A US-brokered draft deal between Israel and Lebanon over a dispute in demarcating a maritime border between them may help Cyprus to settle its issues with the two neighbouring countries. On Sunday,
The outlook for Europe’s economic growth continues to deteriorate with the combination of tightening monetary policy, high interest rates, high inflation, and concerns about the supply and cost of energy. At the
Main opposition party AKEL has tabled two bills targeting excess profits with a whopping 90% windfall tax on energy producers working with Renewable Energy Sources. The bills tabled by the left-wing party
Cyprus will request exemption from EU measures on a mandatory 5% reduction of energy demand during peak hours and a cap on the additional profits of companies that produce energy using lower-cost
The government has extended reduced excise duties on fuel until 15 January 2023 in a bid to alleviate the effects of soaring inflation driven by the war in Ukraine. Finance Minister Constantinos
Liberalising Cyprus’ electricity market is hampered by authorities dragging their feet over an employment framework of the Transmission System Operator, according to MPs. Chair of the House Energy Committee and DISY MP,
Cyprus and Israel agreed Monday to resolve speedily a long-running dispute on exploiting a natural gas reservoir that straddles the maritime boundaries of both countries, energy ministers said. Israeli Energy Minister Karine
Israeli Energy Minister Karine Elharrar is in Cyprus for direct talks with her Cypriot counterpart, Natasa Pilides, to resolve a dispute over exploiting a joint gas reservoir. The meeting takes place after
The partners in exploiting Cyprus’ Aphrodite gas field have approved a $192 million investment to begin drilling and cover other development costs for the offshore project, Israeli firm NewMed Energy said. Most
Cypriot consumers will have to get used to living with high energy costs for the foreseeable future as failure to decarbonise the economy has authorities paying tens of millions of euros for
