https://knews.kathimerini.com.cy/en/news/eu-mulls-cap-on-electricity-prices-as-costs-soar
The Czech presidency of the European Union has called for an emergency meeting of the bloc’s energy ministers to consider measures of dealing with the energy crisis, including imposing a ceiling on the price of electricity....
https://knews.kathimerini.com.cy/en/news/washington-reiterates-gas-hopes-for-entire-region
The US state department has reiterated the American position on Cyprus' natural resources this week after ENI announced a new gas find south of the island, with a Cyprus News Agency report alluding to slightly altered language in the latest statement attributed to an official from across the pond...
https://knews.kathimerini.com.cy/en/news/euro-at-new-20-year-low-against-the-us-dollar
The euro slipped to a new twenty-year low due to fears of increased inflationary pressures and an impending recession in Europe as a result of the energy crisis....
https://knews.kathimerini.com.cy/en/news/turkey-doubles-russian-oil-imports-filling-eu-void
Turkey doubled its imports of Russian oil this year, Refinitiv Eikon data showed on Monday, as the two countries are set for broader cooperation in business and especially energy trade in the face of western sanctions against Moscow....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-turkey-must-behave-as-a-nato-ally
Senator Bob Menendez, chair of the United States Senate Committee on Foreign Relations, calls for more steps to deepen the multidimensional relationship between Greece and the US, from defense and security to emerging technologies, the digital economy, the maritime industry and commercial shipping....
https://knews.kathimerini.com.cy/en/news/cyprus-stoked-about-gas-discovery-s-eu-prospect
Nicosia says preliminary estimates of a new gas discovery in the country’s exclusive economic zone raise the prospect that big players could still include the island in their plans to supply the European Union with much needed natural gas...
https://knews.kathimerini.com.cy/en/news/2-5-tcf-deposit-discovered-by-eni-total-consortium-in-block-6
The ENI TOTAL consortium made an important discovery of natural gas in Block 6. According to an official announcement by the Italian company,...
https://knews.kathimerini.com.cy/en/news/turkey-s-stance-undermines-prospects-for-peace-in-cyprus-and-the-wider-region
Turkey's stance creates deadlock which undermines prospects for peace in Cyprus and in the wider region, said on Sunday the Permanent Secretary at the Ministry of Interior, Costas Constantinou....
https://knews.kathimerini.com.cy/en/news/sleepy-greek-port-becomes-us-arms-hub
But the sleepy port of Alexandroupoli in northeastern Greece has taken on a central role in increasing the US military presence in Eastern Europe to contain Russian aggression. That flow has angered not only Russia but also neighboring Turkey, underlining how war in Ukraine is reshaping Europe’s economic and diplomatic relationships....
https://knews.kathimerini.com.cy/en/news/prices-of-consumer-goods-and-services-recorded-a-10-annual-increase
The harmonized consumer price index recorded in July an annual increase of 10.6%....
https://knews.kathimerini.com.cy/en/news/cyprus-takes-it-easy-as-turkey-israel-relight-fire
The Cypriot government says Israel has vowed to be transparent in its relationship with Turkey, as a thawing period officially came to an end this week with the two countries announcing full normalization...
https://knews.kathimerini.com.cy/en/news/cyprus-maintains-low-vat-and-consumption-tax-on-fuel
Cyprus maintains a very low VAT rate and lower consumption taxes on fuel compared to Germany and other EU countries, Minister of Finance Constantinos Petrides notes in a written statement....
https://knews.kathimerini.com.cy/en/business/rics-cyprus-property-price-index-with-kpmg-in-cyprus-announces-results-of-q2-2022
KPMG in Cyprus announces that the ''RICS Cyprus Property Price Index with KPMG in Cyprus'' has been issued for Q2 2022....
https://knews.kathimerini.com.cy/en/news/erdogan-keeps-suspense-as-he-helicopters-to-drillship
Suspense in Nicosia and Athens were unceremoniously put on hold on Tuesday when Turkish President Recep Tayyip Erdogan announced the launch of the country’s Abdulhamid Han drill ship in contested waters off Cyprus but was in no hurry to share coordinates...
https://knews.kathimerini.com.cy/en/news/ec-promoting-bi-communal-solar-energy-power-plant
The European Commission has been promoting the idea of creating a bi-communal solar power plant that would “contribute to the energy needs of both communities”, European Commission President Ursula von der Leyen said in an interview with the Cyprus News Agency....
https://knews.kathimerini.com.cy/en/news/ukraine-s-first-grain-export-is-a-fraction-of-what-it-needs-to-sell
Ukrainian President Volodymyr Zelenskiy dismissed the importance of the first grain export shipment from his country since Russia invaded, saying it was carrying a fraction of the crop Kyiv must sell to help salvage its shattered economy....
https://knews.kathimerini.com.cy/en/business/turkish-inflation-surges-to-nearly-80
Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts....
https://knews.kathimerini.com.cy/en/news/greek-monuments-to-go-dark-in-winter
After this summer, it is highly likely that streets could become a little darker, historical monuments no longer bathed in artificial light throughout the night and households could face periodic outages, Environment and Energy Minister Kostas Skrekas warns....
https://knews.kathimerini.com.cy/en/business/ken-segall-the-man-who-put-the-i-in-iphone-at-digital-agenda-2022
Ken Segall, a close associate of Steve Jobs and Apple Ad Agency Creative Director for many years, will speak at Cyprus’ DA22....
https://knews.kathimerini.com.cy/en/news/first-ship-carrying-ukrainian-grain-leaves-odesa-port
A ship carrying grain left the Ukrainian port of Odesa for Lebanon on Monday under a safe passage agreement, Ukrainian and Turkish officials said, the first departure since the Russian invasion blocked shipping through the Black Sea five months ago....
https://knews.kathimerini.com.cy/en/business/lidl-continues-to-expand-its-stationary-trade-and-now-operates-more-than-12-000-stores-internationally
Lidl continues to expand its operation in Cyprus and is opening a new store in Limassol on Thursday, July 28. ...
https://knews.kathimerini.com.cy/en/news/russia-sending-money-to-turkey-for-the-$20-billion-akuyo-nuclear-plant
A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....
https://knews.kathimerini.com.cy/en/news/cyprus-chevron-aphrodite-tactics-irk-israel
A gas field dispute between Cyprus and Israel over a tiny portion, with which the island nation hopes to buy out its neighbor, went in deep water this week after Nicosia and Chevron preannounced plans for Aphrodite despite a decade-long unresolved issue still pending between the two nations...
https://knews.kathimerini.com.cy/en/news/cyprus-requests-disbursal-of-€85-million-rrf-funds-from-ec
The European Commission announced it received on Thursday the first payment request from Cyprus under the Recovery and Resilience Facility (RRF) for the disbursement of €85 million in financial support (net of pre-financing), ...
https://knews.kathimerini.com.cy/en/news/increasing-electricity-costs-to-be-subsidized-by-the-government
A subsidy that will cover part of the increase in the price of electricity was hammered down during today's session by the Cabinet. As the Minister of Finance Constantinos Petridis stated, ...
https://knews.kathimerini.com.cy/en/news/turkish-rig-to-begin-drilling-on-august-9th
Turkey’s Abdulhamid Han drill ship will leave the country’s port of Mersin in the Mediterranean on August 9, Energy Minister Fatih Donmez said late Tuesday....
https://knews.kathimerini.com.cy/en/business/cyprus-gas-discoveries-boosted-by-eu-s-shift-from-russia-supplies
The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic importance of finds in Cyprus, the country’s energy minister said....
https://knews.kathimerini.com.cy/en/news/europe-agrees-to-compromise-deal-on-gas-rations-as-russia-squeezes-supply
European Union governments agreed Tuesday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of Ukraine....
https://knews.kathimerini.com.cy/en/news/electricity-grid-capacity-to-be-increased-as-temperatures-soar
Despite high temperatures, ongoing electricity demand remains lower than the one observed last summer, the grid's capacity is, however, expected to increase next week, to be able to respond to higher demand, according to Vrahimis Koutsoloukas, a spokesperson of the Cyprus Transfer System Administrator (CTSA)....
https://knews.kathimerini.com.cy/en/news/germany-dims-lights-as-it-leads-europe-in-saving-energy
Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most of the fountains are not operating....
