The global financial system is undoubtedly going through a period of turmoil and uncertainty. Although the banking sector is admittedly in better shape than in 2008, the collapse of Silicon Valley Bank in the USA and Credit Suisse have – as expected – raised significant concerns globally over a possible domino effect. In times of
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Having definitive criteria for renewable hydrogen is key to making investment decisions to launch EU initiatives that can support the growth of the industry, the European Parliamentary Research Service (EPRS) said. EPRS notes that renewable hydrogen has the potential to play a significant role in the energy system as a versatile energy carrier and feedstock that
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Efforts are underway to repair and assess the damage caused by a water leak from a tank adjacent to the servers that provide internet access for the entire government hub. Government internet services have been down since Monday afternoon when water leaked into the server room at the Ministry of Finance. Following the embarrassing incident,
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Total registrations of motor vehicles in March reached 4,270, an annual increase of 75.6%, according to official data. Of the 4,270 new registrations, 2,245 were new motor vehicles, and 2,025 were used. Passenger saloon cars registered a rise of 83% to 3,484, from 1,904 in March 2022. Coaches and buses decreased to just six from
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Trade and Energy Minister George Papanastasiou and the Cyprus Chamber of Commerce and Industry (CCCI) agreed to intensify efforts to reduce electricity prices to enhance Cypriot businesses’ competitiveness. “We have reached an agreement, which basically sets a timetable to implement things that will address the concerns of CCCI members,” said Papanastasiou after meeting the CCCI
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By Edward Moya Crude prices are drifting lower as most energy traders are still on the sidelines until we get a clearer picture on the global growth outlook. There have been a lot of headlines, but nothing is moving oil as prices appear content hovering above the $80 given all the supply challenges. Rising tensions
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The booking system for the Cyprus – Piraeus ferry route opened on Tuesday for passengers wanting to travel to Greece by sea, Shipping Deputy Minister Marina Hadjimanolis said. The link is operated by the same ship Daleela, but with improved and better-quality services, she noted. She said that authorities considered all comments and suggestions made
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Cypriots are investing in cryptocurrencies, as 13% have included a digital currency in their investment portfolio, ranking fourth in crypto-friendly attitudes among the EU27. According to the latest Eurobarometer survey, 13 out of 100 Cypriots have invested in a cryptocurrency at some time, compared to the EU average of 8%. Cypriots are keener on investing
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The Cyprus Football Association (CFA) has received an official request from Greece to host the Greek Cup Final in Nicosia despite concerns over rising hooliganism incidents on the island. The Hellenic Football Association has requested that the Greek Cup Final be held at the GSP Stadium on 20 May. According to the CFA, it has
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Patrick Child, the European Commission’s Deputy Director General for Environment, is impressed with the level of ambition in Limassol on climate transition. The EU Mission manager for climate-neutral and smart cities addressed the Cyprus Forum Cities two-day conference on sustainable planning. Child said in a video message, “Cities are disproportionally impacted by these challenges. “We
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