Search

331. Electricity trade in E. Med could spark net zero emissions in region

Recent research conducted by the Cyprus Institute (CyI) has highlighted the significant role electricity trade can play in achieving cost-optimal greenhouse gas emission abatement targets. ...

332. €1,000 per person lost as Cyprus grapples with food waste dilemma

According to the recently released socio-economic impact report by the FOODprint campaign, households in Cyprus generate nearly 48,000 tonnes of food waste annually. ...

333. Eurobank Cyprus reports soaring profits amid rising interest rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

334. Paris revives Seine swimming after century

With a year to go to the Olympics, Paris is in the final phase of a historic clean-up which will soon see swimmers and divers back in the River Seine....

335. Rapid expansion for Cyprus Airways

Cyprus Airways in the first half of 2023 carried a total of 260,000 passengers marking a steep increase of 300% year on year, while it doubled its operations compared with June of last year....

336. Concerns over food crisis and rising prices

The head of the Competition Division of the Consumer Protection Agency at the Ministry of Commerce, Aliki Iordanou, stated that there has been no increase in product prices despite the zero VAT rate....

337. Government's solar power initiative for vulnerable homes

The government is currently working on the installation of free solar power systems for vulnerable individuals....

338. Banking on success: Greek and Cypriot banks show remarkable credit improvement

Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring....

339. Promising drug slows Alzheimer's decline by 36%

A new drug that claims to slow mental decline caused by Alzheimer's by 36 percent could spell 'the beginning of the end' for the degenerative brain disease....

340. Extreme temperatures prompt Acropolis hour reduction

Greek authorities have made adjustments to the operating hours of the Acropolis due to the anticipated extremely high temperatures surpassing 40 degrees Celsius....

341. Cyprus surpasses 40,000 solar installations

The Electricity Authority of Cyprus has taken actions to reduce the waiting time for the inspection of photovoltaic systems after installation....

342. Driving forward: EU approves electric charging stations every 60 km

At the plenary session in Strasbourg, Members of the European Parliament (MEPs) voted today to approve new regulations focusing on expanding the availability of alternative fuel stations for cars and trucks,...

343. Energy savings: 1.3% to 1.9% by 2030

MEPs approved today's plans, already agreed with the Council, that set new energy-saving targets for 2030, as part of the European Green Deal....

344. Loan demand in Cyprus falls, interest rates rise

The Cypriot banking institutions are holding a small basket for demand in new loans....

345. Ministry of Labor to improve minimum wage policies

Cyprus currently has an outdated software system for pension fund operations. The government aims to expedite the actuarial study for the Social Insurance Fund (TKA) with the support of the International Labor Organization and the government of Austria. ...

346. Inflation drops, but food prices soar

According to Marios Droussiotis, the president of the Cyprus Consumers Association, inflation is decreasing, but food prices remain excessively high. In an interview with K, he explained that although the overall inflation rate in Cyprus is 1.9%, the prices of food items have increased by 9.8%....

347. Climate change threatens tourism as tourism impacts climate change

Coastal erosion, rising sea levels, increased temperatures, sea disturbances, and storms, as well as the reduction of freshwater supply, are some of the consequences of climate change....

348. Serious flaws in disability benefit assessments

Serious allegations have been made by the President of KYSOA, Christakis Nicolaides, regarding the examination process of applications for disability benefits by medical boards. ...

349. EU Commission proposes digital euro as cash alternative

Digital currencies have grown in popularity. Unlike bitcoin, the digital euro would be a central bank digital currency (CBDC), essentially, electronic cash. ...

350. Electric buses join public transport in Cyprus

The first electric urban buses were presented on Tuesday by the Cyprus Public Transport and will be added to their existing fleet and commence servicing routes in the next few days. The move aims to contribute to efforts for sustainable and greener public transport, the company said....

351. Gasoline and diesel prices expected to drop

Reductions of up to 3 cents are expected to be observed in the retail prices of unleaded gasoline (95 octanes) and diesel fuel in the coming days, according to the Director of Consumer Protection Service at the Ministry of Energy, Commerce, and Industry, Konstantinos Karagiorgis, as reported by the Cyprus News Agency (CNA)....

352. Cyprus commits to EU's greenhouse gas emission targets

The participation of Cyprus in the ambitious climate target set by the European Commission for at least a 55% reduction in greenhouse gas emissions by 2030, based on the new package of European legislation Fit For 55, includes further emissions reductions in all sectors....

353. Double impact on gas station owners

Citizens are in turmoil following the termination of reduced special consumption tax rates on transportation and heating fuels, which resulted in increases of 8.32 cents in gasoline and diesel, and 6.83 cents in heating fuels. ...

354. Cabinet pulls plug on fuel subsidies

Temporary fuel state subsidies are set to expire before the weekend in the Republic of Cyprus, after the finance minister announced an extension could not be justified...

355. Cyprus struggles to reduce landfill waste, falling behind targets

Cyprus is facing significant challenges in meeting its municipal waste management and recycling targets, prompting concerns from the European Commission, according to a report on Philenews....

356. MPs move forward with divestment changes

MPs are displaying a resolute determination to press ahead with crucial changes to the divestment framework before the parliamentary summer recess....

357. Cyprus Airways Upgrades Fleet to A220, Unveiling Joint Conference with Airbus at Paris Air Show 2023

358. Total loans increase by €71 million, reaching €24.4 billion

Non-performing loans decreased by €105 million end of March 2023, compared to the end of December 2022, reaching €2.2 billion, according to data published by the Central Bank of Cyprus on Tuesday. ...

359. Cyprus road deaths down 18% last year

There were 20,678 deaths on EU roads in 2022, a collective increase of 4% compared to 2021, according to the 17th Annual Road Safety Performance Index (PIN Report), released Tuesday, by the European Transport Safety Council (ETSC). Out of the 32 countries monitored by the PIN programme, only 13 registered a decrease in road deaths in 2022, compared to 2021. Slovenia was ranked first with a 25% reduction, followed by Latvia with 23% and Lithuania and Cyprus with 18%...

360. Cyprus farmers voice alarm over plant protection regulation

The European Commission is addressing farmers' concerns regarding the proposed regulation on plant protection in the European Union. They assure that the implementation of the new rules will be gradual, aiming to minimize any impact on production and food prices....