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Cyprus News Agency: News in English, 12-10-22

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] CING Research Team obtains competitive research grant
  • [02] President attributes the banking crisis to speculation and wrong

    moves


  • [01] CING Research Team obtains competitive research grant

    A major competitive EU research grant worth €11 million has been obtained by the Research Team of Professor Philippos Patsalis of the Cyprus Institute of Neurology & Genetics, and NIPD Genetics.

    According to a statement, the FP7 European research grant is a joint effort to combine the biological science and microsystem engineering to develop a novel machine the size of a printer, which will function as a complete laboratory, a technology known as lab-on-a-chip.

    The machine, which is called ANGELab, will carry out non-invasive prenatal diagnosis of Down Syndrome and other genetic disorders. In this effort, scientists from Spain, Germany, France, England and Cyprus will work together for 4 years

    [02] President attributes the banking crisis to speculation and wrong moves

    President of the Republic has attributed the debt of the Cypriot banks to speculation and wrong moves, making it clear that his government should not be blamed for the world financial crisis.

    Addressing a festival of Cypriot pensioners, in Limassol, President Christofias said the government had taken measures to address budget deficits and structural problems, noting that the majority of the parliamentary parties had rejected government bills providing for more measures of around 180 million euros.

    He reiterated that the deficit of banks constitutes the major problem of the Cypriot economy and attributed the debt of the Cypriot banks to speculative mania and wrong actions


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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