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July 26, 2024

Electricity market to open in July 2025, Energy Minister says

In July 2025, the electricity market will open and consumers will be able to choose their supplier, as is the case today in the telecommunications sector, Minister of Energy, Industry and Trade, George Papanastasiou, said on Thursday evening, after a …

CBC determines reference interest rate to be 11.76%

The Central Bank of Cyprus, exercising its powers under article 314A of the Cyprus Penal Code, Cap.154, and in accordance with its provisions, determines the reference interest rate to be 11.76%.

“According to the aforementioned article, at the point…