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Cyprus Neurology Institute To Lead Healthcare AI Work Under PHAROS-CY

by THEFUTURE.TEAM

The Cyprus Institute of Neurology and Genetics (CING) will lead the healthcare-focused work of PHAROS-CY, Cyprus’ national AI Factory Antenna, supporting the development of responsible AI applications for medicine and biomedical research.

The initiative aims to give researchers, businesses and public organisations access to specialised expertise, quality datasets and high-performance computing infrastructure to turn data-driven ideas into practical solutions.

CING To Drive Healthcare AI Development

CING’s Bioinformatics Department will oversee the project’s health-focused activities, drawing on the institute’s experience in genomics, molecular diagnostics, biomedical research and health data management.

PHAROS-CY will provide access to advanced AI services, secure data environments, technical expertise and computing resources. Its work will span healthcare, sustainability, culture and language, while supporting skills development and collaboration between research organisations and businesses.

The healthcare stream will focus on applications addressing practical research and clinical needs, with an emphasis on scientific reliability, data security and responsible deployment.

Strengthening National And European Cooperation

CING will also coordinate PHAROS-CY’s cooperation and networking activities, building connections with research, healthcare, innovation and technology networks in Cyprus and across Europe.

The project aims to help organisations identify and access relevant services, infrastructure and opportunities, strengthening Cyprus’ capacity to develop and adopt AI technologies.

Data Protection And Responsible AI Governance

Legal compliance, ethical standards and responsible data management are central to the initiative. CING will contribute to measures supporting the protection of personal and sensitive information, transparency and compliance with European regulations.

These safeguards are particularly important in healthcare, where the adoption of AI depends on both the reliability of its outputs and public confidence in how data is handled.

Connection To Europe’s AI Infrastructure

PHAROS-CY is linked to Greece’s Pharos AI Factory and the wider European network of AI Factories and high-performance computing infrastructure. This connection will give participants access to expertise, existing datasets and models, training opportunities and European computing resources.

The Cyprus Institute coordinates the project in partnership with CING and other Cypriot research and innovation organisations.

€6 Million Project To Run Until 2029

PHAROS-CY will run for 36 months, from April 2026 to March 2029, with a total budget of €6 million, according to European Commission project data.

The initiative is funded by the European High Performance Computing Joint Undertaking (EuroHPC JU) and the Republic of Cyprus under grant agreement No. 101263007. The Deputy Ministry of Research, Innovation and Digital Policy is responsible for implementing the national funding scheme.

More information is available on the PHAROS-CY website and the Cyprus Institute of Neurology and Genetics website.

Cyprus Business Electricity Prices Rank Among The EU’s Highest

by THEFUTURE.TEAM

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.

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