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151. EAC awards €40M smart meter contract to Cyta despite higher bid

The Board of Directors of the Electricity Authority of Cyprus (EAC) has granted the contract for 400,000 smart electricity meters to Cyta, following pressure from the Energy Regulatory Authority and in compliance with EU Recovery Mechanism obligations....

152. CEOs globally forecast increase in revenues, profits and deal making in 2024, as business transformation moves up the agenda

CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey....

153. Norwegian LNG fueling India's energy future starting 2026

In a strategic move echoing India's green ambitions, Deepak Fertilisers has joined forces with Norwegian giant Equinor to secure a 15-year supply of liquefied natural gas (LNG)....

154. Porsche's new Panamera e-hybrids: Faster, greener, better

Porsche presents two new e-hybrid variants of the Panamera...

155. Transforming homes into energy generators, one wall at a time

Imagine if you could turn your house walls into solar panels just by painting them – that's the idea behind solar paint. Unlike traditional solar panels, this high-tech paint contains tiny light-sensitive particles....

156. Government to receive €1.2B for green transition and resilience plan

Cyprus is set to receive a total of 1.2 billion euros from the Recovery and Resilience Plan (RRP). ...

157. Porsche unleashes powerhouse Taycan with enhanced performance

Higher, faster, further and coming to Porsche Centres in the spring of 2024....

158. Cabinet approves €17M sponsorship scheme for business energy upgrades

The Cabinet has approved Mr. George Papastasiou's proposal, the Minister of Energy, Commerce, and Industry, regarding the grants initiative aimed at enhancing upgrades and strengthening the competitive edge of major enterprises....

159. Porsche's latest Taycan surprises with 587km real-world range

Initial test drives with pre-series Taycan between Los Angeles and San Diego showed that the new generation of the electric sports car has a total range of up to 587 kilometres....

160. Ministry unveils enhanced vaccination drive

Starting Monday, May 2, 2024, the Ministry of Health has revealed a comprehensive update to the vaccination campaign targeting COVID-19 and influenza across the nation....

161. Businesses can now register for renewable energy funding programs

Businesses interested in participating in grant schemes to encourage the use of Renewable Energy Sources (RES) and Energy Efficiency (EE) are now able to register, according to the Management Committee of the Renewable Energy Sources (RES) and Energy Saving (EE) Fund....

162. Digital Citizen initiative for streamlined services

President Nikos Christodoulides announced a series of policy actions aimed at improving citizens' daily lives and enhancing their overall quality of life, alongside legislative and other initiatives geared towards modernizing state structures and institutions....

163. Macan sets new standards: the first all-electric SUV from Porsche

164. Wizz Air soars to new heights with 71% increase in Cypriot passengers

In 2023, Wizz Air experienced a remarkable surge in popularity among Cypriot travelers, with a staggering 71% increase in passengers compared to the previous year, reaching a total of 2.2 million passengers, as announced by the company....

165. Police ensures timely hospital transfer for woman in labor

In a commendable display of their commitment to public service, members of the Limassol Traffic Police "Z" team sprang into action yesterday afternoon, responding to a call for immediate assistance in transferring a pregnant woman to the hospital....

166. Ministry's bold steps for energy renovation unveiled

The Ministry of Energy, Commerce and Industry proceeds with the preparation of standard procedures for the announcement and implementation of energy renovation projects....

167. Cameras cut road deaths by 18% in two years

The two-year operation of the photo-labeling system, initiated on 1/1/2022 with four mobile and four fixed cameras, has witnessed a remarkable success in enhancing road safety....

168. Frontex commends Cyprus for successful immigration management

Grigorios Apostolou, the Head of the Frontex Liaison Office for Greece and Cyprus, commended Cyprus for its effective immigration management strategy....

169. 'One Stop Shipping Centre' launched to boost competitiveness

The One Stop Shipping Centre has set sail in Cyprus, marking a significant development for the Cypriot shipping industry. Launched by the Deputy Ministry of Shipping under the President of the Republic,...

170. Putting the new Macan through its paces in the name of performance and efficiency

Porsche is putting the prototype of the all-electric Macan through an exacting and gruelling test programme to prepare the follow-up to the successful SUV for its upcoming world premiere. ...

171. Construction: Say farewell to building permits

In a groundbreaking move to simplify the development control system, Cyprus is set to abolish urban and building permits for small-scale projects....

172. Cyprus redefines sustainability with new renewable energy grants in housing

In an exclusive announcement, the Ministry of Energy, Trade, and Industry is reaching out to stakeholders for their input on the innovative ''Grant Scheme for Renewable Energy and Energy Saving in Housing 2024-2025.''...

173. Tension peaks in Cyprus natural gas development

The development of the Natural Gas network of Cyprus has become a tangled mess, as after the delays in the schedules......

174. Cyprus grapples with lingering private debt woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

175. Themis Themistocleous signals potential 2024 interest rate cut

In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...

176. Cyprus Airways connects the Island to the heart of Europe

Cyprus Airways announced today that it will be commencing twice weekly services, every Monday and Thursday, between Larnaca and Brussels International Airport, on the 5th of February. These will be increased to three weekly flights as from Summer 2024....

177. Questions arise over €18.5M purchase for Foreign Ministry relocation

Members of the Finance Committee in the Parliament have raised questions about the proposed release of 18.5 million euros for the purchase of the former Laiki Bank building in Nicosia, intended as the temporary relocation site for the Ministry of Foreign Affairs. ...

178. Digital, more luxurious, more efficient: the new Panamera

Porsche revamps the Panamera: the third generation of the sporting luxury sedan is characterised by a wider range of digital features, a fresh and expressive design and a broader spectrum between dynamic performance and driving comfort. ...

179. Inside the grand unveiling of 'Smart Nicosia' dreams

In a groundbreaking initiative, the municipality of Leucosia unveiled the Smart Nicosia project on November 20, marking a significant leap towards transforming the city into a smart and livable hub....

180. Cyprus and Serbia strengthen ties with three key agreements

During President Nikos Christodoulides' official visit to Serbia, Cyprus and Serbia solidified their collaboration by signing three Memoranda of Understanding....