Published on February 24, 2026, the feature moves beyond the announcement of CYGMA’s establishment and places Cyprus into a broader European industry context.
According to the market snapshot referenced in the article, more than 300 studios currently operate from Cyprus, collectively releasing over 550 titles in 2025 and generating an estimated $1.6 billion in annual revenue. By studio count and revenue scale, Cyprus stands among the more significant game development hubs in Europe — despite historically receiving limited recognition in international rankings and discussions.
As Anton Yudintsev, founder of Gaijin Entertainment, told GamesBeat:
“Cyprus is one of the biggest European countries in terms of amount of studios, numbers of people, and revenues. For some reason, historically, Cyprus is not even on the map of the European gaming industry.”
The article highlights that Cyprus increasingly competes for talent and studio presence alongside established European markets such as France and Germany, while offering comparatively streamlined relocation processes and an EU-based regulatory framework.
The feature also outlines the board representation behind CYGMA, including leading companies with established operations in Cyprus such as Wargaming, Gaijin Entertainment, Owlcat Games, My.Games, Helio Games, and the industry community platform GDCy.
Beyond scale, the article reflects on the structural maturity of the ecosystem: talent mobility between studios, growing venture activity, regular executive-level industry events, and increasing dialogue with regulators and educational institutions.
CYGMA’s mission — as discussed in the interview — is to formalize representation for this ecosystem, strengthen regulatory dialogue, enhance international visibility, and build long-term collaboration between industry, universities, and government stakeholders.
The coverage signals a shift in perception. Cyprus is no longer operating at scale under the radar. It is increasingly positioned within the European conversation — not as a peripheral location, but as a competitive and structurally relevant development hub.
Read the full article on GamesBeat: https://gamesbeat.com/cygma-will-represent-the-300-plus-game-studios-in-cyprus/