A big-budget increase for grant schemes to encourage thermal roof insulation and installation of photovoltaic systems in homes built before 2017 was announced by the Energy Ministry. The available budget for 2022-2023 is expected to exceed €20 mln and has been secured through the EU Recovery and Sustainability Plan. Energy Minister Natasa Pilides said the increase in
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The case of a Vietnamese who allegedly acquired a Cypriot golden passport while in custody in his home country has authorities in a tangle. Cyprus legal services are investigating allegations that a Vietnamese investor was granted citizenship while under arrest in his home country. However, the Interior Ministry denies claims the investor was issued a
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Labour Minister Zeta Emilianidou is going through her most difficult hours, said President Nicos Anastasiades after visiting her at the private hospital in Athens, where she is critical. On Wednesday, President Anastasiades visited Emilianidou, still being treated in an induced coma after suffering a brain haemorrhage from a ruptured cerebral aneurysm. “The chief surgeon explained
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No respite from rising energy prices is expected; following warnings of new increases in fuel prices, the Electricity Authority of Cyprus told customers their power bills would not drop before next year. Talking to CyBC radio on Wednesday, EAC’s spokesperson Christina Papadopoulou said electricity bills will not fall before March 2023. Papadopoulou said that electricity
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Cyprus’ banking system is facing disruption after Hellenic bank staff announced they would stage a 24-hour warning strike next week over redundancies. The strike, scheduled for 31 May by the banking employees union ETYK, is a warning shot. It said, “measures will be intensified if the bank’s management fails to comply with the law”. ETYK’s
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Ukrainian authorities have informed Cyprus about their seizure of $420 mln worth of shares and securities linked to the island, which belong to a Russian billionaire and other business people, a Cypriot official. Cyprus government spokesman Marios Pelekanos told the Associated Press that Ukraine raised the matter with “the relevant authorities of the Republic of
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By Jeffrey Halley The Reserve Bank of New Zealand raised policy rates by 0.50% to 2.0% Wednesday morning, with Governor Orr setting a hawkish tone in the press conference afterwards. In the statement itself, the RBNZ’s “least worst choices” policy seemed to imply that, although external risks remained, the domestic economy was strong and could
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Eight out of ten Turkish Cypriots are unable to make ends meet, according to a recent survey carried out in the Turkey-occupied north of the island. An opinion poll conducted by the Centre for Migration, Identity and Rights Studies (CMIRS) showed that 83.73% of people asked were unable to cover the costs for food and
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Turkey and the Turkish Cypriot leadership are fully aware of the position of the European Union against opening up fenced-off Varosha, said Commission spokesperson Stefan De Keersmaecker. He told the Cyprus News Agency that further opening sections of the beach of the abandoned resort were a step in the wrong direction. De Keersmaecker said that the
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President Nicos Anastasiades is flying to Athens to visit Labour Minister Zeta Emilianidou, receiving treatment at a private hospital after suffering a brain haemorrhage. According to the latest update by the Health Ministry, Emilianidou, 67, is critical after being placed in an induced coma following surgery for a rupture of a cerebral aneurism. Government spokesperson
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