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Cyprus Expands AI And Blue Economy Programs In Europe

Chief Scientist Demetris Skourides has spearheaded a strategic series of high‐level engagements in Brussels and the Netherlands, underscoring Cyprus’ commitment to advancing artificial intelligence (AI), ocean policy, and science‐based policymaking within the European Union.

Engaging With European Leaders

Following his participation in the Women Who Built Europe Summit in Brussels, Mr. Skourides met with top European officials. A key discussion with European Commissioner for Fisheries and Oceans Costas Kadis focused on leveraging AI to support the development and implementation of ocean-related policy, aligning with the broader objectives of the European Ocean Pact and the Ocean Eye initiative.

Innovative Technologies For A Blue Economy

Delegations underscored the integration of advanced sensor technologies with AI-powered systems to enhance monitoring, forecasting, and decision-making capabilities across marine environments. By transitioning from predictive insights to actionable intelligence, European policymakers are better equipped to address complex challenges in ocean governance and promote the growth of the blue economy.

Advancing Science-For-Policy

In addition to his discussions in Brussels, Mr. Skourides represented Cyprus at the Joint Research Centre (JRC) Board of Governors in Petten. Strategic sessions focused on the pivotal role of science in evidence-based policymaking, including topics from vehicle market surveillance to advanced hazard diagnosis in nuclear emergencies. The collaborative initiatives, such as the DAPHNE initiative and the development of a Code of Conduct for Energy Smart Appliances, highlight the transformative impact of emerging AI tools on testing and validation processes.

Innovation In Green Energy And Technology

The delegation also visited the InVesta Experience Centre, a living laboratory that bridges the gap between research and commercialization in green energy. This pioneering hub facilitates plug-and-play solutions for biomass and hydrogen technology, serving as a model for accelerating Europe’s green transition through integrated innovation and business incubation.

Strengthening Strategic Partnerships

Mr. Skourides further deepened bilateral cooperation with Joint Research Centre Director General Bernard Magenhann, discussing how AI can further refine evidence-based policymaking and streamline data-driven decision processes. These engagements highlight Cyprus’ active role in shaping a forward-looking dialogue on sustainability, AI, and technology within the European ecosystem.

Through these high-level meetings, Cyprus not only reinforces its strategic positioning as a hub for research and technology but also contributes significantly to shaping policy frameworks that balance innovation with sustainable resource management across Europe.

Eurobank Plans €1 Billion Investment In AI And Digital Banking By 2028

Eurobank plans to invest about €1 billion in technology from 2025 through 2028, its largest technology investment program to date. The Banking Forward strategy focuses on digital banking, artificial intelligence, customer experience and a “phygital” model combining digital services with face-to-face support.

Digital Banking Dominates Customer Activity

Digital channels already account for 96% of Eurobank transactions, with 61% completed through the Eurobank Mobile App. Among customers aged 35 and under, digital adoption reaches 94%.

Customers make about 574 million annual logins across e/m-banking and more than 1 million digital transactions each day. During the first half of 2026, one in three banking products was acquired digitally.

AI Moves Into Everyday Banking

Eurobank is expanding the use of AI through tools including EVA, its digital customer assistant, and myEVA, an AI-powered voice assistant for employees. The technology is also being applied to mortgage assessments, customer feedback analysis and contractual documents.

The bank’s technology architecture is built around five areas: digital channels, customer experience orchestration, data and AI, core banking, and infrastructure and cloud. About 50% of its applications and digital channels are already cloud-based.

Investment Extends Beyond Technology

The program is intended to reshape how Eurobank operates, combining automation and AI with employee development and human support. The bank says the approach is designed to improve services while maintaining access to face-to-face banking when customers need it.

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