Electricity prices to stay high until 2023

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.

Cyprus’ first green bond issue in 2023

Cyprus will issue its first-ever Green Bond in 2023, aiming to yield up to €1 bln to finance climate-related or special environmental projects. Following the cabinet’s approval last week, the Finance Ministry

All that shines is not political gold

You can tell we are entering an election year with male politicians pruning their feathers to display their presidential credentials. The government is quickly going into ‘administration of the people’ mode, finding


LNG terminal will be ready summer 2023

Cyprus Energy Minister Natasa Pilides is confident the €300 mln Vasiliko LNG import terminal will be completed in the summer of 2023, despite contractors threatening to pull out over extra costs. In


Cyprus bans plastic bags from 2023

Environmentalists have welcomed an outright ban on shops offering plastic bags from February 2023 and the immediate prohibition of oxo-degradable bags. They argue the ban on plastic carrier bags provided by supermarkets


DISY leader to run for president in 2023

Averof Neofytou, the President of Democratic Rally (DISY), the ruling party, announced his intention to stand in the 2023 Presidential Elections. DISY’s Supreme Council meets on March 12, 2022, to elect the