Earthquakes prompt Santorini evacuations
A series of earthquakes that rattled the island of Santorini at the weekend and Monday have prompted evacuations and increased monitoring as authorities assess the situation.
AADE begins online checks for uninsured vehicles
The Independent Authority for Public Revenue (AADE) is set to begin sweeping inspections on uninsured vehicles, as well as vehicles that do not have certificates from the Vehicle Technical Inspection Centers (KTEO) or have unpaid road tax.
Turkish corvette off Crete signals Ankara’s intent
The appearance of a Turkish corvette northeast of Crete on Saturday underscored Ankara’s growing assertiveness in the Eastern Mediterranean, signaling its unwillingness to find a solution that would eventually allow the implementation of the Greece-Cyprus electricity interconnection project (Great Sea Interconnector – GSI) in a way that would not result in a prolonged crisis similar…
Government bill to relieve indebted farmers
The regulation on nonperforming agricultural loans, which is expected to be voted on in February, will provide relief to more than 21,000 farmers and 700 agricultural cooperatives.
14th Athens Energy Summit takes place on Wednesday
The 14th Athens Energy Summit is taking place on Wednesday at the King George Hotel in Syntagma Square, Athens, featuring keynote speakers such as the energy ministers of Cyprus, George Papanastasiou, and of North Macedonia, Sanja Bozinovska, as well as Greece’s Deputy Energy Minister Alexandra Sdoukou.
OpenBusiness platform to cut bureaucracy
The new OpenBusiness information system went online on Monday, the Ministry of Development announced, to replace the NotifyBusiness information system, which from Monday is accessible only for read-only purposes.
Cyprus power market set to open up
A major shift is coming to Cyprus’ electricity market as a new European directive forces changes to the current pricing system.
Retail trade in Cyprus increases
The Statistical Service of Cyprus (CyStat) announced on Monday that its Turnover Value Index of Retail Trade for December 2024 increased by 5.8% compared to December 2023.
Vasilitsi buys Superhome Center stores
Greek company Vasilitsi DIY Ltd has reportedly acquired Cypriot chain Superhome Center for the price of 94 million euros.
Erdogan stresses need for earthquake preparedness after Santorini tremors
Turkish President Recep Tayyip Erdogan emphasized on Monday the need for earthquake preparedness in both Turkey and Greece, following seismic activity recorded near Santorini.