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