Minister of Energy, Commerce and Industry Natasa Pilides said on Thursday that Cyprus` main goal is the completion, by the end of 2022, of the infrastructure development project and the natural gas supply process in the domestic market of Cyprus for en…
Category: Market
European Commission approves €100 mln grant for EuroAsia Interconnector as part of RRP
In a landmark decision, the Council of the European Union has approved the allocation of a €100 mln grant to the EuroAsia Interconnector electricity interconnection as part of the Recovery and Resilience Plan (RRP) for Cyprus to end the energy isolatio…
UN Says Armed Groups Threaten Thousands of Eritrean Refugees in Tigray
GENEVA – The UN refugee agency warns about 24,000 Eritrean refugees trapped in two camps in northern Ethiopia’s Tigray province are in great danger as fighting among armed groups escalates. Concerns are growing for the safety and wellbeing of thousands…
Biden Revives Trump’s Africa Business Initiative
The Biden administration on Tuesday announced a new push to expand business ties between U.S. companies and Africa, with a focus on clean energy, health, agribusiness and transportation infrastructure on the continent. U.S. industry executives welcomed…
CCLEI grows 11.2% in June, indicating the recovery of Cyprus’ economy
The Cyprus Composite Leading Economic Index (CCLEI) recorded a year-over-year increase of 11.2% in June 2021 reaching a level of 108.0, after year-over-year increases of 10.6% in May and 5.5% in April (based on the latest and revised data).The Index w…
Cyprus’ Harmonized Index of Consumer Prices increased by 2.2% in June (Repeat)
The Harmonized Index of Consumer Prices increased by 2.2% in Cyprus in June this year, data released by the Cyprus Statistical Service (CyStat) on Friday show.In particular, the Harmonized Index of Consumer Prices (HICP) increased by 2.2% when compare…