Breaking news

Cyprus Tech Sector Demands Urgent Reform In Informatics Education

Cyprus’ technology sector is warning that outdated informatics education could undermine the country’s ability to compete in the digital economy. Industry representatives argue that without substantial updates to school curricula, the education system may struggle to equip students with the skills required in a technology-driven labour market.

Rethinking The Curriculum In A New Digital Era

During the Teachers For STEM conference, organized by the Cyprus Computer Society (CCS), George Malekkos, president of the Cyprus IT Enterprises Association (CITEA), outlined the critical need to modernize the way informatics is taught. Malekkos stressed that the issue transcends traditional academic boundaries; it is a strategic economic imperative. In an era defined by artificial intelligence, data analytics, and automation, educational institutions must evolve rapidly to prepare students for the challenges of tomorrow.

Unleashing The Full Potential Of Talent

Malekkos also pointed to the persistent underrepresentation of women in STEM careers across Cyprus. Despite progress in leadership representation within the technology sector, participation levels remain uneven. Expanding access to STEM education for women, he argued, would strengthen the country’s innovation capacity while helping to address growing talent shortages in the technology industry.

Collaboration As The Engine Of Change

Educators, according to Malekkos, play a central role in shaping students’ confidence, ambitions and digital skills. However, the pace of technological change has accelerated significantly, while curriculum reforms often take years to implement.

He stressed that stronger cooperation between the education system and the technology industry will be essential to keep programmes aligned with labour market needs. “Change will not come with words; it will come with collaboration,” he said.

CITEA has expressed its readiness to work with institutions, including the Cyprus Computer Society, universities, the Council of European Professional Informatics Societies and the Ministry of Education. Industry representatives say closer coordination between education and technology stakeholders will be critical to preparing the next generation of digital professionals in Cyprus.

Mercedes-Benz Posts Higher Profit Despite China Slowdown

Mercedes-Benz reported stronger-than-expected second-quarter results, lifting its shares on Tuesday despite mounting pressure from Chinese automakers and a weaker outlook for sales and revenue.

The earnings provided a boost for Europe’s auto sector, where manufacturers continue to grapple with tariffs, softer demand and intensifying competition from Chinese rivals. Volkswagen, Mercedes-Benz and BMW have all accelerated restructuring efforts in response.

Cost Discipline Lifts Quarterly Profit

Mercedes-Benz shares rose as much as 5.9% following the results before trimming gains to trade 3.5% higher by 1118 GMT. The company reaffirmed its profit margin guidance for its core passenger car business after reporting an adjusted return on sales of 4.0% for the second quarter, above market expectations and within its 3% to 5% target range.

“In an environment where some automakers are ringing alarm bells on their competitive positioning, Mercedes delivered a clear and confident message,” Morningstar analyst Rella Suskin said.

Second-quarter operating profit increased 22% to €1.5 billion ($1.7 billion), despite a 3% decline in revenue. Lower administrative and research and development costs, together with strong performances from the financial services and vans divisions, supported earnings, while the results also included a €131 million gain related to the planned sale of leasing subsidiary Athlon.

China Remains The Key Pressure Point

Despite stronger profitability, Mercedes continues to face a challenging market environment. Sales in China fell 30% during the second quarter, prompting the company to abandon earlier expectations for stable car sales and group revenue. It now expects both to decline slightly from a year earlier.

BMW also lowered its outlook in June following a deeper-than-expected slowdown in China, highlighting the pressure facing Germany’s premium carmakers. At the same time, Mercedes said Chinese manufacturers are increasingly expanding into European markets, although Chief Executive Ola Kaellenius said their focus remains on higher-volume segments rather than the premium market.

“But that is not a reason to sit back and be relaxed,” he said.

Manufacturing Shift Continues

Mercedes is also reshaping its manufacturing footprint. The company said its German factories will undergo a more aggressive push toward leaner production, although it declined to provide further details while talks with labour representatives continue. Production is also being expanded in lower-cost Eastern European locations, including Hungary, where the company is increasing capacity at its Kecskemet plant, as well as in Poland.

Chief Financial Officer Harald Wilhelm said the full-year margin for the passenger car division is expected to come in at the lower end of the company’s guidance range, reflecting a higher share of electric vehicle sales in Europe, which remain more expensive to produce and continue to weigh on profitability.

“We must continue to work flat out to reduce costs so that we can remain competitive on the prices of our products,” Kaellenius said.

The Future Forbes Realty Global Properties
Uol
eCredo
Aretilaw firm

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter