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economics industrial production

Cyprus Industrial Producer Prices Experience Decline in February

Cyprus industrial producer prices dropped by 3.0% in February 2024 compared to the previous year, with the electricity supply sector seeing a stark 13.6% decrease. This decline reflects economic trends and inflationary pressures within the industrial sector, showcasing the interconnectedness of different industries within the economy.

electricity authority forestry department

Electricity Authority in the Spotlight for Summer Wildfires

The Forestry Department of Cyprus has accused the Electricity Authority of Cyprus (EAC) of being responsible for the summer wildfires in Paphos forest and Palaichori area due to inadequate maintenance and the use of outdated uninsulated wires. The director of the Forestry Department plans to take legal action, emphasizing the need to treat these incidents as criminal cases and highlighting the dangers posed by the EAC’s practices.

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