Trados Studio 2024 fails to start, with a message "Access to path 'Studio 2024\Project Templates' refused"

Trados Studio 2024 fails to start, with a message "Access to path 'Studio 2024\Project Templates' refused". I reinstalled Studio and experience the same problem. The Project Templates file is located in Program Files>Trados>Trados Studio>Studio18 and holds all the necessary files. What should be done to make the software work again? I will appreciate any hints. 

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