In Cyprus, the share of gross final energy consumption from renewable sources improved to 18.4% in 2021 but is still below the European average of 21.8%. However, it has increased steadily since 2004 and the country’s accession into the EU, Eurostat data on Friday show. Compared to 2020, the share increased by 1.5 percentage points (from 16.9%).
More
Cyprus reported ten COVID-19 deaths during the past seven days, two more from last week, with a significant drop in new infections and a stable number of hospitalisations, as health officials play down a surge due to new variants. Due to a possible arrival of the Kraken variant, infectious diseases expert Dr Maria Koliou said
More
Finance Minister Constantinos Petrides has refuted claims by US news channel CBS that Cyprus is not effectively enforcing EU sanctions against Moscow because it’s a haven for the money of Russian oligarchs. In a written statement, Petrides claimed: “From the moment the sanctions were adopted, misinformation and fake news that painted Cyprus as opposed to
More
A road accident in Limassol involving three cars and a motorcycle turned into a street fight, with more than 80 people reportedly throwing punches at each other. The road accident happened at the busy junction between Spyros Kyprianou and Theodoros Potamianou Avenues on Wednesday at 9 pm. The accident involved three cars and a motorcycle,
More
President Nicos Anastasiades said that Russia could not expect Cyprus to break away from the EU’s collective decisions on sanctions against Moscow over Ukraine. The President was asked to comment on Russian Foreign Minister Sergey Lavrov’s statement that the governments of Cyprus and Greece have undergone a “transformation” in their attitude toward Moscow. “I want to
More
Cypriot banks enter the cycle of uncertainty created by the war in Ukraine in a strong position, said Andrea Enria, President of the European Central Bank Supervisory Council. He called for vigilance over credit risk due to a potential economic downturn and to avert a possible wave of non-performing loans. In an interview with CNA
More
By Craig Erlam It’s been a solid start to the year for equity markets, but that optimism appears to be fading as policymakers queued up in Davos to push back against market interest rate expectations. Let’s be clear, markets have a much better record over the last 18 months of anticipating shifts in interest rates
More
The Pharmaceutical Services have urged Cyprus-based drug companies to step up production of antibiotics and cough syrups, as they fear that a global shortage in medicines could affect the island. In comments to Phileleftheros daily, the head of the services, Dr Helena Panayiotopoulou, said: “Pharmaceutical companies in Cyprus have confirmed there is no shortage of
More
Cyprus is moving forward with its green agenda by promoting electric vehicles and charging infrastructure to build sustainable cities, said the Minister of Transport Yiannis Karousos. He unveiled a new free electric vehicle charging point in the heart of the capital, an initiative of the Pilakoutas Group and Troodos Electric Cables with the support of
More
Creating an independent court service will contribute to the efficient delivery of the notoriously slow justice system, said Stephie Dracos, Minister of Justice. Drakou was at the closing ceremony, which marked the completion of a project on establishing an independent court service to re-engineer the court registries, funded by the European Union and implemented by
More
