The Electricity Authority (EAC) has urged the government to rethink a prior decision ordering it to cut electricity prices by 8% on a permanent basis, fearing an adverse impact on the electricity utility’s market value.

Visiting Cyprus, EU Commissioner for Enlargement Stefan Fule says the EU has been contributing actively in a way that allows both communities on the island to draw directly from the Commission’s expertise as Guardian of the Treaties.

Space experiments, a planetarium, a space challenge and lecture by a top Soviet cosmonaut are just some of the highlights of the first ever Cyprus Space Week taking place in Nicosia.

Global PV company Hanwha Q Cells and energy storage company Systems Sunlight have teamed up to construct a hybrid power system for telecommunications provider MTN Cyprus.

British Airways announces its biggest ever summer schedule, launching a new route and adding flights to existing popular destinations from Gatwick.

The Cyprus Slovak Business Association has been inaugurated at the Cyprus Chamber of Commerce and Industry to promote, expand and encourage economic and trade relations between Cyprus and Slovakia.

Tseri’s new solar park in the Nicosia district is set to open in October as part of the EAC’s commitment to significantly reduce CO2 emissions, says authority spokesman Costas Gavrielides.

Benefits from the hydrocarbons reserves discovered in Cyprus off-shore blocks will be three-pronged says the Energy Minister, referring to short term benefits, the exploitation of reserves and long term advantages.

EasyJet announces that it has launched direct flights from Larnaca to Basel in Switzerland beginning April 1, 2014.

Bank of Cyprus says it is positively viewing a revised offer to sell its Ukrainian subsidiary to Alfa Group, although the price is thought to be lower than initially agreed.