https://knews.kathimerini.com.cy/en/news/finance-minister-calls-for-prudency-to-safeguard-economy
Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-the-embargo-has-its-own-history
The US decision to lift the embargo on the supply of military equipment to the Republic of Cyprus has a decades-long history and is linked to the embargo imposed on Turkey after its invasion of Cyprus in 1974. ...
https://knews.kathimerini.com.cy/en/news/eu-flip-flops-on-russian-coal-after-cyprus-cries-foul
The shipping industry in the Republic of Cyprus can breathe a sigh of relief after the European Commission eased sanctions against Russian coal, following objection from Nicosia that saw stricter guidelines as a direct blow to its competitive advantage...
https://knews.kathimerini.com.cy/en/news/turkey-threatens-cyprus-and-east-med-security-over-arms-issue
Turkey has threatened Cyprus and the Eastern Mediterranean and condemned the United States after the US decided to lift an arms embargo on Cyprus....
https://knews.kathimerini.com.cy/en/news/us-lifts-embargo-on-cyprus-but-with-russian-caveat
Washington says it will go all the way in lifting an arms embargo on the Republic of Cyprus starting next month, but defense trade restrictions could be reapplied at any time if Nicosia fails to implement certain steps against Russia...
https://knews.kathimerini.com.cy/en/business/ecb-hikes-up-interest-rates-75-basis-points-to-1-25
The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against inflation even as the bloc's economy is heading for a likely winter recession....
https://knews.kathimerini.com.cy/en/news/eu-plans-to-cap-gas-prices-risking-cutoff-from-russia
The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter....
https://knews.kathimerini.com.cy/en/news/eastmed-clickbait-emerges-after-eni-talks-gas-plans
ENI chief says the Italian company will fully replace Russian gas by 2025 by using additional resources from the eastern Mediterranean, a reference to Cyprus that was taken out of context by local media...
https://knews.kathimerini.com.cy/en/news/russia-has-amassed-huge-profits-from-fuel-despite-sanctions
Russia has amassed €158 billion in revenues from fossil fuel exports in the six months of its war against Ukraine, benefiting from high prices, according to a study by an independent think tank published today, which calls for more effective sanctions....
https://knews.kathimerini.com.cy/en/news/liz-truss-becomes-britain-new-pm-after-johnson-fallout
Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle the deepening energy and cost of living crisis....
https://knews.kathimerini.com.cy/en/news/presidential-candidates-on-the-move-as-campaign-heats-up
The presidential election campaign trail over the weekend ended with the Cyprus Green Party deciding next month on the name of the presidential candidate it will support. ...
https://knews.kathimerini.com.cy/en/news/metsola-europe-s-bloc-is-made-stronger-by-the-discovery-of-so-much-natural-gas-in-your-country
In anticipation of Roberta Metsola's visit to Cyprus on September 9th, Kathimerini's George Kakouris sits down with the European Parliament President and gets her take on the Cyprus problem, recently discovered natural gas reserves and the issue behind Cyprus' "golden passport" scandal....
https://knews.kathimerini.com.cy/en/news/russia-says-no-to-oil-price-caps-warns-of-cut-off
The Kremlin said on Friday that Russia would stop selling oil to countries that impose price caps on Russia's energy resources - caps that Moscow said would lead to significant destabilization of the global oil market....
https://knews.kathimerini.com.cy/en/news/pakistan-s-floods-fueled-by-its-melting-glaciers
A series of extreme floods have utterly devastated the South Asian nation, which is home to some 225 million people, washing away roads and buildings, destroying farms, and stranding hundreds of thousands. ...
https://knews.kathimerini.com.cy/en/news/what-is-causing-the-unexpected-drop-in-global-food-prices
Six months after Russia's invasion of Ukraine, the inflationary shock is still causing a "headache" for markets, government staff and households, with the price of natural gas hitting new record levels yesterday....
https://knews.kathimerini.com.cy/en/news/cyprus-stoked-about-gas-discovery-s-eu-prospect
Nicosia says preliminary estimates of a new gas discovery in the country’s exclusive economic zone raise the prospect that big players could still include the island in their plans to supply the European Union with much needed natural gas...
https://knews.kathimerini.com.cy/en/business/cyprus-produces-more-honey-for-export-outside-the-eu
Honey imports into Cyprus from countries outside the European Union decreased in the period 2016 - 2021, while honey exports to countries outside the EU increased in the same period, according to data published by Eurostat on the occasion of World Bee Day United Nations on August 20....
https://knews.kathimerini.com.cy/en/news/us-response-muted-following-reports-of-turkey-s-second-s-400-shipment
The Biden administration on Tuesday stopped short of threatening additional penalties following reports Turkey plans to receive the second batch of the Russian S-400 missile defense system....
https://knews.kathimerini.com.cy/en/news/ukraine-s-first-grain-export-is-a-fraction-of-what-it-needs-to-sell
Ukrainian President Volodymyr Zelenskiy dismissed the importance of the first grain export shipment from his country since Russia invaded, saying it was carrying a fraction of the crop Kyiv must sell to help salvage its shattered economy....
https://knews.kathimerini.com.cy/en/business/turkish-inflation-surges-to-nearly-80
Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts....
https://knews.kathimerini.com.cy/en/news/first-ship-carrying-ukrainian-grain-leaves-odesa-port
A ship carrying grain left the Ukrainian port of Odesa for Lebanon on Monday under a safe passage agreement, Ukrainian and Turkish officials said, the first departure since the Russian invasion blocked shipping through the Black Sea five months ago....
https://knews.kathimerini.com.cy/en/news/russia-sending-money-to-turkey-for-the-$20-billion-akuyo-nuclear-plant
A Russian state-owned company is transferring money to a subsidiary that’s building a $20 billion nuclear power plant on Turkey’s Mediterranean coast, alleviating concerns the project could be delayed by war sanctions....
https://knews.kathimerini.com.cy/en/news/ukraine-grain-export-coordination-center-opens-in-istanbul
Turkish Defence Minister Hulusi Akar on Wednesday unveiled a center in Istanbul to oversee the export of Ukrainian grains after a landmark U.N. deal last week, with the first shipment expected to depart from Black Sea ports within days....
https://knews.kathimerini.com.cy/en/news/us-senator-calls-on-erdogan-to-immediately-halt-provocations-in-cyprus
US senator Robert Menendez called on Turkish President Recep Tayyip Erdogan to halt provocations in Cyprus immediately, in a video message at the opening of the World Conference of Cyprus Diaspora, in Nicosia....
https://knews.kathimerini.com.cy/en/business/cyprus-gas-discoveries-boosted-by-eu-s-shift-from-russia-supplies
The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic importance of finds in Cyprus, the country’s energy minister said....
https://knews.kathimerini.com.cy/en/news/ukraine-and-russia-finalize-deal-on-grain-export
An agreement for the safe export of grain from Ukraine was signed at noon on Friday by Kyiv and Moscow in Istanbul....
https://knews.kathimerini.com.cy/en/news/ukraine-russia-set-to-sign-deal-on-resuming-grain-exports
Russian and Ukrainian officials were poised Friday to sign deals designed to clear millions of tons of desperately needed grain for export, ending a standoff brought on by the war in Ukraine that threatened food security around the globe....
https://knews.kathimerini.com.cy/en/news/european-nations-asked-to-immediately-start-rationing-natural-gas
To avoid energy shortages that would stall economic growth and leave households cold in the winter as Russia weaponizes its gas exports, European countries should immediately start rationing use of the fuel, the European Commission said on Wednesday, and cut their use 15 percent until next spring....
https://knews.kathimerini.com.cy/en/news/feta-can-only-be-greek
Greece has scored a win in its long fight to protect its right to the term “feta” after Europe’s top court reprimanded Denmark for not blocking local companies from using the name for sales outside the European Union....
https://knews.kathimerini.com.cy/en/news/minister-ukraine-needs-assurances-to-resume-grain-exports
The Ukrainian foreign minister says grain exports from his country’s ports won’t resume without security guarantees for ship owners, cargo owners and Ukraine as an independent nation....
