The world must condemn Vladimir Putin’s acts of aggression so he can no longer jeopardise global energy and food security, said Erika Olson, US Deputy Assistant Secretary of State for Southern Europe.
A prudent fiscal stance is necessary to maintain buffers to enable government support to the vulnerable during the current energy crisis, warned Finance Minister Constantinos Petrides. “In this new era, we should
Two landmark events this week allowed Cyprus to get back on the regional and European energy map. The current administration has kept energy high on its agenda. Still, the next holders of
The much-awaited liberalisation of Cyprus’ energy market has been slotted for mid-2023, as the government informed the House it is adding the final touches to the regulatory framework. The Transport Ministry told
Cyprus is heading for an uncertain winter, although there is less worry here about the pending power cuts because of a gas shortage due to sanctions on Russia. Europe is scrambling for
Cyprus will not be seriously affected by an energy supply crunch tied to the war in Ukraine threatening to cause widespread blackouts across the European Union this winter, say analysts. Nevertheless, as
EU leaders on Friday met in Prague in a bid to bridge divisions on how to tackle soaring energy prices as they grapple with the fallout from Russia’s war on Ukraine, with
Europe’s energy crisis will not just be for this winter. Europe is expected to face similar problems next winter and probably beyond, driven by tight global gas supply and increasing competition for
The outlook for Europe’s economic growth continues to deteriorate with the combination of tightening monetary policy, high interest rates, high inflation, and concerns about the supply and cost of energy. At the
Cyprus will request exemption from EU measures on a mandatory 5% reduction of energy demand during peak hours and a cap on the additional profits of companies that produce energy using lower-cost
