Cyprus hosts the 2026 Games Summit to showcase industry growth

The Cyprus Games Summit 2026 took place in Limassol, where government officials and industry leaders highlighted the nation's emergence as a global hub for video game development. Deputy Minister of Research, Innovation and Digital Policy, Nikodimos Damianou, presented findings from the inaugural report by the Cyprus Game Makers Association (CYGMA). The data reveals that Cyprus currently ranks first globally on a per capita basis for the number of gaming companies, revenue, and mobile app installations.

According to the report, the sector consists of over 415 companies and more than 4,300 professionals, generating estimated revenues of approximately 3.2 billion euros in 2025. The government emphasized that this success is supported by a robust professional service sector, EU membership, and a strategic geographic location. To maintain this growth, officials highlighted specific incentives, including the 'IP Box' tax regime, tax deductions for research and development expenses, and income tax exemptions for qualified professionals.

Looking forward, the government aims to move beyond merely hosting international firms to fostering a self-sustaining ecosystem. The goal is to increase local studio creation, boost investment in intellectual property, and provide long-term career opportunities for local talent within the gaming industry.