Cyprus Inflation Eases Slightly To 2.5% In January

by THEFUTURE.TEAM

February 7, 2025

Inflation in Cyprus stood at 2.5% in January, down marginally from 2.6% in December, according to the Cyprus Statistical Service (Cystat). The Consumer Price Index (CPI) dropped by 1.58 points to 116.73, reflecting a slowdown in price growth.

Agricultural Goods saw the most volatility, rising 10% year-on-year but declining 6.1% from December. Food and Non-Alcoholic Beverages increased by 4.8% annually, while Restaurants and Hotels rose by 4.1%. Clothing and Footwear recorded the steepest monthly drop, falling 13%.

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The biggest contributors to annual inflation were Food and Non-Alcoholic Beverages (+1.07) and Transport (+0.56), while Clothing and Footwear (-0.18) exerted downward pressure. Month-on-month, Clothing and Footwear (-1.00) had the most significant deflationary effect.

Catering Services (+0.48), Fresh Vegetables (+0.36), and Meat (+0.24) were key drivers of price increases, while Clothing Items (-0.81) pulled inflation down. Petroleum Products had the largest positive monthly impact (+0.15), while Clothing Items saw the biggest decline (-0.71).

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Cyprus RIF Partners With NetU To Launch Salesforce-Based Grants Platform

by THEFUTURE.TEAM

April 7, 2026

The Research and Innovation Foundation (RIF) partnered with NetU Consultants Ltd to develop a grants management platform based on Salesforce technology. This system is intended to support the administration of research funding processes across Cyprus.

Modernizing The Grants Administration Process

The platform will cover the full lifecycle of grant management, including calls for proposals, application evaluation and payment processing. It will operate as a Software as a Service solution accessible to applicants, evaluators and RIF staff. Designed to centralize processes, the system improves coordination between stakeholders. Access and data handling will follow standardized procedures.

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Enhancing Operational Efficiency Through Automation

Automation of administrative workflows will support reporting through integrated analytics tools, reducing manual processing and improving data availability. Flexible architecture allows updates and additional functions as requirements evolve, supporting the gradual expansion of capabilities.

A Decisive Step Forward

Theodoros Loukaidis, Director General of RIF, said the project forms part of a broader digital transition initiated more than three years ago. Implementation is expected to be completed within nine months. That timeline aligns with preparation for the 2028–2034 programming period, supporting future funding cycles.

Strategic Collaboration And Digital Transformation

Demetris Nisiotis, CEO of NetU Group, said the project uses Salesforce-based tools to support grant administration processes and improve operational coordination. This partnership reflects ongoing efforts to digitize public sector functions related to research and innovation.

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