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1291. 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....

1292. 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...

1293. Cypriot businesses face serious issues, but still expect to turn a profit

What are the main problems for Cypriot businesses (table) ...

1294. Why EVs are a flop in Cyprus … so far

It's only a 150-kilometer drive across Cyprus; well below how far an average electric vehicle can drive on a single charge. Range anxiety — a major barrier in the shift to EVs — shouldn't be a thing....

1295. Candidates concerned over higher rents facing undergraduates

Parties and candidates on Monday continued their activities, ahead of the February 2023 presidential elections, with issues such as digital transformation, labor relations, the Cyprus problem and benefits for undergraduate students who face difficulties renting student halls, topping the agenda....

1296. EU flip flops on Russian coal after Cyprus cries foul

The shipping industry in the Republic of Cyprus can breathe a sigh of relief after the European Commission eased sanctions against Russian coal, following objection from Nicosia that saw stricter guidelines as a direct blow to its competitive advantage...

1297. Reduced excise tax on fuel extended until mid-January

The Cyprus government extended the reduced excise duties on fuel until 15 January 2023 on Friday, in a bid to alleviate the effects of soaring inflation fuelled by the war in Ukraine, with the Finance Minister calling on Households and businesses to save energy as fiscal measures cannot tackle the problem of price hikes in its entirety....

1298. Third annual Comulis conference highlighted correlative imaging methods

Following the successful COMULIS Conferences in Austria and Sweden, The Cyprus Institute (CyI) hosted the 3rd Annual Conference of the COMULIS COST Action (Correlated Multimodal Imaging in Life Sciences; https://www.comulis.eu),...

1299. Ryanair says low-cost travel now in the past

The previously known ultra-low-cost flag carrier, Ryanair, has announced it will increase ticket prices to Austria moderately, mainly due to inflation....

1300. Will the riots in Iran be the catalyst for an uprising?

Riots erupted during the funeral of 22-year-old Mahsa Amini in Iran. Amini died under dubious circumstances last Friday after being arrested by the country's morality police....

1301. Europe's vegetable farmers warn of shortages as energy crisis bites

Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required to freeze the harvested bulbs....

1302. Self check-in and robots - the future of tourism in Cyprus

1303. Reuters: 'escape' flights from Russia skyrocket after military draft begins

A sharp rise in internet searches and the purchase of tickets for flights "fleeing" from Russia is reported by Reuters, in the wake of the partial conscription announced by Vladimir Putin, seven months after the invasion of Ukraine....

1304. Europe flights disrupted by French air traffic controller strike

European flights faced widespread disruption on Friday as a French air traffic controllers' strike forced airlines to cancel half of those scheduled to arrive or depart Paris airports and others due to having to fly over France....

1305. Greece is enticing northern EU retirees with its 'easier winters'

Northern pensioners who want to afford this winter more easily with a significantly lower financial burden can now travel to Greece, according to the Greek Minister of Tourism, Vasilis Kikilias....

1306. Princeton University is now free for families making under $100,000

The considerable cost of attending one of the top American universities will now be covered for students whose parents earn less than $100,000 per year....

1307. 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. ...

1308. Cyprus ranks 9th highest in EU in terms of minimum wage

Cyprus is among the top nine EU countries that enforce a national minimum wage (NMW), says the Ministry of Finance, which notes that currently, 22 member states have institutionalized the minimum amount of remuneration for workers....

1309. Public hospitals to be fully computerized in 24 months

Deputy Minister of Research, Innovation and Digital Policy Kyriacos Kokkinos announced on Monday that in 24 months, the computerization of public hospitals will be completed through the integrated health information system, the contract of which was signed at the Presidential Palace....

1310. Cypriot airlines dismiss rumors after Bloomberg article

Airlines operating out of the Republic of Cyprus reportedly have denied rumors that they could be going under, following trouble with Romanian Blue Air and a Bloomberg report warning about the island’s two carriers...

1311. Liz Truss to freeze energy bills for households

British Prime Minister Liz Truss plans to freeze household energy bills at their current level for this winter and the next, paid for by government-backed loans to energy suppliers, the BBC reported Tuesday....

1312. Bicycle subsidy platform now open for new applications

The Department for Transport, Communications and Works announces the opening of applications for the revised Bicycle Purchase Grant Scheme for 2022 - 2023....

1313. Euro-dollar exchange falls to a 20-year low

The escalation of the energy crisis with Moscow's aggressive, albeit predictable, decision to close the Nord Stream 1 pipeline indefinitely has led to a new fall in the euro, this time below 99 cents on the dollar....

1314. Liz Truss becomes Britain new PM after Johnson fallout

Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle the deepening energy and cost of living crisis....

1315. Cheaper electricity in September - How much will you pay?

The issue of electricity pricing is at the top of every household's agenda, especially with galloping inflation and the increase in fuel prices, making it a big hurdle for many. Despite this, things seem to be encouraging as far as September is concerned as bill pricing is expected to be reduced....

1316. Ryanair blames 'lack of incentives' for closing its Athens hub

The intense competition in the domestic market, which started to shrink Ryanair’s share, is the reason why it decided to close its base in Athens this winter....

1317. Bank of Cyprus announces €50m net profit in first half of 2022

Bank of Cyprus announced a profit after tax amounting to €50 million for the first half of 2022, setting its sights on dividend distribution in 2023, for the first time since 2011, depending on market conditions and regulatory approvals....

1318. Photovoltaic systems are increasing in popularity in Cyprus

With inflated electricity prices hitting households and businesses, the installation of photovoltaic systems, or solar panels, comes as an attractive solution for more and more consumers....

1319. College students scramble for affordable housing

Universities in the Republic of Cyprus are in the hunt for off-campus affordable housing solutions in a tough post-pandemic market, following reports that many students are resorting to nearby abodes both north and south of the divide line...

1320. What is causing the unexpected drop in global food prices?

Six months after Russia's invasion of Ukraine, the inflationary shock is still causing a "headache" for markets, government staff and households, with the price of natural gas hitting new record levels yesterday....