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Bank Of Cyprus Launches Strategic Liquidity Measures For Livestock Farmers

Support Package Overview

The Bank of Cyprus has announced a comprehensive support initiative designed to assist livestock farmers and other affected businesses amidst the challenges posed by the foot and mouth disease outbreak. The bank reiterated its commitment to standing by customers during emergency times while maintaining its role as a cornerstone of stability within the Cypriot economy.

Loan Payment Suspension And Relief

An integral element of the package is the suspension of loan instalments, covering both principal and interest obligations. Eligible borrowers enrolled in state-supported schemes can benefit from a payment moratorium of up to 12 months. This measure is strictly applicable to performing loans, ensuring that sound credit exposures receive the necessary relief to manage immediate financial pressures.

Targeted Liquidity Support For Rapid Recovery

In parallel with the loan freeze, the bank is introducing tailored liquidity solutions aimed at meeting critical operational needs and expediting the recovery process for impacted enterprises. These facilities are crafted to minimize operational disruptions and help businesses resume their activities while mitigating short-term financial stresses.

Customer Support And Assistance

To streamline access to these emergency measures, the Bank of Cyprus has activated a dedicated support line. Customers can reach the specialised team by phone at 25-156000 from Monday to Friday, between 07:30 and 18:00. Additional support is available via email for further clarification or assistance.

By deploying these measures, the Bank of Cyprus underscores its commitment to supporting both individual and business clients, paving the way for a robust economic recovery in the face of unforeseen challenges.

Meta’s Muse Is Outpacing ChatGPT In Early Mobile Adoption, New Data Suggests

Meta’s new AI app, Muse, may be emerging as one of the company’s strongest consumer launches to date. Fresh estimates from market intelligence firm Apptopia suggest the app has outperformed ChatGPT in early mobile traction, at least in the U.S. and Canada.

According to Apptopia, Muse recorded more downloads in its first 12 days on the market than ChatGPT did during the comparable period after its mobile debut. The comparison, limited to the U.S. and Canada, puts Muse’s iOS downloads at 1.8 million versus 1.3 million for ChatGPT over the same initial window.

A Strong Early Start Across Platforms

In total, Muse has reached 2.8 million global installs in its first 12 days, according to the firm. The app’s momentum also appears to be holding. After debuting at No. 2 on the U.S. App Store, Muse has since climbed to No. 1, surpassing ChatGPT, according to reporting from Business Insider. Appfigures had previously estimated that Muse crossed 1 million downloads shortly after launch.

That early rise matters because app-store performance in the first days after launch often signals whether a product can sustain consumer attention beyond initial curiosity. In Meta’s case, the data suggests Muse is not simply benefiting from novelty; it is gaining ground quickly enough to challenge the category leader.

Daily Users Show Similar Momentum

Apptopia’s estimates point to another favorable comparison for Meta: daily usage. In the U.S. alone, Muse is said to have 642,000 daily active users, well above the 231,000 ChatGPT had at the same stage of its mobile rollout.

To make the comparison fairer, Apptopia also narrowed the analysis to iOS only, since ChatGPT launched on iPhone before expanding more broadly. Even under that tighter lens, Muse still comes out ahead, with 359,000 daily active users on iOS compared with ChatGPT’s earlier figure.

Why Meta Has An Advantage

Third-party estimates are not the same as internal company data, and Apptopia cannot see Meta’s proprietary numbers. Still, even directional data suggests Muse may be on track to become a meaningful consumer product for Meta.

That possibility is strengthened by Meta’s distribution advantage. The company has already demonstrated how powerful its ecosystem can be with Threads, which surpassed 500 million users after heavy promotion across Instagram and Facebook. Muse is likely to receive a similar boost, especially because it can connect across Facebook, Instagram, and WhatsApp.

Apptopia does not track Meta’s internal promotion strategy, but its data indicates that more than 95% of Muse users are also Facebook users, while 63% are Instagram users. That overlap underscores how effectively Meta can move users across its products when it chooses to prioritize a launch.

The Strategic Test For Meta

For Meta, the early signal from Muse is less about one app’s download count than about whether the company can turn its scale into durable AI adoption. The first test is attention. The harder one is retention.

If Muse can convert early downloads into habitual use, Meta may have found a new front door into its AI ambitions. If not, the app risks becoming another example of how easily mobile hype can spike before settling back down.

Meta, which was asked for comment, has not yet released public figures on Muse’s early adoption.

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