Minister: Digital strategy to bring economic and social benefits

Minister: Digital strategy to bring economic and social benefits

Minister of Commerce, Industry, Tourism and Energy Yiorgos Lakkotrypis said today that the implementation of an overall digital strategy will bring many benefits to the state, the economy and the society.

Addressing an event in Nicosia on the occasion of the second phase of Digital Championship 2014-2015, the Minister said that the implementation of a digital strategy will be important to strengthen the competitiveness of the economy, to create new jobs, to modernize and restructure the state and increase productivity.

Lakkotrypis said that Information and Communication Technologies will embrace the important sectors of the Cypriot economy such as tourism, education, health, transport and entrepreneurship and will help Cyprus become a regional service center, attracting investments.

He referred to the Ministry`s actions to strengthen the sector and said that 40 businesses took part in the government`s pilot project aiming at enhancing innovation with an overall budget of four million euro. The new plan announced recently, he said, has a budget of 10 million euro.

In addition, he said that the Ministry will announce a series of new fundings in the framework of the EU structural funds for the period 2014–2020 with an overall budget of 30 million euro.

Speaking at the same event, Cyprus` digital champion and Permanent Secretary of the Ministry, Stelios Chimonas said that the competition on innovation in the fields of technologies, information and communication, called digital championship, was one of his primary goals as digital champion of Cyprus.

“The idea began two years ago. We cooperate with an excellent team of people ranging from all areas, the academic community, the public and private sector, the EU representation and other organisations”, he said.

He noted that the message is that Cyprus can and should exploit the ideas of the Cypriot scientists and their innovative ideas. This, he concluded, will give a boost to economy and competitiveness of the country.