Nicosia: A distributed energy storage system with a capacity of 120 MW is set to be operational by June 2026, as announced by George Papanastasiou, Minister of Energy, Commerce and Industry. This announcement was made during the presentation of the Cyprus Electricity Authority’s (EAC) 2024 annual report. The system will
Nicosia: Finance Minister, Makis Keravnos, expressed on Monday ‘full satisfaction’ with the findings of the European Commission’s Autumn 2025 Economic Forecast for Cyprus, noting, in a written statement that the report clearly confirms the steady progress, resilience and momentum of the country’s economy amid a global environment of geopolitical turbulence.
Brussels: Deputy Minister for European Affairs, Marilena Raouna, highlighted the strategic significance of the Middle East as a key agenda item for the European Council, emphasizing its proximity to the European Union. Speaking ahead of the Monday General Affairs Council meeting, she outlined Cyprus’s role in fostering EU relations in
Nicosia: The Cyprus Stock Exchange (CSE) All Share Index closed the trading session with notable declines across several key indices. The indices’ base values for the meeting, dated 17/11/2025, highlighted a range of movements in the market. According to Cyprus News Agency, the FTSE/CySE 20 Index decreased by 0.410%, closing
Nicosia: The European Commission’s Autumn 2025 Economic Forecast for Cyprus is positive, highlighting robust economic growth of 3.4% in 2025, driven by domestic demand, investment, and service exports. According to Cyprus News Agency, inflation has decreased to 0.9% in 2025 and is expected to stabilize close to 2% by 2027,
Nicosia: The Cyprus Department of Meteorology has issued a forecast for the sea area of Cyprus, covering a period from 1800 on November 17, 2025, until 1800 on November 18, 2025. The forecast indicates that high pressure is currently affecting the area, resulting in mainly fine weather with locally increased
