Neophytou: untargeted CoLA is reckless spending
Disy MP Averof Neophytou on Monday slammed the government for what he called reckless spending on payroll, even citing himself as a beneficiary of this ‘largesse’.
Speaking on a television ...
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University of Cyprus rebuked for costly construction delays
The University of Cyprus has been derelict in its management of a contract regarding the construction of facilities on its premises, with cost overruns expected to reach €2.6 million, the auditor-general ...
Limassol man loses $260,000 in crypto scam
A man from Limassol reported to police on Thursday that he had fallen victim to a scam involving cryptocurrencies, where he claimed to have lost $260,000.
According to the 49-year-old’s ...
Finance ministry questions viability of Cyprus-Greece power link
The finance ministry reiterated on Thursday it’s not in a position to evaluate the mooted Cyprus-Greece electricity interconnector project as several parameters remain unknown, while the cost-benefit analysis provided ...
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Cyprus issue tied to Ankara’s EU bid
Nicosia said on Thursday it is “completely satisfied” with the outcome of informal discussions in Brussels between EU foreign ministers and Turkey’s chief diplomat, as EU states reiterated the ...
Lobbyists reminded to file reports or face sentence
The anti-corruption authority on Tuesday reminded registered lobbyists of their legal obligation to file to it reports of any meetings they’ve had with public functionaries over the last six-months.
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Decisions on connecting Cyprus power to Greece due in next few weeks
Decisions regarding the mooted electricity connection between Cyprus and Greece need to be taken sometime in the next few weeks, Energy Minister George Papanastasiou stressed on Tuesday.
He was referring ...
Finance minister ‘not quitting’ over interconnector concerns
Finance Minister Makis Keravnos on Monday waved off the notion he might quit over lingering concerns he has regarding the mooted Cyprus-Greece electricity interconnector.
Speaking to the ANT1 television channel, ...
Israel receives breach of contract notice over Aphrodite gas field
The Israeli partners in the consortium holding the concession on the Aphrodite offshore gas reservoir confirmed on Monday that they had received from the Cypriot government a ‘notice of breach’ ...
Call for tender for beleaguered Vasiliko LNG terminal
The government is due to give the thumbs-up on Tuesday to a call for tender for the selection of a project manager for the troubled Vasiliko LNG terminal.
The decision ...
Who is responsible for high electricity prices?
This week saw the Electricity Authority of Cyprus and private energy producers trading barbs over who is gouging consumers and who’s responsible for the high electricity prices. So what’...
Govt demands EAC action to prevent fire risks
The government on Thursday asked the Electricity of Cyprus (EAC) to take a series of steps to mitigate the risk of fires being caused by faulty equipment or power cables.
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EU vows to protect Great Sea Interconnector amid Turkish monitoring
The European Commission has given assurances that it will use “all the diplomatic means at its disposal” in order to protect the Great Sea Interconnector (GSI) after reports this week ...
Kadis set for bumper salary if becomes EU commissioner
Should Cyprus’ Costas Kadis be confirmed as EU commissioner, he’d receive a generous financial package that includes a host of perks including hotel room service.
It transpired on Monday ...
Interconnector research vessel monitored by Turkish navy
A research vessel conducting surveys of the seabed for the proposed electricity cable linking Greece and Cyprus was this week being monitored at a distance by the Turkish navy, but ...
New gas company head named
A new head of the Natural Gas Public Company (Defa) was appointed on Tuesday after the former chairman passed away.
The new chairman of Defa is Giorgos Ashikalis. He replaces ...
Flight safety assured despite GPS interference
Interference with the GPS system, attributed to the ongoing conflict in the Middle East, continues to affect electronic devices in Cyprus but flight safety is not an issue, the transport ...
EAC is ‘choking off competition’
Independent energy producers on Monday accused the Electricity Authority of Cyprus (EAC) of keeping a chokehold on competitors by placing obstacles in the way of the full opening up of ...
Nicosia hesitant on geopolitical risks of Interconnector project
Nicosia is said to be wary of undertaking the potential geopolitical risks of the Great Sea Interconnector, complicating the mooted project beyond questions of financing, local media reported on Tuesday.
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Smart meter installation to begin in early 2025
The Electricity Authority of Cyprus (EAC) expects to start installing smart meters in the beginning of 2025, the organisation’s board chairman said on Tuesday.
Speaking to the Stockwatch news outlet, ...
Tatar: Cyprus should remain neutral in Mid-East conflict
Turkish Cypriot leader Ersin Tatar on Monday pilloried Nicosia for actions he said put the entire island’s security at risk amid rising tensions in the Middle East, even accusing ...
‘Too many unknowns’ in Cyprus’ flagship push for cheaper electricity
As the debate heats up over the Great Sea Interconnector, with the government poised to decide in about three months on whether to become an equity investor, questions still hang ...
Parliament amends copyright law after presidential referral
In a special session held on Thursday, the House accepted in part the president’s referral back to it of a law relating to how legal entities collect royalties for ...
Nicosia to respond to EU’s €69m LNG refund request by September
By the first week of September Nicosia will respond in writing to Brussels regarding the latter’s request to be refunded for the €69 million in EU grants already disbursed for ...