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1021. Program to combat desertification in Cyprus and Greece gets underway in Nicosia

LIFE AgrOassis, a program that aims to tackle the desertification of land in Cyprus and Greece, kicked off today, during an event in Nicosia....

1022. Kasoulides: Cyprus solution a 'win-win' if there is political will

The solution to the Cyprus problem could be a win-win situation for all stakeholders, Foreign Minister Ioannis Kasoulides has said, adding that there is a great possibility for this provided that there is political will....

1023. Greek Navtex is a message to Libya

The navigation warning issued by Greece on Saturday expanding the area of seismic surveys for oil and natural gas deposits off the coast of Crete was in response to a request by US oil firm ExxonMobil, which has been granted exploration rights, but also serves a geopolitical purpose...

1024. Cyprus wants to get in on fast-track gas to EU

Cypriot President Nicos Anastasiades is calling on Brussels to help encourage companies to move fast and include the island in plans to supply Europe with natural gas from the eastern Mediterranean...

1025. The effects of Global warming on banks and insurance companies

One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’ which refers to the goal of limiting the increase in the average temperature of the planet to 1.5 degrees Celsius...

1026. EU struggles with Russian oil price cap

European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow’s ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge...

1027. Small number of banks meeting new loan demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

1028. Tatar: Countries reluctant to recognize pseudo-state due to threats

1029. Cyprus Institute academics are some of the top scientists worldwide

Academics of the Cyprus Institute have recently been included in two ranking lists of top scientists worldwide....

1030. EC proposing a ceiling of 275 euros per megawatt hour for natural gas

Energy Commissioner Kadri Simson announced at a press conference in Brussels yesterday that the European Commission is proposing to cap the price of natural gas at 275 euros per megawatt hour for next month's TTF contracts....

1031. Anastasiades meets Scholz, Steinmeier in Berlin

Republic of Cyprus President Nicos Anastasiades is set to meet the political leadership of Germany on Wednesday, during his working visit in Berlin...

1032. CYTA expects €400 million in revenue this year

Deputy Chairman of the Committee Chrysis Pantelides told CYTA after discussing the organization's budget for 2023 that CYTA is a very good example of a profitable and robust semi-governmental organization that should remain in the ownership of the state so that the public and society at large reap these important benefits....

1033. Electricity theft on the rise

The Cyprus Electricity Authority's electricity distribution substations have seen an increase in theft cases recently, according to a statement from the police....

1034. Rift over gas cap looms over EU energy crisis plans

EU energy ministers meet in Brussels on Thursday to approve the latest set of emergency measures to mitigate an energy crisis, but the plans risk being eclipsed by disagreements over whether and how to cap gas prices...

1035. Europe rushes to stock up on Russian diesel before ban starts

European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited....

1036. Cypriot registered ships decrease by 21% due to sanctions

A large number of tankers that previously sailed under European Union flags, such as Cyprus and Malta’s, are leaving those registers as a result of the sanctions on Russian oil transportation....

1037. Chevron buys time as Cyprus and Israel still negotiate

Chevron took a step back this month after it postponed the drilling of an appraisal well offshore Cyprus, a plan that initially caught Israel by surprise and prompted an impromptu visit to Nicosia last summer as the two countries have yet to resolve a dispute...

1038. EY Cyprus presents the Transparency Report 2022

ΕΥ Cyprus has released its Transparency Report 2022, which provides an update on the firm’s efforts to execute high-quality audits, identify and mitigate risks and enhance trust in business and the capital markets, in support of sustainable, long-term value creation. ...

1039. 'Double tax' treaty talks to begin between Cyprus and Australia

Cyprus Finance Ministry has expressed satisfaction with the positive reaction of Australian authorities to initiate bilateral negotiations for the conclusion of the Convention for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance....

1040. Amazon announces immediate layoffs of 10,000 workers

Amazon plans to lay off approximately 10,000 employees from administrative and other positions in its technology departments....

1041. Immigration as a matter of national survival

The migration issue, along with Turkey's ongoing threats and galloping inflation due to the explosion in energy prices, undoubtedly ranks first in the hierarchy of Cypriot citizens' concerns....

1042. Slower economic growth expected towards end of year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....

1043. Report claims 3-4 companies produce spyware in Cyprus

Cyprus's parliament opened an inquiry on Wednesday into the development of spyware on the island, after a draft European Parliament committee investigation report said it was an important export hub for the surveillance industry....

1044. USA: Republican 'red tide' fails to sweep US midterms

Republicans are favored to win the House of Representatives, but the fight for the Senate is on a knife edge....

1045. Deep political divide in the US as midterm elections loom

In a stark closing argument ahead of the U.S. midterm elections, President Joe Biden on Monday warned that a Republican victory could weaken the country's democratic institutions, while former President Donald Trump hinted he could announce another White House bid as soon as next week....

1046. 13 billion bcm of natural gas discovered off Israel's shore

Energean PLC has announced a new commercial natural gas discovery of 13 billion cubic meters off the shore of Israel as a result of its exploratory drilling of the well dubbed Zeus-1. It has also confirmed the presence of an additional 3.75 bcm at its Athena site....

1047. 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....

1048. Anastasiades reveals Cypriot initiative on climate change at COP 27

The Cypriot initiative on climate change will be presented by the President of the Republic, Nicos Anastasiades, at the UN Climate Summit, COP27, which began on Sunday in Sharm El Sheikh, Egypt, amid growing calls for rich countries to compensate poorer ones and states most vulnerable to climate change....

1049. Cyprus' annual inflation rate declines to 8.6% in October

Annual inflation rate for October expected to be 10.7% in the eurozone and 8.6% in Cyprus according to Eurostat estimates...

1050. EY holds Cyprus Attractiveness Forum: Investment Realized, a reference point for FDI in Cyprus

The Cyprus Attractiveness Forum: Investment Realized, organized by EY in collaboration with the Cyprus Chamber of Commerce and Industry, took place on Tuesday, October 25th at the Parklane Hotel, in Limassol. ...