Cyprus Business Now: weekly wrap-up

Here are the top business stories in Cyprus from the week starting October 7:

Cyprus’ ambitions to transform itself into a tech hub are facing significant challenges, as tech firms warn that skyrocketing office rents, especially in Limassol, are threatening the industry’s growth.

Despite Deputy Minister Nicodemos Damianou’s assurance that the goal remains achievable, high rental costs put a strain on companies looking to establish a presence on the island.

In a bid...