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CING Joins Pan-European PoCCardio Initiative to Revolutionize Heart Attack Prediction

The Cyprus Institute of Neurology and Genetics (CING) has become an integral partner in the European PoCCardio research project, an ambitious initiative designed to enhance the prediction and prevention of myocardial infarctions. This collaboration unites premier research institutions from across the continent in a bid to develop refined, individualised diagnostic tools for cardiovascular disease.

Project Overview And Funding

Titled Personalised Medicine by Using an Advanced Point-Of-Care Tool for Stratified Treatment In High Risk Cardiovascular Patients, the project is set to enroll 1,800 patients with a history of heart attacks in clinical trials. These trials focus on collecting essential medical data and biomarker measurements, thereby advancing diagnostic accuracy and prognostic assessment for heart conditions. The initiative is backed by a robust €14 million budget from the European Union’s Horizon Europe programme, with CING securing €540,000 to support its contribution.

Strategic Partnership And Expertise

CING has joined PoCCardio under the Horizon Europe “Hop-on Facility,” part of the program’s Widening Participation and Spreading Excellence initiative. This move allows research institutions from developing countries to engage in forefront research and innovation. Leading the institute’s contribution, the Department of Bioinformatics, well-versed in computational diagnostics and therapeutics, operates under the expert guidance of Associate Scientist Dr Anastasios Oulas. Dr Oulas emphasized that modern bioinformatics is key to predicting myocardial infarction risks, enabling timely, personalised treatments for patients.

Bridging Technical And Clinical Expertise

Professor Hans Peter Dimai, the project coordinator from the Medical University of Graz, hailed CING’s participation. He highlighted the role of CING’s Department of Bioinformatics as a crucial bridge between clinical experience and technical innovation, particularly through Systems Bioinformatics, which is essential for predicting high-risk patients and refining treatment responses.

Innovative Diagnostic Integration

Within the PoCCardio framework, CING’s team will harness advanced network generation tools to map clinically significant interactions among biomarkers. This process involves creating complex networks from genomic and proteomic data alongside publicly available datasets detailing proteins and gene polymorphisms linked to cardiovascular conditions. The resulting algorithms will bolster the prediction of myocardial infarction risks. Furthermore, the department aims to develop a diagnostic protocol that integrates enriched biomarker measurements with data from a point-of-care device, thus streamlining rapid and cost-effective analysis using state-of-the-art artificial intelligence.

Advancing European Research Excellence

CING’s engagement in PoCCardio not only cements its role as a key player in cutting-edge European research but also reinforces Horizon Europe’s overarching mission to enhance innovation and research excellence across the continent. The collaborative efforts promise to yield significant advancements in cardiovascular patient care and diagnostic services.

Cyprus Foreclosure Reform Debate Intensifies Amid Rising Non-Performing Loans

Political Stakes And Foreclosure Regulation

Cypriot political parties are engaging in a high-stakes debate in parliament as they deliberate changes to the legal framework governing foreclosures ahead of the May parliamentary elections. The proposed shifts are aimed at curbing the rapid escalation in the value of non-performing loans, a trend that has sparked significant public and legislative concern. Confidential data from the Central Bank of Cyprus indicates that the nation has not yet moved away from its longstanding issues related to so-called “red loans.”

Non-Performing Loans: A Mounting Financial Challenge

Recent figures show that the value of distressed loans has continued to rise, surpassing €20 billion following transfers involving banks and credit recovery companies. This level exceeds the approximately €15 billion recorded during the economic crisis period. Central Bank data indicates that after loan sales, credit recovery firms now manage portfolios totaling €19.7 billion, of which €18.5 billion are classified as non-performing. About 87% of these loans are considered terminated, while the firms acquired 141,478 loans for €3.2 billion, roughly 80% below their original value.

Credit Recovery Companies: Overshooting Investment Returns

By June, credit recovery companies had recovered €5.7 billion through a combination of cash repayments, judicial asset auctions and property-for-debt exchanges. Cash repayments accounted for €3.6 billion, judicial recoveries contributed €619 million, and property swaps added €1.5 billion. These recoveries exceeded the original purchase cost of many loan portfolios while overall balances continued to increase due to accrued interest, a development that remains a concern for policymakers.

Bank Portfolios And The Impact On Financial Stability

Data from the State Guarantee Fund for Deposits and Loans shows that 77,561 loans valued at €7.5 billion were transferred, leaving a remaining balance of €5.7 billion by June 2025, of which €5 billion are non-performing. Within the banking sector, non-performing loans totaled €1.45 billion across 24,736 accounts as of last June. Since December 2024, these figures have improved by approximately €86 million due to repayments and asset recoveries. The reduction in problematic loans has lowered bank exposure compared with levels recorded during the 2013 crisis.

Legislative Proposals And Government Considerations

Political leaders argue that adjustments to foreclosure procedures can be introduced without undermining banking stability. Parliament’s Economic Committee is scheduled to begin discussions on March 9, with an estimated 20 to 30 legislative proposals currently pending from multiple parties. While the Ministry of Finance has not announced immediate legislative action, officials are evaluating the potential reintroduction of elements of the Rent-Versus-Rate plan for vulnerable borrowers, subject to fiscal impact assessments.

Advocacy From AKEL And Environmental Groups

Proposals supported by the AKEL party and several civil organizations focus on strengthening legal protections for borrowers. Among the suggested measures is restoring the right to seek judicial relief to delay foreclosures in cases involving disputed charges or alleged abusive contract clauses. AKEL representative Aristos Damianou criticized the pace of foreclosure proceedings and warned of risks to primary residences and small businesses.

Proposals Targeting Guarantors And Foreclosure Processes

The Democratic Rally party has introduced a proposal aimed at limiting guarantor liability during foreclosure procedures. Under the draft measure, if a property is auctioned or repossessed, the guarantor’s responsibility would be capped at the original loan amount adjusted by recovered sums. The proposal also requires that enforcement actions against guarantors be suspended until a court ruling is issued if the borrower formally disputes the debt.

Revisions Proposed By The Democratic Party of Cyprus

The Democratic Party is also preparing new legislative measures to be introduced on Thursday. Party leader Mario Karogian outlined plans to suspend the foreclosures of primary residences valued up to €350,000 until the end of the year, allowing time to address legislative gaps. Additional proposals include broadening the powers of the Financial Ombudsperson to make binding decisions on disputes up to €50,000, enforcing the Central Bank’s code of conduct, and ensuring strict adherence to refinancing guidelines for first residences.

Outlook And Strategic Implications

The range of proposals reflects an ongoing effort to balance financial system stability with stronger consumer protections. Decisions made in the coming months are expected to shape the regulatory environment for foreclosures and influence broader confidence in Cyprus’ financial sector and economic outlook.

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