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Cyprus Joins Europe’s Strong Innovators In Research Ecosystem

by THEFUTURE.TEAM

November 14, 2024

Cyprus’s research and innovation landscape has grown significantly in recent years, elevating the country to a place among Europe’s “Strong Innovators,” announced Nicodemos Damianou, Cyprus’s Deputy Minister of Research, Innovation, and Digital Policy. This statement followed his meeting on Wednesday with the European Research Council (ERC) President, Professor Maria Leptin, at the Presidential Palace.

Education Minister Athena Michaelidou, Deputy Minister to the President Irene Piki, and Chief Scientist for Research, Innovation, and Technology Demetris Skourides were also present at the meeting. Discussions centred on bolstering Cyprus’s research and innovation infrastructure and optimising participation in Horizon Europe funding programs, with a particular focus on ERC initiatives.

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Deputy Minister Damianou underscored the progress of Cyprus’s research and innovation ecosystem, now recognized among Europe’s leading innovation hubs. He attributed this achievement to the “passion and dedication” of Cyprus’s researchers and innovators and affirmed the government’s commitment to fostering a supportive environment for continued growth in these fields. “Our research ecosystem has flourished over the last few years, achieving recognition as one of Europe’s Strong Innovators,” Damianou said, highlighting the government’s ongoing support.

Notably, Cyprus has secured 32 European Research Council grants, seven of which were awarded in just the past three years, reflecting the country’s advancement in research excellence.

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Cyprus Economy Outperforms EU Benchmarks With 4.5% Quarterly Growth

by THEFUTURE.TEAM

February 16, 2026

The Cypriot economy recorded an impressive 4.5% year-on-year growth in the fourth quarter of 2025, according to preliminary estimates from the Statistical Service. This performance represents a notable acceleration, with a seasonally adjusted quarterly increase of 1.4% compared to the previous period.

Quarterly Performance Surpasses Expectations

Based on Eurostat data, Cyprus has significantly outpaced its European counterparts. While the Eurozone achieved an average growth rate of 1.3% and the European Union registered 1.5%, Cyprus clearly outperformed both. Such robust quarterly performance underlines the nation’s strategic economic positioning amid global market uncertainties.

Full-Year Projections And Fiscal Discipline

For the entire year 2025, growth is forecasted at 3.75%, exceeding earlier predictions from the Ministry of Finance and several domestic and international agencies, which had estimated an increase between 2.9% and 3.5%. This optimistic projection is supported by a low inflation environment and conditions of near-full employment.

Sustainable Growth Amid Global Uncertainty

Despite increased international volatility, Cyprus continues to demonstrate a resilient economic dynamic. Experts assert that a commitment to prudent and disciplined fiscal policies will bolster the nation’s ability to maintain medium-term growth rates above 3%. This strategic approach offers a strong competitive edge, much like other success stories in high-growth markets where sound economic management has proven vital.