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691. Finance Ministry increases 2022 inflation estimate to 4%

The Ministry of Finance has revised an initial 2022 inflation estimate of 1.5% to 4% due to the rise in petrol prices in the midst of the crisis in Ukraine....

692. Volkswagen gets a lot of buzz premiering their new electric throwback bus – the ID. Buzz (images)

Volkswagen unveiled their new ID. Buzz in Hamburg, calling it “Europe’s first all-electric bus”....

693. Anastasiades: 'Turkey’s non-alignment with EU’s sanctions on Russia is problematic'

President of Cyprus Nicos Anastasiades underlined the role that Cyprus can play in providing the European Union with energy and the problematic fact that Turkey has not aligned itself with the EU’s sanctions against Russia after the invasion of Ukraine...

694. 'Show this to Putin', a doctor in Mariupol says after the death of 18 month old Kirill

A man dashes into a hospital with a desperately wounded toddler in his arms, the child’s mother on his heels. Doctors use smartphone torches to examine patients’ wounds....

695. Fears of potential nuclear disaster at Europe's largest nuclear power plant

Russian forces seized the largest nuclear power plant in Europe after a building at the complex was set ablaze during intense fighting with Ukrainian defenders, Ukrainian authorities said on Friday....

696. Exports of halloumi, medicine and other local products to the UAE

The enhancement of trade relations between Cyprus and the UAE, was discussed on Wednesday in Dubai, during a meeting between Cyprus Energy, Commerce, and Industry Minister, Natasa Pilides, and UAE Minister of State for Foreign Trade Thani Ahmad Al Zeyoudi....

697. Cost of consumer goods and services climbs to the highest level in the last thirteen years

Cyprus’ Harmonized Index of Consumer Prices in January 2022 increased by an annual 5%, climbing to the highest level of the last 13 years, mainly pushed by prices increases in energy and transport....

698. Vehicle charging stations installed at Nicosia Mall

Two electric car charging stations have been installed in the outdoor parking lot of the Nicosia Mall. The service will be provided free of charge to visitors for the whole of 2022. ...

699. Subsidies worth €158 million for households and businesses to be doled out in 2022

Grant schemes, worth €158 million, will be made available in 2022, Minister of Energy, Trade and Industry Natasa Pilides announced during an online workshop, on Wednesday, 16 February....

700. Turkish opposition leader refuses to pay power bill in protest

Turkey’s main opposition leader said he will not pay his power bills until Tayyip Erdogan withdraws recent price hikes, and the president’s ruling party slammed the move on Thursday as a provocation amid growing discontent over surging inflation....

701. PEO concerned about increase in fuel and basic consumer products

The Pancyprian Federation of Labor (PEO) has expressed its concern about the continuous upward trend in fuel prices, which, as it notes, "will add to the cost of basic consumer products"....

702. Electrical failure not ruled out in deadly fire

Fire fighters who responded to a fire in a village in Nicosia district discovered the body of a man inside a mobile home, with sources pointing to a suspected electrical failure around the building...

703. Inflation in Cyprus spikes to an annual 5.4% in January

January 2022 recorded a spike in Cyprus inflation, rising to 5.4%. At the same time, the Consumer Price Index (CPI) decreased by 0.53 units falling to 104.57, compared to 105.10 in December 2021, according to the Statistical Service of the Republic of Cyprus....

704. EuroAsia secures EU funds for Cyprus but Israel left out

Cypriot Energy Minister Natasa Pilides has welcomed the approval the approval of EU funds for the EuroAsia Interconnector, but the money is not enough for the submarine cable to reach Israel...

705. Flying car cleared for takeoff, but you'll need a pilot's license (video)

A car that can transform into a small aircraft has passed flights tests with flying colors in Slovakia, developers say....

706. Op-ed: The EastMed project and dilemmas over energy strategy

The unprecedented energy crisis unfolding in Europe is a result of the European Union’s stubborn and one-sided preoccupation with the Green Deal (which is important in its own right). ...

707. 'US position on EastMed project has no political aspect', -Erika Olsen [VIDEO]

US Deputy Assistant Secretary of State for European and Eurasian Affairs, Erika Olson, has told the Cyprus News Agency (CNA) that there is no political aspect in the US position on the EastMed pipeline project, adding that her country favors projects that will enable the clean energy transition and connect energy markets in the Eastern Mediterranean....

708. The Cypriot electricity market is opening

Cypriot President Nicos Anastasiades is satisfied with the timetable as regards the opening of the competitive electricity market, set to launch in the fall of 2022, according to a written statement by deputy government spokesperson Niovi Parisinou....

709. Severe weather brings snow to Athens, Greek islands

A severe weather front has hit Greece, with below-freezing temperatures and snowfall in many parts of the country, including the capital Athens and many Aegean islands....

710. Modernization of EAC and more independent energy providers, says Anastasiades

Cyprus President Nicos Anastasiades said on Thursday that the government will provide all necessary tools to allow the Electricity Authority of Cyprus (EAC) to modernize its operation, as well as to encourage even more independent energy providers to operate in the Cypriot market....

711. Op-ed: Beyond the EastMed pipeline

The US decision to shift its focus from the EastMed gas pipeline to regional electricity interconnectors is an opportunity for Greece. The pipeline has always been a long shot, and the case for pursuing it may have run its course. Greece now has a chance to reframe the dialogue around energy and climate change in the region, and it should seize it....

712. ETYFA PROMETHEAS: Full Steam Ahead

Works on the ETYFA Flagship project which will supply clean natural gas to Vassilikos Power Station continue unabated in spite of the terrible global situation as a result of the Covid 19 Pandemic....

713. Washington bows out of East Med gas pipeline

Washington implicitly clarified in a statement on Monday that it did not support an ambitious East Med gas pipeline project, following a Twitter storm sparked by Greek media reports on a non-paper expressing American reservations about the plan...

714. State Department affirms commitment to 3+1 mechanism of EastMed natural gas project

Following reports of US reservations over the financial and environmental sustainability of the EastMed natural gas pipeline project, a State Department spokesman has affirmed Washington’s commitment to the 3+1 regional alliance scheme (Cyprus, Greece, Israel plus the US), while emphasizing that Europe’s energy independence is a key national security issue....

715. Huge uptake in Cyprus for electric cars

Cyprus’ Ministry of Transport has received more than 4,600 applications by private citizens and transportation professionals hoping to acquire an electric vehicle that is subsidized by the state, the government has announced....

716. What's left for the Turkish Cypriot economy after 2021

Shortly before the pandemic began, Turks and foreign analysts warned of the effects of the Erdogan government's wrong moves and decisions on the economy....

717. Electricity is supplied from the free areas to the occupied areas

718. Financial turmoil hits Turkish Cypriots

Serious side effects from the lira's plunge–Basic food products are becoming more expensive ...

719. Blackouts in the occupied area last night

General blackouts in all the occupied areas were reported by the Turkish media on Tuesday night....

720. The new investment game

Accelerating the transition to a green economy is a no-brainer. It is no coincidence that it accounts for 36.3% of the total budget of the Recovery and Sustainability Plan...