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301. Turkish Cypriot entrepreneur purchases hotels in closed Famagusta

Yeni Bakis reported today that a Turkish Cypriot entrepreneur claims to have purchased three hotels and two floors of apartment buildings from their Greek Cypriot proprietors in the closed Famagusta. ...

302. Folli Follie trial set for June after lawyers' abstention ends

The trial of Greek jewelry maker Folli Follie is expected to finally take place in June after being deadlocked for some time. This was due to lawyers abstaining from their duties in trials concerning criminal organizations due to legal disagreements concerning a legislative provision stating that any sentences imposed would be served. ...

303. 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....

304. Numerous foreclosure sales expected in 2023 and 2024

The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....

305. Washington okays baby deal for Turkish F16

US President Joe Biden's administration is set to move ahead with the sale of a modernization package for Turkey's existing F-16 aircraft, after leaders of US congressional committees gave informal approval, but Turkey's request to buy billions of dollars worth of F-16s remains in limbo...

306. 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....

307. CySEC fines CIF one million euros for regulatory violations

The Cyprus Securities and Exchange Commission (CySEC) announced its decision to impose a fine of one million euros on the Cyprus Investment Firm (CIF) Itrade Global Ltd....

308. 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....

309. Greek banks freeze mortgage installments for 12 Months

Eurobank, Piraeus and Alpha Bank have announced that they will be keeping mortgage installments at their current levels for 12 months. As pledged by the first two banks, the baseline rates of serviced mortgage loans will remain at the levels they were on March 31, 2023, minus 20 basis points, for 12 months, starting in May. National Bank is expected to follow suit....

310. North unhappy after US sub anchors in Limassol

Ankara and the Turkish Cypriot leadership repeated warnings over the weekend about Washington 'disrupting the balance' on the divided island, with their latest criticism targeting a deployed US attack submarine that anchored in Limassol...

311. PwC Cyprus Easter charity bazaar marked as an absolute success

The participation of PwC Cyprus people in the organization's annual charity Easter Bazaar, which took place at the headquarters in Nicosia on Thursday, April 6, 2023, was unprecedented. PwC people participated with their creations, handicrafts, and various delicacies, which were made available to their colleagues, to collect money and allocate it for charitable purposes. Noteworthy, the proceeds from the sales will be allocated to various charities chosen by the employees themselves....

312. French furious over retirement age increase of 2 years

Hundreds of thousands of people are expected to fill the streets of France Thursday for the 11th day of nationwide resistance to a government proposal to raise the retirement age from 62 to 64. The furious public reaction to the plan has cornered and weakened French President Emmanuel Macron....

313. Nicosia Cybersecurity Conference Live: Empowering Education and Prevention

On Thursday 6th April 2023 at 11.00 a.m., a workshop entitled "Cybersecurity Systems and Development of Modern IT Applications" will take place at the Hilton Hotel in Nicosia....

314. KEAN shares sold: New owners to bring fresh ideas and investments

In a recent development, the shareholders of KEAN have decided to sell their shares to bbf, a company operating in the field of development projects. ...

315. 'Mansion tax' introduced to help homeless Californians

Some of the biggest names in Hollywood are rushing to sell their multi-million-dollar houses in Los Angeles before a new “mansion tax” kicks in on April 1....

316. Tax evaders beware of what you post on social media

According to a report in the Sunday edition of realnews.gr, the Greek Government plans to identify hidden income earned by individuals and companies that conduct business online. ...

317. 'Structural Integrity Certificates' should be made mandatory

The recent earthquakes in neighboring countries, as well as the aftershocks, felt in Cyprus, have brought to the forefront what we have been saying for years: the need to check the suitability of all our buildings on a regular basis....

318. MEP's pass bill banning home sales or rentals without energy upgrade

All properties available for sale or rent must incur compulsory energy upgrade costs, costing tens of thousands of euros, from 2030 onward, based on what is stated in the relevant European Union directive....

319. Real estate trends in 2023

Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....

320. Russians top list of property buyers in the first months of 2023

Russian nationals were by far the largest group of foreign real estate buyers in Cyprus during the first two months of 2023, according to data by the Department of Lands and Surveys,...

321. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

322. Foreclosure sales to restart after Parliamentary vote

The House of Representatives voted 22 to 18 against a proposal for a new three-month suspension of foreclosure sales, which had been tabled in the form of an emergency bill....

323. The who's who of the Christodoulides government

On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....

324. Ayia Napa Marina: Delivery of luxury homes begins with Beach Villa 6

Ayia Napa Marina, the iconic award-winning mixed-use development, has officially begun delivery of its luxury villas, with Beach Villa 6 already handed over to its owner. ...

325. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

326. Sales to foreign buyers hit 16 year high

During January 2023 foreign buyers deposited 594 contracts of sale at Land Registry offices across the island. Moreover, these accounted for 54% of all sales; the first time since 2007 that the number of foreign sales has exceeded domestic sales....

327. Yachts & Co is the new dealer in Cyprus for Feretti Yachts, Riva, Pershing and Itama

328. 'Greek fan' Menendez boasts F35 okay for Athens

US Senator Bob Menendez, who has been blocking fighter jets for Turkey over the years, told an audience in Washington this week that he was 'a fan of the Greek people' and further had no qualms about okaying the F35 stealth for Athens...

329. Less Painful, More Accurate Mammograms?! What Took So Long?

Welcome to Wells $treet! If you know anything about me, you know I like an offbeat business story. So when I scheduled my annual mammogram this year, I thought, “Isn’t there a better, more comfortable way to do this? Can’t someone disrupt this industry? Doesn’t anyone care?”...

330. Washington stops short of tongue-lashing Nicosia

Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island...