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1. 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....

2. Finance Ministry to shield vulnerable homes from price hikes

The forthcoming measures are set to target specific areas, not just spread thinly across the board, in the fight against rising prices....

3. Business loans drop, home loans steady

The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....

4. Cyprus economy holds steady amid challenges

Canadian credit rating agency DBRS Ratings GmbH (Morningstar DBRS) has affirmed the Republic of Cyprus's long-term ratings, maintaining it at BBB (high) with a stable economic outlook. ...

5. Cyprus' economic resilience earns high credit rating confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

6. Cyprus ends fuel tax break, prices set to spike from April 1st

Starting April 1st, the reduced consumption tax on fuels (95-octane gasoline and diesel) will come to an end, reverting to 8.3 cents per liter for gasoline and 6.3 cents per liter for heating oil....

7. Seven out of ten students can get drugs in a day

A recent revelation has sparked concern among authorities in Cyprus as reports indicate that 7-8 out of 10 Cypriot students find it alarmingly easy to obtain drugs, including cannabis, within a mere 24-hour timeframe....

8. Methamphetamine use in Cyprus under scrutiny

A pan-european Wastewater Analysis Survey shows that there is a significant use of methamphetamine in Cyprus, but there are lower levels of use than the European average for other substances. ...

9. 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,...

10. Future ships to navigate seas without crews

In what seems like a scene from science fiction, the future of ocean exploration is unfolding before our eyes....

11. Over 400,000 songbirds killed in Cyprus and sold for delicacy

A recent report reveals a disturbing surge in wildlife crime in Cyprus, where over 400,000 songbirds were trapped and killed last autumn....

12. EU mulls tax breaks for islands nations on aviation fuel

European Union nations are in talks to grant exemptions for a proposed EU-wide tax on aviation fuel, particularly favoring islands. A draft document from Belgium,...

13. Cyprus and Greece forge alliance against potato fraud

Agriculture Minister Maria Panayiotou has requested the assistance of the Greek authorities to address the issue of potatoes from different countries being sold as Cypriot potatoes......

14. Germany legalizes limited cannabis use, joining global trend

Germany passed a law on Friday legalizing the cultivation and possession of limited amounts of cannabis, joining a small group of countries and jurisdictions that have taken similar steps....

15. Cyprus economy 2024: Ktrends reveals challenges and successes

Delving into the latest findings from the 6th wave of ''Ktrends'' research by ''Kathimerini'' newspaper unveils a multifaceted picture of Cyprus's economic landscape in January 2024. ...

16. 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....

17. 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....

18. Curbing food waste for a greener tomorrow

Food waste poses a pressing issue requiring attention, contributing to uncontrolled food production and straining natural resources. Humans, as the predominant species on the planet, occupy a significant portion of land for food production....

19. Cyprus celebrates completion of €6.6M solar project in 405 schools

With a total expenditure of €6.6 million, the project to install Photovoltaic Systems in 405 school buildings in Cyprus was completed, offering significant energy......

20. Macan sets new standards: the first all-electric SUV from Porsche

21. Government's €6.6M solar project powers education sustainably

In a significant leap towards sustainability, Cyprus has successfully concluded a €6.6 million project, installing photovoltaic systems in 405 school buildings. ...

22. Ministry's bold steps for energy renovation unveiled

The Ministry of Energy, Commerce and Industry proceeds with the preparation of standard procedures for the announcement and implementation of energy renovation projects....

23. Cyprus secures €40M boost for green energy storage

The Republic of Cyprus has secured €40 million from the Just Transition Fund for energy storage facilities, addressing the inflexibility of its electricity system in storing excess energy from renewables....

24. Putin's move puts UK fish and chips at risk

In a potential crisis for fish and chip enthusiasts, Vladimir Putin's Russian government contemplates scrapping a long-standing agreement with the UK, raising concerns of food weaponization....

25. How the consumer pocket faces a perfect economic storm

The uncertainty and the intense upheavals in the global supply chain continue....

26. Cyprus cheers as beer sales bubble up in 2023

In a frothy turn of events, Cyprus witnessed a 1.5% surge in total beer sales last year, with a notable 9% boost in exports....

27. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

28. Houthi strikes send prices soaring in global trade

In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....

29. Cypriot scientist revolutionizes agriculture with soil-free crop growth

Growing crops without soil may sound like a contradiction, but for the research team "Eplants" (Electronic Plants) at Linköping University, Sweden, led by Associate Professor Eleni Stavrinidou, it is not only possible, but also groundbreaking....

30. Government's 'Photovoltaics for All' plan sparks debate on eligibility and funding

The Government Grant Scheme for transitioning citizens to renewable energy sources and promoting energy-saving initiatives in homes for the period 2024-2025 is currently open for public consultation until January 19, 2024. ...