Ugne Buraciene: The landscape for business here improved significantly over the past 10 years

07:00 - 10 December 2024

People

The business landscape in Cyprus has improved significantly over the past 10 years, according to Ugne Buraciene, CEO of payabl., who was asked to explain why the global pay tech leader has chosen the island for its headquarters in an interview for Invest Cyprus’ Working and Living in Cyprus series.

payabl. was established in 2010, and at the time the owners of the company chose Cyprus for its headquarters for multiple reasons, says Buraciene.

Regulatory-wise, it was pretty efficient to set up a payment company and get started fast. There was also no language barrier that made it easier to employ people.

And as the company grew, there were even more reasons why it chose to continue on the island and remain until this day.

Watch her full interview below:

News Feed

Read More

EC takes action against Cyprus and other member states in infringements package
Harmonised inflation up 0.5% y-o-y in June - 1.6% in first half of 2025
CBN Young Dragon Awards: Open call ongoing - Submit your nominations now!
Tourist arrivals up in June, despite dramatic 41.6% drop from key market Israel
Cyprus economy shows resilience, though geopolitical tension a threat to stability
Finance Ministry: Net-zero energy transition cost depends on chosen policy mix
India's Ambassador discusses opportunities of mutual interest with Cyprus Shipping Chamber
LCCI Barometer: Limassol’s business community says economy now in better state than six months ago
Michael Kyriakides: If implemented correctly, the new FDI screening system will be a positive development for Cyprus
Shaul Keinan and the vision of Cyprus as an international business destination