Tag: energy prices

Imported oil and grid limits drive energy crisis

Cyprus’ dependence on imported oil is leaving the country exposed to international energy price shocks, while hundreds of gigawatt-hours of potential renewable electricity are...

Central Bank warns prolonged energy shock could fuel inflation

Central Bank of Cyprus Governor Christodoulos Patsalides has warned that prolonged energy pressures are increasing inflation risks and threatening the economic outlook, calling for...

Brent crude hits $115 as European natural gas reaches €96

Oil and gas prices edged lower on Tuesday after recent gains, as renewed diplomatic efforts to reach an agreement in the US-Iran war influenced...

Parliament approves cut in heating fuel tax

The heating fuel tax has been reduced by 6.39 cents per litre, including VAT, after the House of Representatives approved legislation on Thursday. The...

Sterling hits 17-month high against euro

The pound sterling hit a 17-month high against the euro on Monday as political unrest in France and rising energy prices weighed on the...

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Erhürman to attend COP31 summit in Antalya

Turkish Cypriot leader Tufan Erhürman is travelling to Antalya...

ON THIS DAY: World’s first petrol-powered motorcycle unveiled (1885)

On November 10, 1885, German engineer Gottlieb Daimler unveiled...

Third arrest of 35-year-old woman in Peyia murder case

Police have arrested a third person in connection with...

Winners of Stelios Awards for Young Entrepreneurs announced

The Stelios Awards for Young Entrepreneurs in Cyprus have...
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