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91. Electricity subsidies extended to February 2023

The Council of Ministers met yesterday under the chairmanship of the President of the Republic Mr. Nicos Anastasiades and approved the extension for two additional months of the measure concerning the subsidy by the State of part of the cost of electricity consumption...

92. Cyprus maintains low VAT and consumption tax on fuel

Cyprus maintains a very low VAT rate and lower consumption taxes on fuel compared to Germany and other EU countries, Minister of Finance Constantinos Petrides notes in a written statement....

93. Increasing electricity costs to be subsidized by the government

A subsidy that will cover part of the increase in the price of electricity was hammered down during today's session by the Cabinet. As the Minister of Finance Constantinos Petridis stated, ...

94. EAC: Electricity rates to be increased by 24%

The Cyprus Electricity Authority's pricing plans are expected to be approved by the Cyprus Energy Regulatory Authority in the coming days, EAC spokesperson Christina Papadopoulou told CNA on Tuesday....

95. EU official calls on Cyprus to implement recovery plan or lose funding

A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....

96. Thousands of Britain's 'fish and chip' shops could close within a year

The United Kingdom's fish-and-chip shops are under severe strain as the prices of key ingredients — including cod and cooking oil — soar as a result of the Russian assault on Ukraine....

97. Cyprus - Greece ferry connection: Tariffs and dates

After 21 years, the maritime passenger connection between Cyprus and Greece becomes a reality. On June 19, M/V Daleela will set sail from the port of Limassol on its first of many roundtrip voyages to Piraeus, thus inaugurating the new service put in place by the Ministry of Shipping....

98. Russia targets new cities and calls on foreign ‘volunteers’ to join fight

Russia launched airstrikes deeper into Ukraine and called on foreign “volunteers” to join its war on Friday as Moscow stepped up unfounded allegations over chemical weapons threats. ...

99. Versailles Summit: EU to boost military support to Kyiv, mulling new sanctions

European Union leaders said on Friday they will continue applying pressure on Russia by devising a new set of sanctions to punish Moscow for its invasion of Ukraine while stepping up military support for Kyiv....

100. EU and US convene in first Trade and Tech meeting

The United States and the European Union hope to discuss chip shortages, artificial intelligence and tech competition issues during the first Trade and Tech Council meeting this week,...

101. 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....

102. Smoothening the cliff edge in EU-UK relations

The Trade and Cooperation Agreement (TCA) between the United Kingdom and the European Union came into effect on January 1, 2021, capping a tumultuous four-and-a-half-year period since the shocking result of the July 2016 Brexit referendum, in which 51.9% of the British voters voted in favor of leaving the EU. Subject to the delayed assent of the European Parliament, this UK-EU free trade agreement (FTA) extends zero-tariff and quota-free trade in goods between the two economic areas....

103. Britain and EU publish Brexit trade agreement

Britain and the European Union on Saturday published the text of a narrow trade agreement just five days before the United Kingdom exits one of the world’s biggest trading blocs in its most momentous global shift since the loss of empire ...

104. China's ambassador responds to US criticism

The Chinese ambassador in Nicosia is firing back at US and media criticism over his country’s response to the coronavirus outbreak, adding that he believes Cyprus will win the battle against the coronavirus...

105. British High Commissioner talks trade, free movement after Brexit

In an interview with the Cyprus News Agency, British High Commissioner in Cyprus, Stephen Lillie, talks about what tomorrow will look like, and what applies for Cypriot and British nationals living in both countries, which he said share a deep historical relationship....

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

107. Pence urges Erdogan to halt operation

US Vice President Mike Pence met President Tayyip Erdogan in Turkey on Thursday on a mission to persuade him to halt an offensive against Kurdish fighters in northeast Syria, but Turkish officials said the action would continue regardless...

108. Brexit deal agreed as EU summit begins

Britain clinched a last-minute Brexit deal with the European Union on Thursday, but still faced a challenge in getting it approved by parliament...

109. Trump’s yuan move makes a China deal much harder

The decision to label China a currency manipulator boxes in Donald Trump and Xi Jinping. The U.S. Treasury Department made the move after Beijing allowed the yuan to slide below the key level of 7 to the dollar. It’s the first such designation for the People’s Republic since 1994. The sudden escalation will make it harder for both sides to reach a trade truce...

110. Trump hits China with more tariffs, sharply escalating trade dispute

U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. ...

111. Chinese Ambassador to Cyprus: No one stands to win in a trade war

112. Brexit set for delay after Parliament deadlock

113. Trump threatens Turkey with economic devastation if it attacks Kurds

114. Jaguar Land Rover to cuts 4500 UK jobs

115. NYT: Chinese hackers infiltrated Cyprus Ministry of Foreign Affairs systems

116. US official says in interview FYROM could join NATO by 2020

The United States expects the Former Yugoslav Republic of Macedonia (FYROM) to join NATO in mid-2020 by which time its name change deal with Greece should be fully implemented despite Russian efforts to undermine it, the top US official for the Western Balkans said on Tuesday....

117. Trump tweets China to cut tax on US cars

118. Exxon Mobil is placing big bets on China’s soaring liquefied natural gas demand

119. UK Prime Minister Theresa May defends Brexit plan after dancing on stage (video)

120. Limassol port yields €67 million