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Cyprus scores poorly in competitiveness digital technology

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first_imgCyprus ranked 37th among 63 economies in the 2017 world competitiveness rankings compiled by IMD World Competitive Centre, a Swiss business management school.Cyprus, included in the survey for the first time, scored 73,765 points and was ranked just below Saudi Arabia which scored 74,333, Chile with 74,482, and Spain with 74,838, the IMD World Competitiveness Ranking report said. The island beat Poland, which scored 73,721, Portugal with 72,169, and Latvia with 71,846.Hong Kong topped the list with 100 points, followed by Switzerland, Singapore, and the USA, IMD said. Venezuela, the Latin American oil producer mired in economic and political chaos, was at the bottom with 23,463, below Peru, Mongolia, and Ukraine.In terms of digital competitiveness, Cyprus scored even worse, ranking 53rd among 63 other economies with 53,503 points — just below Turkey with 53,867, India with 54,367, and Greece with 54,424, IMD said.Cyprus ranked above Romania with 52,529, Brazil with 52,290, and Jordan with 21,010.The best digital performer was Singapore, followed by Sweden, the US, and Finland, while Venezuela, Peru, Mongolia, and Ukraine were again at the bottom, IMD said.Cyprus’s low digital ranking stemmed from its “very low evaluation of aspects of the technological environment and its readiness to accept future technological developments,” the University of Cyprus’s Economic Research Centre (ERC) commented on the findings in an emailed statement. “In terms of knowledge, Cyprus is ranked 46th, as it shows deficits in the area of student flow from abroad and workers’ training. On the other hand, Cyprus performs well with respect to completing higher education in general and among women”.In terms of technology, Cyprus is ranked 54th as it scored poorly in enforcing contracts and the number of broadband subscribers, the ERC said adding that Cyprus also scored badly in the use of big data and analytics.You May LikePopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoModernizeIf Your Home Has Old Roofing, Read ThisModernizeUndo Pensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’UndoThree arrested in connection with hotel theftsUndoby Taboolaby Taboolalast_img


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