Cyprus has been recognized for its strong performance in innovation and artificial intelligence (AI) by the EU and IMF. The European Innovation Scorecard places Cyprus as a 'Strong Innovator', ranking 13th among 39 European countries. The country has shown improvement in scientific publications and SME collaborations in R&D.
The IMF's AI Preparedness Index reveals that Cyprus ranks 30th globally, indicating readiness for AI adoption. Wealthier economies tend to be better equipped for AI, but Cyprus is making progress in digital skills and integrating technology into businesses. The country's national strategy on AI focuses on maximizing investments, creating data spaces, promoting talent, and developing ethical AI.
Greek City Times 9month
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