Breaking news

Digital Cyprus Conference 2026 Puts AI At The Heart Of Business Transformation

Artificial intelligence and digital transformation took centre stage this week as the 5th Digital Cyprus Conference 2026 brought together business leaders, policymakers, technology experts and internationally recognised speakers in Nicosia to discuss how emerging technologies are reshaping the future of business.

AI Takes Centre Stage In Cyprus’ Digital Agenda

Organised by the Cyprus Information Technology Enterprises Association (CITEA) and IMH, the conference explored how artificial intelligence is transforming industries, changing the way businesses operate and creating new opportunities for growth across the economy.

Addressing the event, Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou highlighted the strategic role of digital transformation and AI adoption in strengthening Cyprus’ long-term competitiveness.

Business Leaders Examine The Next Wave Of Transformation

Building on that theme, speakers from Cyprus and abroad shared insights into the latest developments in digital technologies, focusing on the strategies businesses can adopt to remain competitive in an increasingly technology-driven marketplace.

Alongside the conference programme, participants also explored an outdoor technology exhibition showcasing innovative products, services and digital solutions from companies across the sector.

CITEA Says AI Is No Longer Optional

Reflecting on the discussions, CITEA President Giorgos Malekkos said the conference demonstrated not only how rapidly artificial intelligence is evolving, but also how businesses are already putting the technology into practice while preparing for the opportunities it is expected to create in the years ahead.

“AI is here to stay and was the central theme of the conference, a topic that will continue to be highly relevant in the years ahead,”

he said.

Malekkos added that CITEA and its members stand ready to help businesses take the next step by supporting the adoption and effective use of artificial intelligence.

A Growing Platform For Cyprus’ Digital Ecosystem

This year’s event once again reinforced the conference’s role as one of Cyprus’ leading forums for the business and technology community. By bringing together policymakers, industry leaders and technology providers, it provided a platform for exchanging ideas, sharing expertise and building new partnerships across Cyprus’ growing digital ecosystem.

Cyprus Employment Rises 1.7% To 525,167 In Q2 2026

Cyprus employment increased 1.7% year over year to an estimated 525,167 people in the second quarter of 2026, according to the state statistical service, Cystat. Employees accounted for 472,254 of the total, while 52,913 were self-employed. The increase points to continued labor market growth across both wage employment and independent work.

Trade, Construction And Leisure Lead Employment Growth

Wholesale and retail trade, including motor vehicle and motorcycle repair, recorded some of the strongest employment gains, alongside construction and arts, entertainment and recreation.

Those sectors are closely linked to domestic economic activity, with trade reflecting consumer demand and construction reflecting investment. Employment growth in leisure-related industries also points to continued activity in consumer-facing services.

Hours Worked Rise Faster Than Employment

Labor input increased faster than headcount. Cystat estimated that employees and other workers put in 246.57 million hours during the second quarter, up 2.2% from a year earlier.

The increase suggests that businesses were not only employing more people but also recording higher total hours worked. Wholesale and retail trade, construction, and arts, entertainment and recreation again recorded the strongest gains.

Labor Market Expansion Remains Broad-Based

The combination of higher employment and hours worked points to continued expansion in Cyprus’ labor market during the second quarter. The pace remains moderate, but gains across several major sectors indicate that labor demand continued to support economic activity.

Aretilaw firm
The Future Forbes Realty Global Properties
eCredo
Uol

Become a Speaker

Become a Speaker

Become a Partner

Subscribe for our weekly newsletter