Nicosia:Investing in talent, digital skills, and financial literacy is crucial for bolstering Cyprus' long-term competitiveness and fostering an innovative and resilient economy, stated Deputy Minister to the President, Irene Piki, during a scholarship awards ceremony organized by the University of Cyprus and Kraken.
According to Cyprus News Agency, Piki emphasized that the government, under President Nikos Christodoulides, prioritizes developing human capital and promoting technological innovation as central to the country's economic future. She highlighted how artificial intelligence and digital finance are transforming industries and reshaping the labor market's skill requirements, underscoring the need to translate knowledge and research into economic value.
Cyprus' technology sector has become a significant economic growth driver, Piki noted, with international companies like Kraken playing a key role in attracting investment, transferring expertise, and creating high-value jobs. She also mentioned the establishment of Plug and Play Cyprus, aimed at connecting innovative startups with global investors and business networks.
Retaining and attracting highly skilled professionals is a national priority, Piki asserted, mentioning the government's international outreach efforts and the 'Minds in Cyprus' initiative, which seeks to reconnect Cypriot professionals abroad with opportunities at home.
Piki placed particular emphasis on financial literacy as an essential life skill in the digital economy, acknowledging that while emerging financial technologies present opportunities, they also pose risks. "In this environment, knowledge is protection," she stated, emphasizing collaboration between government, universities, regulators, and the private sector.
Congratulating the six scholarship recipients, Piki highlighted their achievements as evidence of the importance of investing in education and providing young people with opportunities to realize their potential. She expressed gratitude to the University of Cyprus and Kraken for their partnership, noting that such initiatives bridge academic excellence with modern economic needs.
In conclusion, Piki stated, "Talent remains the most important competitive advantage any 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.