News Local FinMin takes deputy ministry of innovation bill before parliament

FinMin takes deputy ministry of innovation bill before parliament

Finance Minister Harris Georgiades on Monday presented before the House Finance Committee a bill providing for a Deputy Ministry of Innovation and Digital Policy in Cyprus.

And he told MPs that digital transformation worldwide will bring about unprecedented changes for which the EU-member state must be ready to confront.

“Projects in excess of €250 million are already underway and much has been done over the last two years in research and innovation. However, the state is lagging behind because of coordination actions fragmented into different departments and services,” Georgiades also said.

“By utilizing existing staff and existing structures and without raising costs whatsoever, we will have a deputy ministry focusing on this specific competence and aiming to increasing the capacity of the state to promote such policies,” he added.

The Minister also said Cyprus should be able to participate effectively in the EU, with the ultimate goal being the expansion of the productive base of the island’s economy and the creation of quality jobs.

The setup of the Deputy Ministry is included in the Governance Programme and among substantial
steps taken such was the appointment of the National Chief Scientist for Research and Innovation.

The Minister called on committee members to approve the bill soon so that it gets into implementation early in 2020.


Read more:



Top Stories

Increase of COVID-19 cases in educational institutions of Polis Chrysochous

Epidemiologists are focusing their attention on Polis Chrysochous since the COVID-19 seems to be spreading in the school community there. According to the authorities...

Roads in Larnaca, Nicosia to close due to Egyptian President’s visit

The Police announced that on Wednesday 21 October, the Egyptian President Abdel Fattan Al-Sisi is expected to visit Cyprus. During his visit increased security...

Giannakis Gavriel new AKEL MP for Famagusta

Giannakis Gavriel was on Tuesday 20 October declared as the new MP of AKEL for the Famagusta District. In a statement the new AKEL MP...

Old man deprived of wheelchair because he owed rent

A paraplegic man who is also suffering from Alzheimer stayed at a Retirement Home for approximately six months in 2017. Due to the fact...

Two extra floors at Sun City of Tziovannis (PHOTOS)

Illegalities in the Sun City case of a company in which Christos Tziovannis, resigned opposition AKEL MP, is a shareholder seem to be many....


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...