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Reforms and Investments

Scheme for the digital upgrade of enterprises

Project

The objective of this reform is to support the integration of digital technology in enterprises established in Cyprus.

The measure, with a budget of €10 million, foresees the digital upgrading of at least 290 enterprises.

The measure aims to promote the digital transformation of the Cypriot economy and digital entrepreneurship, increase the number of SMEs using information and communication technologies—including e-commerce—strengthen the digital identity of businesses, create new opportunities through digital transformation, and encourage the adoption of advanced digital technologies such as artificial intelligence, blockchain, cloud computing, and big data.

The project has been completed and the target has been more than covered.