Cyprus fails RES targets

Despite recording the third biggest increase in the share of renewable energy in transport, Cyprus is ranked sixth from the bottom among EU member states, missing its 2020 target. Environmentalists say last-minute

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High on liquidity, but no loans

Cyprus banks deny accusations that despite excess liquidity of €21.7 bln, they are hesitant to redirect the cash flow back into the capital-starved economy through lending to new and existing businesses. Banks

When the roof falls in

When a nearly dilapidated house in Aradippou collapsed earlier this week, initial reports suggested it was a minor incident and that there were no injuries. The mayor even told CyBC radio that

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Cyprus starts extradition of Chinese pair

A Cyprus court Friday launched official extradition proceedings of a Chinese mother and son linked to US-lobby groups despite defence objections over lack of documentation. The extradition hearing at Paphos district court

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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

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New bank loans up 22% in 2021

Total new bank loans in Cyprus increased by 22.2% in 2021 compared to the previous year, coming close to the levels of pre-coronavirus 2019, with deposits also taking off. According to the

Heavy thunderstorms alert

Local thunderstorms, lightning and hailstones caused power cuts in Limassol and Paphos villages as an alert said bad weather would continue until Friday. Troodos, Paphos and Nicosia saw hail, while the rest

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Saudi opens new window for defence ties

A visit of Saudi Arabia’s Armed Forces chief to Cyprus opens a “new window of cooperation” between the two countries, Defence Minister Charalambos Petrides said. President Nicos Anastasiades received on Wednesday the

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