Cyprus Chamber of Commerce addresses potential BrainRocket downsizing

The Cyprus Chamber of Commerce and Industry (KEBE) has issued an official response regarding recent reports concerning the potential restriction or cessation of operations by the technology company BrainRocket in Cyprus. As of September 8, 2026, the Chamber noted that no formal or comprehensive information has been provided by the company itself to confirm these business decisions, advising against premature conclusions regarding the underlying causes of such a development.

KEBE emphasized that if a company of this scale were to reduce its presence, it should serve as a catalyst for a broader national dialogue on the country's economic competitiveness. The Chamber stated that while Cyprus maintains strong advantages as an investment destination—including its European Union membership, professional service infrastructure, skilled workforce, and strategic geographical location—the potential exit highlights the urgent need to address the challenges faced by international firms operating within the country.

Moving forward, the Chamber is calling for a joint assessment of the situation in coordination with the government. KEBE stressed the importance of maintaining an ongoing dialogue between state authorities and businesses in the technology and innovation sectors to ensure a sustainable and attractive environment for international companies and talent.