https://knews.kathimerini.com.cy/en/news/eac-chairman-george-petrou-dives-into-energy-storage-advancements
George Petrou, the newly appointed chairman of the Electricity Authority of Cyprus (EAC), faces a daunting task as he takes the helm during a turbulent......
https://knews.kathimerini.com.cy/en/business/cyprus-navigates-economic-uncertainty-with-strong-economic-reserves
Cyprus is sitting pretty with a lot of cash in the bank, and it's good news for handling any economic bumps in the road. The government's stash of nearly €2.83 billion can cover a big chunk of its debts due in the next year....
https://knews.kathimerini.com.cy/en/news/new-investment-frontier-opens-for-citizens
Citizens now have access to and can invest in bonds issued by the Republic of Cyprus. In a recent auction by the Public Debt Management Office......
https://knews.kathimerini.com.cy/en/news/incorrect-water-bills-leave-450-premises-fuming-in-paphos
The Municipality of Paphos informs water consumers that it is investigating complaints regarding high water bills.
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https://knews.kathimerini.com.cy/en/news/minister-stands-against-early-fees-for-great-sea-interconnector
Cypriot electricity consumers should not be burdened with a surcharge before the operation of the electricity interconnector linking Greece and Cyprus and the consequent reduction of electricity costs, Minister of Energy, Commerce and Industry George Papanastasiou said on Monday....
https://knews.kathimerini.com.cy/en/news/cyprus-ends-2023-with-€918-7-million-fiscal-surplus
Cyprus's financial report card for 2023 is in, and it's showing some positive signs. According to the Statistical Service of Cyprus, the country ended the year with a fiscal surplus of €918.7 million. That's like having extra money left over after paying all the bills....
https://knews.kathimerini.com.cy/en/news/cyprus-government-under-fire-for-multiple-pension-issue
The ongoing debate over multiple pensions for former and current state officials has taken center stage in Cyprus, with the government facing criticism from political parties and the Audit Office....
https://knews.kathimerini.com.cy/en/news/electricity-bills-to-rise-by-2-5-in-april
An increase of 2.5% is expected in electricity bills for April compared to March. Christina Papadopoulou, the Press Spokeswoman for the Electricity Authority of Cyprus (EAC), explained to...
https://knews.kathimerini.com.cy/en/news/cyprus-faces-electricity-market-struggles-amid-smart-meter-setback
Cyprus faces significant hurdles in its electricity sector, notably in establishing a fair and competitive market. This impacts consumer choice of suppliers and efforts to transition to cleaner energy sources at home....
https://knews.kathimerini.com.cy/en/news/mykonos-faces-tourism-crisis-amid-declining-numbers
Despite promising signs for other parts of the country as regards the number of flights and seat bookings for the 2024 tourism season, Mykonos is seeing a decline in both indices for the second year in a row.
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https://knews.kathimerini.com.cy/en/news/government-mulls-support-extension-amidst-rising-costs
The Council of Ministers convenes on Thursday for an extraordinary session to approve a new package of targeted measures to alleviate pressures from price hikes....
https://knews.kathimerini.com.cy/en/news/finance-minister-unveils-plan-to-end-multiple-pensions-for-mps
The government aims for a complete abolition of multiple pensions for state officials and members of parliament through a proposal encompassing two bills.
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https://knews.kathimerini.com.cy/en/news/zero-emission-buildings-by-2030
In a bid to combat climate change, the European Parliament has approved a plan to make buildings more energy-efficient and eco-friendly. The revised Energy Performance of Buildings Directive,...
https://knews.kathimerini.com.cy/en/news/handmade-100-euro-bills-flood-european-cities
A group of counterfeiters which had been producing 100-euro bills was busted in a joint police operation involving Europol and police forces in four countries, including Greece....
https://knews.kathimerini.com.cy/en/news/ft-judge-denies-trump-s-request-to-delay-$450m-payment
A New York judge has rejected Donald Trump's request to temporarily halt the state's attorney-general from collecting a $450 million judgment while he appeals a civil fraud ruling....
https://knews.kathimerini.com.cy/en/news/800-divorces-annually-35-000-single-parents-and-outdated-benefits
The Human Rights Committee of the Parliament convened today, shedding light on critical issues affecting single-parent families in Cyprus....
https://knews.kathimerini.com.cy/en/news/greek-farmers-descend-on-athens-protesting-economic-hardships
In a demonstration mirroring concerns across Europe, Greek farmers drove tractors into Athens on Tuesday to protest outside parliament, citing issues with rising energy costs, foreign competition, and recent flooding. ...
https://knews.kathimerini.com.cy/en/news/how-does-zero-vat-affect-your-grocery-bills
The Consumer Protection Service is keeping a close eye on how the zero VAT (Value Added Tax) rate impacts prices in stores. They've been checking 88 different products ...
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/electricity-subsidy-extends-to-vulnerable-consumers-until-february-s-end
With its metaphorical ''finger on the trigger,'' the Ministry of Finance is vigilantly tracking the anticipated surges in the current....
https://knews.kathimerini.com.cy/en/news/energy-minister-deliberates-potential-6-electricity-bill-increases
The Energy Minister, George Papanastasiou, addressed concerns about potential electricity bill hikes arising from the EAC's request to CERA to recover 6% of its 2024 expenses....
https://knews.kathimerini.com.cy/en/news/cyprus-unveils-new-e-consultation-platform-for-public-feedback
The Council of Ministers approved Thursday the establishment of a public consultation platform, known as e-consultation, Minister of Finance Makis Keravnos said after the Cabinet meeting....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/government-seeks-€1b-via-emnt-bond-in-2024
Cyprus’ financing needs for 2024 amount to €1.3 billion, largely to be covered by the issuance of a €1 billion EMNT bond, the Finance Ministry’s Public Debt Management Office (PDMO) has said.
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https://knews.kathimerini.com.cy/en/news/eu-struggles-with-hungary-s-blockade-on-ukraine-s-accession-and-funding-release
Efforts to prepare for the summit of the 27 European Union heads of state continued in a tense atmosphere until Friday....
https://knews.kathimerini.com.cy/en/news/critical-battle-looms-as-parliament-debates-foreclosure-legislation
Background consultations are in progress to prepare amendments to the legislative package on divestments, set for submission to the Parliament Plenary on Friday for a vote....
https://knews.kathimerini.com.cy/en/business/electricity-bills-to-drop-by-12-starting-november-1
In a recent announcement, consumers in Cyprus can expect a 12% reduction in their electricity bills starting November 1. ...
https://knews.kathimerini.com.cy/en/business/black-friday-blues-as-hsbc-goes-down-on-biggest-sales-day-of-the-year
On Black Friday, thousands of HSBC customers in the UK reported difficulties accessing mobile banking services, causing disruptions for those seeking to make purchases amidst retailer discounts. Downdetector, a website tracking service, recorded over 4,100 complaints regarding the malfunctioning banking app....
https://knews.kathimerini.com.cy/en/news/dipa-to-slash-red-light-ticket-costs
For what is provided in the bill submitted before the Transport Committee of the House of Representatives to adjust the prices of fines from the fixed cameras, spoke to 'K,' the MP of DIPA, Marinos Mousiuttas....
https://knews.kathimerini.com.cy/en/news/creditors-dispute-foreclosure-laws-and-strategic-defaults
Creditors reluctantly agree to extend the freeze on main residence foreclosures up to €350k, but tensions arise over proposed legislative changes....
