‘PV for all’ to start early February

Energy Minister George Papanastasiou said that the revised ‘Photovoltaics for All’ scheme, encouraging homeowners to install solar systems on their roofs, will be up and running from the beginning of next month.

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Car sales at four-year high

Sales of saloon cars reached their highest level since 2019, signalling a rebound of the car market after four years of declining trends. By engine type, electric vehicles (EV) and hybrids saw

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‘Unpleasant surprises’ ahead in 2024

The Fiscal Council, a government financial watchdog, is optimistic over the island’s short-term economic outlook, but expressed concerns about potential risks as ‘unpleasant surprises’ may be in the cards for 2024. Michalis

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Crypto is second most popular savings tool in US

Cryptocurrencies now constitute 17% of consumer savings in 2023, placing them as the second most favoured savings method in the United States, according to an analysis by Stocklytics.com. This emerging trend underscores the widespread

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COVID patients nearing 100

Hospitalisations of Covid-19 patients are close to reaching triple-digit figures, as they spiked from 70 to 90 compared to last week, according to the State Health Services Organisation (OKYPY). In comments to

Cyprus president in early cabinet reshuffle

Just ten months into his administration, Cyprus President Nikos Christodoulides has reshuffled his cabinet, replacing four ministers, as well as five junior ministers and commissioners. The reshuffle comes a week after announcing

Ex-NBG exec is new HB chairman

Petros Christodoulou, a former senior executive at the National Bank of Greece (NBG) and with 38 years of international finance experience under his belt, is the new Chairman of Hellenic Bank. The

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Credibility above all else

The new year did not get off to a good start for President Christodoulides. At his first Council of Ministers meeting, he had to look his cabinet members in the eyes and

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Record passengers at Cyprus airports

Hermes Airports, operator of the island’s two main airports in Larnaca and Paphos, announced record passenger traffic of 11.6 mln last year, a 3% increase over 2019 and optimistic of a further

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