Invest Cyprus Welcomes JetBrains to The Club of Tech Companies That Have Selected Cyprus as Their New Office Location
JetBrains, the Czech software company that develops tools for software developers and project managers, has announced ambitious plans to develop a hub in Cyprus, a move welcomed today by Invest Cyprus. The company has relocated more than 220 staff members to offices in Paphos and Limassol, and hopes to create another 80 jobs.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220928005722/en/
“Invest Cyprus is very keen to help companies as they scale and grow, and it’s encouraging to see employers such as JetBrains realize that Cyprus gives them the ability to expand further," said Invest Cyprus Chief Executive Officer, George Campanellas, “The investment by JetBrains is also further evidence that Cyprus is becoming a leading destination for tech companies in the European Union.”
Discussing the move, Maxim Shafirov, the CEO of JetBrains, said: “Technology companies are attracted to Cyprus because of the incentives offered and the overall environment is conducive to growing our operations and clientele.
“We have already relocated more than 220 employees to Cyprus, and our goal is to increase that number to about 300 by the end of the year. While such relocation procedures need considerable time to be completed, the support we received from Invest Cyprus means everything was made much easier, and the transition for the company and its employees has been smooth."
Mr Campanellas added: “As the national authority responsible for attracting foreign investment and providing certainty to foreign companies operating in Cyprus, we are dedicating all our energy to this mission. Despite adverse international conditions, the ICT output exceeded 1.9 billion euros in 2021, and we are optimistic that it will be even higher by the end of this year.”
Cyprus’s geographical location, at the crossroads of Europe, Asia and Africa, alongside its highly-skilled, multi-lingual workforce, robust legal framework and business friendly environment make it the ideal investment destination for tech and business, said Mr Campanellas.
About Invest Cyprus
Invest Cyprus is the investment promotion agency of the Government of Cyprus, dedicated to attracting and facilitating foreign direct investment into the country. The organization’s mandate, is to raise awareness of Cyprus as a location for international business and FDI across the globe, providing certainty around all aspects of operating a business in Cyprus and supporting potential investors in developing their business case for investment into the country. Please visit https://www.investcyprus.org.cy/
Founded in 2000, JetBrains strives to make the strongest, most effective developer tools on earth. By automating routine checks and corrections, our tools speed up production, freeing developers to grow, discover and create. As of 2019, the company had offices in Prague, Saint Petersburg, Moscow, Munich, Boston, Novosibirsk, Amsterdam, Foster City and Marlton, New Jersey. Further information can be found here - https://www.jetbrains.com/
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
For interviews and further information, please contact Arilena Constantinou at firstname.lastname@example.org
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Sion Power Announces Plans to Expand Battery Manufacturing Operations in Tucson, Arizona7.12.2022 19:41:00 CET | Press release
Sion Power Corporation, a leading technology developer of next-generation batteries for electric vehicles (EV), today announced plans to expand its existing manufacturing operations in Tucson, Arizona. The planned expansion site is the 111,400-square-foot building at 6950 South Country Club Road. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221207005770/en/ Sion Power's SP-1 expansion site. (Photo: Business Wire) The expansion is expected to be complete by 2026 and create over 150 jobs. New jobs will primarily be engineering, skilled technicians, and other manufacturing-related positions. The overall economic impact of the expansion is $341 million over the next five years. Sion Power’s headquarters will remain in its nearby location at 2900 East Elvira Road, doubling its footprint. Sion Power chose to expand because of its rich history, access and the availability of quality and skilled employees in the Tucson community.
ESF Seafood Transforms Shrimp Processing With Industry Leading Renewable Energy Conversion7.12.2022 18:00:00 CET | Press release
ESF Seafood announced the transitioning of its shrimp processing plant to renewable energy. The commissioning of the first stage of a solar energy micro-grid is the result of a three year development effort targeted towards reducing ESF Seafoods’ carbon emissions and energy costs. ESF will replace over 60% of its energy needs with electricity from solar during 2023 and have 100% carbon neutral processing by end of 2024. Gerardo Tome, President ESF Seafood noted, “Harvesting, processing and freezing shrimp in a tropical climate requires a very significant amount of energy. Southern Honduras is an ideal location for capturing solar energy due to the area’s high photovoltaic (PVOUT) rating and we are able to utilize our plant’s roof space for the solar panel installation which reduces the need for additional land usage. A recently approved law for commercial bi-directional meters enhances the profitability of additional energy generation by allowing us to supply surplus back into the nati
i2c powers QNB Group’s digital issuance for the Visa FIFA World Cup Qatar 2022™ prepaid card7.12.2022 17:15:00 CET | Press release
i2c Inc., a leading provider of digital payment and banking technology, today announced its partnership with QNB Group, the Official Middle East and Africa Supporter of the FIFA World Cup 2022™ to power the digital issuance of the Visa FIFA World Cup Qatar 2022™ Prepaid Card. By leveraging i2c’s agile banking and payments platform, QNB Group is issuing virtual Visa prepaid cards to end users' mobiles, securely enabling digital and NFC-based contactless digital payments as well as Apple Pay. “We are honored to support such an innovative and impactful use case in support of one of the world’s most beloved events,” said Amir Wain, founder and CEO of i2c. “By operating on our secure, highly-configurable platform, QNB Group is providing fans a great digital-first payments experience and an easy and simple way to pay.” “As the Official Middle East and Africa Supporter of the FIFA World Cup 2022™, we are extremely proud to bring this product to market and to be able to participate in the enha
Global Savings Group and Pepper.com Are Joining Forces7.12.2022 16:39:00 CET | Press release
Global Savings Group (GSG) and Pepper.com (Pepper) have signed a deal to join forces, combining the world’s largest shopping community with Europe’s leading shopping recommendation and rewards company. The transaction marks the biggest deal in the industry in 2022 and creates a European Champion with a global footprint. Together, GSG and Pepper will form a multinational tech company empowering shoppers in more than 20 markets to make more confident shopping decisions. GSG and Pepper will jointly operate the world’s largest shopping community, recommendation and rewards platform connecting brands and retailers with consumers across more than 2bn purchase journeys annually. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221130006042/en/ Fabian Spielberger (CEO and Founder Pepper.com) and Gerhard Trautmann (CEO and Co-founder Global Savings Group) are about to join forces. (Photo: Business Wire) “We are incredibly excited about
Boomi Names Steve Lucas as Chief Executive Officer7.12.2022 15:30:00 CET | Press release
Boomi™, the intelligent connectivity and automation leader, today announced it has appointed Steve Lucas as Chief Executive Officer. Lucas joins Boomi from iCIMS and brings more than 27 years of experience in enterprise software. He succeeds David Meredith, who has stepped down from the role to pursue other interests. Lucas has significant experience leading and operating some of the world’s most innovative software companies. Prior to spending three years growing iCIMS into a premier talent cloud company, Lucas held executive roles at Adobe, Marketo, SAP, and Salesforce. As CEO of Marketo, Lucas implemented significant product expansion and platform growth, leading to Adobe’s $4.75 billion acquisition of the company. “I’ve spent more than two decades building and growing software companies, and the need for integration across the enterprise has never been more clear or critical,” said Lucas. “Boomi is one of few independent, cloud-native platforms of scale that is enabling greater aut