‘FuelEU’ crucial for sustainable shipping

The FuelEU Maritime regulation is crucial for promoting the uptake of sustainable and scalable fuels in shipping, ECSA President Philippos Philis said. As the guest speaker at the Cyprus Marine Club monthly

Business bankruptcies decrease, rise in the EU

Bankruptcy declarations among EU businesses increased substantially in the fourth quarter of 2022 (+26.8% from the previous quarter), but Cyprus showed a decrease (-13.4%), according to Eurostat. During Q4 2022, bankruptcies in the

Cyprus rallies EU shipping support

Cyprus is speaking to fellow European Union countries to shore up support for the shipping industry hit by sanctions on Russia. Cyprus has the third-largest shipping fleet in the EU after Malta and Greece. It has

Christodoulides wants more EU involvement

President-elect Nikos Christodoulides said he would promote in Brussels his proposal for more hands-on EU involvement in efforts to reunify Cyprus. “I am talking about the need for a more active and

Household consumption spending rising

European Union household consumption expenditure saw the second largest annual increase in Cyprus, with almost 13% behind Croatia (21.2%), according to Eurostat. In 2021, household consumption expenditure in the EU increased by