Non-profit organisation TechIsland recently announced that Wargaming general manager Valentinos Polykarpou has been appointed as its new chairman. The Cypriot executive is taking over at the island’s biggest IT association.

“The Board of Directors of TechIsland would like to announce the appointment of Valentinos Polykarpou, general manager at Wargaming, as the new chairman of the organisation,” the announcement said.

Polykarpou succeeds University of Nicosia CEO Antonis Polemitis, as part of the rotation that the Board of Directors has introduced into the governance of the organisation.

“The Board of Directors would like to express its appreciation towards Polemitis for his contribution during his term, and to wish Polykarpou a productive term,” TechIsland said.

Furthermore, TechIsland also noted the fact that Fitch Ratings recently upgraded Cyprus to ‘BBB’ with a Stable Outlook, indicating the country’s commitment to stability and growth.

“This upgrade is a testament to the strong economic performance of the country and the government’s efforts to promote a favourable business environment. Cyprus offers a strategic location, a skilled workforce, and attractive tax incentives for businesses, making it an ideal destination for both startups and established technology companies,” TechIsland concluded.

With its innovative and growing tech industry, Cyprus is quickly becoming a hotspot for businesses looking to thrive in a stable and dynamic environment.