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Cyprus’s AI Strategy 2032: The Real Test Is Not Adoption, But Measurable Impact

Cyprus has moved from debating whether to adopt artificial intelligence to deciding how to turn it into measurable economic value.

The National AI Strategy 2032 sets priorities for AI across government, business and the wider economy, with goals including higher productivity, better public services and stronger companies.

From Strategy To Implementation

The strategy builds on existing work in digital transformation, infrastructure, research and innovation. Cyprus also has universities and research centers, a growing technology sector, professional services expertise and access to European infrastructure and computing resources.

Implementation is now the central challenge. High-value use cases can be launched, measured and expanded without waiting for every system to be fully developed.

Its ApplyAI gates framework assesses use cases for value, technical feasibility, readiness, risk and compliance. Testbeds and sandboxes can provide controlled environments for experimentation.

Shared Infrastructure Could Support Public Sector

The Government Innovation Hub can help public institutions with co-design, prototyping and testing before wider adoption or procurement.

Meanwhile, the Common Platform and National API Grid could provide reusable services and secure data exchange, reducing the risk of fragmented systems across government.

Cyprus’ small size may also allow faster coordination between government, businesses, universities and research centers. Applications can be tested locally before those that deliver measurable results are expanded.

AI Opportunities Span Several Sectors

The strategy identifies potential applications in shipping, healthcare, tourism and financial and professional services.

Shipping projects include Blue Intelligence, an Intelligent Maritime Orchestrator, digital twins and predictive maintenance. Healthcare applications include a Virtual Patient Coordinator and digital twins, while tourism can use living labs to test new services.

Financial and professional services could apply AI to fraud detection, risk modeling, document intelligence and agentic workflows. Each use case will require separate assessment because sectors differ in their data, risks and operating requirements.

Cyprus also does not need to develop a frontier AI model to benefit from the technology. Global systems can be combined with local expertise, specialized applications, intellectual property and products in areas where Cyprus has an advantage.

Adoption Remains Below EU Levels

In 2025, 9.27% of businesses in Cyprus used AI, compared with about 20% across the EU. Malta, another small economy, had reached 21.4%.

Closing that gap will require both specialized AI talent and broader workforce training. Initiatives such as the Skills Gap Atlas, NASQ and FutureAI CY are designed to identify skills shortages and support training and microcredentials.

Accountants, lawyers, teachers, bankers and tourism professionals will not need to become machine-learning engineers, but they will increasingly need to use AI in their existing roles.

Measuring The Economic Return

The strategy’s progress will need to be measured through productivity, time and cost savings, service quality, workforce adoption and economic value.

Technological sovereignty can also be approached through a combination of global access and domestic capability. For Cyprus, that could mean relying on leading technologies while developing national capacity in critical data, infrastructure, computing, applications and intellectual property.

The National AI Strategy 2032 provides the framework. Its economic impact will depend on which applications are implemented, how quickly they are scaled and whether they produce measurable results.

Conversation with Panayiotis Dionysiou, AI professional and founder of Quantum AI Ltd, a company focused on artificial intelligence and quantum technology.

AI In Practice Brings Business Leaders Together To Learn, Unlearn And Relearn

AI in Practice: Changing the Future of Business takes place on Monday, 19 October 2026, at the Cultural Center of European University Cyprus in Nicosia, under the auspices of the Chief Scientist of Cyprus, Demetris Skourides.

Organised by Panis.News with co-organisers GrantXpert Consulting and Future Skills Hub at European University Cyprus, the event will bring together founders, SME owners and senior executives to examine practical uses of artificial intelligence.

The evening runs from 18:00 to 22:30. Tickets will be available until 12:00 noon on Monday, 19 October, Cyprus time.

For business leaders, the challenge is deciding where AI can deliver results. The programme will explore how to identify useful applications, prepare teams and connect technology investment with business needs. Demonstrations, case studies and direct questions to speakers will help attendees assess their next steps.

Panis Pieri, Founder of Panis.News, said:

“Business leaders need space to ask questions, challenge assumptions and learn from people applying AI. We created AI in Practice to make that conversation accessible and useful. We want attendees to leave with a clearer idea of what they can do next in their own businesses.”

Dr Celia Hadjichristodoulou, Founder and Managing Director of GrantXpert Consulting and Future Skills Hub, said:

“Working out where AI belongs in your business takes real thought about your customers, your processes and your people.”

AIA.Labs supports the event as the Gold Partner. Its founder, Sotiris Makrygiannis, said:

“In the 70s we learnt how to punch a card to go to work or program a timesharing computing machine, in the 80s the personal PC and office tools, in the 90s the modem and basic internet, in the 2000s mobile internet plus web shopping, and by 2010 the mobile apps. Now it’s time to learn how to practically use AI and that alone is the most disruptive thing an individual can do today. We are happy to sponsor the event because theory needs a practical application.”

The Agenda

– 18:00–18:30: Registration and networking.

– 18:30–18:50: Welcome remarks from Panis Pieri, Dr Celia Hadjichristodoulou and EUC Rector Professor Loizos Symeou.

– 18:50–19:00: Interview with Chief Scientist Demetris Skourides.

– 19:00–19:20: The AI Revolution. Why should you care? by Monica Odysseos, Head of AI and Data Lab of Grant Thornton.

– 19:20–19:40: From Business Pain Points to AI Transformation: A CEO’s Roadmap to Real Results by George Malekkos, CEO of POWERSOFT Computer Solutions & AI-Driven Business Transformation Architect & President of CITEA.

– 19:40–20:20: AI and the Future of Business: Will Your Business Be Here in 2030? by Paris Thomas, Executive Advisor on AI & Strategy, Founder at Rapid Visual / Strapivo

– 20:20–21:00: Questions and answers with the speakers.

– 21:00–22:30: Networking over drinks and bites.

The Challenge

The evening’s programme approaches the challenge from three directions.

Monica Odysseos will begin with a question that deserves a clear answer: why should you care?

Her session will explore how AI is changing the way people work, make decisions and create. Her background spans software development, accounting and applied AI, bringing both technical and business perspectives to the discussion.

George Malekkos will then examine how business problems can become starting points for AI adoption.

Where does your company lose time? Which processes cause delays? Where could you improve the customer experience?

His presentation will look at selecting useful applications, preparing teams and processes, and measuring results. For a business owner deciding where to begin, that connection between a specific problem and a measurable outcome matters.

Paris Thomas will take the discussion further with his keynote, “AI and the Future of Business: Will Your Business Be Here in 2030?”

It is a challenging question. It asks leaders to look beyond today’s workload and consider how their products, services and business models might need to change.

His hour-long session will include live AI demonstrations and enterprise case studies. It will explore how leaders can improve their current business while developing new opportunities and preparing for longer-term change.

The Event

The event will be in English.

The full programme and to book your tickets, visit: https://luma.com/ai-in-practice-cyprus

The organisers thank:

  • Silver Partners Growth Hacking Cyprus, RSEVEN, Mel’s Digital and Makkas Winery.
  • Supporters: Cyprus Computer Society, XValley Tech, Business Society Accelerator, Startup School Cyprus and Carierista.
  • Community Partners: EIT Community Hub Cyprus, CYENS, Women in Tech, Startup Greece, ECECT, CITEA, IET Cyprus and Cyprus_IT

Follow updates about the event on social media at #PanisMeetups

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