THE TWO DANGERS OF HORMUZ THAT KEEP ENERGY MARKETS IN TURMOIL

 

THE TWO DANGERS OF HORMUZ THAT KEEP ENERGY MARKETS IN TURMOIL - Filenews 3/4

By George Calhoun

The narrative of economists is that the price of gasoline is shaped by the balance of supply and demand at a given time – the "spot price". But the supply of gasoline in the U.S. hasn't changed, and inventories are plentiful. Demand (consumption) remains stable. There are no shortages, no queues at gas stations. Unlike in the 1970s, when the US imported energy, today it produces much more than it consumes and exports the rest. In fact, the U.S. is the world's largest exporter of gasoline, a "safety cushion" from price fluctuations — or so it should be.

27th TOURISM EXHIBITION - "TRAVEL EXPO CYPRUS" - 17-19 April, Nicosia

 

27th TOURISM EXHIBITION - "TRAVEL EXPO CYPRUS" - Filenews 3/4

The Association of Travel and Tour Operators of Cyprus (ACTA) and the Display Art Plc Group of Companies are pleased to announce the organization of the 27th Tourism Exhibition "TRAVEL EXPO CYPRUS".

TRAVEL EXPO CYPRUS 2026 will take place on April 17 – 19 at the State Exhibition Venues in Nicosia.

VISIBLE RISK FOR LEGAL ADVENTURES OVER FORECLOSURES - VOTE ON MONDAY

 

VISIBLE RISK FOR LEGAL ADVENTURES OVER FORECLOSURES - VOTE ON MONDAY - Filenews 3/4 by Eleftheria Paizanou

With the visible risk that some legislative regulations on foreclosures will be referred back to Parliament, due to issues of unconstitutionality, 21 pieces of legislation are being brought before the Plenary on Monday that bring about changes in the legal framework for foreclosures, guarantors, the Out-of-Court Settlement of Financial Disputes Body and the insolvency framework.

Yesterday, the members of the parliamentary Finance Committee concluded the debate and decided which of the proposed legislation will be withdrawn, which will be sent to the new Parliament and which will be put to a vote on Monday.

INCREASES OF 13.3% IN AGRICULTURAL PRODUCTS AND 6.2% IN FOOD

 

INCREASES OF 13.3% IN AGRICULTURAL PRODUCTS AND 6.2% IN FOOD - Filenews 3/4 by Theano Thiopoulou

Also, the route of a wide range of products from the field to the supermarket shelf needs oil for transportation and electricity for processing and cooling. Analysts warn that the disruption in energy flows of recent weeks has not yet been fully reflected in the global economy and that a successive supply shock is likely in April. Still, the crucial question of the end of the war with Iran remains unanswered, prolonging the turmoil in energy prices.

TOURISM IS IMPROVING, BUT AT A SLOW PACE

 

TOURISM IS IMPROVING, BUT AT A SLOW PACE - Filenews 3/4 by Charalambos Zakos

Bookings for the summer are very low, at least so far, while at the same time travel packages to Cyprus have already been cancelled, according to what the President of the Association of Travel and Travel Agents of Cyprus (ACTTA), Haris Papacharalambous, told "F".

Mr. Papacharalambous, asked about the current picture in tourism, said that there has been an improvement compared to the first weeks of the conflict in the Middle East, however this improvement is moving at a slow pace, warning that if this situation does not change then a serious problem will arise with tourism.

FUEL - NEW PRICES TOMORROW - CONTINUOUS INCREASES WILL ABSORB FUEL REDUCTIONS

 

FUEL - NEW PRICES TOMORROW - CONTINUOUS INCREASES WILL ABSORB FUEL REDUCTIONS - Filenews 3/4 by Eleftheria Paizanou

The reductions of 8.33 cents per liter in motor fuels will hardly be felt in the pockets of consumers, as increases in fuel prices will absorb them.

Since the day the US-Israel war clashes with Iran broke out, the price of gasoline has risen by 27.4 cents and diesel by 47.7 cents per liter, so the reduction that will occur from Saturday will disappear and will only reduce the burden somewhat.

SCHOOL CAMERAS - THEY WILL KEEP DATA FOR 10 DAYS DURING THE EASTER PERIOD

 

SCHOOL CAMERAS - THEY WILL KEEP DATA FOR 10 DAYS DURING THE EASTER PERIOD - Filenews 3/4 by Evangelia Sizopoulou

The extension of the retention time of the data recorded by the closed monitoring circuits installed in schools, was approved by the competent Commissioner for Personal Data Protection.

A decision, which is temporary and will only apply for the Easter period, when, as is well known, several schools in recent years have been targeted by vandals. Under the pretext of Easter customs, young people find the opportunity to enter the premises of school units and carry out destruction. From breaking classrooms to arson. Incidents that every year sound the alarm in schools, the Ministry of Education, Local Government, the Fire Service and of course, the Police. Regarding the extension of the retention time of data on school cameras, the Ministry of Education informed the school administrations and the School Boards that this will apply for ten days instead of the three days that is normally the case. On the basis of this decision, the School Boards are called upon to immediately inform the companies that have installed the closed circuits in schools, about the temporary change in the regulation of recording hours.

At the same time, information is also provided on the recommendations of the Police based on which in case of a traffic alert in the school units where there is an installed monitoring circuit, the school director or his authorized officer should immediately inform the Police Directorate of his province, so that it is possible to deal with incidents in a timely manner