US facing energy crunch

A new note from research consultancy Energy Aspects cautioned that US crude oil output from shale basins could peak in 2024. The note referenced five crude oil producers in the US considering

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Freeze on foreclosures ‘threat to recovery’

Finance Minister Constantinos Petrides will ask President Nicos Anastasiades to return the House’s decision to extend a foreclosure freeze, arguing that Cyprus’s credibility among foreign investors and creditors will be shaken. “Unfortunately,

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Cyprus still accepting Ukraine refugees

Ukrainians fleeing the Russian invasion that received temporary protection status in the European Union fell in 18 of 25 Member States but not Cyprus. Cyprus had the third largest increase during September,

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Three guards arrested in prison murder

Three prison guards were arrested concerning the murder of 41-year-old Turkish Cypriot Tansu Cidan, who was brutally beaten to death in Nicosia Central Prisons on 27 October. Reports suggest the arrests came

COVID19: Seven deaths, authorities on alert

Cyprus reported another seven Covid-19 deaths in the past week, increasing concerns among health experts urging the elderly to roll up their sleeves for a second booster shot. The Health Ministry said

Traffic cameras snap 450 violations daily

Some 65,000 fines have been sent to motorists caught violating traffic rules by newly introduced speed cameras, with several thousand more being processed. According to data by US operators Conduent State &

CySEC quiz to improve financial literacy

The Cyprus Securities and Exchange Commission has launched its first online quiz for the public to evaluate how much they know about investments and test their knowledge of basic financial matters. The