On September 18, 2026, the Employers & Industrialists Federation (OEB) and TechIsland signed a memorandum to foster technology, innovation, and entrepreneurship in Cyprus through joint initiatives and policy development.
On September 18, 2026, the Employers & Industrialists Federation (OEB) and TechIsland signed a Memorandum of Understanding to establish a structured framework for cooperation and coordination. The aim is to promote technology, innovation, and entrepreneurship in Cyprus.
The Memorandum unites the two organizations and their members with the goal of strengthening the innovation ecosystem and enhancing the growth potential of the Cypriot economy.
Under the agreement, the organizations will develop joint initiatives and policy proposals in areas affecting the business environment and innovation. Key focus areas include:
Special emphasis will be placed on developing digital and technological skills, upgrading and reskilling human resources, and aligning education and vocational training with labor market needs.
The Memorandum supports ongoing efforts to modernize the economy and transition to a sustainable development model, with technology and innovation as core components to enhance productivity and competitiveness.
