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AI For Public Sector Innovation: A New Funding Initiative By RIF

by News Editor

May 2, 2025

The Research and Innovation Foundation (RIF) has recently announced a public consultation for its groundbreaking initiative, “AI in Gov’t.” This ambitious program is designed to foster innovative artificial intelligence (AI) solutions specifically addressing the unique challenges faced by public sector entities.

This consultation seeks insights and feedback from various stakeholders to refine and shape the program’s objectives and methodologies. Interested parties can access detailed information about the proposed funding scheme and are encouraged to submit their feedback and suggestions by the submission deadline on May 14, 2025, at 13:00.

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The responses will remain confidential and serve as a valuable resource in creating a program that meets the dynamic needs of both the public sector and the market. Stay updated on related technological insights with articles like The Transformative Potential Of AI: Could It Shape The Global Economy By 2035?.

Learn more about the intersection of AI and government initiatives—this could be a pivotal moment for the tech landscape in Cyprus and beyond.

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Cyprus Government Moves to Cut Electricity Prices

by THEFUTURE.TEAM

May 13, 2025

According to the government spokesman Konstantinos Letymbiotis, the Electricity Authority of Cyprus (EAC) and the energy regulator are set to meet this week to discuss a formula to lower the price of electricity.

This development comes from President Nikos Christodoulides’ remarks over the weekend, where he urged the EAC not to increase electricity rates. Christodoulides confirmed that he had a meeting with the EAC, asking them not to impose any increases at this juncture.

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The government spokesman emphasized that the current administration is committed to bringing down the price of electricity in any way possible. Letymbiotis noted that the state-run power utility and the regulator would make their own assessments based on the wider direction of the government regarding reductions in the coming time period.

It is worth noting that Cypriots pay the second-highest rates for electricity in Europe when adjusted for spending power, according to Eurostat data released last week. Only consumers in the Czech Republic paid more for their household energy bills than those in Cyprus.