A recent revelation over inflated subsidies to wind parks is the tip of the iceberg amid wrong choices and failure of authorities to adopt Renewable Energy Sources as an alternative to fossil fuels, say experts. Cyprus is failing to meet its EU energy goals for 2020 while there is no system to promote the use
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When it came to the crux British voters wanted an oven-ready Brexit prepared by celebrity chef Boris Johnson who proved to be a better bet than Jeremy Corbyn’s fence-sitting exercise. Corbyn ran away from Brexit, tried to throw money at the NHS and pretended he didn’t have an image problem while Boris gaffed his way
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By Antonis Loizou The real estate market is improving, with regards, especially, the revival of the demand for residential apartments. After stagnancy of development (2008-2016), an increase in the population, the provision of bank loans (be it with difficulty) and increasing confidence in the economy have caused demand to rise steadily over the last few
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Bank managers are desperately trying to project a positive image of their institutions with shareholders cringing at the thought that profits are not yet healthy enough to get a return on their investments. Staff too are walking in and out of branches like zombies, hoping that they will get a lucrative exit package. This is
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The future of a Cyprus film incentive scheme to attract producers from Hollywood and other bigtime productions looks blurry as its 2020 budget was shackled by MPs. After a heated discussion among MPs, parliament gave the green light for the €8.5 mln reimbursement to the producers of a Hollywood movie filmed entirely in Cyprus, but
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Cyprus on Friday signed a landmark deal with a Chinese-led consortium to build a €290 mln terminal for the import of liquified natural gas for electricity generation, said to be among the biggest energy projects. At a ceremony in Nicosia, Cyprus’ natural gas infrastructure company (ETIFA)) signed a contracted to build its first LNG terminal
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Two prominent women in the Cyprus shipping sector, Despina Panayiotou Theodosiou, co-CEO of the marine communications company Tototheo Maritime and Natasa Pilidou, Deputy Minister of Shipping, have been recognised as leaders in the industry. Theodosiou, president of WISTA, the international body of women professionals, was declared International Personality of the Year at the 16th Lloyd’s List
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The UK general election results saw Cypriot Labour MP Bambos Charalambous keeping his seat at the House of Commons for North London’s Enfield-Southgate constituency, despite the Conservative rout. Labour’s Bambos Charalambous, 52, was re-elected a member of parliament after defeating the Tory candidate David Burrowes by a 4,500 majority and 48.5% of the vote. Labour
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Cyprus President Nicos Anastasiades has welcomed EU leaders denouncing the Turkey-Libya maritime MoU as illegal and reaffirmed the same position over Ankara’s drilling activity in Cypriot waters. Anastasiades expressed his “full appreciation” for the European Council (EUCO) conclusions on the collective response against Turkey’s illegal actions and violation of the sovereign rights of Cyprus and
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By Lukman Otunuga, Senior Research Analyst at FXTM After almost three and a half years since Britain voted to leave the European Union, the country is finally on track to withdraw from the continent next month as results forecast the Conservatives winning a clear majority. If it is confirmed that Prime Minister Boris Johnson has
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