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12° Nicosia,
21 July, 2024
 

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Displaying results 1-30 of 720 matches for query Consumer.

1. June sees price hikes on essentials as inflation rises

https://knews.kathimerini.com.cy/en/news/june-sees-price-hikes-on-essentials-as-inflation-rises

Get ready to pay more for everyday items! Prices for many essential goods jumped in June, driving up inflation to 2.9%. This follows a steady rise from 2.4% in April and 2.7% in May....

2. Rising costs of utilities and dining out are hitting home

https://knews.kathimerini.com.cy/en/news/rising-costs-of-utilities-and-dining-out-are-hitting-home

The Harmonised Index of Consumer Prices (HICP) in Cyprus remained steady at 3% in June, according to data released on Wednesday by the Cyprus Statistical Service (CyStat). ...

3. Lidl’s 21st store in Paphos boosts Cyprus retail battle

https://knews.kathimerini.com.cy/en/business/lidl-s-21st-store-in-paphos-boosts-cyprus-retail-battle

Almost 15 years after Lidl Cyprus entered the Cypriot market, the company is set to open its 21st store in Paphos, specifically in Neon Mall....

4. New Lidl store at Neon Mall of Pafos

https://knews.kathimerini.com.cy/en/business/new-lidl-store-at-neon-mall-of-pafos

Lidl Cyprus opens its 21st store and extends its commitment towards high quality, affordable prices and an upgraded shopping experience....

5. FT: Unilever to cut 1/3 of office jobs in Europe

https://knews.kathimerini.com.cy/en/business/ft-unilever-to-cut-1-3-of-its-office-jobs-in-europe

Unilever, one of the largest distributors of consumer goods such as Dove, and BEn & Jerry's, Lipton, Knorr, etc., has announced plans to eliminate a third of its office-based roles in Europe by the end of 2025, ...

6. Study reveals pros and cons of Great Sea Interconnector

https://knews.kathimerini.com.cy/en/news/study-reveals-pros-and-cons-of-great-sea-interconnector

Cyprus' Minister of Energy, Trade and Industry, George Papanastasiou, announced on Thursday that the comprehensive cost-benefit study for the Cyprus-Greece (Crete) electricity interconnection, known as the Great Sea Interconnector (GSI),...

7. The 'Great Sea Interconnector' will cut electricity costs by 30%

https://knews.kathimerini.com.cy/en/business/the-great-sea-interconnector-will-cut-electricity-costs-by-30

Minister of Energy, Commerce, and Industry George Papanastasiou is set to meet with the management of Greece's Independent Power Transmission Operator (ADMIE) on Thursday to receive a comprehensive Cost and Benefit Analysis (CBA) for the Great Sea Interconnector (GSI) project, linking Cyprus, Greece, and Israel....

8. No progress on Cyprus-Greece electricity interconnection project

https://knews.kathimerini.com.cy/en/business/no-progress-on-cyprus-greece-electricity-interconnection-project

No progress was made on the Cyprus side's position regarding the Crete-Cyprus electricity interconnection project during yesterday's teleconference, initiated by the European Commission and involving stakeholders from Greece and Cyprus....

9. Cyprus grapples with energy future amid interconnector debate

https://knews.kathimerini.com.cy/en/news/cyprus-grapples-with-energy-future-amid-interconnector-debate

The Cyprus Energy Regulatory Authority (CERA) has summoned ADMIE, the country's electricity grid operator, for a crucial meeting on July 15 to discuss new data that could potentially alter a decision barring charges to Cypriot consumers ahead of the Great Sea Interconnector project's implementation....

10. Ikea to open store on New York's chic 5th Ave

https://knews.kathimerini.com.cy/en/business/ikea-to-open-store-on-new-york-s-chic-5th-ave

IKEA is set to open a new store in the heart of Manhattan's Fifth Avenue shopping district, serving as the prime anchor of a new office tower, the majority owner of IKEA stores announced Tuesday....

11. Cyprus faces hurdles in connecting to European electricity grid

https://knews.kathimerini.com.cy/en/news/cyprus-faces-hurdles-in-connecting-to-european-electricity-grid

A critical regional energy project aiming to connect Cyprus to the European electricity grid has hit significant roadblocks, threatening the country's bid to end its energy isolation as the last EU member-state without such a connection....

12. Goody's returns to Nicosia

https://knews.kathimerini.com.cy/en/business/goody-s-returns-to-nicosia

The beloved Greek fast food chain Goody's has made a triumphant return to Nicosia, opening its doors at The Mall of Cyprus on June 19, according to a report in this Sunday's Kathimerini by Anna Polyviou....

13. Wolt welcomes historic collective agreement for delivery drivers

https://knews.kathimerini.com.cy/en/news/wolt-welcomes-historic-collective-agreement-for-delivery-drivers

Wolt has welcomed the first-ever collective agreement in the fleet management sector, marking a major step forward for the industry. This agreement, reached through the joint efforts of the Ministry of Labour, fleet management companies, and unions, is set to benefit delivery drivers, businesses, and consumers....

14. Ice cream prices melt wallets by 8.07% more

https://knews.kathimerini.com.cy/en/business/ice-cream-prices-melt-wallets-by-8-07-more

As temperatures rise, so do the prices of summer essentials in Cyprus, with ice creams, package holidays, and hotel stays seeing noticeable hikes compared to last month, according to data released by the Cyprus Consumers Association....

15. Surge in corporate loans despite interest rate hike

https://knews.kathimerini.com.cy/en/business/surge-in-corporate-loans-despite-interest-rate-hike

The Central Bank of Cyprus has released its latest data revealing notable shifts in financial trends for May 2024. Despite a 0.52% uptick in lending rates for non-financial corporations borrowing amounts over €1 million, new loans to these entities surged by 10% compared to the previous month. ...

16. Luxury retailers Saks and Neiman Marcus merge in big deal

https://knews.kathimerini.com.cy/en/news/luxury-retailers-saks-and-neiman-marcus-merge-in-big-deal

A new luxury retail giant is emerging in the United States as the parent company of Saks Fifth Avenue acquires Neiman Marcus for $2.65 billion....

17. Cyprus’ Lidl Kids Team Cyprus experienced the UEFA EURO 2024TM in Munich

https://knews.kathimerini.com.cy/en/business/cyprus-lidl-kids-team-cyprus-experienced-the-uefa-euro-2024tm-in-munich

As the Official Partner of UEFA EURO 2024TM and as part of the Lidl Kids Team programme, Lidl offered children from all over Europe the opportunity to be a Player Escort at the top summer football tournament, which this year takes place in Germany....

18. Cyprus risks losing €657M EU grant for Interconnector project, says Energy Minister

https://knews.kathimerini.com.cy/en/news/cyprus-risks-losing-€657m-eu-grant-for-interconnector-project-says-energy-minister

Energy Minister George Papanastasiou expressed concerns over the potential withdrawal of a €657 million subsidy by the European Commission for the electricity interconnection project between Cyprus and Greece......

19. Temu, Shein & Ali Express: EU cracks down on Chinese imports

https://knews.kathimerini.com.cy/en/news/temu-shein-ali-express-eu-cracks-down-on-chinese-imports

The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....

20. CBC to keep dividends low despite bank profits

https://knews.kathimerini.com.cy/en/news/cbc-to-keep-dividends-low-despite-bank-profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....

21. Athens warns Nicosia to reverse delays in power grid project

https://knews.kathimerini.com.cy/en/news/athens-warns-nicosia-to-reverse-delays-in-power-grid-project

The ambitious electricity interconnection project linking Cyprus with the European power grids through Greece faces significant hurdles as tensions rise between Athens and Nicosia....

22. Dior bags assembled for €53, sold at €2,600

https://knews.kathimerini.com.cy/en/business/dior-bags-assembled-for-€53-sold-at-€2-600

Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....

23. Great Sea Interconnector study outlines benefits July 11

https://knews.kathimerini.com.cy/en/news/great-seat-interconnector-study-outlines-benefits-july-11

The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......

24. Salata Farm wins Award for Excellence in halloumi production

https://knews.kathimerini.com.cy/en/news/salata-farm-wins-award-for-excellence-in-halloumi-production

A farming family in Pachna is steadfastly continuing Cyprus's rich cheese-making heritage. Situated in an ideal location with its own microclimate......

25. Zero VAT on essential goods until September 2024

https://knews.kathimerini.com.cy/en/business/zero-vat-on-essential-goods-until-september-2024

Cyprus' Tax Department has announced a zero rate of Value Added Tax (VAT) on essential goods until September 30, 2024, following a decree issued by the Cabinet. This measure aims to alleviate financial burdens on consumers amid economic challenges....

26. Global giants eye battery storage project in Cyprus

https://knews.kathimerini.com.cy/en/news/global-giants-eye-battery-storage-project-in-cyprus

Major global companies like Tesla and Samsung have expressed interest in developing a battery-based electricity storage system in Cyprus, according to Minister of Energy, Trade, and Industry George Papanastasiou. ...

27. Sklavenitis expands to 27 stores with Papantoniou deal

https://knews.kathimerini.com.cy/en/news/sklavenitis-expands-to-27-stores-with-papantoniou-deal

Sklavenitis Cyprus has announced the integration of Papantoniou Supermarkets into its network....

28. Government extends subsidies to ease cost of living crisis

https://knews.kathimerini.com.cy/en/news/government-extends-subsidies-to-ease-cost-of-living-crisis

The Cabinet approved a proposal on Wednesday by Finance Minister Makis Keravnos to extend measures aimed at compensating for the living costs of Cypriot households. Government Spokesperson Konstantinos Letymbiotis announced the decision following the Cabinet meeting....

29. Government extends electricity subsidies amid high temperatures

https://knews.kathimerini.com.cy/en/news/government-extends-electricity-subsidies-amid-high-temperatures

Cyprus will extend electricity subsidies until the end of October to help citizens cope with the high summer temperatures, President Nicos Christodoulides announced after a Cabinet meeting on Tuesday....

30. CBC projects 3% GDP growth in 2024

https://knews.kathimerini.com.cy/en/news/cbc-projects-3-gdp-growth-in-2024

The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....

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