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1. Spike in transformer thefts plagues Electricity Authority

There has been a surge in incidents involving the theft of equipment and other assets from the electricity distribution network of AHK, with cases of stolen transformers exceeding sixty in recent months....

2. The IKEA-inspired eco car that will be delivered flat-packed

It isn’t likely to be your next home DIY project, but there is a company that’s looking to turn IKEA’s flat-packed furniture design into cars....

3. Scientists uncover ultra-strong lightweight material

Galvorn is stronger than steel, lighter than aluminum, and has the conductivity of copper, according to an article on LinkedIn....

4. Bezos makes waves as he yachts in style across the Greek isles

Last year, Jeff Bezos celebrated his time in the Cycladic Islands; this year, he opted for the Ionian Islands. On Wednesday, he and his group were spotted on the island of Kastos near Lefkada. Arriving on the island via a tender from Bezos' luxurious yacht "Koru," the sight was truly remarkable....

5. Cyprus struggles to reduce landfill waste, falling behind targets

Cyprus is facing significant challenges in meeting its municipal waste management and recycling targets, prompting concerns from the European Commission, according to a report on Philenews....

6. Porsche Cyprus celebrates the Grand Opening of the new corporate architecture concept ''Destination Porsche'', in Limassol

It is the fourth Porsche Centre under the new retail ''Destination Porsche'' concept in the Central and Eastern Europe region and amongst first in the world. ...

7. Construction materials at their highest costs in 2022

Construction material prices historically reached their highest level in 2022, surpassing the previous record set in 2021, with prices increasing by more than 11% year on year in December alone....

8. 20 years in prison for former Cypriot oligarch Oleg Deripaska

Russian oligarch Oleg Deripaska, who received a Cypriot passport in 2018 and had his Cypriot citizenship revoked in April 2022, faces a charge of conspiracy to violate and evade US sanctions with a maximum sentence of 20 years in prison....

9. EU plans to cap gas prices risking cutoff from Russia

The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter....

10. Russia sending money to Turkey for the $20 Billion Akuyo nuclear plant

A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....

11. Top position in luxury car sales for Porsche and A.I. Motokinisi Ltd in Cyprus

Porsche Cyprus in a leading position in terms of sales in the first half of 2022...

12. More ‘Golden Passports’ revoked

The Council of Ministers decided last week to revoke the citizenship of four more Russians, including their family members, who obtained ‘Golden Passports’ under the island’s disgraced Citizenship by Investment scheme that was brought to an abrupt end in November 2020....

13. New Russian asset tracker platform launched by non-profit

A nonprofit reporting network launched on Monday the Russian Asset Tracker, a database to track the assets of prominent Russians who have links to Vladimir Putin....

14. Cyprus produced 543,000 tons of solid waste in 2020

Today, March 18, marks World Recycling Day. It is the day when people around the world raise awareness on the importance of recycling and reuse, which are key to converting waste into resources for a circular economy....

15. Squatters occupy Russian oligarch's London mansion

Squatters have occupied the London mansion suspected of belonging to Russian billionaire Oleg Deripaska, who was placed on Britain's sanctions list last week, unfurling a Ukrainian flag and a banner saying 'This property has been liberated'....

16. UK freezes assets of Roman Abramovich and 6 other oligarchs, banned from travel

Roman Abramovich is among seven oligarchs to be hit with an asset freeze and travel bans under brutal new UK sanctions unveiled today....

17. Germany seizes $600 million superyacht belonging to Russian oligarch Alisher Usmanov

German authorities have seized a $ 600 million superyacht belonging to Russian billionaire Alisher Usmanov at a Hamburg shipyard....

18. Suspect enters witness protection in foukou case

A suspect in a huge drug bust case dubbed 'foukou grills for down under' has entered the witness protection program in Cyprus, prompting police to make another arrest in a cross-border investigation spanning multiple countries...

19. A 'parked' cargo of 5 billion that no one can touch

With the market "drying up" and the anxious searching for raw materials, this aluminum stock is considered worth more than its weight in gold. ...

20. EU and US convene in first Trade and Tech meeting

The United States and the European Union hope to discuss chip shortages, artificial intelligence and tech competition issues during the first Trade and Tech Council meeting this week,...

21. Man gets ten years in ‘unneighbourly’ assault

A criminal court in Nicosia has sentenced a man to 10 years in prison for attacking his neighbour, an elderly woman, at nighttime in a rural village back in March...

22. Builder falls to his death in Limassol

Authorities are investigating an accident in Limassol where a local construction worker fell to his death on Friday...

23. Bloomberg: Russians are downsizing in Cyprus

24. Shots fired at casino inspector’s residence

The home of an inspector at the casino in Limassol was the apparent target of shots fired late night on Tuesday, causing damages but no injuries...

25. EU leaders under pressure to curb migration

European Union leaders meet in Brussels on Thursday to agree new measures to restrict arrivals across the Mediterranean as growing popular discontent over immigration puts pressure on governments from Germany to Italy....

26. China urges US away from 'brink' of trade war

China showed readiness to retaliate by declaring plans to levy additional duties on up to $3 billion of US imports...