Economics
Cyprus Strengthens Its Position in the Global Startup Ecosystem Rankings
Cyprus is climbing the ranks in the global startup ecosystem, thanks to government initiatives and strategic advantages.
According to the latest StartupBlink Global Startup Ecosystem Index 2025, Cyprus has entered the global top 40 for the first time, ranking 40th — a 5-place jump from last year. With an ecosystem growth rate of 28.22%, Cyprus is recognized for the second consecutive year as the fastest-growing startup ecosystem in the European Union.
📊 Key Achievements:
- 🥈 2nd place worldwide among countries with populations under 2 million
- 🌍 4th place in Southern Europe
- 🚀 +71% increase in new startups compared to 2024
- 🏙️ Four Cypriot cities — Limassol, Nicosia, Larnaca, and Paphos — are featured in the global startup index
- 🎮 2nd place globally in the gaming industry sector
- 💳 3rd place in Southern Europe in the fintech sector
- 🔗 9th place in the EU in blockchain development
🌟 Limassol — Cyprus’ Tech Flagship
Limassol emerged as the country’s fastest-growing startup hub, climbing 9 positions to rank 230th globally. With more than 26% ecosystem growth, the city ranks 12th in Southern Europe, cementing its role as the island’s leading tech center.
