FastForward

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

Cyprus Finance Minister has openly questioned the viability of the planned Cyprus-Greece electricity interconnection, ex...
01/08/2025

Cyprus Finance Minister has openly questioned the viability of the planned Cyprus-Greece electricity interconnection, expressing strong reservations over the release of €25 million to the project’s operator 👇

Cyprus Finance Minister Makis Keravnos questions €25M for the stalled Cyprus-Greece electricity interconnection, citing financial risks and lack of progress.

Cyprus launches Space BIC to support startups in space technology and geoinformatics, offering €50,000 funding, mentorsh...
01/08/2025

Cyprus launches Space BIC to support startups in space technology and geoinformatics, offering €50,000 funding, mentorship, and a 24-month incubation program.

Space BIC by ERATOSTHENES CoE in Cyprus offers startups up to €50,000 to develop space tech innovations. Apply by October 15, 2025.

Cloudlayer8 Ltd is on the lookout for its next CEO — a leader to drive growth in cloud, data, and infrastructure. With r...
01/08/2025

Cloudlayer8 Ltd is on the lookout for its next CEO — a leader to drive growth in cloud, data, and infrastructure. With rising demand for secure digital services in Cyprus, this is one of the most influential roles in the local tech sector.

A high-profile executive vacancy has opened at CL8, the only independent Tier III-certified data center in Cyprus. The company is actively searching for a new Chief Executive Officer (CEO) to lead its operations and expansion efforts in the fast-evolving fields of cloud, data, infrastructure and dig...

The Research and Innovation Foundation expands RESTART 2016–2020 with a €5M AI program for public sector challenges.
01/08/2025

The Research and Innovation Foundation expands RESTART 2016–2020 with a €5M AI program for public sector challenges.

Cyprus expands RESTART 2016–2020 with a €5M AI in Government program, raising the total state aid measure budget to €306.9M for research and innovation.

Hundreds gathered at the Limassol seafront to pay tribute to the victims of the devastating fire and voice their frustra...
01/08/2025

Hundreds gathered at the Limassol seafront to pay tribute to the victims of the devastating fire and voice their frustration at state inaction.

Limassol citizens protested after the deadly wildfire, honoring the two victims and demanding government accountability for repeated environmental disasters in Cyprus. New protest today, August 1.

Discover the ultimate guide to Cyprus sandwiches, blending tradition, flavor, and creativity in every bite 👇
01/08/2025

Discover the ultimate guide to Cyprus sandwiches, blending tradition, flavor, and creativity in every bite 👇

Discover the best sandwiches in Cyprus, from traditional “triara” with halloumi to modern street food concepts across Nicosia, Larnaca, Limassol, and beyond.

The initiative for a direct air link was foreshadowed by Indian Prime Minister Narendra Modi’s visit to Cyprus in June.
01/08/2025

The initiative for a direct air link was foreshadowed by Indian Prime Minister Narendra Modi’s visit to Cyprus in June.

Cyprus and India plan to launch direct flights by summer 2026, boosting tourism, business, and investment opportunities between the two nations.

Despite calls from political parties and citizens for ministers to assume political responsibility, no resignations have...
01/08/2025

Despite calls from political parties and citizens for ministers to assume political responsibility, no resignations have been submitted.

President Christodoulides delays cabinet reshuffle, awaiting wildfire investigation reports, as political pressure mounts for accountability after the Limassol disaster.

Cyprus and Egypt move forward with Cronos gas field, eyeing 2025 investment and 2027 first gas.
01/08/2025

Cyprus and Egypt move forward with Cronos gas field, eyeing 2025 investment and 2027 first gas.

Cyprus and Egypt advance Cronos gas field plans with key commercial agreements due in August, targeting a 2025 investment decision and first gas in 2027.

CERA approves €25M recovery for the Great Sea Interconnection in 2025, pending ADMIE license approvals.
01/08/2025

CERA approves €25M recovery for the Great Sea Interconnection in 2025, pending ADMIE license approvals.

CERA approves €25 million cost recovery in 2025 for the Great Sea interconnection, contingent on ADMIE obtaining required interconnection licenses.

Washington targets Cyprus-based entity as part of major sanctions package aimed at Iran’s oil sector and alleged corrupt...
31/07/2025

Washington targets Cyprus-based entity as part of major sanctions package aimed at Iran’s oil sector and alleged corrupt shipping empire.

A Cyprus-based company faces U.S. sanctions for its ties to a network funding Iran's regime through illicit oil trade. Largest package since 2018.

Efforts intensify to restore electricity and clear debris in fire-stricken Limassol communities, while victims await sta...
31/07/2025

Efforts intensify to restore electricity and clear debris in fire-stricken Limassol communities, while victims await state aid.

Cyprus begins rebuilding power infrastructure after deadly Limassol wildfire. Residents await government compensation as crews and volunteers clear debris from burned homes.

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