Nicosia, Cyprus. The Cyprus Economy and Competitiveness Council on Monday presented the Cyprus Competitiveness Report 2025, which identified attracting more productive investments as a key economic priority. On the same day, KEO plc proposed a dividend payment to shareholders, while a summit in Brussels focused on turning Europe’s scientific strengths into deep-tech companies.
Cyprus competitiveness report
Presenting the report’s findings in Nicosia, University of Cyprus economics professor Sofronis Clerides, who led the research team responsible for the study, said competitiveness can no longer be measured solely in economic terms.
He said competitiveness should instead be linked to a country’s ability to create sustainable prosperity through an effective business environment, strong economic performance, and social and environmental sustainability.
The report identified productivity as Cyprus’ biggest structural weakness.
It said that despite low unemployment, high employment rates, and a substantial inflow of skilled workers in recent years, Cyprus continues to lag behind many competing economies in terms of productivity.
KEO dividend proposal
KEO plc announced on Monday that its board of directors had proposed a dividend payment to shareholders during a meeting held earlier in the day.
The proposal involves a total dividend distribution of €1,687,276.92, corresponding to 4 cents of a euro for each fully paid share.
The company said the payout would be sourced from the profits of 2024 currently included in retained earnings.
The proposal is subject to approval at the annual general meeting of shareholders scheduled for July 8, 2026.
European innovation summit
Brussels hosted the European Innovation Council Summit 2026 this month, where Laurence Petit, Director of Innovation at France’s CEA, shared insights on how Europe can transform scientific excellence into successful deep-tech companies.
