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1051. CBC Governor: 'Any recession is expected to be mild and short-lived'

Constantinos Herodotou, Governor of the Central Bank of Cyprus, talked about the ECB objective and actions to restore and stabilize inflation at 2% in the medium term and maintain financial stability, saying that any recession is expected to be mild and short....

1052. EMGF approves Cypriot proposal on permanent advisory body

Energy Ministers of the member states of the East Mediterranean Gas Forum agreed on Wednesday on the proposal of the Cypriot Presidency of the EMGF to establish a Scientific and Technical Advisory Committee during the 8th Ministerial Meeting, held in Cairo under the chairmanship of Cyprus’ Minister of Energy, Commerce and Industry, Natasa Pilides...

1053. Tatar: 'Discussions on air and naval bases still ongoing'

In remarks to a Turkish Anatoli news agency correspondent regarding the year-end assessment, the TC leader stated that the illegal airport in occupied Lefkonoiko was given to 'security forces' to serve as a base for Turkish IHAs. ...

1054. France first country to ban short haul flights

France has been given the green light to ban short-haul domestic flights. Specifically, between locations where there is a train alternative that takes less than 2.5 hours....

1055. Kokkinos pushes for digital skills development

Deputy Minister of Research, Innovation and Digital Policy Kyriacos Kokkinos discussed digital skills development and the need for experts in cybersecurity during his participation in the Transport, Telecommunications and Energy Council of the European Union which took place in Brussels on Tuesday....

1056. Nicosia passes energy forum baton to Cairo

Energy Minister Natasa Pilides will preside on Wednesday in Cairo over the 8th Ministerial Meeting of the regional intergovernmental organization East Mediterranean Gas Forum, the last one that will be held within the framework of the Cyprus Presidency of the Forum for 2022...

1057. The key to the Cyprus problem is again in Nicosia

The international community and our regional community within the European Union do not currently find the Cyprus problem to be a particularly "sexy" issue, but it is still on the table....

1058. G7 price cap on Russian oil kicks in

The Group of Seven price cap on Russian seaborne oil came into force on Monday as the West tries to limit Moscow's ability to finance its war in Ukraine, but Russia has said it will not abide by the measure even if it has to cut production....

1059. Elections: President touts Averof's role in government's success

The dilemma in view of the February 2023 elections is the continuation of stability or experimentation, President Anastasiades said on Saturday, as the presidential campaign continues....

1060. EU: The price of Russian oil has been capped at $60

The European Union has agreed to cap the price of Russian seaborne oil at $60 per barrel, a Polish official stated....

1061. Minister says efforts to promote Cypriot wine bear fruit

Energy Minister Natasa Pilides, who also oversees Commerce, said Wednesday that the first National Action Plan to promote Cypriot wine seem to be bearing fruit, as exports of wines in 2021 saw a rapid increase over 60%...

1062. Cyprus gets taste of EU’s €85 million with a caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

1063. Inflation rate in Cyprus expected to fall to 8.3%

Euro area annual inflation is expected to be 10.0% in November 2022, down from 10.6% in October according to a flash estimate from Eurostat, the statistical office of the European Union....

1064. When the ink dries, this will be the new archaeological museum

1065. Fuel price cuts have begun

Following a month of price volatility, the Cypriot market should see a reduction in the cost of motor and heating fuels in the coming days....

1066. €76.4m profit in first 9 months of 2022 for Hellenic

Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...

1067. Wasted food can feed starving people worldwide four times over

Food waste is one of the most important challenges we are faced with today, Agriculture Minister Costas Kadis said on Tuesday, adding that it leads to serious economic, social and environmental repercussions on the entire planet....

1068. Program to combat desertification in Cyprus and Greece gets underway in Nicosia

LIFE AgrOassis, a program that aims to tackle the desertification of land in Cyprus and Greece, kicked off today, during an event in Nicosia....

1069. Kasoulides: Cyprus solution a 'win-win' if there is political will

The solution to the Cyprus problem could be a win-win situation for all stakeholders, Foreign Minister Ioannis Kasoulides has said, adding that there is a great possibility for this provided that there is political will....

1070. Greek Navtex is a message to Libya

The navigation warning issued by Greece on Saturday expanding the area of seismic surveys for oil and natural gas deposits off the coast of Crete was in response to a request by US oil firm ExxonMobil, which has been granted exploration rights, but also serves a geopolitical purpose...

1071. Cyprus wants to get in on fast-track gas to EU

Cypriot President Nicos Anastasiades is calling on Brussels to help encourage companies to move fast and include the island in plans to supply Europe with natural gas from the eastern Mediterranean...

1072. The effects of Global warming on banks and insurance companies

One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’ which refers to the goal of limiting the increase in the average temperature of the planet to 1.5 degrees Celsius...

1073. EU struggles with Russian oil price cap

European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow’s ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge...

1074. Small number of banks meeting new loan demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

1075. Tatar: Countries reluctant to recognize pseudo-state due to threats

1076. Cyprus Institute academics are some of the top scientists worldwide

Academics of the Cyprus Institute have recently been included in two ranking lists of top scientists worldwide....

1077. EC proposing a ceiling of 275 euros per megawatt hour for natural gas

Energy Commissioner Kadri Simson announced at a press conference in Brussels yesterday that the European Commission is proposing to cap the price of natural gas at 275 euros per megawatt hour for next month's TTF contracts....

1078. Anastasiades meets Scholz, Steinmeier in Berlin

Republic of Cyprus President Nicos Anastasiades is set to meet the political leadership of Germany on Wednesday, during his working visit in Berlin...

1079. CYTA expects €400 million in revenue this year

Deputy Chairman of the Committee Chrysis Pantelides told CYTA after discussing the organization's budget for 2023 that CYTA is a very good example of a profitable and robust semi-governmental organization that should remain in the ownership of the state so that the public and society at large reap these important benefits....

1080. Electricity theft on the rise

The Cyprus Electricity Authority's electricity distribution substations have seen an increase in theft cases recently, according to a statement from the police....