Source: in-cyprus.philenews.com
President Christodoulides said the government would not obstruct innovation but instead support entrepreneurship as part of the country’s technological advancement, in a recorded message at Thursday’s opening of Reflect Festival 2025.
The two-day technology event in Limassol has attracted 10,000 participants, including more than 250 investors and an equal number of speakers from various countries.
Christodoulides described the festival as a reference point for innovation and technology in Cyprus and the wider region, citing Limassol as an example of a city experiencing growth in the sector.
“These efforts are based on a targeted and systematic strategy, which is founded on our government’s vision for a diversified, knowledge-based economy,” Christodoulides said. “An economy that capitalises on the country’s human capital, openness and connectivity with the rest of the world.”
The president said he had been promoting Cyprus as an emerging technology and innovation hub from Silicon Valley and New York to London, which he plans to visit this month. He noted encouraging responses from his contacts in the United States “as an ambassador for Cyprus’s technology community,” which he said created conditions for continued dialogue and exploratory contacts.
Cyprus now offers not only a warm climate and good quality of life, but also a multilingual, highly skilled workforce, a dynamic startup culture, competitive access to European markets and “a government that listens and acts quickly,” according to Christodoulides.
The president said the government is committed to eliminating problems for businesses by reducing bureaucracy, supporting the protected regulatory environment, and enhancing the already attractive framework for intellectual property development and Research and Development activities.
“Our government has received the message. We don’t want to be an obstacle; we want to be part of this journey,” he said, adding that this is why he supports Reflect Festival as a strategic platform connecting Cyprus to the global technology dialogue.
Christodoulides concluded that while no government can build such an ecosystem alone, it can support and strengthen it, because “the real work, the development of ideas, the solving of problems, comes from you, the innovators.”
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