https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/chevron-buys-time-as-cyprus-and-israel-still-negotiate
Chevron took a step back this month after it postponed the drilling of an appraisal well offshore Cyprus, a plan that initially caught Israel by surprise and prompted an impromptu visit to Nicosia last summer as the two countries have yet to resolve a dispute...
https://knews.kathimerini.com.cy/en/news/ukraine-s-grain-agreement-with-russia-extended-4-months
A diplomatic agreement that restarted Ukraine's maritime food exports will continue for at least another four months, keeping the economic lifeline open as the major food producer faces its first full winter at war with Russia....
https://knews.kathimerini.com.cy/en/news/spyware-and-political-games
The European Parliament's Committee of Inquiry's draft report on the use of spyware in the EU was lengthy and comprehensive, but in the case of Cyprus, a sizable portion of the information was a repetition of already well-known facts and concerns about the absence of the required institutional framework. ...
https://knews.kathimerini.com.cy/en/business/slower-economic-growth-expected-towards-end-of-year
The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....
https://knews.kathimerini.com.cy/en/news/prepare-for-an-increase-in-grain-prices
Agriculture Minister Costas Kadis told 'K' that there is no concern about grain sufficiency in the Cypriot market at this time, explaining that strategic stocks of grains received in the summer remain in importers' silos. ...
https://knews.kathimerini.com.cy/en/news/9-5-million-mobile-phones-tapped-in-cyprus-according-to-akel
AKEL has made serious allegations regarding the interception of mobile communications in Cyprus. During the presence of the PEGA Committee members in Parliament,
...
https://knews.kathimerini.com.cy/en/news/eu-leaders-burn-midnight-oil-on-gas-prices
European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early hours of Friday morning to keep examining options to put a ceiling on costs...
https://knews.kathimerini.com.cy/en/news/china-finds-friendly-ear-in-cyprus-as-eu-cranks-it-up
Cypriot House Speaker Annita Demetriou reaffirmed Nicosia’s One China position this week during a meeting with the Chinese ambassador, who responded with a similar One Cyprus principle as the two countries sought to strengthen ties while Brussels warned EU should steer clear...
https://knews.kathimerini.com.cy/en/news/cyprus-made-when-to-expect-the-branded-products
Local products can now be branded as Cypriot-made. After a year of work, consultations, and procedures, as well as research into international examples, a new brand name for Cypriot products has been developed: Cyprus Made - Unique by origin....
https://knews.kathimerini.com.cy/en/news/cyprus-launches-common-label-to-better-market-products
The new label and logo 'Cyprus made, Unique by origin' were presented by Energy Minister Natasa Pilides on Monday during the opening of the Industry Week fair...
https://knews.kathimerini.com.cy/en/business/trade-deficit-increased-by-€1-5-bln-in-first-8-months-of-2022
The trade deficit increased by €1.5 billion in the period from January to August 2022, compared to the same period of 2021, according to provisional data issued by the Statistical Service of Cyprus for August 2022. The deficit was €5,120.1 million in January-August 2022, which increased from €3,587.5 in January-August 2021....
https://knews.kathimerini.com.cy/en/news/energean-announces-new-commercial-gas-discovery-off-of-israel
Energean plc has announced that the Hermes exploration well off of Israel has made a commercial gas discovery of between 7 and 15 bcm and that the Stena IceMax drilling rig has moved to block 12 to drill the Zeus structure....
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/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/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/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/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/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....
