MONDAY, 6 DEC 2021

 

CONNECT

Facebook Linked In Twitter
Gold_November_leaderboard
GloriaJeans_266x90px
IMH LTD

Pope's Visit And Meetings In Cyprus Send Strong Message Of Solidarity, President Says

Cypriot FM Invites Egyptian Counterpart To Nicosia

gloria_christmas_266x90
IMH LTD

ECONOMY

Defence Minister Calls On Companies And Young Researchers To Show Interest In EU Defence Projects

Defence Minister Calls On Companies And Young Researchers To Show Interest In EU Defence Projects

Defence Minister Charalambos Petrides called on Cypriot companies research centres and young researchers to show interest in the field of defence and utilise opportunities stemming from the EU defence projects.

Accompanied by Jiri Serdivy the European Defence Agency’s Chief Executive who is visiting Cyprus, Petrides met with representatives of Cypriot companies and R&D centres participating in the EDA and European Defence Industry Development Programme (EDIDP).

Reiterating that Cyprus is committed in advocating the further enhancement of CSDP and achieving the goal of European autonomy, Petrides said that “a main pillar of our foreign and defence policy is – of course to the extent possible- to have a keen interest and participation to relevant European initiatives such us PESCO and EDA projects.” 

“To that end and despite the fact that we do not have a defence industry in the strict sense of the term, we have managed over recent years to create a relatively significant R&D footprint, especially in EDA projects and PESCO Projects,” Petrides added.

The Cypriot Minister noted that the main lessons learned, on using EU defence initiatives, is that all various initiatives have created new opportunities that we need to grasp.

Research and Innovation Unit

In our case, he recalled, it has been an enabling process as it led us first, to establish the Research and Innovation Unit at the Cyprus Ministry of Defence, second to create our own national defence R&D scheme titled ATHENA, and third, to create our own national ecosystem of SMEs, start-ups, research centres etc.

Petrides also recalled that the Greek Exhibition, DEFEA 2021 “was a ground-breaking moment for the Ministry of Defence of Cyprus”, as the DEFEA marked the fist-ever participation of Cypriot companies active in EU defence capabilities projects.

“This development would have been unheard of some years ago. It was a watershed moment for us which hopefully will generate a greater interest back home,” he added.

Stating that, this meeting today, signals what can be achieved when there is close public-private sector cooperation and forward looking approach for grasping opportunities that exist in the EU, Petrides said that “we want more Cypriot companies and research centres to take an interest to the area of defence.”

“We want to have more, especially young, researchers seeking to innovate and take advantage of the immense opportunities that now exist through the European Defence Fund,” he added.

Concluding, Petrides said the pandemic has taught us for the need to be vigilant, resilient and invest to innovation.

Source: CNA

MORE ON ECONOMY

Inflation in Cyprus rises to 4.3% in November

Inflation in Cyprus rose to 4.3% in November mainly due to the sharp rise in electricity ...

Cabinet Announces New Measures To Stop Spread Of COVID-19

Six additional measures were announced by the Cabinet on Thursday to curb the spread of ...

Cabinet Approves The Licensing Of Block 5 To ExxonMobil & Qatar Petroleum Consortium

The Council of Ministers approved on Wednesday the licensing of block 5 of the Cyprus EEZ ...

FROM AROUND GOLDNEWS

   

Total New Loans Down By €72.6 Million In October Says Central Bank Of Cyprus

Total new loans granted by Cyprus’ banks decreased by € 72.6 million in October 2021, compared to the previous month, mainly due to the significant reduction ...
   

City Of Dreams Mediterranean Appoints Jose Diaz As Executive Chef

Melco Cyprus announces its forthcoming integrated resort (IR), City of Dreams Mediterranean, has appointed Mr. Jose Diaz as Executive Chef.
   

Pope Francis: In Cyprus There's An Atmosphere Typical Of The Holy Land, Thankful To Meet Believers Who Live In Hope

Pope Francis said on Friday in Cyprus, he feels an atmosphere typical of the Holy Land, where antiquity and the variety of Christian traditions enrich every ...
   

Does This Ever End?

"Does this ever end?" A question asked by many nowadays as a newly detected coronavirus variant in Botswana and South Africa causes panic across the world.
   

ECB's Knot: High Inflation Could Warrant Rate Hike In 2023

If inflation continues to exceed expectations next year, the European Central Bank (ECB) could decide to raise interest rates in 2023, ECB policymaker Klaas ...
   

Inflation in Cyprus rises to 4.3% in November

Inflation in Cyprus rose to 4.3% in November mainly due to the sharp rise in electricity and petroleum products prices.
   

Pope's Visit And Meetings In Cyprus Send Strong Message Of Solidarity, President Says

Pope Francis` visit to Cyprus and the meetings he holds send a strong message of solidarity in our common cause and joint objectives and are a testament of the ...
   

Cypriot FM Invites Egyptian Counterpart To Nicosia

Minister of Foreign Affairs, Nikos Christodoulides, extended an invitation to his Egyptian counterpart Sameh Shoukry to visit Nicosia in the coming period.
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

leptos_limassol_park_en
inb_december_issue

IMH LTD