ENERGY Government advances energy storage plans, market opening. File photo Kenyaengineer.co.ke Cyprus aims to complete energy storage system by 2026, launch competitive electricity market in 2025 Newsroom The government plans to complete a new energy storage system, along with storage installations at two Electricity Authority of Cyprus (EAC) power plants, by June 2026, Government Spokesperson Konstantinos Letymbiotis said Monday. READ MORE
Vasilikos scandal: Bank accounts under scrutiny in EU probe Political parties back investigation into high-profile energy project as financial records come under the microscope. Apostolos Tomaras 15/07/2025 | BUSINESS
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Electricity bills to rise 3% starting next cycle Regulator approves EAC’s request to cover operational costs. Newsroom 12/07/2025 | BUSINESS
Novardia Credit Insurance Brokers Ltd. launches as Cyprus-based specialist in credit insurance Press Release 11/07/2025 | BUSINESS
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Company Maspex Romania moves forward to acquire majority control of Cyprus-Based Wine Purcari One of Romanian food industry leader Maspex Romania continues the process of take over for Cyprus-Based Wine Purcari, a ... 11/07/2025 | BUSINESS
Deposit rates fall for households and businesses, while mortgage rates climb Central Bank data shows mixed trends across lending and deposit products in May. Newsroom 10/07/2025 | BUSINESS
Israeli developers to launch €40m high-rise project in Larnaca Israeli-led consortium unveils plans for 19-story luxury tower on Cyprus coastline. Newsroom 09/07/2025 | BUSINESS
New private hospital and medical campus approved for Lakatamia Hadassah Healthcare Park to bring hospital, medical school, biotech offices, and student housing to Nicosia suburb Newsroom 09/07/2025 | BUSINESS