Technology category powered by

Deputy Minister speaks about vital importance of Space at EU Council

Cyprus' Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou has stressed the vital importance of Space for the long-term economic prosperity, strategic autonomy, security and global influence of Europe.

The Deputy Minister took part in the Competitiveness Council (Space, research and innovation) meeting that was held in Brussels. Ministers held a policy debate on the EU space law, which the Commission is expected to propose soon. 

In his intervention on 23 May, Damianou noted, according to an official press release, that the new law must provide stability to business endeavors, ensuring legal security and predictability. He referred to the Cyprus National Space Legislation, which was approved last October and covers the approval, oversight and registration of national space activities.

Furthermore, a joint meeting was held with the European Space Agency during which Damianou pointed out the vital importance of Space for Europe's long-term economic prosperity, strategic autonomy, security and global influence.

Strengthening the competitiveness of the European space sector means increasing investment in innovative and commercially oriented space businesses, he added.

He also underlined the importance of developing quantum technology and artificial intelligence, as well as the dynamics that can be developed from their integration into space technologies and services.

(Source: CNA)

Read More

CITEA: 92% of businesses plan to invest in digital transformation within the next year
TechIsland welcomes PwC Cyprus as a Corporate Donor
"We are counting on you," Antonio Costa tells President Christodoulides
The affordable housing incentives aimed at land development entrepreneurs
Winds of Change is a finalist for prestigious 11th Hour Racing Sustainability Award at the 2024 World Sailing Awards
EIB Investment Survey 2024: More than 70% of European companies have invested in their digital transformation
HSBC splits bank between East and West in major overhaul
James People: New Trends in Private Markets at Global Yield 2025
President announces projects for Troodos mountainous area worth over €30 million
First Strategic Dialogue between Cyprus-US to take place