€100 Million Approved for 2013 Crisis-Affected Depositors: What’s Next?

by News Editor

June 12, 2025

Recently, the Cyprus cabinet gave the green light to a substantial €100 million allocation aimed at addressing the losses suffered by depositors affected by the 2013 financial crisis. This initiative is part of the 2025 national solidarity fund.

Finance Minister Makis Keravnos announced that the beneficiaries for 2025 include individuals whose deposits and securities experienced an infamous ‘haircut’ due to stabilization measures during the crisis, particularly involving the Bank of Cyprus and Laiki Bank.

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Who Benefits?

The reimbursement scheme allows partial compensation for the impacted individuals, with a maximum uninsured amount of €1,000,000 considered per impairment category. Additionally, the total cumulative reimbursement per person caps at €100,000. The initiative is poised to provide relief to approximately 13,000 people.

The net loss replacement will have a 10% rate for deposits lost at Laiki Bank and different rates for the bonds and deposits at the Bank of Cyprus—a 3.61% rate to be precise.

Path to Compensation

Eligible applicants will need to complete an online application process in June to confirm their entitled compensation amounts. The 2013 fiscal turmoil led larger depositors to shoulder the recapitalization of the Bank of Cyprus, with significant portions of uninsured deposits being converted into shares or wiped out entirely.

While the total verified losses for depositors and bondholders stood at €2 billion back then, this new scheme signifies a critical step towards repairing historical financial disruptions in the country.

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Apple Embeds Agentic Coding In Xcode, Pioneering AI-Driven Development

by THEFUTURE.TEAM

February 4, 2026

Introduction

Apple has taken a bold step in transforming the software development landscape with its latest Xcode update. By integrating agentic coding, the company is empowering developers with advanced AI tools that can autonomously generate and test code, streamlining complex workflows. This move underscores Apple’s commitment to innovation and positions the tech giant at the forefront of AI-driven development.

Expanding The Developer Ecosystem

The updated Xcode now supports powerful AI agents, including Anthropic’s Claude Agent and OpenAI’s Codex. With these integrations, the development environment is set to handle multi-step tasks, allowing the AI to build projects, search through Apple’s extensive documentation, and resolve coding issues. In a recent demonstration, an Apple representative highlighted how coding agents and Xcode collaborate to manage complex processes seamlessly.

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Driving A Paradigm Shift In Coding

The update builds on earlier enhancements introduced in the summer, when Apple added support for tools such as OpenAI’s ChatGPT and other AI services. The new agent-based features reflect a broader industry trend sometimes referred to as “vibe coding,” where developers provide prompts and AI systems generate initial code that is later refined by humans. This approach can reduce development time and shift how programmers interact with software tools.

Implications For The Future

While Apple’s consumer AI products have seen mixed reception, the integration of AI into Xcode is drawing attention from iOS developers. The system allows additional compatible AI services to be connected through an open API, reducing dependence on a single provider.

Market Rollout And Industry Impact

Xcode 26.3 is currently available in beta for registered Apple developers and is expected to reach a wider audience through the App Store later this year. The release follows a broader shift in the technology sector toward AI-assisted coding tools, as companies including OpenAI continue to introduce new developer-focused applications.

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