Nicosia:Investing in talent, digital skills, and financial literacy is vital for enhancing Cyprus' competitiveness and fostering an innovative and resilient economy, according to Deputy Minister to the President Irene Piki. She addressed this point at a scholarship awards ceremony organized by the University of Cyprus and Kraken in Nicosia.

According to Cyprus News Agency, Piki emphasized the government's focus on developing human capital and promoting technological innovation as central elements of the country's economic strategy. She highlighted that artificial intelligence and digital finance are reshaping industries and redefining required labor market skills, underscoring the need to translate knowledge and research into economic value.

The Deputy Minister noted that Cyprus' technology sector is a significant contributor to economic growth, with international companies like Kraken playing a key role in attracting investment, transferring expertise, and creating high-value jobs. Piki also mentioned the establishment of Plug and Play Cyprus, which aims to connect innovative startups with global investors and networks.

Retaining and attracting highly skilled professionals is a national priority, Piki stressed. She highlighted the government's international outreach and the 'Minds in Cyprus' initiative, which aims to reconnect Cypriot professionals abroad with opportunities at home. The importance of financial literacy was also underscored as an essential skill in the digital economy, with Piki noting both the opportunities and risks presented by emerging financial technologies.

Piki praised the six scholarship recipients for their achievements and thanked the University of Cyprus and Kraken for their collaboration, emphasizing how such initiatives strengthen ties between academic excellence and the modern economy's needs. She concluded by affirming that talent is the most crucial competitive advantage a nation can possess.

#URL#Investing in talent, digital skills and financial literacy is essential to strengthening Cyprus' long-term competitiveness and building an innovative and resilient economy, Deputy Minister to the President Irene Piki said on Monday, addressing a scholarship awards ceremony organised by the University of Cyprus and Kraken in Nicosia.