The European Union has taken a significant step towards ensuring affordable, efficient, and clean energy for its citizens through its newly announced Action Plan for Affordable Energy. The plan, revealed on February 26, 2025, by European Commission President Ursula von der Leyen, is designed to highlight the true value of the EU’s Energy Union while […]
Key Cyprus business news includes the EU's Action Plan for Affordable Energy, Cyprus' licensing shortfall for tourist units (only 13.5% licensed), the Cyprus Stock Exchange's gender equality efforts, strong 2024 financial results for Cypriot and Greek banks (including Eurobank's consolidation of Hellenic Bank), a "Fast Track Innovation" program for Cypriot businesses, a January 2025 government surplus, the Cyprus Housing Finance Corporation's planned sale of non-performing loans, a decrease in vehicle registrations in February 2025, and slight setbacks in the Cyprus Stock Exchange with mixed performance among Bank of Cyprus, Demetra Holdings, and Hellenic Bank.