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661. 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....

662. Europe must be prepared for total Russian gas cut-off this winter

The International Energy Agency has warned that Europe must prepare immediately for the complete severance of Russian gas exports this winter, urging governments to take measures to cut demand and keep aging nuclear power stations open....

663. Cabinet approves creation of facilities on Cyprus motorways

The Cabinet approved on Tuesday a plan to create public sanitary spaces and recharge stations on Cyprus motorways, according to a written statement by Deputy Government Spokesperson, Niovi Parisinou....

664. Big disparity of fuel prices on the island

The highest price for Diesel has reached €1.999 in Cyprus, according to the Consumer Protection Service's Fuel Retail Price Observatory. ...

665. Central banks across Europe jack up interest rates to fight inflation

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits....

666. US Fed raises interest rates by .75%, largest hike in 30 years

The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....

667. The dilemmas of war and pandemic

Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely. ...

668. The 15 branches of Bank of Cyprus that are closing

The restructuring plan will go ahead by July 4 - There will be 60 left while it will also reduce ATMs...

669. Why are we all working so hard?

The idea that technology can liberate us from the drudgery of work is a powerful one. It has also been a powerful disappointment, at least so far....

670. Cost of living crisis pushing people to become Airbnb hosts

A recent study by Airbnb conducted with more than 70,000 EU hosts and guests reveals for the first time that the cost-of-living crisis is pushing people to become hosts on Airbnb....

671. Government to grant one-time subsidy for children's tuition

During last week's cabinet meeting, the council of Ministers decided to impose measures to help mitigate inflationary pressures on the general population. ...

672. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of Q1 2022

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q1 2022...

673. An increase of 50% in subsidies for roof thermal insulation and photovoltaic systems

With a budget increased by 40%, and a potential to increase even further and with increased grants by 50%, the Grant Scheme for thermal insulation on roofs and installation of photovoltaic systems in houses was announced by the Ministry of Energy, Commerce and Industry during a web conference, on Tuesday....

674. 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....

675. Cyprus justice system ranked worst in EU

The performance of the Cyprus justice system, based on the time it takes to complete court cases, places it at the bottom of the list compared with other European Union member states....

676. Bank of Cyprus posts net profit of €21 million in Q1

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....

677. Bank of Cyprus to reduce its employees by 500 in 2022

678. Thousands of Britain's 'fish and chip' shops could close within a year

The United Kingdom's fish-and-chip shops are under severe strain as the prices of key ingredients — including cod and cooking oil — soar as a result of the Russian assault on Ukraine....

679. Petrides: 'Things will be difficult in the coming years'

The government will continue supporting households, especially the vulnerable, amid rising inflation, Finance Minister Constantinos Petrides said, warning that tackling inflation is difficult due to its structural nature amid the Ukrainian crisis....

680. Nouris: 'We have reached the point where migrants call the police and ask to be picked up'

In a bill submitted to Parliament, the Ministry of Justice and the Ministry of Interior are requesting the recruitment of 300 special police officers with a contract of up to 28 months to monitor the green line and conduct other tasks relating to the increased migration flow into the Republic of Cyprus....

681. US Diplomat: 'It would be political suicide if Putin withdraws'

An interminable and unwinnable war in Europe? That’s what NATO leaders fear and are bracing for as Russia’s war in Ukraine grinds into its third month with little sign of a decisive military victory for either side and no resolution in sight....

682. Price hike of raw materials affecting developers and construction costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....

683. Frozen 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....

684. Spread of COVID baffles locked-down Shanghai residents

The cases underscore how difficult it is to stop the spread of the highly transmissible Omicron variant as China clings to its zero-COVID policy, perpetuating a cycle of lockdowns, as well as bafflement, anguish and anger....

685. Cyprus and EU economies facing a 'twin problem' following the war in Ukraine

The EU and Cyprus economies are facing a “twin problem” of rising commodity and energy prices and heightened uncertainty following the invasion of Russia in Ukraine, according to discussions held by the Nicosia Chamber of Commerce and Industry and the European Investment Bank (EIB)....

686. Cashing in: No payment problems for Russian tourists in Turkey

Turkey is trying to attract more Russian tourists by expanding the usage of the Russian Mir payment system in Turkey as it seeks to bypass the payment bottleneck created by Western sanctions....

687. Discord takes hold in front against Russian oil

Nicosia has been defending its stance towards sanctions against Moscow on the basis of principles and European unity, but lack of consensus for the bloc to seek a collective ban on Russian oil supplies has made cracks in the united front appear larger...

688. Nicosia drops hint at ferry link this summer

The Shipping Deputy Ministry in the Republic of Cyprus says a successful bidder for a state-subsidized ferry link to Greece has been asked to submit a proposal, with reports saying a summer connection could be launched this year...

689. Op-ed: Inflation welcomes 'Generation Z'

Inflation is the rate at which prices rise, which means that we need more money to buy the same product or service. Consequently, if your salary stays the same, then your purchasing power will decrease, as you will be able to buy fewer goods and services....

690. A deal ‘everybody will hate’ to end the war in Ukraine

The most likely solution that will bring an end to the war in Ukraine is an agreement that “everybody will hate,” James Stavridis, NATO’s Greek-American former commander for Europe tells Kathimerini....