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541. Cyprus faces economic losses due to rejected renewable energy production

The issue of storing electricity from renewable energy sources has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday in Cyprus....

542. US Congress members sold bank shares amidst banking crisis fears

On March 10, as fears were swirling over the health of the nation’s banks, an investment account belonging to the children of Rep. Jared Moskowitz, D-Fla., sold shares of Seacoast Banking Corp. worth $65,000 to $150,000....

543. Greece hires law firm to block Turkey's 'Turkaegean' trademark

Greece is attempting to prevent Turkey from trademarking its "Turkaegean" campaign used for tourism in the United States and the European Union. ...

544. Easter Table: Lamb and Flaounes more expensive

The price of lamb has skyrocketed to an average of 11.5-12 euros per kilo this year, while last year it was 8-8.5 euros per kilo on average. At the same time, the price of another Easter product, flaounes, is also high, specifically 18 euros per kilo on average, while last year it was 14 euros....

545. Bill for 'e-Kalathi' product price comparison app submitted for Cabinet approval

The bill for the implementation of a digital tool that enables daily information on retail prices and product comparisons is ready for submission to the Cabinet....

546. Higher prices for Easter meat: Lamb sees a 25% increase, beef up by 15%

A year ago, reports described Easter dinner as the most expensive in four years. This year's prices are expected to surpass that record, according to the first data from the Easter Price Watch gathered by K and soon to be published by the Consumer Protection Agency....

547. Rome reportedly okays Lukoil sale to Cypriot firm

Italy gave conditional approval on Tuesday to the sale of the Lukoil-owned refinery in Sicily to Cypriot private equity firm GOI Energy, people familiar with the matter told Reuters...

548. Are you ready for ChatGPT to take over your job?

Since its release in November of last year, OpenAI's ChatGPT has been used to write cover letters, create a children's book, and even help students cheat on their essays....

549. Cypriot fund facing mighty resistance in Lukoil deal

Efforts to dispel US concerns over suspected Russian influence in a Cypriot fund buying a Lukoil plant in Sicily may be gaining traction with Italian officials, with reports suggesting American resistance may be losing ground after a crucial meeting last week...

550. Macron's mission in China: Convincing Xi on Ukraine

551. Delays unclear over Cypriot-fueled Lukoil deal

An executive power committee in Italy has missed an initial deadline for approving the sale of a Russian refinery plant to an Israeli-backed Cypriot fund, with reports in the media getting blurred between fears over Russian influence and high-stakes geopolitical interests across the pond...

552. Greek minister on rare visit to Turkey as tensions ease

NATO members Turkey and Greece can resolve their disputes through peaceful means and dialogue, Turkey’s defense minister said after talks with his Greek counterpart Tuesday, in the latest sign of easing tensions between the rival neighbors...

553. Cypriot president visits Cairo

The Cyprus issue, ways to deepen bilateral relations in the fields of trade, economy and tourism, as well as Energy, will be the focus of a meeting on Wednesday in Cairo between President of the Republic, Nikos Christodoulides, and the President of Egypt, Abdel Fattah al-Sisi...

554. Minister of Labor to submit CoLA mediation proposal

Minister of Labour and Social Insurance Yiannis Panayiotou said on Friday he would submit a mediation proposal to the social partners (trade unions and employers) to reach an agreement on the issue of the Cost of Living Allowance (CoLA)....

555. Greeks get chills over American feta cheese

Greek authorities and local dairy industries are up against yet another case of feta imitation and the unlicensed use of the name of Greece’s most popular cheese...

556. BP and ADNOC's bold bid for the Leviathan field

Last Tuesday, British multinational oil giant BP and Emirati Abu Dhabi National Oil (Adnoc, the UAE's state oil company) announced a joint bid to buy 50% of Israel's NewMed Energy in a $2 billion deal. ...

557. Greek defense minister to visit Turkey as tension wanes

Greece’s defense minister announced Thursday that he will travel to neighboring Turkey next week as part of an effort to ease tension between the two NATO members, which have long-standing and often volatile disputes...

558. Ethics group says Chat GPT 4 a risk to privacy and public safety

The tech ethics group Center for Artificial Intelligence and Digital Policy is asking the U.S. Federal Trade Commission to stop OpenAI from issuing new commercial releases of GPT-4, ...

559. Join the U.S. Pavilion at DEFEA 2023: Explore the latest defense systems from top American companies

The Commercial Section of the American Embassy in Nicosia is organizing a delegation to visit the U.S. pavilion at the Defense Exhibition (DEFEA) at the Metropolitan Expo Center in Athens, Greece, on May 9 to 11, 2023....

560. Europe's largest economy paralyzed over strikes

Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions at the start of the working week during one of the largest walkouts in decades as Europe's biggest economy reels from inflation....

561. March Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

562. Sense of calm prevails in the Aegean

The improvement of relations between Greece and Turkey and the sharp decrease in tensions is not only at the diplomatic level but also, and almost in tandem, with the operational situation on the ground...

563. Travel between US and Europe increased by 87% in February 2023

The recent data released from the International Trade Administration (ITA) has revealed that international air travel to and from the United States and Europe saw an increase of 87.1 percent in February 2023,...

564. Saturday's blackout caused by increase in renewable energy usage

Sotos Savva, president of the Association of Scientific Power Generation AHK (SEPAIK), linked problems caused by the increased use of renewable energy sources, particularly the majority of photovoltaic panels, to Saturday's 15-minute power outage across Cyprus....

565. Cyprus scraps online visa appointments after scandal

Immigration authorities in the Republic of Cyprus scrapped an online appointment platform on Monday after allegations were made public about agents selling available slots to foreigners for profit and causing months of waiting for those who did not shell out the cash...

566. Italy weighs in as Cypriot fund goes after Lukoil plant

An Israeli-backed Cypriot fund’s deal to buy a Lukoil-owned refinery in Italy is hanging in the balance ahead of a Cabinet meeting in Rome possibly this week, when veto powers would be weighed against energy hub aspirations that could replace Russian gas and put the final nail in the coffin of a proposed EastMed pipeline...

567. Macron under pressure as pension protests turn violent

French President Emmanuel Macron on Friday faced the gravest challenge to his authority since the so-called Yellow Vest protests after his decision to push through a contested pension overhaul without a vote prompted violent unrest overnight....

568. EU Parliament votes to reduce member states’ emissions by 40%

Today, the European Parliament adopted the revision of the Effort Sharing Regulation with 486 votes in favor, 132 against, and 10 abstentions. ...

569. Trade deficit increased by 163.5% in January 2023

A large increase was recorded in the trade deficit in January 2023 according to preliminary data published on Monday by the Statistical Service, since the increase in imports was more than three times the increase in exports....

570. Banks around the world feel force of SVB fallout

U.S. President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the collapses of Silicon Valley Bank and Signature Bank forced regulators to step in with emergency measures....