https://knews.kathimerini.com.cy/en/news/high-electricity-costs-in-cyprus-due-to-lack-of-renewables
As high temperatures drive increased energy demand in Cyprus, the island remains heavily reliant on mazut for electricity production....
https://knews.kathimerini.com.cy/en/business/vasilikos-lng-terminal-to-proceed-despite-challenges-says-president
The liquefied natural gas terminal project in Vasilikos will be implemented, Cyprus President, Nikos Christodoulides, said on Monday, noting that the project should never have been assigned to the Chinese CPP-METRON Consortium Ltd....
https://knews.kathimerini.com.cy/en/news/rising-costs-of-utilities-and-dining-out-are-hitting-home
The Harmonised Index of Consumer Prices (HICP) in Cyprus remained steady at 3% in June, according to data released on Wednesday by the Cyprus Statistical Service (CyStat). ...
https://knews.kathimerini.com.cy/en/business/lidl-s-21st-store-in-paphos-boosts-cyprus-retail-battle
Almost 15 years after Lidl Cyprus entered the Cypriot market, the company is set to open its 21st store in Paphos, specifically in Neon Mall....
https://knews.kathimerini.com.cy/en/news/how-russian-lng-still-powers-europe-despite-sanctions
The Yakov Gakkel LNG tanker plays a crucial role in maintaining Europe's gas supply, transporting liquefied natural gas (LNG) from Siberia to European terminals....
https://knews.kathimerini.com.cy/en/news/most-affordable-unleaded-95-prices-found-in-nicosia
Fuel prices have recently experienced a slight decrease, offering relief to consumers who have been grappling with consecutive price hikes, straining their wallets....
https://knews.kathimerini.com.cy/en/news/dr-hepburn-cyprus-has-the-dirtiest-and-most-expensive-grid-in-the-eu
During his presentation at the Green Agenda Cyprus Summit held today at the Hilton Nicosia, Professor of Environmental Economics at the University of Cyprus, Cameron Hepburn, discussed Cyprus' energy transition and its decoupling from fossil fuels to achieve zero emissions and protect the environment. ...
https://knews.kathimerini.com.cy/en/news/eac-chairman-george-petrou-dives-into-energy-storage-advancements
George Petrou, the newly appointed chairman of the Electricity Authority of Cyprus (EAC), faces a daunting task as he takes the helm during a turbulent......
https://knews.kathimerini.com.cy/en/news/electricity-bills-to-rise-by-2-5-in-april
An increase of 2.5% is expected in electricity bills for April compared to March. Christina Papadopoulou, the Press Spokeswoman for the Electricity Authority of Cyprus (EAC), explained to...
https://knews.kathimerini.com.cy/en/news/olive-oil-jumps-61-7-in-march-2024
In March 2024, the price of olive oil surged by 61.7% compared to the same period in 2023, as reported by the Cyprus Consumers Association....
https://knews.kathimerini.com.cy/en/news/gasoline-prices-rise-across-cyprus-provinces-after-subsidy-removal
Following the elimination of the 8.3-cent subsidy per liter on April 1st, increases in the average price of 95-octane gasoline have been observed in the provinces of Limassol, Nicosia, and Famagusta, with the exception of Paphos, where the price only rose by 8 cents....
https://knews.kathimerini.com.cy/en/news/how-russia-defies-sanctions-with-its-secret-gas-fleet
Moscow's response to Western sanctions on the Russian gas industry has revealed a strategic shift in its approach, with the creation of a 'shadow fleet' of liquefied natural gas (LNG) carriers. ...
https://knews.kathimerini.com.cy/en/news/cyprus-ends-fuel-tax-break-prices-set-to-spike-from-april-1st
Starting April 1st, the reduced consumption tax on fuels (95-octane gasoline and diesel) will come to an end, reverting to 8.3 cents per liter for gasoline and 6.3 cents per liter for heating oil....
https://knews.kathimerini.com.cy/en/news/high-level-consortium-official-to-visit-cyprus-amid-lng-terminal-project-stalemate
A senior official from the consortium responsible for the construction of the liquefied natural gas (LNG) import terminal at Vassilikos is expected to visit Cyprus this week, announced George Papanastasiou...
https://knews.kathimerini.com.cy/en/news/ecb-considers-rate-cut-despite-falling-inflation
The European Central Bank is set to keep interest rates at record highs on Thursday and take baby steps towards cutting them in the coming months as inflation continues to fall despite stubbornly high underlying price pressures....
https://knews.kathimerini.com.cy/en/news/eu-mulls-tax-breaks-for-islands-nations-on-aviation-fuel
European Union nations are in talks to grant exemptions for a proposed EU-wide tax on aviation fuel, particularly favoring islands. A draft document from Belgium,...
https://knews.kathimerini.com.cy/en/news/putin-s-blackmail-fails-to-halt-green-transition
Ursula von der Leyen, the president of the European Commission, stated on Tuesday that Vladimir Putin's attempts at "blackmail" have backfired, hastening the EU's shift toward green energy. ...
https://knews.kathimerini.com.cy/en/news/cera-proposes-reduced-electricity-increases-amidst-parliamentary-discussion
The head of Regulatory Energy Cyprus (Cera), Andreas Poulikkas, briefed the Parliament's Finance Committee on the latest proposals submitted by the Electricity Authority of Cyprus (EAC) for review. ...
https://knews.kathimerini.com.cy/en/news/makis-keravnos-voices-concerns-over-geopolitical-developments
The global supply chain disruption and its economic impact on Europe and the world have raised concerns among Europeans....
https://knews.kathimerini.com.cy/en/comment/opinion/can-cyprus-withstand-yet-another-crisis
The recent Houthi attacks on commercial vessels navigating the Red Sea have triggered another disturbance in the intricate web of the global supply chain...
https://knews.kathimerini.com.cy/en/news/how-the-consumer-pocket-faces-a-perfect-economic-storm
The uncertainty and the intense upheavals in the global supply chain continue....
https://knews.kathimerini.com.cy/en/news/houthi-rebels-reject-us-maritime-shield-typhoon-aircraft-take-off-from-akrotiri
As the sun sets over the Akrotiri base in Cyprus, a celestial dance unfolds. Two pairs of Typhoon FGR4 aircraft, gracefully reported by British TV channels, take flight....
https://knews.kathimerini.com.cy/en/comment/opinion/tensions-escalate-as-aphrodite-field-negotiations-reach-breaking-point
The final phase of negotiations for the development of the Aphrodite field, led by Chevron's consortium in Block 12 and the Republic of Cyprus, is approaching its deadline, set by Nicosia for the commencement of FEED operations on the upcoming Sunday, November 5....
https://knews.kathimerini.com.cy/en/news/which-european-country-bears-the-brunt-of-energy-costs
The pre-tax prices of electricity and natural gas soared after Russia's full-scale invasion of Ukraine, but they're now on the decline. Although slightly higher than the second half of 2022, the final prices for customers, including taxes, reached their peak in the first half of 2023....
https://knews.kathimerini.com.cy/en/news/a-3-year-wait-and-a-2024-deadline-looms-for-gas-transport
Three years after the groundbreaking for the liquefied natural gas terminal, a project worth $289 million in euros has been initiated....
https://knews.kathimerini.com.cy/en/news/israeli-hamas-war-puts-cyprus-and-egypt-at-forefront-of-credit-risks
Cyprus and Egypt are currently facing the most direct credit risks among countries rated by Scope Ratings due to the Israeli-Hamas conflict, warns the German firm....
https://knews.kathimerini.com.cy/en/news/fuel-prices-set-to-drop-over-the-next-24-hours
In an upcoming change for motor fuel consumers, reductions in fuel prices are anticipated to take effect starting tomorrow and persist for the next 24 hours....
https://knews.kathimerini.com.cy/en/news/targeted-fuel-and-heating-reductions-in-government-s-considerations
The Cyprus Electricity Authority has announced a 3% increase in electricity prices for upcoming bills. ...
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-boom-in-greece-and-cyprus
The real estate landscapes of Greece and Cyprus are undergoing significant transformations, with both nations showcasing promising growth and recovery. However, beneath the surface of these top-line numbers, there are underlying challenges and disparities that need to be addressed....
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....
