ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages Gemini Earn Program Investors to Secure Counsel Before Important Deadline in Securities Class Action Against Gemini Trust Company, LLC, Tyler Winklevoss, and Cameron Winklevoss

NEW YORK, Feb. 17, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds investors in Gemini interest accounts (“GIAs”), through a program called “Gemini Earn,” between February 2, 2021 and December 27, 2022, inclusive (the “Class Period”) of the important February 27, 2023 lead plaintiff deadline.

This case is against Gemini Trust Company, LLC, Tyler Winklevoss, and Cameron Winklevoss (together, “Defendants”).

SO WHAT: If you invested in Gemini Earn during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Gemini class action, go to https://rosenlegal.com/submit-form/?case_id=11066 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 27, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, Gemini made actionable misstatements that deceived investors by touting Gemini Earn as a safe method of storing crypto assets and collecting interest payments and that Gemini omitted and concealed significant information concerning the risks associated with Gemini Earn, including information concerning its so-called partner and borrower in connection with the program, Genesis Global Capital, LLC. Also according to the lawsuit, Defendants violated securities laws because Gemini failed to register as an exchange and/or broker-dealer and offered and sold unregistered securities without providing registration statements for such securities, which would have apprised investors of the risks and other important information associated with their investments.

To join the Gemini class action, go to https://rosenlegal.com/submit-form/?case_id=11066 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 8751929

Construction materials at highest point since 1986 in January

The Price Index of Construction Materials for January 2023 reached 136.01 units (base year 2015=100), recording an increase of 12.25% compared to the same month of the previous year, according to data published by the Statistical Service on Friday. The price index for construction materials in January 2023 is at its highest point since 1986 when data are kept by the Statistical Service.

By main commodity category, compared with January 2022, in January 2023 increases were recorded in minerals by 27.15%, mineral products by 14.66%, products of wood, insulation materials, chemicals and plastics by 10.49%, electromechanical products by 8.75% and metallic products by 7.77%.

Compared to the previous month, in January 2023 the price index of construction materials rose by 1.79%.

The index, which rose to 136.01 in January, is at its highest point since 1986, when data started being kept by the Statistical Service. With 2015 as a base year (=100), the increases over the last three years in the main product categories have increased significantly.

Compared to the average of 2020, in January 2023 minerals increased by 34.9%, mineral products by 22.2%, products of wood, insulation materials, chemicals and plastics by 32.7%, metallic products by 47.7% and electromechanical products by 25.6%.

Cumulatively, since 2020 the price index in January 2023 is up 34.7% compared to 2020, 21.4% compared to 2021 and 3.6% compared to 2022. Although the growth rate is declining, prices are still at record highs.

Source: Cyprus News Agency

Four new COVID-19 deaths and 1,516 new cases recorded last week, Cyprus Ministry of Health reports

Four deaths due to COVID-19 and 1,516 new coronavirus cases were recorded during the week 10-16 February, the Ministry of Health announced on Friday.

The Health Ministry, in its statement, reports that 64,876 tests took place and the positivity rate is at 2.34%.

The deaths recorded concern two men aged 90 and 86 as well as two women aged 98 and 77 years old.

The total number of deaths due to COVID-19 are 1,297 and total cases detected since the beginning of the pandemic are 647,031 with the positivity rate reaching 2.34%.

In public hospitals, 48 patients with COVID-19 are being treated, 11 of whom in serious condition.

From 1,602 PCR tests, 79 came positive, with a positivity rate of 4.93%.

Also, 63,274 rapid tests were performed, from which, 1,437 new cases emerged, with a positivity rate of 2.27%.

On a private initiative, 1,222 PCR tests were carried out and 38 positive cases were identified, with a positivity rate of 3.11%.

Also, 40,463 rapid tests were performed and 1,290 positive cases were detected, with a positivity rate of 3.19%.

Through the programmes of the Ministry of Health, 22,811 rapid tests were performed and 147 positive cases were identified.

At the sampling points, 16,170 rapid tests were performed and 93 positive cases were identified, with a positivity rate of 0.58%.

Meanwhile, in Primary Education, 196 rapid tests were performed and one positive case was detected, with a positivity rate of 0.51%, while in Secondary Education, 146 rapid detection tests were performed and no positive cases were detected. In special schools, 231 rapid tests were performed with 2 cases detected and a positivity rate of 0.87%.

In nursing homes, 4,610 rapid tests were performed and 47 positive cases were identified, with a positivity rate of 1.02%.

In closed facilities, 1,458 rapid tests were performed and 4 new cases were identified, with a positivity rate of 0.27%.

Source: Cyprus News Agency

Foreign Ministry and Cyprus University of Technology sign agreement for scholarships to third-country students

Cyprus’ Foreign Ministry on Friday signed a Memorandum of Cooperation with the Limassol-based University of Technology (CUT) for scholarships in postgraduate programmes to students from third countries.

The Minister of Foreign Affairs, Ioannis Kasoulides, who signed the Memorandum together with the Rector of CUT, Panayiotis Zaphiris, noted the importance of such collaborations as “on the one hand, they contribute to the strengthening of the bilateral relations of the Republic of Cyprus and on the other hand, they promote internationally the academic institutions and the image of our country as a centre of high-level studies”.

For next year, he said, they have designated scholarships for students from Gambia, Guyana, Libya and the Palestinian Authority. Five scholarships totaling €45,000 euros, meaning €9,000 for each student, will be awarded annually. The Memorandum covers the two-year period, 2023-2024.

Zaphiris thanked the Minister and his Ministry staff for the cooperation, and noted that, these scholarships will help the university in its efforts to attract students from third countries.

In recent years, he said, they have been exerting great effort to make the university an international one, adding that they have also joined the “European universities” initiative that brings together universities in Europe to work together to offer joint study programmes.

Source: Cyprus News Agency

Excess mortality rises to 19% in EU, drops to 19% in Cyprus in December, according to Eurostat

Excess mortality in Cyprus in December 2022 dropped to +19% of the average number of deaths for the same period in 2016-2019, and soared to +19% in the EU, the highest recorded value in 2022, according to Eurostat, the statistical service of the EU.

This is a sharp increase from November for the EU, when excess mortality was at +8%. In comparison, the excess mortality rate was +30% in December 2020 and +24% in December 2021.

In Cyprus, excess mortality for December marks a significant decrease from November when the rate was at +28% (+14% in May, +11% in June, +16% in August and +14% in September). In comparison to previous years, the excess mortality rate in Cyprus was +27% in December 2020, and +28% in December 2021.

In December 2022, excess mortality continued to vary across the EU members. Romania and Bulgaria (both -6%) recorded values lower than the national monthly average for 2016-19, while Hungary (+3%), Luxembourg, Spain and Malta (all +10%) had excess mortality rates less than half the EU average.

Conversely, the highest rate was recorded in Germany (+37%). Other countries with rates over +20% were Austria (+27%), Slovenia (+26 %), Ireland and France (both +25%), Czechia, the Netherlands and Estonia (all +23 %), Denmark (+22%), and Finland and Lithuania (both +21%).

The EU registered earlier major peaks in excess deaths in April 2020 (+25%), November 2020 (+40%), April 2021 (+21%) and November 2021 (+27%). July 2022 also showed significantly higher than the baseline mortality, possibly due to the heatwaves that affected parts of Europe during the reference period.

Source: Cyprus News Agency

Cyprus and France will further promote their “valuable relationship”, Macron tells President-elect

President of France, Emmanuel Macron, has expressed certainty that his country and Cyprus will have the opportunity to promote their “valuable relationship” during the coming years, in a letter he sent to President-elect, Nikos Christodoulides, congratulating him over his election on behalf of the French people and himself.

Moreover, Macron reiterated his support “to a just and viable solution for the reunification of the island of Cyprus within the UN parameters and on the basis of a bizonal and bicommunal federation, providing full guarantees to the two communities for their political equality.”

Macron noted in his letter that “our two countries share the same aspiration for a strong and sovereign Europe and I am convinced that we will continue to act jointly with a view to address the many common challenges.”

“Collective defence, industrial sovereignty, the management of migration flows, the ecological, energy and digital transitions will be at the core of our discussions during the next months,” he added.

Moreover he noted that “in view of the ongoing brutal and illegal offensive of Russia in Ukraine, the next months will also be crucial as regards our help to Ukraine for its resilience, victory and reconstruction.”

“You are aware of the commitment of France to a settlement of the Cyprus issue. I reiterate my support to a just and viable solution for the reunification of the island of Cyprus within the UN parameters and on the basis of a bizonal and bicommunal federation, providing full guarantees to the two communities for their political equality,” Macron said.

He added that “the bilateral relations between our two countries have experienced an unprecedented development in recent years in many fields. The close cooperation between our armed forces, our cooperation in the field of education or the boost given to the French language in your educational system constitute such examples.”

He expressed certainty that “we will have the opportunity to promote this valuable relationship in the coming years, among others in the economic sector as well.”

Moreover, Macron said he looked forward to meet and to cooperate with Christodoulides “on our next international, European and bilateral issues.”

Cyprus has been divided since 1974, when Turkey invaded and occupied its northern third. Repeated rounds of UN-led peace talks have so far failed to yield results. The latest round of negotiations, in July 2017 at the Swiss resort of Crans-Montana ended inconclusively.

Source: Cyprus News Agency

Joint Training of US National Guard and Armed Forces on managing the wounded in the battlefield

With the participation of personnel from the United States Armed Forces European Command (USEUCOM), Cyprus National Guard organised a joint training on issues of managing the wounded in the battlefield from 13 to 17 February, 2023.

The training took place in the framework of special small-scale operations, under the name “SILVER FALCON SOFEX – 2023” at the “STAVROU STYLIANIDI” Military Camp in Kornos village.

According to the Cyprus Ministry of Defence, the main aim of the joint training in which the Brigade’s medical and paramedical personnel took part, was to increase knowledge in the selection, management and evacuation of wounded from the battlefield.

As it is noted, the Joint training is considered particularly beneficial, as it provided the opportunity for National Guard personnel to co-train and gain valuable knowledge from specialised First Aid providers and US Special Forces paramedics.

It also constitutes the continuation of the important initiatives that are underway as well as a confirmation of the continuous upgrading of the military cooperation of the Republic of Cyprus and the USA in new areas of mutual interest, including training through which National Guard personnel gain valuable experiences and know-how.

Source: Cyprus News Agency

The tenth volume of the ‘Cyprus File’ was published on Friday

The tenth volume of the Cyprus File was published on Friday, the House of Representatives announced.

The Cyprus File is a joint initiative of the Parliaments of Greece and Cyprus and is being implemented in the framework of the Cooperation Protocol for Access to the Material of the Hellenic Parliament’s Investigative Committee into the Cyprus File, signed by the Parliaments of Cyprus and Greece in January 2016.

The Files contain testimonial material collected by the Investigative Committee to collect and evaluate evidence on the Greek military coup in Cyprus and the Turkish invasion that followed days after.

The tenth volume, which is currently being printed and will soon be available in bookshops, includes minutes of the Investigative committee held between 19-26 November 1986 during which a Ch. Palainis, G. Matatsis, A. Perdikis, E. Glentzes, M. Pilichos and D. Papapostolou testified.

As noted in the foreword of the volume by Constantinos Tasoulas, Speaker of the Hellenic Parliament and Annita Demetriou, President of the House of Representatives, the voluminous material, consisting of 139 volumes, contains testimonies of the protagonists, the responsible individuals, and all those who directly or indirectly participated or were involved in the coup against the then President of the Republic of Cyprus, Archbishop Makarios III, as well as all those whose actions were linked to the events of the Turkish invasion that followed.

Tasoulas and Demetriou underline the material published does not assign institutional or ultimate accountability.

Cyprus has been divided since 1974 when Turkish troops invaded and occupied the island’s northern third.

Source: Cyprus News Agency

President of Poland extends invitation to President-elect to visit the country

President of Poland, Andrzej Duda, has extended an invitation to the newly elected President of Cyprus, Nikos Christodoulides, to pay a visit to his country.

Duda sent a letter to Christodoulides congratulating him over his election and noting that he is deeply convinced that his activities will contribute to the comprehensive settlement and strengthening of the position of the Republic of Cyprus.

The Polish President expressed hope that Christodoulides’ presidential term of office will also provide an opportunity for further deepening cooperation between the Republic of Poland and the Republic of Cyprus.

Extending an invitation to Christodoulides to visit Poland, Duda said he was convinced that it would significantly strengthen the bonds of friendship and cooperation between the two countries and societies.

Meanwhile the President of Italy, Sergio Mattarella, said in a letter he sent to congratulate Christodoulides, that the strong ties connecting Cyprus and Italy, which develop both bilaterally and within the context of belonging to the EU and the Mediterranean family, become even more relevant in view of the challenges that Cyprus and Italy – along with the other partners – have to face in order to guarantee a horizon of stability and prosperity in Europe and in the Mediterranean.

Moreover, Mattarella expressed hope that the efforts for the reunification of Cyprus may regain interest.

Cyprus has been divided since 1974, when Turkey invaded and occupied its northern third. Repeated rounds of UN-led peace talks have so far failed to yield results. The latest round of negotiations, in July 2017 at the Swiss resort of Crans-Montana ended inconclusively.

Source: Cyprus News Agency

Eurostat: 38.9% of recent job leavers in Cyprus left their job for labour market reasons in Q3 2022

In the third quarter of 2022, there were 3.5 million recent job leavers in the EU between the age of 25 and 54, of which more than two-thirds (68.9%) had left their job for labour market reasons, meaning the end of a fixed-term contract, a dismissal or a business closure for economic reasons, according to data released by Eurostat, the statistical service of the EU.

Recent job leavers are defined as people who left their job in the last three months before data was collected and are no longer in employment, here the focus is on those aged 25-54 years old.

This share was 3.2 percentage points (pp) lower compared with the third quarter of 2021.

In Cyprus, the share of recent job leavers that left their job for labour market reasons was at 38.9% during the third quarter of 2022. Eurostat did not provide data for how this percentage has changed on a national level.

In the third quarter of 2022, among the EU members, the highest shares of people leaving their jobs due to labour market reasons were recorded in Italy (89.9%), followed by Hungary (88.6%), Greece (87.6%), Spain (81.6%) and Croatia (70.6%).

There was a large gap between the highest and lowest shares, with the lowest share recorded in the Netherlands (27.3%). This was followed by the Czech Republic (31.6%), Lithuania (32.3 %), Estonia (36.6%) and Ireland (36.7%).

On an EU level, the importance of the labour market reason was even stronger among those with a low level of education (74.6%), followed by those with high and medium levels of education (67.8% and 66.2%, respectively).

The prevalent reason for workers leaving their jobs was the end of a fixed-term contract. In total, in the third quarter of 2022, 53.1% of total job leavers (1.8 million people) left their job because their contract ended, indicating a 3.9 percentage points (pp) decrease compared with the same quarter of 2021 (57.0%; 2.0 million people).

Across levels of education, the end of a fixed-term job had the highest share among job leavers with a low level of education (57.1%), followed by those with a high level of education (56.3%) and with a medium level (47.5%).

The second most common reason for leaving a job was dismissal or a business closure for economic reasons, which concerned 545 thousand people (15.8% of all recent job leavers against 15.1 % in Q3 2021).

Leaving their job for other or not stated reasons ranked third, affecting 478 thousand people (13.9%), followed by education or other personal reasons (311 thousand people; 9.0%) and family reasons, illness or retirement (283 thousand people; 8.2%).

Compared with the third quarter of 2021, there was a +1.9 pp increase in the share of people who left their job for education or personal reasons (e.g. taking care of friends or non-relatives, wanting more leisure time, no need for work, travelling, changing place of residence etc.), from 246 thousand people to 311 thousand in the third quarter of 2022.

This increase was more pronounced among those with a low level of education (+2.6 pp to 5.9%) and those with a high level of education (+2.5 pp to 10.8%).

Source: Cyprus News Agency