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Placy: Cyprus-Born AI Assistant Transforming Real Estate

In a significant development for the real estate industry, Placy, a Cyprus-born AI assistant, has been launched to revolutionise the sector. Conceived by industry veterans Sergey Osipov, Mike Vasiliev, and Alex Alexeev, Placy aims to simplify and enhance the real estate market with advanced AI capabilities. This innovative tool provides personalised, insightful guidance to real estate professionals, streamlining operations and improving efficiency.

The Genesis and Vision

Placy was developed with a deep understanding of the challenges faced by the real estate market. The creators envisioned an AI-powered solution that transcends traditional property portals, providing real-time, actionable insights. According to Vasiliev, “The time for property portals is over. The next decade is all about AI co-pilots.”

Functionality and Impact

Placy leverages AI to analyse property listings, state registries, and social media, delivering comprehensive information in multiple languages. This capability allows real estate agents to automate up to 50% of their tasks at a fraction of the cost. As Sotiris Komodromos, Placy’s Chief Commercial Officer, explains, “The objective is to automate 50% of the real estate agent’s tasks at 25% of the cost, safeguarding the profession while creating the instruments for the realtor of the future.”

Placy Pro, an advanced version of the assistant, supports agents by reducing their working hours through ongoing automation. This tool is designed to handle various aspects of real estate transactions, from understanding local regulations to identifying ideal properties for clients, making it an indispensable asset for modern real estate professionals.

Strategic Advantages and Future Prospects

Launching from Cyprus offers unique advantages, including an open market, an enthusiastic community, and high commission rates. Osipov’s extensive local market knowledge, gained over nine years in Cyprus, further enhances Placy’s potential for rapid adoption and success.

Placy’s introduction heralds a new era in real estate, where technology and human expertise converge to create a seamless, efficient experience for all stakeholders. As the industry evolves, AI assistants like Placy are poised to become integral to real estate operations, driving innovation and efficiency.

In summary, Placy represents a significant leap forward for the real estate industry, embodying the future of AI-driven solutions. Its creators are poised to lead this transformation, making Placy an essential tool for real estate professionals in Cyprus and beyond.

EU Mercosur Agreement Sparks Political Battle Over Cyprus Agriculture

A political battleground emerged in the Parliamentary Agriculture Committee’s latest session, as fierce debates broke out over the controversial trade deal between the European Union and Latin American nations under the Mercosur framework. Lawmakers voiced deep concerns regarding food safety and the prospects for local agriculture, particularly following the high-profile absence of the Minister of Trade.

Minister Absence And Parliamentary Integrity

Committee Chair Giannakis Gabriel expressed strong disapproval over the Minister’s no-show, noting that the extraordinary session was scheduled at midday at the Minister’s own request. “His absence undermines the authority of the parliament,” Mr. Gabriel declared. Given that the Minister is not abroad, it was expected that he would be present to clarify why Cyprus supported an agreement widely criticized as disadvantaging the agricultural sector.

Trade Deal Under Scrutiny

In his address, A.C.E.L General Secretary Stefanos Stefanos described the pact as a “dangerous agreement” imposed under the pressure of multinational conglomerates. He especially critiqued the contrasting sanitary standards whereby, while the EU bans our farmers from using certain pesticides and antibiotics, the Mercosur deal appears to allow imports produced with these very substances. His remarks underscored the possibility of double standards in safety measures and the potential long-term impacts on Cypriot agriculture.

Economic And Safety Concerns

Legislators questioned the basis of government studies that justified backing the agreement, even as Cyprus’ agricultural sustainability is increasingly threatened by water scarcity and soaring production costs. Representatives from various political factions pointed to insufficient controls over import volumes and tariff structures. For example, Christos Orphanidis (DIKO) demanded precise data on imports from Latin America, citing honey as a case in point, and pressed for clear explanations regarding the tariff regime.

Legal And Health Implications

Questions about legal authority were raised by Elias Myriantounos (EDEK), who inquired whether parliament can reject or amend the agreement should economic studies forecast negative outcomes. Environmental advocates, like Haralambos Theopemptou of the Movement of Ecologists, emphasized the need to safeguard traditional products such as halloumi, highlighting concerns over how rigorous food safety controls will be maintained. Meanwhile, Linos Papagiannis (ELAM) cautioned against unfair competition, drawing parallels with challenges posed by lower-standard goods from occupied territories.

Protecting Local Interests

The overarching message from lawmakers was clear: the future of Cyprus’ farming community and the well-being of its citizens should not be sacrificed at the altar of commercial trade. Agricultural organizations have voiced alarm over the importation of goods potentially contaminated with banned substances, the risk of market distortion by low-quality products, and the lack of localized impact studies. They argue that the agreement is biased in favor of select corporate interests, ultimately undermining consumer safety and the livelihood of European farmers.

As this debate continues to unfold, the outcome of these deliberations will be pivotal in determining not only trade policy but also the long-term economic and food security landscape of Cyprus.

Parliamentary Committee Session
Economic Impact Discussion

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