CYPRUS LEADS EU IN OIL DEPENDENCE DESPITE RENEWABLE ENERGY SURGE

CYPRUS LEADS EU IN OIL DEPENDENCE DESPITE RENEWABLE ENERGY SURGE - KNews 30/5 by Martha Kehagias

Island produces 96% of its domestic energy from renewables, yet petroleum products still account for 86% of total available energy.


Cyprus remains one of the European Union’s most petroleum-dependent countries, according to the latest Eurostat energy data, even though renewable sources now account for almost all domestic energy production.

The figures show a country making progress in renewable energy while continuing to rely heavily on imported oil products to meet its overall energy needs.

CRIME ROUND UP

 Pafos Live 30 May 2026

The Police arrested two persons yesterday during the Cyprus Cup Final, at the GSP stadium, in Nicosia. Specifically, a 31-year-old man, for the crime of attacking a supervisor, and a 19-year-old, were arrested, after fireworks, firecrackers and flares were found in his car.

The 31-year-old was arrested by members of the MMAD, for spontaneous offenses, around 5.50 pm yesterday, in the vehicle parking lot of the GSP stadium, where the members of the Police noticed him throwing a lit flare at the supervisor and attacking him.

MAJOR ROAD WORKS

 

MAJOR ROAD WORKS

Famagusta-Larnaca-Larnaca Airport Motorway

On the Larnaca Airport-Paralimni Motorway, in the Larnaca district, in both directions, during the period 07/05/2026-30/06/2026, except Fridays, Weekends and Holidays, between the hours of 08:30-14:30, works will be carried out by the Forestry Department, for pruning and watering plants on the slopes. During the works, part of the shoulder of the motorway from Larnaca Airport to the Rizoelia roundabout will be closed, in sections of 300 meters each time from both directions successively.

On the Larnaca Airport-Ayia Napa motorway, in both directions, including its interchanges, from Tuesday 19/05/2026 to Wednesday 10/06/2026, daily except Sundays and public holidays, between the hours of 08:30–16:30, grass cutting, collection and removal works will be carried out. During the works on the motorway, from Larnaca Airport to the exit to Xylotymvos, in both directions (successively), including its interchanges, part of the shoulder will be closed in sections.

On sections of the Larnaca Airport-Paralimni motorway, from the "Airport" roundabout to the "Agia Napa" roundabout, from 21 May 2026 to 05 June 2026, between the hours of 09:00 in the morning and 05:30 the next morning, weekdays except Public Holidays, Fridays and Weekends, emergency door installation works will be carried out on the central island. During the works, a section of the right lane, adjacent to the central island of the motorway, will be closed simultaneously in both directions, at approximately fifteen different points.

SOUTHFIELDS - The Frog & Toad, Coral Bay - 6 June

 

SOUTHFIELDS

The Frog & Toad, Coral Bay

6 June - 2pm

Basket meals available

Booking essential - 26 343876

FORMER UK HIGH COMMISSIONER IN CYPRUS NAMED AMBASSADOR IN ATHENS

FORMER UK HIGH COMMISSIONER IN CYPRUS NAMED AMBASSADOR IN ATHENS - Cy Mail 29/5 by Tom Cleaver



Former British high commissioner in Cyprus Stephen Lillie has been named as the United Kingdom’s ambassador in Athens.

Lillie served in Nicosia between 2018 and 2022, and said that he was “honoured” to take up the role. He will commence his duties in Athens in September.

MOKAS SEIZED MANSIONS, VEHICLES, CRYPTO AND CASH IN CRIMINAL CASES - VALUE AROUND €91 million

MOKAS SEIZED MANSIONS, VEHICLES, CRYPTO AND CASH IN CRIMINAL CASES - VALUE AROUND €91 million - Filenews 30/5 by Eleftheria Paizanou

Close to €91 million is the value of the assets frozen in the previous two years by the Cypriot authorities, in the context of criminal cases both in Cyprus and abroad, following decrees, has increased. These are large sums of money, crypto-assets, real estate, luxury vehicles,, jewellery, paintings and other luxury items.

According to data from the Anti-Cover-up Offences Unit, in 2025 the total value of the frozen assets amounted to €27.6 million, while in 2024 the value of the frozen assets was €63.2 million.

POSITIVE NEWS FOR THE ECONOMY - MOODY'S MAINTAINED CYPRUS AT LEVEL A3

POSITIVE NEWS FOR THE ECONOMY - MOODY'S MAINTAINED CYPRUS AT LEVEL A3 - Filenews 30/5


The credit rating of the Republic of Cyprus remained unchanged at level A3 in the rating of Moody's International, which was published yesterday. This assessment confirms the resilience of the Cypriot economy, says the Minister of Finance, Makis Keravnos and points out the challenges that the House also highlights from the ongoing negative geopolitical developments.

A relevant announcement states that on May 29, 2026, the international rating agency Moody's published its periodic rating, keeping the credit rating of the Republic of Cyprus unchanged at level A3. As noted, this rating reflects the country's strong economic resilience and its positive medium-term growth prospects, although In the short term, a slowdown is expected due to the risks stemming from the conflict in the Middle East, with implications for tourism and inflation.