CEO of Exness mentioned this term (introduced by Cyprus president George Vassiliou in the 80s) during the discussion of BEST INVEST Congress. Four panelists shared their opinions. Challenges, risks, and strategy Marios Demetriades, former minister of transport, communications, and public works told participants that the government had been addressing some of the issues and admitted that much more needs to be done.…
This article will cover the development related to blockchain and cryptocurrency in Cyprus. It is written based on the keynote speech delivered at the Best Invest Congress by financial expert, former chairwoman of Cyprus Securities and Exchange Commission Demetra Kalogerou. Key factors of the economic growth Innovation and digital technology are key factors in economic growth, that is why we must actively support new products and services, which are based on fintech – especially those that can contribute to financing…
The 2022 edition of Reflect Festival took over Limassol, with more than 5000 people wearing the "Doers United" badges walking the Old Town's streets. The country's biggest and most impactful tech event shows no signs of slowing down, gathering more than 120 speakers and offering world-class stages and a diverse 4-day networking program. Beyond that, Reflect proved to be a meeting spot for entrepreneurs, startups, and investors from the entire region, solidifying its position as an internationally renowned tech event.…
IT companies are relocating to the island. But is the country prepared for this influx of new businesses and people? And what does the government have to do in order not to miss this big chance to become a New Tech Industry hot destination? These were the main questions asked during the second session of the Best Invest Congress held in Limassol in October. The session, entitled «Cyprus: a Fast Growing Global Tech Hub», brought together expat business leaders already…

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