https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/un-investigators-tasked-with-digging-out-izyum-facts
UN investigators in Ukraine have been asked to investigate burials in a forest in Izyum where Kiev officials pointed to evidence of Russian war crimes, with Moscow accusing Ukrainian authorities of pushing a false narrative about soldiers who were killed in action and left behind...
https://knews.kathimerini.com.cy/en/news/ec-to-force-energy-companies-to-share-their-profits
The European Commission plans to raise more than €140 billion to relieve consumers from soaring energy prices, according to Reuters, by "taking a chunk of the revenue from low-cost electricity producers and forcing fossil fuel companies to share their huge profits. ...
https://knews.kathimerini.com.cy/en/news/anna-luhrmann-speaks-to-k-with-a-view-to-strengthening-cypriot-german-relations
German State Secretary for Foreign Affairs Foreign Affairs, Anna Luhrmann, arrived in Cyprus on an official visit and spoke to "K" about the current developments in the eastern Mediterranean and the war in Ukraine. ...
https://knews.kathimerini.com.cy/en/news/eu-plans-to-cap-gas-prices-risking-cutoff-from-russia
The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter....
https://knews.kathimerini.com.cy/en/news/new-european-newsroom-comprised-of-18-news-agencies
A total of 18 news agencies from all over Europe are participating in the European Newsroom initiative, which was formally launched on Tuesday in Brussels....
https://knews.kathimerini.com.cy/en/news/metsola-europe-s-bloc-is-made-stronger-by-the-discovery-of-so-much-natural-gas-in-your-country
In anticipation of Roberta Metsola's visit to Cyprus on September 9th, Kathimerini's George Kakouris sits down with the European Parliament President and gets her take on the Cyprus problem, recently discovered natural gas reserves and the issue behind Cyprus' "golden passport" scandal....
https://knews.kathimerini.com.cy/en/news/eu-states-facilitating-employment-of-third-country-nationals-to-ease-labor-shortage
The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....
https://knews.kathimerini.com.cy/en/news/european-nations-asked-to-immediately-start-rationing-natural-gas
To avoid energy shortages that would stall economic growth and leave households cold in the winter as Russia weaponizes its gas exports, European countries should immediately start rationing use of the fuel, the European Commission said on Wednesday, and cut their use 15 percent until next spring....
https://knews.kathimerini.com.cy/en/news/putin-will-restart-gas-pipeline-to-europe-but-with-conditions
Russian President Vladimir Putin signaled that Europe will start getting gas again through a key pipeline, but warned that unless a spat over sanctioned parts is resolved, flows will be tightly curbed....
https://knews.kathimerini.com.cy/en/news/eastmed-feasibility-study-hindered-due-to-turkey-s-harassment
The commercial viability study of the EastMed pipeline is not proceeding as planned because Turkey is "interfering with the Nautical Geo ship conducting environmental surveys," Foreign Minister Ioannis Kasoulides told the Parliamentary Committee on Foreign Affairs....
https://knews.kathimerini.com.cy/en/news/eu-leaders-tackle-inflation-energy-shocks-from-russia-s-war
A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-on-erdogan-the-west-and-greek-turkish-relations
Let’s start with the domestic facts and figures to dispel the widespread wishful thinking betting on the victory of the so-called “opposition front” at the next elections....
https://knews.kathimerini.com.cy/en/business/new-rules-to-slash-pesticide-use-in-the-eu-by-50
The European Commission proposed on Wednesday legally binding targets to halve the use of chemical pesticides and restore nature across the EU, in an attempt to better protect health and recover plunging wildlife populations....
https://knews.kathimerini.com.cy/en/news/eu-official-calls-on-cyprus-to-implement-recovery-plan-or-lose-funding
A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....
https://knews.kathimerini.com.cy/en/news/eu-energy-commissioner-cyprus-has-enormous-potential-in-terms-of-solar-and-wind-energy-production
In the wake of rising energy costs due to Russia's invasion of Ukraine, Kathimerini sits down with EU Commissioner for Energy, Kadri Simson, to discuss the EastMed pipeline, Europe's push toward Green energy and the potential for Cyprus to ensure its citizens both affordable prices and energy security by developing solar and wind power....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-net-profit-of-€21-million-in-q1-and-a-record-of-new-loans
Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....
https://knews.kathimerini.com.cy/en/news/ec-projects-economic-slowdown-and-rising-inflation-for-cyprus
The European Commission has revised its economic projections for Cyprus citing a downward trend due to the effects of Russia’s invasion of Ukraine and the associated sanctions against Moscow on the island’s tourist and services sector....
https://knews.kathimerini.com.cy/en/news/fozen-russian-reserves-should-be-used-to-rebuild-ukraine
EU capitals should consider seizing frozen Russian foreign exchange reserves to cover the costs of rebuilding Ukraine after the war, the bloc’s top diplomat has said, as the west debates how to force Moscow to pay for some of the damage the conflict has caused....
https://knews.kathimerini.com.cy/en/news/cyprus-rcb-bank-and-its-kremlin-ties
On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....
https://knews.kathimerini.com.cy/en/news/eu-to-propose-import-ban-on-all-russian-oil
Brussels will propose a phased-in ban on imports of all Russian oil as member states prepare to discuss a sixth package of penalties against Moscow for its invasion of Ukraine....
https://knews.kathimerini.com.cy/en/news/eu-creates-platform-for-members-to-jointly-buy-non-russian-gas
The European Union has launched a platform for European Union countries to jointly buy gas and liquefied natural gas as they seek to cut reliance on Russian fuels and build a buffer against supply shocks....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-cryptocurrency-the-requirement-of-a-firm-to-service-the-local-market-trading-in-cryptocurrency
https://knews.kathimerini.com.cy/en/news/lagarde-cyprus-will-be-affected-by-inflation-and-rising-energy-costs
Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....
https://knews.kathimerini.com.cy/en/news/ministers-point-out-the-need-for-the-cyprus-experience-in-tourism
There is a need for quality tourism in Cyprus as well as one that can be resilient in the face of a continuing crisis, ...
https://knews.kathimerini.com.cy/en/news/putin-wants-unfriendly-countries-to-pay-for-russian-gas-in-roubles
Russia will seek payment in roubles for gas sales from “unfriendly” countries, President Vladimir Putin said on Wednesday, sending European gas prices soaring on concerns the move would exacerbate the region’s energy crunch....
https://knews.kathimerini.com.cy/en/news/loss-of-1-5-to-2-of-cypriot-gdp-due-to-a-ban-on-russian-flights
Cyprus could lose 1.5% to 2% of its growth rate this year if the Cypriot airspace (under EU sanctions) to Russia remains closed for the whole of 2022, estimates the rating agency DBRS Morningstar, noting that despite the negative impact, the war in Ukraine will not derail the medium-term prospects of the Cypriot economy....
https://knews.kathimerini.com.cy/en/news/op-ed-a-new-impetus-for-gas-in-the-eastern-mediterranean
The war in Ukraine has upended Europe’s energy security. Continuing to rely on Russian energy is no longer tolerable, even if the relationship cannot be severed overnight....
https://knews.kathimerini.com.cy/en/news/finance-minister-concerned-over-rising-energy-and-grain-prices
Finance Minister Constantinos Petrides said today that he is concerned about the rising prices of grain and energy and the possibility of 'stagflation', but excluded the possibility of the Cypriot economy slipping into recession....
https://knews.kathimerini.com.cy/en/news/eu-plans-to-cut-russian-gas-imports-by-two-thirds-in-a-year
The European Union will outline a plan on Tuesday to cut Russian gas imports by two-thirds within a year as it seeks to reduce its dependency on the country’s fuel supplies after Moscow’s invasion of Ukraine.
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