CHAK Privatization Advances Under Revised Cyprus Investment Rules

by THEFUTURE.TEAM

February 23, 2026

Overview Of New Legislation

The Cyprus Parliament unanimously approved legislation that opens the way for the privatization of CHAK. Under the new framework, investor selection will no longer rely solely on the highest financial offer. Evaluation criteria now include qualitative factors, such as the investor’s business plan and its potential contribution to developing the stock market.

Emphasizing Strategic Investment Over Price

Christiana Erotokritou, President of the Parliamentary Economic Committee and member of DIKO, said the reform is important for both Cyprus’ economy and the future of CHAK. She noted that the exchange has not reached its full potential and stressed that the goal is to attract a strategic investor from a regulated market rather than simply sell a state asset. She also welcomed the Ministry of Finance’s decision to incorporate proposals submitted by DIKO during the legislative process.

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Ensuring Sustainable Market Growth

Haris Georgiadis, a DISY parliamentarian, added that the inclusion of qualitative parameters in the evaluation process is designed to secure the sustainable and positive growth of CHAK. This strategic outlook reflects a broader commitment to strengthening the competitiveness and credibility of Cyprus’ financial sector.

Institutional Reforms And Employee Protections

According to the Ministry of Finance, the legislation forms part of a broader capital market modernization plan. The law provides a framework for the gradual transfer of responsibilities related to the Central Securities Depository and the Central Register of Securities to a strategic investor, while maintaining operational continuity and safeguarding public interest.

Protection Of Employee Rights

Another critical aspect of the legislation is its provision for defending the labor rights of CHAK’s workforce. The bill ensures a smooth transfer of employees to the Ministry of Finance, or alternatively, facilitates compensation based on a defined early voluntary retirement plan, which further underscores the commitment to social responsibility during this transition.

Looking Ahead

The Ministry of Finance has expressed its gratitude towards Parliament members and, in particular, the Parliamentary Committee on Economic and Budgetary Affairs, for their collaboration in finalizing this important reform. The commitment to effectively implement the law underscores the government’s dedication to fostering an environment that supports long-term economic growth and stability in Cyprus.

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

by THEFUTURE.TEAM

September 22, 2026

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.

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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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