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61. Petrides: Government to continue support measures for vulnerable groups

The government is determined to continue the support it has been providing to vulnerable population groups against rising inflationary trends said Finance Minister Constantinos Petrides, speaking on the sidelines of the presentation of the Sponsorship Scheme for Student Dormitories and Rooms in the old city of Nicosia....

62. 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)....

63. 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...

64. Global food prices rise to highest ever levels in March

Global food prices rose to their highest ever levels in March as a result of Russia’s invasion of Ukraine, the UN has reported....

65. Lagarde: Cyprus will be affected by inflation and rising energy costs

Cyprus will be affected by inflationary pressures and higher energy costs due to its dependence on oil imports for electricity generation, according to European Central Bank President Christine Lagarde....

66. Finance Ministry increases 2022 inflation estimate to 4%

The Ministry of Finance has revised an initial 2022 inflation estimate of 1.5% to 4% due to the rise in petrol prices in the midst of the crisis in Ukraine....

67. Loss of 1.5% to 2% of Cypriot GDP due to a ban on Russian flights

Cyprus could lose 1.5% to 2% of its growth rate this year if the Cypriot airspace (under EU sanctions) to Russia remains closed for the whole of 2022, estimates the rating agency DBRS Morningstar, noting that despite the negative impact, the war in Ukraine will not derail the medium-term prospects of the Cypriot economy....

68. Finance Minister concerned over rising energy and grain prices

Finance Minister Constantinos Petrides said today that he is concerned about the rising prices of grain and energy and the possibility of 'stagflation', but excluded the possibility of the Cypriot economy slipping into recession....

69. Up to 10 cents more for oil and gas from today

An increase in the price of fuel is expected to begin today. The deputy director of the Consumer Protection Service, Antonis Ioannou, told Kathimerini...

70. Russia will default on its debts 'imminently', Fitch ratings agency has warned

Russia will default on its debts 'imminently', a leading credit rating agency has warned, as sanctions over Ukraine continue to pummel the country's economy....

71. US to ban all Russian oil imports, reports say

Joe Biden has decided to ban Russian oil imports to America in a dramatic ratcheting up of the economic squeeze on Vladimir Putin’s regime, according to reports from the US....

72. EU plans to cut Russian gas imports by two-thirds in a year

The European Union will outline a plan on Tuesday to cut Russian gas imports by two-thirds within a year as it seeks to reduce its dependency on the country’s fuel supplies after Moscow’s invasion of Ukraine. ...

73. Fears of potential nuclear disaster at Europe's largest nuclear power plant

Russian forces seized the largest nuclear power plant in Europe after a building at the complex was set ablaze during intense fighting with Ukrainian defenders, Ukrainian authorities said on Friday....

74. Petrides: Cyprus banks are safe from exposure to Russia

The economic sanctions imposed against Russia following the invasion of Ukraine are not affecting Cyprus to a large extent as the island’s banking system has no exposure to Russia...

75. Zalensky makes impassioned speech to EU Parliament, gets standing ovation

President Volodymyr Zelensky today told European leaders Ukrainians are ‘paying the ultimate price to defend freedom’....

76. Biden: Putin's actions are the the 'beginning of a Russian invasion of Ukraine'

US President Joe Biden described events now underway in Ukraine as "the beginning of a Russian invasion of Ukraine" as he unveiled harsh new sanctions to punish Moscow....

77. Ukraine-Russia crisis: What to know in the escalating crisis

From a hastily-convened meeting of the United Nations Security Council to capitals around the world, leaders have condemned Russian President Vladimir Putin’s recognition of two pro-Russia regions in eastern Ukraine as independent and his order to send troops there....

78. Global markets tumble after Putin orders invasion

The FTSE 100 index fell by more than 1.5 percent today and European shares hit a seven-month low with a long-feared Russian invasion of Ukraine now appearing to be underway....

79. Op-ed: The EastMed project and dilemmas over energy strategy

The unprecedented energy crisis unfolding in Europe is a result of the European Union’s stubborn and one-sided preoccupation with the Green Deal (which is important in its own right). ...

80. Kazakh president gives shoot-to-kill order to quell protests

Security forces appeared to have reclaimed the streets of Kazakhstan's main city on Friday after days of violence, and the Russian-backed president said he had ordered his troops to shoot to kill to put down a countrywide uprising....

81. The new investment game

Accelerating the transition to a green economy is a no-brainer. It is no coincidence that it accounts for 36.3% of the total budget of the Recovery and Sustainability Plan...

82. The 30th Auction of Greek and Cypriot Artworks

83. UK citizens rush to fill up amid shortages

The British government on Thursday night urged citizens not to panic over the closure of dozens of gas stations across the country, which was due to the significant shortage of drivers of tankers, trucks and other heavy goods vehicles....

84. 10% reduction in electricity costs

The Minister of Energy, Trade and Industry, Ms. Natasa Pileidou, today announced a series of measures designed to ease the skyrocketing costs of electricity in households and business....

85. Borrell: Cyprob solution must come from Cypriots

"The European Union fully supports the resumption of a settlement process under UN auspices, as soon as possible," and stands ready to provide whatever assistance both parties and the UN would find most useful, the EU’s Foreign Policy chief Josep Borrell said Thursday....

86. Cyprus energy designs unaffected by Turkey's provations, President says

Cyprus President Nicos Anastasiades said Tuesday that that the Republic, as a sovereign and independent state and despite Turkey’s provocations, threats and illegal activities, is determined to go ahead with the implementation of its energy policy....

87. Cyprus sees glimmer of hope with Chevron

The government of the Republic of Cyprus says Chevron and Noble Energy have reaffirmed the importance that the two companies attribute to the development of Aphrodite gas field...

88. Greece to extend territorial waters amid dispute with Turkey

Turkey’s president warned Greece on Wednesday not to test his country’s patience or courage as the NATO allies remained locked in a tense dispute over offshore energy exploration in the eastern Mediterranean, while Greece announced plans to extend its territorial waters along its western coastline....

89. Greek and Turkish warships in 'mini collision,' says defense source

A Greek and a Turkish warship were involved in a mini-collision on Wednesday during a standoff in the eastern Mediterranean, a Greek defense source said, describing it as an "accident."...

90. Ankara responds to Greek warnings

Turkish President Tayyip Erdogan says an attack on Oruc Reis in the eastern Mediterranean would incur a “high price” while at the same time calling for a win-win solution through dialogue...