Cyprus Mail13 Jul 2026

Cyprus backs EU plan to mobilise €80bn for tech firms

Cyprus on Monday confirmed its support for the second phase of the European Tech Champions Initiative (ETCI 2.0), joining all EU member states in backing a European investment drive that aims to mobilise up to €80 billion for fast-growing technology companies.

The initiative was first presented in Brussels last week, on the sidelines of the Economic and Financial Affairs Council (ECOFIN) meeting, with the EIB Group, EU governments, institutional investors and fund managers backing its second...

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