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Energame: Creating a Vibrant ICT Community

On 26 April, the 2nd Cyprus: The New Global Tech & Innovation Hub Summit showcased Cyprus as an emerging tech ecosystem and the benefits for those relocating to the island.

As one of the experts in Human Resources across diverse industries Marianna Hadjiandoniou, Executive Vice President of Energame, took part in the panel discussion entitled Sunshine and Success – Embracing Work-Life Bliss in Cyprus, where she underscored the adaptability of the tech sector in accommodating the preferences of Gen-Z, the ways in which Energame attracts top talent, and the benefits of relocating to Cyprus. Here, she talks to GOLD about the local ICT landscape.

What makes Cyprus an attractive hub for ICT companies and, of course, employees that may be thinking of relocating?

I believe that Cyprus offers a plethora of benefits that makes it an attractive destination for ICT companies. Let’s take, for example, our strategic geographical location between Europe, Asia and the Middle East. Businesses that are established here can operate across several time zones and access numerous markets easily. Then there is taxation: Cyprus has one of the lowest tax regimes in Europe, with a corporate tax of only 12.5%. Additionally, as an EU member state, our regulatory framework complies fully with EU standards. Companies can therefore feel secure in the knowledge that they are working in a transparent and stable environment. Moreover, with some of the fastest Internet speeds in Europe, Cyprus offers the essential digital infrastructure requisite for cutting-edge technology operations. It also offers a balanced way of life. Having worked in HR for many years, I recognise the importance of achieving a healthy work-life balance and I can assure you that Cyprus definitely offers that! Our Mediterranean island offers sun, beautiful beaches, nature, safe neighbourhoods and a relaxed lifestyle. This means that Cyprus is not solely a place for business but a place where individuals can develop and create a new life.

What changes would you like to see to make Cyprus an even more attractive proposition for ICT companies?

Looking forward, there are several enhancements that could make Cyprus even more appealing to ICT companies. One key area is education and talent development. Strengthening our educational institutions to focus more on STEM subjects – Science, Technology, Engineering and Mathematics – would ensure a steady pipeline of highly skilled professionals to support the growing demands of the ICT sector. Over the last few years, we have seen openings by various private educational institutes that use alternative teaching methods that focus on developing both students’ knowledge and critical thinking. However, as demand grows, we need to invest more in education. Additionally, I would advocate for further government investment in advanced digital infrastructure and cutting-edge technological research facilities. These would not only support existing businesses but also attract new ventures looking for a ready and sophisticated platform from which to operate. Moreover, simplifying business processes and enhancing the ease of doing business would significantly elevate Cyprus’ appeal. Reducing bureaucratic hurdles and accelerating the startup process would allow ICT businesses to become operational more quickly and efficiently. Finally, fostering a more collaborative ecosystem between universities, private companies and government entities could spur innovation and ensure that we are at the forefront of emerging technologies. By working together, we can create a vibrant community that is continuously evolving and adapting to the future needs of the ICT industry

What are your expectations regarding the impact of the 2nd Cyprus New Global Tech & Innovation Hub Summit on the Cyprus ICT landscape?

My expectations for this summit are centred on its potential transformative impact on the Cyprus ICT landscape. I envision the event not only raising awareness but also actively promoting Cyprus as a significant hub for technology and innovation on an international scale. We are at a critical juncture where technology can substantially propel our economic growth, and this event is an excellent platform to showcase the innovative capabilities and advancements that we have achieved so far. Furthermore, by bringing together leading experts, entrepreneurs and policymakers from around the world, the summit will facilitate meaningful dialogue and collaboration. I expect these interactions to lead to the forging of new partnerships and the initiation of projects that will enhance our technological infrastructure. This is crucial for keeping pace with global tech trends and for meeting the demands of our increasingly digital economy.

This Special Feature first appeared in the May edition of GOLD magazine. Click here to view it.

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