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301. Inflation sees downward trend for 7th month in a row

The cost of living in Cyprus has decreased for the seventh month in a row, with the rate of inflation dropping to 6.7% in February. This is down from a peak of 10.6% in July 2022. ...

302. Petrol stations open their doors to electric mobility

Petrolina Holdings Public announced last month the installation of the first state-of-the-art electric vehicle rapid charging charger at its petrol station in Larnaca's GSZ district....

303. Minister of Agriculture pushing for a 'Farmers Card'

Agriculture Minister Petros Xenofonos announced today during a meeting of the House of Representatives Agriculture Committee that he intends to create a farmer's card to provide services to the agricultural world....

304. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

305. Consumers cutting back on non-essential items as cost of living rises

As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...

306. Tourists are spending 13% more in Cyprus

If there is one thing that has changed in the past year's data on the tourism industry, it is the realization that, even though there are fewer visitors coming in than in 2019,...

307. 'Energy prices in Cyprus must decrease,' says Minister

"We want consumers to be able to open their electricity bills without fear," said newly appointed Energy Minister George Papanastasiou....

308. Lower deposit and mortgage interest rates

The interest rates for household deposits and housing loans slightly decreased in January, while interest rates for non-financial corporations increased, according to data published by the Central Bank of Cyprus on Friday. These statistics are included in the February 2023 Monetary and Financial Statistics edition....

309. Economic sentiment improved in February

Economic sentiment improved in February, with the Economic Sentiment Index (ESI) rising by 1.9 points compared to January....

310. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

311. Electricity subsidies extended for another two months

The Council of Ministers, which convened on Wednesday for the last time under outgoing President of the Republic Nicos Anastasiades, approved the extension of a subsidy for the cost of electricity consumption as well as reduced excise for specific products....

312. Lidl Cyprus proceeds with raises and benefits amounting up to €900,000 for its 700 employees

It proves in practice, once again, its dedication and continuous investment in its people....

313. Frozen fish and flour marked a substantial price increase

Frozen fish and flour recorded a high price increase, according to data published on Wednesday by the Consumer Protection Service of the Ministry of Energy, Commerce and Industry....

314. Which names are being floated for the position of Finance Minister?

The new ministerial team will be assembled beginning Monday, February 13. Nicos Christodoulides and Andreas Mavroyiannis, the two candidates for the Presidency of the Republic of Cyprus, will bring in new faces to staff their Ministries....

315. Interest rates in Cyprus continues its steady rise

Interest rates in the Cypriot banking system continued rising in December in the context of the ECB’s monetary normalization policy to tackle high inflation....

316. Nearly 60 million euros in electricity subsidies doled out since September 2022

317. Turkey wants to become a natural gas 'supermarket'

Turkey will hold a natural gas summit on February 14-15 to bring together gas supplier countries and Europe’s consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez said on Monday....

318. Pilides: Government to push for more home solar panel installations

The Government does not intend to stop the measure that encourages the installation of solar panels in homes, but to enhance it, the Minister of Energy, Trade and Industry Natasa Pilides pointed out on Friday....

319. Netflix to ban password sharing by end of March, bad news for freeloaders

The time Netflix 'freeloaders' have long feared - Password sharing will be banned by the end of March....

320. Concerns emerge over Cypriot porn website age verifier

A new law in Louisiana requiring adults who visit porn websites to verify their age is raising privacy concerns, but a Cypriot firm that collects personal information of those users says privacy is maintained throughout the process...

321. The demand for new homes is dwindling

The large investments and development projects mentioned by Minister of Transport and Works Yannis Karousos in his ministry's recent project presentation may have kept the construction and real estate sector afloat until 2022, but the industry still faces challenges....

322. Banks are revising lending rates

Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...

323. Fake news vs reliable content

The media's fragmentation of journalism and deconstruction of information is nothing new....

324. More tourists embarking on sustainable travel this year

A new report from the World Travel and Tourism Council (WTTC) and the Trip.com Group has revealed that 69 percent of travelers are actively seeking sustainable travel options for 2023....

325. Riyadh wants to acquire Formula 1

Whereas we used to say that the Chinese were buying everything, it appears that the Saudis are now following suit. According to well-informed sources cited by the news agency Bloomberg, ...

326. Google cutting 12,000 jobs

Google's parent Alphabet Inc said on Friday it is cutting about 12,000 jobs, or 6% of its workforce, as the technology sector reels from layoffs and companies stake their futures on artificial intelligence (AI)....

327. Cyprus aims for higher targets in green energy

In 2022, renewable energy sources now make up a larger percentage of total energy consumption. ...

328. EU: Increase of hazardous waste disposal since 2004

Despite EU action to reduce its waste output, the amount of hazardous waste generated in the European Union has continued to increase since 2004 according to the findings of a review published by the European Court of Auditors....

329. Dispute resolution services a more cost effective way to resolve issues

Going to court to resolve a dispute between a consumer and a business is not always necessary. There are alternatives that are less time-consuming and less expensive than legal action and can provide very effective solutions. ...

330. Supermarkets bet on their own private labeled products

Consumers are turning to private label and exclusive import products to combat inflationary pressures on consumer goods in supermarkets....