https://knews.kathimerini.com.cy/en/news/fuel-prices-plummet-while-food-costs-soar
Liquid fuels experienced the most significant annual percentage decline in June, dropping by 27.2%. Contributing to a 1.9% inflation squeeze, the lowest point in 25 months, was a 25.6% annual decline in oil prices....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-at-1-9
Inflation in Cyprus reached its lowest level in 25 months in June 2023 and stood at 1.9% on an annual basis, mainly due to the decline in food prices....
https://knews.kathimerini.com.cy/en/news/cyprus-commits-to-eu-s-greenhouse-gas-emission-targets
The participation of Cyprus in the ambitious climate target set by the European Commission for at least a 55% reduction in greenhouse gas emissions by 2030, based on the new package of European legislation Fit For 55, includes further emissions reductions in all sectors....
https://knews.kathimerini.com.cy/en/news/urgent-call-to-liberalize-electricity-market
Mr. Neophytou attended the Annual General Assembly of the Electricity Market Association (EMA) on Thursday, June 29th, and delivered a greeting. ...
https://knews.kathimerini.com.cy/en/news/cabinet-pulls-plug-on-fuel-subsidies
Temporary fuel state subsidies are set to expire before the weekend in the Republic of Cyprus, after the finance minister announced an extension could not be justified...
https://knews.kathimerini.com.cy/en/news/cyprus-receives-funding-for-nicosia-motorway
The European Commission has announced a significant investment of €6.2 billion to co-finance 107 infrastructure projects aimed at promoting sustainable, safe, and efficient transport throughout the EU....
https://knews.kathimerini.com.cy/en/news/excess-renewable-energy-poses-challenges-for-cyprus
There is an excess production from renewable energy sources that could be extracted, stated the spokesperson of the Cyprus Transmission System Operator (TSO) to CNA....
https://knews.kathimerini.com.cy/en/news/police-combat-apartment-power-theft-in-paphos
The Paphos Police conducted a successful operation on Wednesday, resulting in the arrest of three individuals involved in electricity theft....
https://knews.kathimerini.com.cy/en/news/understanding-price-levels-in-cyprus-and-how-they-compare-to-the-eu-average
According to the latest data from Eurostat, the statistical service of the European Union, the price levels for household expenses in Cyprus were 91% of the EU average in 2022....
https://knews.kathimerini.com.cy/en/news/cyprus-changes-tack-with-plan-for-gas-link-to-israel
Cyprus hopes to develop plans for a pipeline linking it to Israel's east Mediterranean gas fields during talks which start next month, the island's top energy official told Reuters...
https://knews.kathimerini.com.cy/en/news/president-christodoulides-unveils-government-s-100-day-report-card
During a press conference held today, President Christodoulides provided insights into the state of the government after his first 100 days in office and responded to various questions from journalists....
https://knews.kathimerini.com.cy/en/news/temporary-vat-reduction-on-essentials-estimated-at-€14-5-million
In the upcoming days, most likely early next week, a clearer picture is expected to emerge regarding the government's course of action on the reduced Value Added Tax (VAT) rate for fuel and electricity....
https://knews.kathimerini.com.cy/en/news/cyprus-struggles-with-renewable-energy-and-storage-gap
Only 15% of Cyprus' total energy production comes from Renewable Energy Sources (RES), highlighting the country's significant lag in this sector....
https://knews.kathimerini.com.cy/en/news/government-ends-tax-break-fuel-and-electricity-prices-to-rise
The Director General of the Ministry of Finance, Michalis Pantelis, has expressed the government's intention to end the measure of reducing excise tax on fuel and electricity....
https://knews.kathimerini.com.cy/en/news/anticipating-the-arrival-of-natural-gas-in-cyprus
After attending a workshop on energy issues in Nicosia and engaging in meetings with stakeholders in the UK, George Papanastasiou, the Minister of Energy, Trade, and Industry, is now embarking on a two-day working visit to Israel. ...
https://knews.kathimerini.com.cy/en/news/erdogan-calls-on-greek-cypriots-to-face-reality
Turkish President Recep Tayyip Erdogan has called on Greek Cypriots to face reality, vowing during a Monday visit to north Cyprus that Turkish Cypriots will never be a minority on the island and calling for equal status before any talks take place...
https://knews.kathimerini.com.cy/en/news/deaths-confirmed-after-kherson-dam-collapse
Rescue teams have been working round the clock in Kherson and the surrounding districts searching for survivors stranded by the flooding....
https://knews.kathimerini.com.cy/en/news/finmin-underlines-the-importance-of-disciplined-policy
The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....
https://knews.kathimerini.com.cy/en/news/wasted-potential-cyprus-grapples-with-renewable-energy-storage-challenges
The Parliamentary Trade Committee of the House of Representatives examined the issue of the absence of renewable electricity storage systems, which leads to the rejection of significant power generation. ...
https://knews.kathimerini.com.cy/en/news/imf-says-cyprus-untouched-by-war-fallout
The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...
https://knews.kathimerini.com.cy/en/comment/opinion/overcoming-obstacles-in-cyprus-green-transition
Undoubtedly, the fact that it no longer requires a building permit as a prerequisite for installing a photovoltaic system on residential roofs could be characterized as a positive development in our long-standing effort to turn towards green development....
https://knews.kathimerini.com.cy/en/news/cyprus-emerges-as-top-beneficiary-of-eib-support-in-europe
The European Investment Bank (EIB) President, Werner Hoyer, announced that Cyprus remains the largest beneficiary of EIB support per capita in Europe....
https://knews.kathimerini.com.cy/en/news/california-electricity-bills-based-on-your-paycheck
Most of the time, what you pay for electricity or water or gas depends on how much you use. Leave the air conditioner and the lights on all night, and your electricity bill will spike. Take long, relaxing bubble baths every day, and your water bill will climb....
https://knews.kathimerini.com.cy/en/news/cyprus-gdp-soars-3-4-growth-in-q1-2023
Gross Domestic Product (GDP) in the first quarter of the year reached 6.2 billion euros, marking a 3.4% annual increase....
https://knews.kathimerini.com.cy/en/news/child-deaths-in-khartoum-orphanage-amid-sudan-conflict
At least 60 infants, toddlers, and older children perished over the past six weeks while trapped in harrowing conditions in an orphanage in Sudan’s capital as fighting raged outside....
https://knews.kathimerini.com.cy/en/news/christodoulides-attends-2nd-european-political-community-summit-in-moldova
Maintaining a stable and secure environment in the Eastern Mediterranean remains of the utmost strategic importance, President Nikos Christodoulides said Thursday, addressing the 2nd European Political Community Summit taking place in Chisinau, Moldova....
https://knews.kathimerini.com.cy/en/news/aphrodite-emerges-from-sea-but-behind-closed-doors
NewMed Energy, one of the partners in 'Aphrodite' hydrocarbons field, listed on the Tel Aviv Stock Exchange, will officially announce the delivery of the modified development and production plan of the block on Wednesday, Cyprus Energy Minister George Papanastasiou told the Cyprus News Agency...
https://knews.kathimerini.com.cy/en/news/natural-gas-a-priority-for-affordable-electricity-generation
The Cyprus Chamber of Commerce and Industry (CCCI) agrees with the government's priority to bring natural gas το Cyprus, in order to produce cheap electricity, said CCCI President Christodoulos Angastiniotis, after a meeting held between CCCI and President of the Republic, Nikos Christodoulides, on Tuesday....
https://knews.kathimerini.com.cy/en/comment/opinion/corruption-on-the-island-of-saints
The millions - some say billions - that we lost as a state due to the corruption of various officials are not enough. Now we will have to pay additional funds to bring in "esteemed legal experts" from abroad - specifically from Great Britain - to assist in the investigations. Clearly, we are rapidly heading back to an era where corruption was limited, somewhere around 1950....
https://knews.kathimerini.com.cy/en/comment/opinion/is-there-an-energy-plan-or-isn-t-there
When in 2011 Cyprus discovered natural gas in "Aphrodite," the discussion about geopolitical upgrading was so intense that it led to the creation... of a movie titled "Block 12" and the establishment of specialized studies in oil & gas....
