https://knews.kathimerini.com.cy/en/news/aphrodite-field-consortium-updates-plan-amid-cypriot-energy-dispute
Partners of the consortium for the “Aphrodite” gas field in block 12 of the Cypriot Exclusive Economic Zone said they intend to submit in the coming days to the Cypriot government for approval an “updated development plan”, on the basis of the previous development and production plan, as approved by the government, following a notice for breach of contract sent by the Cypriot Minister of Energy....
https://knews.kathimerini.com.cy/en/news/russian-industrial-giants-warn-of-bankruptcy-amid-sanctions-impact
More than 20 major Russian industrial companies, including those in the construction, automotive, and household appliance sectors, have warned they are on the brink of bankruptcy and could halt operations. In a letter to Anton Alikhanov......
https://knews.kathimerini.com.cy/en/news/ema-slams-eac-for-undermining-electricity-market-competition
The Electricity Market Association (EMA) is expressing concern over recent requests made by the Electricity Authority of Cyprus (EAC) to President Nicos Christodoulides....
https://knews.kathimerini.com.cy/en/news/ukraine-intensifies-fight-against-illicit-tobacco-trade
The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...
https://knews.kathimerini.com.cy/en/news/greece-imports-lamb-for-first-time-due-to-cattle-plague
The wholesale meat market at Rentis now sells lambs from Romania and Spain, as local slaughterhouses have shut down as part of the effort to eradicate cattle plague....
https://knews.kathimerini.com.cy/en/news/the-notebook-star-gena-rowlands-dies-at-94
Gena Rowlands, a renowned American actress famous for roles in films like *The Notebook* and *Another Woman,* has passed away at the age of 94....
https://knews.kathimerini.com.cy/en/comment/opinion/president-s-diplomatic-misstep-as-un-meeting-proposal-leaks-early
Cyprus President's Diplomatic Blunder: UN Meeting Proposal Revealed Prematurely
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https://knews.kathimerini.com.cy/en/news/rose-wine-trend-hits-cyprus-local-demand-and-imports-soar
Light and delicate, with aromas of flowers and fruits, these are just a few ways to describe Rosé Provence wines, which have recently become a global trend....
https://knews.kathimerini.com.cy/en/business/chevron-pushing-for-more-concesions-on-aphrodite-gas-field
In an article published in yesterday's Kathimerini, Yiannis Ioannou writes that Cyprus is grappling with significant challenges over the development of its Aphrodite gas field, a situation that's becoming more complicated by the day. This issue is in the spotlight due to a series of events and the broader regional instability affecting energy projects....
https://knews.kathimerini.com.cy/en/news/turkey-expands-oil-and-gas-drilling-in-the-black-sea
Athens is closely monitoring Turkey’s expansion of its hydrocarbon exploration and extraction capabilities in various maritime areas. ...
https://knews.kathimerini.com.cy/en/news/cyprus-green-energy-struggles-as-market-changes-loom
Cyprus is gearing up for a major shake-up in its electricity market by 2025, but concerns are growing over how this will impact investments in renewable energy....
https://knews.kathimerini.com.cy/en/news/potato-harvests-increase-in-2023-but-long-term-decline-persists
Cyprus witnessed a modest increase in potato production in 2023, with 95,000 tonnes harvested, marking a 5.6% rise from the previous year, according to recent data from Eurostat, the European Union's statistical office....
https://knews.kathimerini.com.cy/en/news/eurozone-service-output-stable-in-may-up-2-5-yearly
The production of services remained more or less stable in the eurozone (down -0.1%) and in the EU (+0.1%) in May 2024 compared to April, while increasing compared......
https://knews.kathimerini.com.cy/en/news/cyprus-boosts-r-d-funding-by-nearly-20-spending-€138m-in-2023
Cyprus significantly boosted its investment in research and development (R&D) in 2023, with government budget allocations rising by 19.8% compared to the previous year, according to new data from Eurostat. This increase is notably higher than the average 5.3% rise observed across the European Union during the same period....
https://knews.kathimerini.com.cy/en/news/children-to-craft-their-own-play-inspired-by-nicosia-s-history
The Nicosia International Festival 2024, which actively participates in Nicosia’s candidacy for the European Capital of Culture 2030, is developing its theatrical co-creation workshop "Exploring the Theatre", with the support of the Leventis Municipal Museum of Nicosia....
https://knews.kathimerini.com.cy/en/news/uber-to-add-100-000-electric-cars-to-its-global-fleet
Uber has announced a deal to integrate 100,000 electric vehicles (EVs) from China's BYD into its global fleet....
https://knews.kathimerini.com.cy/en/news/greece-battles-major-sheep-and-goat-plague-in-11-regions
New cases of sheep and goat plague are expected in Greece, with 35 outbreaks already reported across 11 of the country's 13 regions, according to Agriculture Minister Kostas Tsiaras. Movement and slaughter bans will remain in effect next week to curb the spread....
https://knews.kathimerini.com.cy/en/news/cyprus-government-rakes-in-over-€424m-in-surpluses-this-year
Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...
https://knews.kathimerini.com.cy/en/business/record-surge-in-olive-oil-fraud-amid-rising-prices-of-liquid-gold
The European Union reported a record number of potential olive oil fraud and mislabeling cases in the first quarter of 2024, driven by inflationary pressures and a growing hidden market for the kitchen staple....
https://knews.kathimerini.com.cy/en/news/paris-apologizes-for-religious-imagery-in-olympic-opening-show
The Paris 2024 Olympic opening ceremony, held on July 26, 2024, faced both controversy and mixed reviews. ...
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/news/eu-reviews-impact-of-chinese-exit-from-vasilikos-lng-terminal
The European Commission is assessing the potential impacts on project funding following the withdrawal of a Chinese consortium from the construction of the LNG terminal in Vasilikos, a spokesperson for the European Commission confirmed....
https://knews.kathimerini.com.cy/en/comment/opinion/are-we-in-a-real-estate-bubble
The real estate market has been steadily rising since 2015, marking the ninth consecutive year of growth in the sector. However, this broad trend has not been without fluctuations, particularly influenced by the economic disruptions of the pandemic era. Monthly analyses of transaction numbers and volumes from this platform illustrate these ups and downs....
https://knews.kathimerini.com.cy/en/news/cyprus-seeks-eu-support-to-keep-youth-in-countryside
Cyprus is seeking support from the European Union in its efforts to bring about the demographic regeneration of its rural areas, Minister for Agriculture Maria Panayiotou......
https://knews.kathimerini.com.cy/en/news/bryan-adams-to-perform-live-in-limassol-this-fall
Legendary singer and multi-platinum songwriter Bryan Adams is set to electrify Cyprus with a live performance at Tsirion Stadium in Limassol on October 16, 2024, as part of his global "So Happy It Hurts" Tour....
https://knews.kathimerini.com.cy/en/news/ukrainian-startups-build-low-cost-robot-army-to-combat-russia
Facing manpower shortages, overwhelming odds, and uneven international assistance, Ukraine is looking to an unlikely source for a strategic edge against......
https://knews.kathimerini.com.cy/en/business/cyprus-boomed-in-2022-with-more-jobs-and-better-services
Cyprus saw a widespread boost in economic activity last year, according to the latest Services and Transport Survey by Cyprus' statistical agency....
https://knews.kathimerini.com.cy/en/business/industries-expanded-in-2022-as-cyprus-saw-more-jobs-higher-production
Cyprus saw more people employed in factories and related industries in 2022 compared to the year before, with a 3% increase in jobs. The value of goods produced also went up significantly by 21.2%....
https://knews.kathimerini.com.cy/en/news/producers-must-increase-goat-and-sheep-s-milk-in-halloumi
Agriculture Minister Maria Panayiotou announced on Saturday a new decree to adjust milk quotas for making Halloumi cheese with Protected Designation of Origin (PDO) status. She also revealed financial support measures for the sector....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-hurdles-in-connecting-to-european-electricity-grid
A critical regional energy project aiming to connect Cyprus to the European electricity grid has hit significant roadblocks, threatening the country's bid to end its energy isolation as the last EU member-state without such a connection....
