The Recovery and Resilience Plan (RSP) will facilitate the path towards improving productivity and will have a significant impact on the growth rate of the economy, says the Economic Research Centre (ERC) of the University of Cyprus in an analysis of the drivers of economic growth in Cyprus.
It notes that the need for investment in digitisation has not been adequately addressed for a long period of time and this is an obstacle to Cyprus' growth prospects. In the context of the SDS, Cyprus is trying to address these issues by implementing, among other measures, measures that will increase investment in information and communication technologies.
(CNA)
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