Until the completion of the energy transition, natural gas reserves in the Mediterranean can serve as a transitional solution to the EU’s dependency on Russian natural gas, said Andreas Poulikkas, head of
Despite pressures from the government and EU monetary bodies, Cyprus banks still charge higher interest rates for loans and lower rates for deposits than most eurozone countries. Data released by the European
The government will introduce stricter rules at Green Line crossings to clamp down on abuses related to purchasing cheaper fuel from the Turkish-occupied north, said Energy Minister George Papanastasiou. The minister’s statement
President Nikos Christodoulides was among the first leaders to congratulate New Democracy President Kyriakos Mitsotakis for winning the Greek elections, revealing he would visit Cyprus soon. In a post on Twitter, President Christodoulides
The reputation of Cyprus’ best-known resorts of Protaras and Ayia Napa is being harmed by tourists leaving negative comments over noise pollution, warn tourism stakeholders. In comments to Phileleftheros daily, hoteliers warned
The European air connectivity report reveals incomplete and imbalanced recovery, pointing to systemic changes in the aviation market, although Cyprus is among the few doing better post-pandemic. ACI EUROPE Monday published the
The government will decide this week whether to continue a freeze on consumer tax on fuel and a subsidy on electricity bills under pressure from petrol station owners. The relief measures introduced
TUS Airways operated its first flight to Amman last week. Flight U8 724 was greeted with a traditional water cannon salute along with warm hospitality at Queen Alia International Airport. Flights between
The Israeli government has claimed that Cypriot authorities have thwarted an Iranian plot to carry out an attack against Israelis in Cyprus. Israeli Prime Minister Benjamin Netanyahu’s office released a statement on
By Naeem Aslam European and US futures are trading modestly higher to kick off the week, while investors are wondering what is in store for the markets in H2 of this year,
