Cyprus Mail29 Jul 2026

Cyprus clears state aid for €6 million AI initiative

State Aid Control Commissioner Stella Michaelidou has ruled that the grant scheme for financing the operation of the Cyprus AI Factory Antenna Pharos-CY is compatible with European Union state aid rules, clearing the way for the implementation of the artificial intelligence initiative.

The decision was issued on July 17, 2026, following the formal notification of the measure....

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