Sapienta Cyprus Selection, 3 Nov 2022

Regular Cyprus-relevant links

A weekly selection of links to articles of medium- to long-term relevance to people living and doing business in Cyprus. Topics marked with * will be analyzed in our next monthly issue of Sapienta Country Analysis Cyprus. 

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Banks. The European Central Bank (ECB) has given Eurozone banks including thos in Cyprus a tough deadline on climate risks. We shall be analyzing* the vulnerability of Cyprus banks in our end-November issue.  News article from Reuters: https://www.reuters.com/business/cop/ecb-wants-put-banks-schedule-meet-climate-goals-2022-11-02/

Energy. Cyprus-Israel relations have strengthened  in recent years thanks largely to natural gas finds. The Cyprus government looks set to have a new/old interlocutor in Israel. News article from Globes: https://en.globes.co.il/en/article-netanyahu-block-lead-widens-as-results-flow-1001428578

Electricity prices. Eurostat’s data on household electricity prices were widely reported. But did you know that businesses in Cyprus pay the third highest electricity prices in the EU? Article from Eurostat: https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Electricity_price_statistics#Electricity_prices_for_non-household_consumers

Transport. Cyprus has just over 12 years to get the infrastructure ready for electric vehicles. From 2035 there will be no new registrations of petrol or diesel cars. From the European Commission: https://ec.europa.eu/commission/presscorner/detail/en/ip_22_6462

Business. Fairly regular trips to Dubai and beyond to Asia will resume soon. News article from Kathimerini: https://knews.kathimerini.com.cy/en/business/emirates-to-resume-daily-operations-to-cyprus

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