https://knews.kathimerini.com.cy/en/business/cbc-lowers-gdp-growth-projections-for-2023-and-2024
The Central Bank of Cyprus has revised its growth projections for 2023 and 2024. They now expect GDP growth to be 2.4% in 2023 and 2.7% in 2024, down from their previous forecasts of 2.6% and 2.8%. This is due to Western sanctions against Russia and the fragile external environment affecting professional and non-tourism services....
https://knews.kathimerini.com.cy/en/news/cyprus-champions-eu-s-innovative-auto-rules
Cyprus supported the compromise proposal put forward by the Spanish Presidency of the EU Council on the proposed Euro 7 regulation, during a meeting of the EU Competitiveness Council in Brussels, on Monday, with the permanent secretary of the Ministry of Energy, Marios Panayides, stressing that the new rules should protect human health while ensuring the competitiveness of the automotive industry....
https://knews.kathimerini.com.cy/en/news/construction-of-petrol-storage-terminal-must-be-a-priority-says-energy-minister
The construction of a petroleum products storage terminal with a completion date of 2025 is considered a project of exceptional importance with regard to Cyprus' strategic energy autonomy, Minister of Energy, Commerce and Industry, George Papanastasiou, ...
https://knews.kathimerini.com.cy/en/business/how-high-is-too-high-before-tax-relief-kicks-in
Diesel prices have dipped by nine cents per liter at gas stations compared to late August, while unleaded 95-octane petrol is now six cents cheaper....
https://knews.kathimerini.com.cy/en/news/cyprus-photovoltaics-for-all-cuts-electricity-costs-by-50
In a bold move to expedite the transition to green energy, the Ministry of Energy is gearing up to unveil a groundbreaking solar energy production initiative that promises to reshape the balance between conventional and green energy sources....
https://knews.kathimerini.com.cy/en/news/turkey-and-israel-forge-energy-partnership-mend-ties
Turkey and Israel will soon begin taking joint steps in energy drilling, President Tayyip Erdogan was cited by Turkish media as saying on Thursday, adding the two countries would also operate energy networks to Europe through Turkey....
https://knews.kathimerini.com.cy/en/news/cyprus-and-chevron-unite-for-aphrodite-gas-field
The Cyprus government and Chevron International reaffirmed on Wednesday that the development of Aphrodite gas field, located in the country's Exclusive Economic Zone (EEZ), is of "strategic importance."...
https://knews.kathimerini.com.cy/en/news/e-kalathi-bill-sparks-debate-in-parliament
During yesterday's session of the Parliamentary Committee on energy and trade, the debate shed light on a crucial aspect of the E-kalathi bill. It became evident that there are lingering disagreements among stakeholders and the majority of MPs on this issue. ...
https://knews.kathimerini.com.cy/en/business/ministry-on-high-alert-as-fuel-prices-soar-globally
Constantinos Karagiorgis, Director of the Consumer Protection Service at the Ministry of Commerce, Energy, and Industry, has noted a concerning and continuous rise in fuel prices on the international stage. ...
https://knews.kathimerini.com.cy/en/business/consumers-revolt-as-rising-prices-trigger-surge-in-complaints
In recent months, the Pancyprian Consumers Association has been inundated with consumer complaints, particularly following the reinstatement of excise duty on fuel and the termination of electricity subsidies. ...
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-skyrockets-to-3-1-in-august
The annual inflation rate in Cyprus saw a rise to 3.1% in August 2023, up from 2.4% in July....
https://knews.kathimerini.com.cy/en/news/erdogan-and-netanyahu-forge-meeting-at-un-general-assembly
In a historic turn of events, Turkish President Tayyip Erdogan and Israeli Prime Minister Benjamin Netanyahu met in person for the first time on Tuesday, marking a crucial milestone in the ongoing effort to mend strained relations between the two nations....
https://knews.kathimerini.com.cy/en/business/ey-achieves-record-global-revenue-of-nearly-$50-billion
EY reports record global revenue results of just under US$50b...
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-gas-dilemma-deepens
While Netanyahu's recent visit to Cyprus generated considerable attention, it's apparent that promises of cooperation in the Eastern Mediterranean have yet to materialize. ...
https://knews.kathimerini.com.cy/en/news/from-entrance-fees-to-gastroscopy-checks-is-this-the-solution
Former Finance Minister Constantinos Petrides has commented on EDEK's proposals to tighten fuel controls for vehicles from the occupied territories....
https://knews.kathimerini.com.cy/en/news/oregon-s-magic-mushroom-trials-draw-thousands
Psilocybin tea, wind chimes and a tie-dye mattress await those coming to an office suite in Eugene to trip on magic mushrooms....
https://knews.kathimerini.com.cy/en/business/ecb-raises-rates-for-the-10th-time-as-it-tries-to-quell-inflation
The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy....
https://knews.kathimerini.com.cy/en/news/putin-and-erdogan-s-plan-for-turning-turkey-into-an-energy-hub-stalls
A joint endeavor between Putin and Erdogan to transform Turkey into a crucial conduit for Russian gas to Europe appears to have hit a roadblock, according to sources cited by Reuters....
https://knews.kathimerini.com.cy/en/news/fuel-prices-surge-electricity-rates-hold-steady
Fuel prices are set to rise by 2-2.5 cents per liter for diesel and slightly less for unleaded gasoline, effective today at petrol stations....
https://knews.kathimerini.com.cy/en/news/cyprus-cocktail-fest-and-n-ice-ice-cubes-shake-things-up
In a significant collaboration, the Cyprus Cocktail Festival, a prominent component of the Digital Agenda Cyprus Summit, has teamed up with "N-ice" ice cubes from the Papafilippou Group....
https://knews.kathimerini.com.cy/en/business/fattal-group-acquires-yet-another-holiday-property-in-cyprus
The facelift at Elias Latsi Holiday Village Resort is progressing smoothly, thanks to the recent positive response from the Environmental Authority....
https://knews.kathimerini.com.cy/en/comment/opinion/are-dairy-products-the-new-focus-for-israel-cyprus-relations
If someone hadn't followed the Israeli Prime Minister's past statements about EastMed and the LNG terminal in Cyprus and didn't know that energy was the main topic in the previous eight meetings, they might have thought that the leaders of Cyprus, Greece, and Israel had more pressing matters during the 9th trilateral meeting in Nicosia. ...
https://knews.kathimerini.com.cy/en/news/cyprus-israel-energy-cooperation-thrives-despite-regional-tensions
Since 2014, the Trilateral-Greece-Cyprus-Israel cooperation, with Prime Ministers Kyriakos Mitsotakis and Benjamin Netanyahu, was completed in Nicosia....
https://knews.kathimerini.com.cy/en/business/cyprus-boosts-energy-sector-with-€104m-revamp
The Republic of Cyprus has submitted a revised Recovery and Resilience Plan to the European Commission, incorporating the REPower EU chapter with an additional allocation of €104 million....
https://knews.kathimerini.com.cy/en/news/cyprus-greece-israel-trilateral-meeting-ends-on-high-note
The Cyprus-Greece-Israel trilateral meeting led by Nicos Christodoulides, Kyriakos Mitsotakis, and Benjamin Netanyahu has successfully concluded its discussions....
https://knews.kathimerini.com.cy/en/news/former-finance-minister-continues-to-question-euroasia-project
Former Finance Minister Constantinos Petrides has returned to the issue of the Eurasia Interconnector, expressing concerns and raising important questions. In a post on the "X" platform, he highlighted the need for transparency and clarity surrounding this significant and costly project....
https://knews.kathimerini.com.cy/en/news/fueling-futures-scholarships-in-energy-studies-await
Following the Ministry of Energy, Commerce, and Industry's announcement regarding scholarships for studies related to Hydrocarbons (Natural Gas and Oil), Renewable Energy Sources (RES), and Energy Transition,...
https://knews.kathimerini.com.cy/en/news/cyprus-greece-israel-summit-set-on-sept-4th-in-nicosia
The trilateral summit between Cyprus, Greece and Israel will be held on Monday, 4 September in Nicosia with the participation of the leaders from the three countries....
https://knews.kathimerini.com.cy/en/news/akel-s-bold-demand-tax-bank-profits-to-power-people-s-pockets
The AKEL political party is urging the government to take immediate action to alleviate the financial strain on Cypriot households by taxing banks' surplus profits and redirecting the funds towards fuel and electricity subsidies....
https://knews.kathimerini.com.cy/en/news/china-s-$10-trillion-hidden-debt
For some time now, markets have been buffeted almost on a daily basis by gloomy economic news filtering out of China....
