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91. Is Poland upset with Ukraine?

The eastern flank of the European Union — particularly Poland — continues to play a crucial role in helping Ukraine fight against Russia’s invasion. A recent diplomatic squabble over grain imports, compounded by historical issues, puts the once-stable footing at risk....

92. Government achieves €155.5M surplus in 2023

Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus. ...

93. Over one-third of Turkish fruit and vegetable imports to EU violate safety standards

According to the Association of Greek Fruit, Vegetable, and Juice Exporters and Traders (INCOFRUIT-HELLAS), over one-third (35.3%) of fruit and vegetable shipments imported from Turkey to the European Union (EU) were found to contain excessive pesticide levels, as reported by the Rapid Alert System for Food and Feed (RASFF)....

94. Cyprus receives funding for Nicosia motorway

The European Commission has announced a significant investment of €6.2 billion to co-finance 107 infrastructure projects aimed at promoting sustainable, safe, and efficient transport throughout the EU....

95. Energizing surprise: Abundance of energy sends prices plummeting in Finland

Finland was dealing with an unusual problem on Wednesday: clean electricity that was so abundant it sent energy prices into the negative....

96. Canada and Saudi Arabia restore diplomatic ties after 6 years

Canada and Saudi Arabia have agreed to restore full diplomatic ties and appoint new ambassadors, both countries said on Wednesday, bringing to a close a 2018 dispute that damaged relations and trade....

97. Higher prices for Easter meat: Lamb sees a 25% increase, beef up by 15%

A year ago, reports described Easter dinner as the most expensive in four years. This year's prices are expected to surpass that record, according to the first data from the Easter Price Watch gathered by K and soon to be published by the Consumer Protection Agency....

98. Surplus of €363 mn recorded in Cyprus in Jan-Feb 2023

A surplus of €363 mn or 1.3% of GDP for the period of January-February 2023, according to the preliminary General Government fiscal results, published by the Statistical Service of Cyprus on Friday....

99. Macron's mission in China: Convincing Xi on Ukraine

100. MEP's pass bill banning home sales or rentals without energy upgrade

All properties available for sale or rent must incur compulsory energy upgrade costs, costing tens of thousands of euros, from 2030 onward, based on what is stated in the relevant European Union directive....

101. EAC maintains dominant position in Cyprus' energy production market

The highest electricity market share in the EU was recorded in Cyprus (88%), reflecting the dominance of the Electricity Authority of Cyprus in the country’s energy market, Eurostat data published on Tuesday show....

102. Trade deficit increased by 163.5% in January 2023

A large increase was recorded in the trade deficit in January 2023 according to preliminary data published on Monday by the Statistical Service, since the increase in imports was more than three times the increase in exports....

103. International university students visit Eurogate’s facilities at Limassol Port

Students from various US academic institutions received a tour of the facilities of Eurogate Container Terminal Limassol Ltd. ...

104. Cyprus GDP and employment up according to Eurostat

Both GDP and employment increased during the 4th quarter of 2022 compared to the previous quarter in Cyprus, while in the eurozone GDP remained stable and employment increased and in the EU GDP fell and employment increased, according to estimates released by Eurostat, the statistical service of the EU....

105. Government surplus of €609.5 million for 2022

General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022, compared to a deficit of €402.8 mn or 1.7% of GDP, that was recorded during the period of January-December 2021....

106. Turkey wants to become a natural gas 'supermarket'

Turkey will hold a natural gas summit on February 14-15 to bring together gas supplier countries and Europe’s consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez said on Monday....

107. Foreign trade increased significantly in first ten months of the 2022

Cyprus' foreign trade registered a significant increase in the first ten months of 2022, according to data released on Monday by the Statistical Service of Cyprus. The trade deficit also increased due to the great increase in imports....

108. Lack of 'discounts' for the holiday table

This year's Christmas table is expected to be laden with delectable fare. This is a tool that supermarkets have enlisted in order to retain customers and possibly increase sales, even in times of inflation....

109. €651.4 million of government surplus recorded until September 2022

Cyprus' general government surplus rose to 651.4 million for the period of July-September 2022 compared with a surplus of €319.5 mn recorded in the respective period of last year, according to preliminary general government fiscal results....

110. The EU faces a difficult case

The Kaili case is the latest in a string of setbacks. The clumsy (at best) handling of the wiretaps, the Ark revelations, the new episode of excessive police violence, and now the alleged bribery scandal in the European Parliament (EP) are all causing consternation and sadness....

111. Trade deficit jumps to €6.17 billion in January – October 2022

Cyprus’ trade deficit jumped to €6.17 billion for the period from January to October 2022, surpassing the deficit for the full year 2022 amounting to €5.24 billion, amid price hikes mainly driven by the war in Ukraine....

112. G7 price cap on Russian oil kicks in

The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production....

113. Over half a billion euro in government surplus so far this year

Preliminary General Government fiscal results indicate a surplus of €556.4 mn for the period of January-October 2022, according to data prepared and published by the Statistical Service of Cyprus on Wednesday....

114. 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....

115. 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....

116. What is causing the egg shortage?

Andreas Hadjiadamos, executive secretary of the supermarket association, and Marios Antoniou, secretary general of the Pancyprian retail association, both appeared reassuring about market egg shortages....

117. Wim Van Aken talks recession and the predictions for Cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

118. Trade deficit increased by €1.5 bln in first 8 months of 2022

The trade deficit increased by €1.5 billion in the period from January to August 2022, compared to the same period of 2021, according to provisional data issued by the Statistical Service of Cyprus for August 2022. The deficit was €5,120.1 million in January-August 2022, which increased from €3,587.5 in January-August 2021....

119. EU countries approve energy windfall levies, turn to gas price cap

European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....

120. Cyprus wants EU exemption from energy cutback

Cyprus is gearing up to request on Friday an exemption from EU measures that would call on member states to reduce their energy demand as well as cap company profits from Russian oil...