The government aims to solve energy storage within the next 18-24 months so the grid does not reject green energy, said Energy, Commerce and Industry Minister George Papanastasiou. Addressing a press conference
One lane of the Nicosia-Larnaca highway closed due to a serious accident, involving two vehicles, a car and a truck. The accident occurred near the exit for Athienou, with two people reportedly
Consumers were given a respite from hiking prices of essential goods in June powered by the war in Ukraine, which started last year, as 80% of products saw a decrease. According to
By Lukman Otunuga, Senior Market Analyst at FXTM Asian shares flashed red on Tuesday as concerns over China’s sluggish economic recovery weighed on sentiment. The disappointing GDP data published in the previous
The risk of forest fires and their spread remains on red alert Tuesday as Cyprus suffers a prolonged heatwave with maximum temperatures over 41 degrees Celcius, the Department of Forests said. Lighting
Fitch Ratings said the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring. The rating agency has taken positive rating actions on
Cyprus recorded a significant boost in annual tourist arrivals, which surged by 22.7% in June, with British visitors driving a revival in the key sector. According to the latest data by the
Measures to end the mismanagement of Turkish Cypriot properties were announced by the Interior Ministry on Monday following mounting claims of abuse, costing the state millions. The ministry announced the measures following
Redevelopment of Larnaca marina and port will be in full swing from the beginning of 2024, with the €1.2 bln project taking shape. In comments to news site StockWatch, the CEO of
The drilling of an appraisal well at the offshore Aphrodite natural gas field was successfully completed with positive signs of undersea riches, said Energy Minister George Papanastasiou. He told journalists Monday that the
