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1291. 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....

1292. EY launches 2022 Better Working World Data Challenge to help tackle biodiversity loss

1293. 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....

1294. Biden praises Greek position over war in Ukraine

US President Joe Biden has thanked Greek Prime Minister Kyriakos Mitsotakis for Athens’ 'moral leadership' following the Russian invasion in Ukraine in late February...

1295. EC projects economic slowdown and rising inflation in Cyprus

The European Commission has revised its economic projections for Cyprus citing a downward trend due to the effects of Russia’s invasion of Ukraine and the associated sanctions against Moscow on the island’s tourist and services sector....

1296. Russia cuts electricity to Finland

Russia will suspend electricity supplies to Finland this weekend, a supplier said on Friday as tensions rise over Helsinki's NATO bid amid Moscow's military campaign in Ukraine....

1297. Eni-Total may start drilling in Cyprus this month

Cyprus Energy Minister Natasa Pilides said on Thursday that the Eni-Total joint venture’s next drilling in Cyprus’ exclusive economic zone will probably take place this month, as soon as the drilling rig concludes its work in Egypt....

1298. 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....

1299. 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....

1300. Greek island reaches record recycling rate

The Dodecanese island of Tilos has the highest recycling rate of any island in the world, officials said Tuesday....

1301. 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....

1302. Inflation in Turkey spikes to almost 70%

Inflation in Turkey reached record levels of almost 70% in April, rising by 8.83 points in a month, according to official statistics released today....

1303. Turn seawater into drinking water with the push of a button

MIT researchers have developed a portable desalination unit, weighing less than 10 kilograms, that can remove particles and salts to generate drinking water....

1304. Greece sets price ceiling on electricity

The government is to introduce a price ceiling on the wholesale electricity market as the request for coordinated measures at the European level, which was reformulated on Monday at the Extraordinary Council of Energy Ministers by Energy Minister Kostas Skrekas, did not appear to gain traction....

1305. Cyprus to export natural gas by 2026, Energy Minister says

Cyprus is hoping to begin exporting its natural gas from the “Aphrodite” gas field by 2026, Minister of Energy, Commerce and Industry, Natasa Pilides, has said....

1306. PM hails ‘new energy gateway’ at LNG terminal project launch in northern Greece

The liquified natural gas terminal being developed in Alexandroupoli will be a “new energy gateway” that will help Europe and the Balkans become less reliant on Russian supplies, Prime Minister Kyriakos Mitsotakis said on Tuesday, at the inauguration of the landmark project in northern Greece....

1307. EU states divided over Russian oil sanctions

The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions....

1308. Plastic waste could be a thing of the past thanks to a new enzyme

Plastic waste dumped in landfills could be cleared sooner than expected after engineers developed an enzyme that can break it down in just a few hours....

1309. 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)....

1310. At least five Russian businessmen have died by apparent suicide in just three months

At least five prominent Russian businessmen have reportedly died by suicide since late January, with three of them allegedly killing members of their families before taking their own lives....

1311. Cyprus energy hub hopes hanging by a thread

Nicosia is eagerly awaiting news any day now that could potentially revive the island’s hopes in the energy game, with all eyes on whether a UK-based company with contracts in Israel could find enough gas to bypass red tape and send some of it to a friendly neighbor’s hub...

1312. 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....

1313. Europe scrambles for natural gas solution as Putin squeezes supply

The European Union is racing to find alternative suppliers of natural gas after Russia's Gazprom cut flows to two EU nations, sparking fears that others will soon follow....

1314. More ‘Golden Passports’ revoked

The Council of Ministers decided last week to revoke the citizenship of four more Russians, including their family members, who obtained ‘Golden Passports’ under the island’s disgraced Citizenship by Investment scheme that was brought to an abrupt end in November 2020....

1315. Putin warns West of lightning retaliation

Russian President Vladimir Putin warned of lightning-fast retaliation if countries interfere in Ukraine as European leaders accused Russia of 'blackmail' over its cuts to gas supplies...

1316. 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...

1317. EY report: a resilient grid supported by digital solutions will underpin a successful transition to eMobility

Adoption of eMobility is not just an economic or environmental phenomenon, but a psychological one that hinges on widespread customer acceptance. The current pace of EV adoption is swift, with one- in- five vehicles sold in Europe during 2021 being electric. ...

1318. ENI TOTAL to resume drilling in Block 6 'Kalypso' deposit

The ENI TOTAL consortium will resume work on Block 6 within the Cyprus EEZ. According to information from Kathimerini, the Franco-Italian consortium will initially carry out drilling at a specific point of block 6 in order to have a better picture of the "Kalypso" deposit....

1319. ‘Immediate solutions’ test Cyprus’ take on EastMed

A US energy official urged Nicosia to seek 'other options' if the island wanted to get energy quickly into markets, with Italy doing just that earlier this week when Rome clinched a deal with Algeria to replace Russian gas imports through the Transmed pipeline...

1320. EIB ready to offer funding to mitigate effects of Ukrainian war on Cyprus

New investment opportunities in Cyprus, as well as funding to mitigate the effects of the war in Ukraine, were discussed on Monday by President Nicos Anastasiadis, Finance Minister Constantinos Petridis and European Investment Bank (EIB) President Werner Hoyer. ...