Progress for Cyprus on EU scoreboard
Cyprus fared well on the European Innovation Scoreboard
FAMAGUSTA GAZETTE 19.JUN.09
President Demetris Christofias said yesterday that Cyprus, along with Finland, Ireland and Bulgaria, has recorded the highest progress among the EU member states.
Christofias cited "initiatives the government has been taking over the past years" as the reason for the island's increased success on the European Innovation Scoreboard for 2008,
He added that Cyprus' performance reached 0.471, slightly below the EU27 average of 0.475, and the country is now ranking 12th.
In a speech at a ceremony for the Cyprus Innovation Award, which was read out by Commerce Minister Antonis Paschalides, the president said that innovation has proven to be a decisive factor for business competitiveness, economic growth and social welfare in countries promoting research, creativity and technological advancement.
He added that the government has planned a series of initiatives and measures with an aim to upgrade the institutional framework for the promotion of research and innovation, and has also decided to maintain the increased funds for research, as well as the utilisation of EU structural funds. - (KYPE)
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It looks like our little nation is fast becoming a good example for innovation within the EU...
In the midst of economic doom and gloom some nations such as Cyprus have been setting new benchmarks in innovation, and showing many other EU nations exactly how it is done.
So what are some of the island's more recent innovations?