Historic Growth In Cypriot Banking Deposits Reflect Economic Resilience

by THEFUTURE.TEAM

August 29, 2025

Robust Gain In Business And Household Deposits

Cypriot businesses have reported a historic surge in deposits, reaching an impressive €12.5 billion in July 2025. This marks a significant increase from €11.7 billion at the close of the previous year, and it notably surpasses the €9.18 billion recorded in December 2019. Concurrently, household deposits have demonstrated considerable resilience, climbing to €29.3 billion from €28.9 billion in December 2024, and up from €23.8 billion in 2019—an impressive 22.9% increase compared to pre-pandemic levels.

Stable Domestic Deposits Amid A Shifting Financial Landscape

The overall domestic deposits, which include both business and household contributions, totaled €49.1 billion in July. While this figure remained stable from June, it reflects an upward progression from €48 billion at the end of 2024. Despite a minor monthly decline of €154.5 million, leading to a slightly reduced total of €56.58 billion in the banking system compared to June’s €56.62 billion, deposits are still 1.2% higher than at the beginning of the year and 16.1% above December 2019 levels.

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Enhanced Financial Resilience And Strategic Shifts

The Central Bank of Cyprus (CBC) highlighted key factors underscoring improved household resilience in 2024. The combination of rising real incomes, declining inflation, and lower lending rates in the second half of the year has eased debt servicing obligations, thereby strengthening balance sheets. The report also notes that corporate deposits experienced an annual growth rate of 11%, buoyed by heightened business activity and improved income streams. A discernible shift from short-term liquidity to time deposits of up to one year further suggests that businesses are seeking both higher returns and a more strategic allocation of resources.

Precautionary Savings And A Broader Eurozone Perspective

The CBC report emphasizes that precautionary savings have become an essential safety net, equipping households and firms to manage potential risks arising from geopolitical uncertainties. This conservative approach to financial management serves as a temporary buffer against adverse domestic outcomes. In a broader context, deposit trends across the eurozone have also shown positive momentum. Data from the European Central Bank (ECB) reveals that household deposits grew at an annual pace of 3.4% in July, while corporate deposits increased by 2.7%, reflecting a continued trend of fiscal stability and cautious optimism among investors.

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Copyright Law Struggles To Keep Up With AI Training

by News Editor

August 24, 2026

Courts Are Still Applying Old Copyright Rules To AI

AI companies train models on enormous amounts of published material, including books, articles and academic research. Whether using that content without authors’ permission violates copyright law remains unresolved.

Much of the debate centres on fair use, which allows copyrighted material to be used without permission in certain circumstances. Courts consider factors such as the purpose of the use, how much material was involved and its impact on the original market.

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Anthropic Case Sets An Important Precedent

A major case involving Anthropic and a group of authors provided one of the clearest rulings so far. Judge William Alsup found that using copyrighted books to train AI models was lawful, comparing the process to people reading and studying literature before creating something new.

Anthropic was nevertheless ordered to pay $1.5 billion in a settlement. The penalty concerned books the company had obtained from illegal online libraries rather than the AI training itself.

For AI companies, that distinction could prove significant because it separates studying copyrighted material from directly copying it.

Competition Could Be The Key Issue

A case involving Thomson Reuters and Ross Intelligence offers a different perspective. A court ruled that Ross could not claim fair use after using Reuters’ copyrighted material to develop a competing AI-powered legal research platform.

The decision suggests courts may be less willing to consider AI training fair use when copyrighted content is used to build a product that directly competes with the original.

For authors, an unresolved question is whether AI-generated content should be considered competition for the works used to train these models.

The Law Has Yet To Catch Up

US copyright law predates generative AI by decades, leaving courts to apply old principles to new technology. Questions also remain over copyright protection for AI-generated works. In Thaler v. Perlmutter, a court ruled that material created entirely by AI cannot receive copyright protection.

Major AI companies remain involved in copyright litigation, and different courts could reach different conclusions. For now, there is no universal rule: the legality of AI training will depend on the circumstances of each case and how courts ultimately interpret copyright and fair use.

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