FastForward

FastForward Your go-to source for business, tech, finance, and culture in Cyprus. Insights, stories & updates shaping the future.

A month of cinema, culture, and storytelling arrives in Nicosia as the 4th Ibero-American Film Festival returns to Panth...
04/06/2026

A month of cinema, culture, and storytelling arrives in Nicosia as the 4th Ibero-American Film Festival returns to Pantheon Cinema. From Mexico and Spain to Portugal, Brazil, and Cuba, audiences can enjoy a diverse selection of acclaimed films in their original languages with English subtitles, offering a unique window into the rich cultures and stories of the Ibero-American world.

For the fourth consecutive year, the embassies of Brazil, Cuba, Mexico, Peru, Portugal, and Spain have joined forces to offer Cypriot audiences a unique cinematic journey through films that showcase the culture, history, and contemporary artistic expression of their countries.

Frequent business travel carries more hidden risks than you realize, making proactive safety and wellness preparation es...
04/06/2026

Frequent business travel carries more hidden risks than you realize, making proactive safety and wellness preparation essential.

Imagine you’re in Dubai for an important meeting. You wake up with a high fever. Or you get to the airport and find out your flight has been canceled, but your presentation starts in 4 hours. Or you open your suitcase and see that your laptop is missing.

GLOBAL GAP: As the US pulls the plug on its €320M deep-sea monitoring system, the EU officially launches OceanEye to sei...
04/06/2026

GLOBAL GAP: As the US pulls the plug on its €320M deep-sea monitoring system, the EU officially launches OceanEye to seize global leadership in ocean observation.

As the Trump administration aggressively tears down America's €320 million deep-sea observation infrastructure, Brussels strikes back with the OceanEye initiative. Weaponizing a multi-pillar strategy backed by Horizon Europe funding, the EU is transforming ecological data collection into a high-te...

At this year's Doers Summit in Limassol, the conversation shifted from pure brand visibility to real, long-term impact. ...
04/06/2026

At this year's Doers Summit in Limassol, the conversation shifted from pure brand visibility to real, long-term impact. As a Platinum Partner of the summit, global fintech giant Exness proved that building a world-class tech hub requires a relentless investment in human capital, digital infrastructure, and local opportunity.

At Doers Summit Limassol 2026, one conversation stood out for looking beyond today's headlines and focusing on the people who will shape tomorrow's technology landscape.

Asian markets retreated as renewed tensions between Iran and the U.S. rattled investor confidence, pushing oil prices hi...
04/06/2026

Asian markets retreated as renewed tensions between Iran and the U.S. rattled investor confidence, pushing oil prices higher, and reigniting concerns over inflation and global energy supply disruptions. While a ceasefire between Israel and Lebanon helped ease crude prices slightly, uncertainty continues to weigh on equities across Asia and Wall Street futures.

Asian and Pacific markets moved lower on Thursday, following the negative sentiment from Wall Street, as escalating tensions between Iran and the United States kept oil prices elevated, fueling concerns over energy costs and inflation. However, following a ceasefire agreement between Israel and Leba...

Bucking the Eurozone trend! Fresh data from Eurostat shows that while industrial producer prices surged by 4.9% across t...
04/06/2026

Bucking the Eurozone trend! Fresh data from Eurostat shows that while industrial producer prices surged by 4.9% across the EU, Cyprus recorded an annual decline of 0.7% in April, shielding local markets from broader inflationary pressures.

Cyprus recorded an annual decline in industrial producer prices in April 2026, according to data published on Wednesday by Eurostat.

The Ministry of Finance has unveiled two critical scenarios to halt state borrowing from the Social Insurance Fund (SIF)...
04/06/2026

The Ministry of Finance has unveiled two critical scenarios to halt state borrowing from the Social Insurance Fund (SIF) and systematically repay its existing reserve through an Independent Authority built on international governance standards.

The scenarios will concern the formulation of a credible governance framework for the SIF The bill on pension reform to the Council of Ministers around the end of June Four meetings of the LAC are expected to take place within June

Bank of Cyprus launches a highly targeted voluntary exit plan capped at just 40 senior employees. CEO Panicos Nicolaou i...
04/06/2026

Bank of Cyprus launches a highly targeted voluntary exit plan capped at just 40 senior employees. CEO Panicos Nicolaou is shifting from mass cuts to precision talent restructuring.

Ex-gratia compensation up to €200 thousand or with 20% taxation beyond this amount Eligible to participate are those who have completed 25 years of service or are over 55 years old Provision of incentives for those over 60 years old, they will benefit from an additional 10% increase. Digitalizatio...

https://fastforward.com.cy/policy/european-parliament-femm-committee-adopts-historic-resolution-condemning-crimes-agains...
04/06/2026

https://fastforward.com.cy/policy/european-parliament-femm-committee-adopts-historic-resolution-condemning-crimes-against
European Parliament's FEMM Committee adopts a major resolution on the impact of the 1974 Turkish invasion on Cypriot women and girls.

In a watershed moment for European justice and international law, the FEMM Committee has overwhelmingly passed a resolution confronting the profound, intergenerational trauma inflicted by the 1974 Turkish invasion. Demanding full military withdrawal, financial reparations, and a formal institutional...

Gold and silver are facing renewed pressure as inflation concerns, higher-for-longer interest rates, and geopolitical te...
04/06/2026

Gold and silver are facing renewed pressure as inflation concerns, higher-for-longer interest rates, and geopolitical tensions reshape investor sentiment. While silver has entered a sharper correction phase, many analysts continue to see long-term support for gold through central bank demand and ongoing global uncertainty.

Renewed inflation concerns and the prospect of major central banks maintaining a restrictive monetary policy stance have significantly altered sentiment in the precious metals market. Gold and silver are facing considerable pressure as investors reassess interest rate expectations in an environment....

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