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University of Cyprus establishes first chair in AI

by THEFUTURE.TEAM

September 26, 2024

The University of Cyprus (UCY) and XM Group signed an agreement on Wednesday to establish the first chair in Artificial Intelligence (AI) at the University’s Department of Computer Science. The agreement was signed at the UCY campus, in Nicosia.

The University notes in a press release that XM Group undertakes the funding of the Chair for 10 consecutive years, to promote research and education and the exploitation of research results in the field of AI. ‘The funding of more than one million euros entails the creation of the Chair and its establishment through the appointment of a Professor,’ the press release adds.

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In his address, Rector, Professor Tasos Christofides, stated that through the XM Chair, the University seeks to leverage the potential of AI, providing the next generation with the necessary skills and knowledge, shaping the new educational and research process both in and beyond the university.

Vice-Rector of Academic Affairs, Professor Eleni-Tatiana Synodinou, presented the objectives, the actions and the prospects through the establishment of the XM Chair. She also pointed out that the Chair’s activities are expected to add significant value to both partners and generate joint investments for the future of the country and the new generation.

On his part, Chairman of the Council of the University of Cyprus, Tasos Anastasiou in his address indicated that the fact that XM chose the University of Cyprus to establish a Chair in the field of Artificial Intelligence ‘’is a significant vote of confidence’’, adding that ‘’it fills us with pride and creates the right conditions to showcase our potential in cutting-edge technologies.’’

Vice-President and Associate Professor of the Department of Computer Science of the University of Cyprus, Vasos Vasiliou, pointed out that the chair of Artificial Intelligence is the first chair of its kind in the Department, adding that this “is a milestone which marks the further development in our own course.”

Professor of the University’s Department of Computer Science, Elpida Keravnou-Papailiou, pointed out that the signing of the agreement is an excellent development. She went on to say that the Department is looking forward to expanding its cooperation with XM Group, noting that “there are many issues on which we can cooperate.”

Spokesperson of the Ministry of Foreign Affairs, Theodoros Gotsis, expressed the wish of the Ministry of Foreign Affairs to be in contact with the newly established chair of AI so that the Ministry can respond to its tasks with more expertise.

Dr Stavri Morti, co-CEO of the XM Group, noted that “the establishment of the XM Chair in Artificial Intelligence aligns perfectly with our vision of leveraging cutting-edge technology to drive progress and create value.’’ She also expressed her belief that ‘’the research and educational activities stemming from this Chair will not only enrich the academic community but also have a far-reaching impact on society and the economy.’’

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Industry Uproar Over Reduction in Electric Vehicle Subsidies

by News Editor

April 26, 2025

The recent move by the government to curtail subsidies for electric vehicles has stirred significant discontent among car importers in Cyprus. The Department of Road Transport (DRT) has slashed available grants under the Electric Vehicle Promotion Scheme as of April 23, leading to a rapid depletion of the subsidy pool and leaving many potential applicants disappointed.

Importers’ Concerns

According to the Cyprus Motor Vehicle Importers Association (CMVIA), the lack of transparency and failure to engage stakeholders prior to the decision have eroded trust in the government’s commitments. Importers now find themselves facing a precarious situation, with substantial stocks of electric vehicles and mounting promotional expenditures.

Public Interest and EU Compliance

Although the scheme aimed to support the transition to zero-emission transport until 2025, the DRT states that the curtailing of funds was necessary to comply with European funding terms, which warned against delays in vehicle deliveries. This decision has fueled market uncertainty despite the application portal experiencing dynamic changes.

Industry’s Ongoing Demand

The CMVIA refutes any claims suggesting waning interest in electric vehicles, underscoring the rapid exhaustion of available grants as proof of substantial demand. They highlight the importance of meeting Cyprus’s green transition targets, including putting 80,000 electric vehicles on roads by 2030.

While the total budget for subsidies saw an increase to €36.5 million in 2023, thanks to additional funding, ongoing difficulties in timely vehicle distribution have led to premature closures of applications. In response, CMVIA has called for urgent dialogue with the Minister of Transport to reassess the decision, fearing that it could endanger the future of e-mobility in Cyprus.