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US ambassador's comments on Cyprus-Russia fire up Twitter, local politicians (Updated with ...

By Jean Christou US AMBASSADOR John Koenig on Monday said a tweet he posted on Sunday regarding President Nicos Anastasiades’ visit to Russia, which brought almost the entire politic..more
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RSPB, Oxfam, the WI and a whole host of others club together to urge coal phase out

A couple of weeks ago David Cameron, Nick Clegg, and Ed Miliband signed an agreement to work together to tackle climate change. This announcement included an unprecedented pledge to phase ou..more
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A chance for greater protection of the Arctic

Government members from all over Europe are meeting this week for the OSPAR (named after the Oslo and Paris Conventions) Convention's Biodiversity Committee (BDC) in Cork, Ireland. They hav..more
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Fears Cyprus is 'breaking ranks'

By Angelos Anastasiades PRESIDENT Nicos Anastasiades’ remarks against EU-imposed sanctions on Russia at a press conference in Moscow were “surprising” and “made no ..more
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Greece set to get green light for EBRD support

By Marc Jones Greece is expected to be given the green light early next week for what could add up to well over a billion euros of cheap aid and funding support from the European Bank for ..more
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Exclusive - Greece set to get green light for EBRD support

Reuters &nda sh; By Marc Jones LONDON (Reuters) - Greece is expected to get the green light early next week for what could add up to over a billion euros of funding s..more
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Woofers' new duty is keeping the peace on Cyprus

Comments (0) IT'S known as the "Green Line" – a "no man's land" between the once-warring sides that split apart Cyprus – and it's now being patrolled by the East Midlands' ..more
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Operation Tosca: Remembering a time when the bullets flew

Comments (0) Bullet holes pepper the side of most of the buildings you see on a standard patrol of Cyprus’s Green Line: remnants of a war that remains politically unfinished. The..more
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In pictures: Turning down the heat on Polar Bear Day

A very special day is almost upon us! Polar Bear Day on 27 February celebrates the world's largest bear, raising awareness about issues like climate change and oil exploration which threaten..more
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Renewables CfD auction - Greenpeace response

“Today’s announcements show renewables’ costs are plummeting, and will mount a growing challenge to conventional sources of power in delivering energy security for the UK. ..more
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HOT OF THE PRESS

(Bloomberg) -- There was a time when a Cypriot on a moderate income could take a gamble on foreign real-estate worth more than his life savings.One banking crash, three and a half years of recession and an international bailout later, 58-year-old Stelios Charalambous is among the Mediterranean island nation’s many debtors who realize that time has passed. “I took a 70,000-euro loan six years ago from a cooperative bank in the days when no one asked you many questions, and I bought six plots of land in Romania,” the Nicosia-based chiropractor said in an interview. “Now I’m earning half what I was and no one wants to buy my Romanian land. I realized I could afford to pay my children’s university expenses or my loan. I chose my kids and no one can blame me.” The European Central Bank, which holds a policy meeting in the euro area’s easternmost capital on Thursday, cares about such cases as they add up to almost 900 billion euros ($1 trillio..more
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By Elias Hazou The Renewable Energy Sources (RES) Fund, financed by consumers through electricity bills, will this year post a deficit because of the power utility’s reduced revenues due to lower fuel prices. The government is considering plugging the hole by spreading the cost among consumers and RES operators. However, the extra cost charged to consumers would be tiny, energy minister Giorgos Lakkotrypis said on Tuesday, following discussion at the House commerce committee. “It is a headache, but a pleasant one, because any extra charge on consumers would be negligible compared to their savings due to the current [lower] price of electricity,” he said. One scenario mulled by the ministry would see the special RES fee, currently €0.005 per kWh, jacked up to €0.006 or €0.007 per kWh. Officials estimate that for the RES fund to be solvent, the production cost – known also as the avoidance cost – must be 11 cents per kWh. But currently, due ..more
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By Elias Hazou The Renewable Energy Sources (RES) Fund, financed by consumers through electricity bills, will this year post a deficit because of the power utility’s reduced revenues due to lower fuel prices. The government is considering plugging the hole by spreading the cost among consumers and RES operators. However, the extra cost charged to consumers would be tiny, energy minister Giorgos Lakkotrypis said on Tuesday, following discussion at the House commerce committee. “It is a headache, but a pleasant one, because any extra charge on consumers would be negligible compared to their savings due to the current [lower] price of electricity,” he said. One scenario mulled by the ministry would see the special RES fee, currently €0.005 per kWh, jacked up to €0.006 or €0.007 per kWh. Officials estimate that for the RES fund to be solvent, the production cost – known also as the avoidance cost – must be 11 cents per kWh. But currently, due ..more
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By Elias Hazou Former energy regulator Costas Ioannou is facing trial on charges of corruption and money laundering in relation to a power production licence he awarded a Russian company in 2009. The police investigations, which took place in Cyprus and in Russia, date back to 2013. Authorities were recently able to line up all the pieces in the puzzle when, having secured a court order, they went through the accounts of a company ultimately belonging to Ioannou. Police discovered that two transfers, for €50,000 and €16,000, were made into the company’s bank account in the Channel Islands. The cash was allegedly a bribe to grease a deal whereby Ioannou, at the time head of the Cyprus Energy Regulatory Authority (CERA), was to grant a license to a Russian concern to build and operate a power station in Mari. The license was granted in August 2009. The power station was never built. Also facing charges in the same trial are Russian national Irini Bikova, her Seychelles-..more
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By Elias Hazou The Renewable Energy Sources (RES) Fund, financed by consumers through electricity bills, will this year post a deficit because of the power utility’s reduced revenues due to lower fuel prices. The government is considering plugging the hole by spreading the cost among consumers and RES operators. However, the extra cost charged to consumers would be tiny, energy minister Giorgos Lakkotrypis said on Tuesday, following discussion at the House commerce committee. “It is a headache, but a pleasant one, because any extra charge on consumers would be negligible compared to their savings due to the current [lower] price of electricity,” he said. One scenario mulled by the ministry would see the special RES fee, currently €0.005 per kWh, jacked up to €0.006 or €0.007 per kWh. Officials estimate that for the RES fund to be solvent, the production cost – known also as the avoidance cost – must be 11 cents per kWh. But currently, due ..more
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