Mumbai, India. Eurobank opened a representative office in Mumbai, becoming the first bank from southeastern Europe to operate such a service in India. Cypriot President Nikos Christodoulides attended a ceremony at the Taj Mahal Palace hotel.
Eurobank’s move in India
A ceremony was held in Mumbai to mark the opening, with Christodoulides saying it was “particularly fitting that this inauguration takes place here in Mumbai – a city that reflects India’s strength, global outlook and spirit of creativity”.
He said it was “no coincidence that Eurobank has chosen Mumbai for this very important step,” adding that the opening reflects confidence and strategic vision in the growing potential of the partnership between India, Cyprus and Greece.
Christodoulides said the move is “a tangible step forward in the steadily growing economic partnership between the three countries”.
TechIsland calls for broader investment in people
TechIsland chairman Valentinos Polykarpou said Cyprus’ transformation into a technology hub is no longer an aspiration but “a fact”, while calling for broader investment in people to ensure the country does not leave parts of society behind in the AI era.
In his opening address at the TechIsland Summit in Limassol, Polykarpou linked Cyprus’ progress as a tech destination with the challenge of making science, technology, engineering and mathematics accessible beyond traditional boundaries of the sector.
He said that a decade ago many would not have expected Cyprus to become a global technology hub, but added that “the vision of a tech island is no longer a vision. It is a fact,” calling this “a major achievement” for TechIsland.
Polykarpou said the association was founded in 2021 by private sector figures with the ambition of helping turn Cyprus into a tech island, and that it has since grown into an organisation of more than 400 companies, with 52 per cent local Cypriot firms and 48 per cent international businesses, ranging from startups and SMEs to multinational corporations.
KPMG Cyprus cites sector contribution
KPMG Cyprus partner Christophoros Anayiotos said Cyprus’ technology sector has moved from the margins of the economy to one of its strongest engines of growth, contributing €5.9 billion, or 16.2 per cent of GDP, in 2025.
What do you think these developments indicate about the pace of economic and technology ties involving Cyprus?
