Search

1. Cyprus braces for soaring fuel prices

Cyprus braces for a significant hike in motor fuel prices by mid-April, with increases of 10 cents per liter expected to impact consumer spending across the island nation, according to a report by Kathimerini's Maria Eraclous....

2. How the consumer pocket faces a perfect economic storm

The uncertainty and the intense upheavals in the global supply chain continue....

3. France 24: Choosing between heating and eating

A recently released report from the French charity Secours Catholique underscores the alarming rise in poverty numbers, with a record one million people seeking assistance in 2022, up from 780,000 the previous year. ...

4. Assessing the dual impact of government's support measures

Recent days have witnessed crucial discussions surrounding measures to support households and businesses, a pressing necessity given the prevailing circumstances....

5. Targeted fuel and heating reductions in government's considerations

The Cyprus Electricity Authority has announced a 3% increase in electricity prices for upcoming bills. ...

6. 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....

7. Climate change and increased wildfires

The occurrence of the first wildfires just before we officially enter the summer period can be perceived as a warning of the danger that Cyprus faces in experiencing extreme environmental destruction from fires in the coming period....

8. 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....

9. 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....

10. NATO jets in Cyprus draw split reactions

Claims between East and West over the situation in Ukraine were hard to hold down over the weekend, but reports of more British fighter jets landing in Cyprus to deter Russia drew mixed reactions on the island where even the Church is feeling the heat as it prepares for elections...

11. Another hot day with wind in the mix

A yellow warning went into effect on Friday with maximums reaching 40 degrees inland, but a feel factor could vary across different areas due to afternoon wind activity and humidity levels...

12. Week starts with high heat index and rain

A combination of a low pressure system and a warm air mass is still affecting Cyprus this week, with officials warning of extreme high temperatures along with chances of rain due to unstable air over the island...

13. Renewable power is only part of the solution to meet net-zero targets

14. Afternoon heat warnings continue

A heat advisory continues to be in effect on Tuesday, as inland midday high temperatures are expected to reach 40 degrees while humidity levels are dropping...

15. Week starts with new heat advisory

Another yellow warning has been issued for Monday, following a similar alert Sunday due to extreme high temperatures with 40-degree weather inland...

16. Island interior under heat advisory

Weather officials have issued a yellow warning for Sunday afternoon due to extreme high temperatures in the interior of the island...

17. Muggy as heat index soars

Officials issued another yellow warning Thursday due to extreme heat, with maximum highs reaching 41 degrees inland and humidity on the rise all around the coast...