24 h. ago Total electricity demand to hit 1090 megawatts, close to yearly record

Electricity demand is expected to reach 1090 megawatts (mw) on Thursday, remaining at roughly the same levels as Wednesday. The demand is expected to reach 1090 mw between 2pm and 4.30pm. From 7pm to 11pm, during which demand is covered by conventional electricity production as there is no photovoltaic production, demand is expected to hit […]

Events

45 h. ago Cyprus curtails as much renewable electricity in first half of 2025 as whole last year

Cyprus curtails as much renewable electricity in first half of 2025 as whole last year  Balkan Green Energy News

Politics

46 h. ago Electricity group raises alarm over LNG and GSI project delays

The Electricity Market Association (EMA) on Wednesday expressed concern over two critical energy projects that directly affect Cyprus’ energy future. These include the Vasilikos liquefied natural gas (LNG) terminal and the Cyprus-Greece electricity interconnection (GSI). In a statement following a House Energy Committee session on Tuesday, the Electricity Market Association (EMA) issued a call to […]

Events

68 h. ago Cyprus considers electricity bill surcharge to fund €25 million energy project payment

Cyprus considers electricity bill surcharge to fund €25 million energy project payment  Kathimerini.com.cy

Economics

5 d. ago New policy by local electricity authority not fit for purpose

I am reaching out to bring attention to a recent policy change by our local electricity authority that is causing concern among many residents and deserves public attention. As of now, individuals who need to request a payment plan are required to appear in person at the authority’s offices. This decision poses major problems for the general […]

Events

7 d. ago Cyprus Business Now: Admie, properties, SMEs, inflation, unemployment

Greece’s power grid operator on Thursday pushed back against mounting criticism over its demand that Cyprus cover part of the costs for the undersea electricity interconnection project linking Cyprus, Greece, and Israel. The independent power transmission operator (Admie) insisted that Cyprus’ delay in honouring its obligations under a bilateral agreement threatens to derail the entire project, […]

Economics

8 d. ago Greece warns Cyprus to pay or risk power interconnection collapse

Greece’s power grid operator on Thursday pushed back against mounting criticism over its demand that Cyprus cover part of the costs for the undersea electricity interconnection project linking Cyprus, Greece, and Israel. The independent power transmission operator (Admie) insisted that Cyprus’ delay in honouring its obligations under a bilateral agreement threatens to derail the entire […]

Events

9 d. ago Secrental drives regional growth with AI innovation and rapid expansion

Founded in Cyprus in 2022, Secrental has rapidly emerged as a benchmark for innovation in the digital car-rental industry. By creating a transparent, intelligent ecosystem for car bookings, the platform empowers local car-rental companies to thrive in a highly competitive market. Secrental’s technology uses advanced artificial intelligence to optimise bookings, connect travellers directly with trusted […]

Politics

1 week ago Limassol faces lifeguard shortage as summer crowds hit beaches

Limassol is grappling with a serious lifeguard shortage, raising concerns over beach safety as crowds flock to the coast for the summer. Only 43 out of 79 approved lifeguard positions have been filled across the Limassol district, according to Electra Panayiotou, the acting district officer, who spoke to the Cyprus News Agency. At present, just […]

Events

1 week ago Cyprus urged to decouple renewable prices from fossil fuel volatility

Cyprus must urgently decouple renewable energy prices from volatile fossil fuel costs to ensure stability and fairness in its electricity market, according to energy systems expert and former Cyprus Energy Regulatory Authority chairman Andreas Poullikkas. Poullikkas mentioned that Cyprus is preparing to implement the European Target Model in its electricity sector. He described the move […]

Politics

1 week ago New €2.5m electric vehicle subsidy plan expected to be exhausted early

The government’s new subsidy plan for electric vehicles is expected to be fully claimed before its official deadline, Transport Minister Alexis Vafeades said on Saturday, pointing to considerable interest from car importers and the public. With the new plan, Vafeades said, the government would invest state resources amounting to €2.5 million. “Therefore, we are starting […]

Politics

2 w. ago Cyprus recorded highest electricity demand of 2025 on Thursday

Cyprus recorded highest electricity demand of 2025 on Thursday  Philenews

Politics

2 w. ago Cyprus Business Now: taxes, workforce, electric vehicle scheme, seafarers

Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for work between 2021 and 2023. The total salaries declared by these employees reached €1.31 billion, with exemptions ranging between 20 and 50 per cent depending on […]

Economics

2 w. ago Pepe Coin (PEPE) competitor poised for 55x returns, priced cheap below $0.002

Pepe Coin (PEPE) has become one of the most popular meme coins, due to its loyal community and a market capitalization of almost $4 billion. However, a new competitor, Little Pepe ($LILPEPE), is emerging that could provide a substantial 55x return by the end of the fourth quarter of 2025. As of the time of […]

Economics

2 w. ago Cyprus launches €2.5M plan to support electric and hybrid vehicle buyers

Cyprus launches €2.5M plan to support electric and hybrid vehicle buyers  Kathimerini.com.cy

Politics

2 w. ago Government approves €2.5m scheme to support electric vehicle uptake

The Cabinet on Wednesday approved a new €2.5 million scheme to promote the adoption of electric vehicles in Cyprus, according to Transport Minister Alexis Vafeades. He said the plan aims to strengthen the market for electric and hybrid vehicles through government funding, adding that electric mobility is a key priority for Cyprus and essential to […]

Politics

2 w. ago Cyprus opens electricity market to competition on October 1st

Cyprus opens electricity market to competition on October 1st  Kathimerini.com.cy

Sport

2 w. ago CSE outlines certification process for electricity market energy clearers

The Cyprus Stock Exchange (CSE), acting as the clearing body for the competitive electricity market (CEM), on Monday announced the launch of a certification process for energy clearers. The process includes an online seminar on July 3, 2025, which will cover the clearing terms of the competitive electricity market, followed by a written examination scheduled […]

Science

2 w. ago Cyprus ranks fourth lowest in EU for renewable energy in early 2025

Cyprus recorded the fourth lowest share of renewable energy in net electricity production among EU member states during the first quarter of 2025, according to data released by Eurostat. Across the European Union, 42.5 per cent of net electricity generated in the first quarter of 2025 came from renewable sources. This marked a decrease of […]

Politics

2 w. ago Cyprus approves electricity grid storage projects to boost energy reliability

Cyprus approves electricity grid storage projects to boost energy reliability  Kathimerini.com.cy

Science