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241. Four Cypriot companies exposed to SVB and Signature Bank fallout

Four companies licensed by the Cyprus Securities and Exchange Commission (CySEC) had deposited at Silicon Valley Bank and Signature Bank, the two US banks that failed, causing turmoil in the global economy....

242. HSBC buys failed Silicon Valley Bank in bid to stem fallout

Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....

243. 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....

244. Complaints against lawyers increased in 2022

There has been an increase in the number of complaints filed against lawyers, which have been reviewed by the Cyprus Bar Association's Disciplinary Council. ...

245. EU warns Hungary about moving its embassy to Jerusalem

Only a few days after Israeli media reported that the ministers of foreign affairs of Israel and Hungary had reached an agreement to move the Hungarian embassy in Israel from Tel Aviv to Jerusalem, the European Union authorities slammed such a plan....

246. President cancels order for state vehicles

The government has withdrawn the request pending before the parliamentary finance committee for the purchase of vehicles for state officials, the parliamentary finance committee said....

247. China proposes ceasefire in bid to save credibility

The West reacted with skepticism to China's proposal on Friday - the first anniversary of Russia's invasion of Ukraine - for a ceasefire, with NATO saying Beijing did not have much credibility as a mediator....

248. Cypriot president marks dark anniversary in Ukraine war

The Republic of Cyprus has condemned once again unequivocally the Russian invasion of Ukraine, and has called for the withdrawal of Russian troops from the country, on the occasion of the first anniversary of the beginning of the invasion...

249. Cyprus joins UN members calling on Russia to pull out

Cyprus joined a majority of UN nations that called for Russia’s immediate withdrawal from Ukraine, with Nicosia saying it had no other option due to its European orientation...

250. Thinking of investing in real estate? Don’t do it.

A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....

251. Secrets of the A380: What passengers never see

252. Cyprus at the crossroads

South African citizens/voters had two choices in deciding their country's future in 1990. The first option was to maintain the status quo, which would have resulted in a major civil war that would have destroyed the country and resulted in many deaths....

253. The first presidential election in Cyprus held in 1959

On December 13, 1959, the young Republic of Cyprus held its first presidential elections. Glafkos Clerides, who opposed his father John's candidacy and was accused of failing to follow the Christian commandment to "honor thy father and thy mother,"...

254. Wronged worker slams Cyprus over migration crisis

Thousands of asylum seekers in Cyprus were sent back to their countries last year but one foreign worker, who feels he has no good options following a dispute with his employer, says many people who come to work on the island are forced to seek asylum because the system is not in their favor...

255. 113.7% increase in counterfeit euro banknotes in 2022

In 2022, 451 counterfeit euro banknotes were removed from circulation in Cyprus, an increase of 113.7 percent over the previous year....

256. The base at Lefkoniko and the F-16 scenario

The occupation authorities confirmed the analysis of "K" via OSINT about upgrading works in terms of the expansion of the base in Lefkoniko,...

257. Cypriot author claims police trying to ban his book on corruption

A Cypriot investigative journalist accused the police on Wednesday of trying to prevent him from publishing books he wrote about corruption in his country....

258. What consumers should lookout for as January sales begin

The Ministry of Commerce is intensifying its market checks due to the January sales, especially in clothing and footwear stores. At the same time, consumers are urged to be informed of their rights and to be particularly careful about cases of misleading advertisements....

259. Cyprus rolls out new scheme to subsidize e-vehicles

The budget for subsidizing the purchase of electric vehicles and withdrawing old cars, motorbikes, mopeds and bicycles is at €10 million Transport Minister Yiannis Karousos has said...

260. Germany passes law allowing foreigners to easily gain residency

Germany’s Federal Parliament, Bundestag, has approved the amendments to the law on the right of residence and asylum for third-country citizens who are already in the country, with a majority of 371 votes....

261. Menendez: 'US needs to hold Erdogan accountable for his behavior'

Turkish President Erdogan should stop all overflights of Greece and withdraw every last Turkish soldier from Cyprus, Senate Foreign Relations Committee Chairman, Robert Menendez, said on Monday....

262. EU Parliament halts work on Qatar-related cases

The European Union’s parliament voted Thursday to suspend work on all files involving Qatar, and called for security passes for representatives of the Gulf country’s interests to be withdrawn until light can be shed on a corruption scandal rocking the assembly....

263. Kaili in custody until next week - Decision on the three is expected

Eva Kaili, a Greek MEP and former vice-president of the European Parliament, will be detained until next week, according to AFP....

264. Did Iran just abolish the morailty police?

Both Iranian state media and anti-government protesters downplayed statements by an Iranian judicial official that the "morality police" had been abolished on Sunday....

265. Procedures, criminal offender profiles, and the law governing child abuse

The recent news has been overshadowed by new complaints from schoolgirls in Cyprus alleging that their headmaster has harassed them sexually, while in Greece the Aeolus box is opening due to revelations about the "Ark of the World" foundation....

266. November Newsletter of K. Treppides & Co Ltd: European Banking Authority

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....

267. Prepare for an increase in grain prices

Agriculture Minister Costas Kadis told 'K' that there is no concern about grain sufficiency in the Cypriot market at this time, explaining that strategic stocks of grains received in the summer remain in importers' silos. ...

268. Wim Van Aken talks recession and the predictions for Cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

269. Rishi Sunak to become Britain's next Prime Minister

Britain's new prime minister is Rishi Sunak. Penny Mordaunt, the only candidate left standing for the Conservative leadership following Boris Johnson's withdrawal yesterday, has also withdrawn from the race, paving the way for Sunak to take over as Prime Minister....

270. Limassol angry after downtown balconies collapse

Limassol officials pointed the finger at property owners on Thursday after two balconies collapsed downtown, highlighting a bigger problem in Cyprus where local authorities say they are often forced to pick up the tab for urgent repairs...