4th Professional Services and Economy Conference held in Nicosia

The 4th 'Professional Services and Economy' conference was held in Nicosia, organized by FMW Financial Media Way. Participants discussed the impact of artificial intelligence on various sectors, including medicine, law, and education. Economist Marios Clerides warned that AI poses risks to professional expertise, as practitioners might rely on platform data rather than personal experience. Marinos Stavrou of the Human Resource Development Authority noted that 50% of the Cypriot population lacks basic digital skills, highlighting the need for further training. Government officials, including Naya Symeonidou from the Ministry of Finance, emphasized the professional services sector's role in the national GDP and attracting foreign investment. The conference also addressed the necessity of reforms in the judiciary and public administration. Speakers debated how geopolitical tensions influence current economic dynamics. The government described the professional services sector as a strategic pillar for the country's international standing.