New technology can enable the economic recovery of important metals from mining waste created decades ago, improving resource efficiency, and contributing to CO2 reduction while facilitating the rehabilitation of abandoned mine sites across Cyprus. Cyprus has a mining history of at least five thousand years, which has historically generated over US$10bn in today’s prices. It
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Finance Minister Constantinos Petrides shot down two bills tabled by the Opposition targeting excess profits with a 90% windfall tax on producers of Renewable Energy, arguing they lack fiscal logic. “The two AKEL law proposals, for a windfall tax on profits of renewable energy production companies, and the imposition of a retribution fee on bilateral
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Six bishops are contesting to become the next Archbishop of the Cyprus Church after they submitted their candidacies for the 18 December vote. Commissioner for the archbishopric elections Ioannis Charilaou said there are now six candidates. Those candidates were Paphos Bishop and caretaker of the throne Georgios, Limassol Bishop Athanasios, Morphou Bishop Neophytos, Constantia-Famagusta Bishop
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Israeli football fans can fly directly to Doha for World Cup games after Qatar approved the TUS Airways flights despite severed diplomatic ties. Israel and FIFA said that Qatar had agreed to special direct flights but did not provide details. Larnaca-based TUS Airways is offering six flights with a stopover in Cyprus. TUS Airways received
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Cyprus’ Telecommunications Authority (Cyta) is to absorb the additional cost of inflation and energy, putting their record profits to good use. Talking before the House Finance Committee, the chair of Cyta Michalis Ioannides said the increased energy cost, services, and materials will not be rolled down to consumers. As a result of investments made in
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Google Pay solution, the mobile payments app introduced in 2020, has recorded a 91% increase in the number of merchants using its platform in the last two years, according to a survey by TradingPlatforms.com . “T2P technology is quickly becoming mainstream and with more businesses embracing Google Pay, consumers are increasingly looking for new ways to
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Cyprus construction stakeholders fear the industry may be growing too fast, endangering a healthy recovery from the coronavirus pandemic and a steep increase in the cost of building materials. Developers believe the construction sector will not be able to handle all the projects in the market, from housing to public infrastructure. In comments to news
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Wizz Air, Europe’s fastest-growing airline globally, announced further expansion to its base in Cyprus, where it allocates two of its Airbus A321neo aircraft to increase capacity to four planes. The allocation of the aircraft is enabling the launch of three new routes and increased frequency on six routes from Larnaca Airport. The new routes can
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Recently the European Parliament took a decisive decision on the future of Europe. It approved the Reporting Rules on the Corporate Sustainability Reporting Directive (CSRD) to make the EU a global leader in Sustainability reporting standards. With the CSRD, an evolution of the existing Directive on Corporate Social Responsibility (CSR), transparency in matters of Environment,
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Attorney General George Savvides has accused MPs of dragging their feet in approving a bill that would clamp down on fake news and threats on social media. Appearing before the House last week to present his office’s budget for 2023, Savvides argued that while swearing at someone on the street is a criminal offence, threatening
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