Cyprus R&D spending way below EU average

Cyprus allocates €103 per person for research and development, less than half the EU average of €244, according to data on government budget allocations for R&D. In 2021, the total government budget

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Fiscal indicators improve despite COVID spending

Cyprus fiscal indicators improved in 2021, despite the government spending millions on furlough schemes and measures to support businesses to address the fallout from COVID-19 restrictions. The preliminary budget results prepared by