https://knews.kathimerini.com.cy/en/business/loan-restructurings-in-the-cyprus-reached-almost-€2-billion-due-to-covid
Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which began in end-2014....
https://knews.kathimerini.com.cy/en/news/christmas-on-borrowed-cash-for-many
One in four households will take on credit card debt to buy food and presents this festive season, according to the 2021 study of the European Consumer Payment Report....
https://knews.kathimerini.com.cy/en/news/financial-turmoil-hits-turkish-cypriots
Serious side effects from the lira's plunge–Basic food products are becoming more expensive
...
https://knews.kathimerini.com.cy/en/news/prices-of-consumer-goods-and-services-up-4-7-in-november
The Harmonized Index of Consumer Prices, which measures the changes over time in the prices of consumer goods and services acquired by households, increased by 4.7% in November 2021, compared to the index of November 2020....
https://knews.kathimerini.com.cy/en/news/inflation-in-britain-jumped-to-its-highest-level-in-the-last-10-years-at-5-1
Inflation in Britain has jumped to a 10-year high due to a sharp rise in prices, according to data released on Wednesday on the eve of the Bank of England's decision on interest rates....
https://knews.kathimerini.com.cy/en/business/parliamentary-committee-report-on-state-budget-2022-sees-significant-uncertainties-due-to-pandemic
A report by the Parliamentary Committee of Financial and Budgetary Affairs on the State Budget for 2022 ahead of the plenary debate and vote this week, stresses the significant uncertainties affecting the projections upon which the budget is based....
https://knews.kathimerini.com.cy/en/business/alphamega-hypermarkets-launches-new-store-in-trimiklini
Alphamega Hypermarkets is adding another hypermarket to its network....
https://knews.kathimerini.com.cy/en/business/mammoth-1-3-billion-euro-fine-to-amazon
Italy's antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a U.S. tech giant in Europe....
https://knews.kathimerini.com.cy/en/news/black-friday
This year's Black Friday did not compare to previous years in terms of retail sales. The images in stores selling electrical appliances, electronic items and tech products, at least so far, have been disappointing....
https://knews.kathimerini.com.cy/en/news/vat-reduction
Finance Minister Constantinos Petrides said on Thursday that the Government has notified the EU’s VAT Committee over its intention to reduce VAT on household electricity bills from 19% to 9%...
https://knews.kathimerini.com.cy/en/news/cyprus-produces-first-ever-pdo-halloumi
The first badge of halloumi bearing the PDO certificate has been produced by a Greek Cypriot dairy business in Frenaros, but comments in Turkish Cypriot media gave way to a war of words over which side actually authorizes inspections on the ethnically divided island...
https://knews.kathimerini.com.cy/en/news/self-rapid-tests-enter-debate-again-in-cyprus
At-home Covid rapid tests could soon be widely available to consumers in the Republic of Cyprus, but a local expert says self-swabbing should only be offered to people who are vaccinated...
https://knews.kathimerini.com.cy/en/business/the-association-of-retail-companies-is-requesting-exemptions-to-covscan
Following the ruckus in retail businesses during the first days of the CovScan check, companies continue to document problematic issues arising from the verification requirement. ...
https://knews.kathimerini.com.cy/en/business/supermarkets-disagree-with-covscan-and-ask-for-instructions
Supermarket owners are asking the Minister of Health for instructions on how to implement CovScan, but they are underlining their opposition to this measure and the adoption of any additional measures to support its implementation....
https://knews.kathimerini.com.cy/en/news/rule-stickler-mayor-left-hanging-with-stroke-of-pen
President Nicos Anastasiades used the stroke of a pen on Wednesday to block the closure of a department store in Paphos, a move that left the town’s mayor hanging after he had warned his municipality would not tolerate illegal operations without permits...
https://knews.kathimerini.com.cy/en/news/covscan-cyprus-starts-running-on-trial-basis
Door greeters at supermarkets started using the android app CovScan on Monday to verify the authenticity of their customers’ Safe Pass documents, but the program will run on a trial basis for two weeks following criticism that consumers and businesses had little time to prepare...
https://knews.kathimerini.com.cy/en/news/government-announces-a-reduction-of-vat-for-vulnerable-households
Cabinet Ministers today announced the reduction of VAT charged to electricity bills of vulnerable households. ...
https://knews.kathimerini.com.cy/en/news/rise-in-consumer-loans-and-housing-purchase-in-september
New consumer loans, mortgages and new loans above €1 million increased in September compared to the previous month of this year,...
https://knews.kathimerini.com.cy/en/news/cypriot-banks-to-reduce-costs
The President of the European Banking Authority speaks to "K"...
https://knews.kathimerini.com.cy/en/news/government-subsidies-to-replace-electrical-appliances-in-homes
The Ministry of Energy, Trade and Industry is in the process of preparing a Sponsorship Plan for the replacement of electrical appliances in the homes of vulnerable electricity consumers, following and announcement made by Minister Natasa Pilides. ...
https://knews.kathimerini.com.cy/en/news/cyprus-consumer-association
The Cyprus Consumer's Association calls on the Consumer Protection Service of the Ministry of Energy, Trade and Industry "to assume its responsibilities...
https://knews.kathimerini.com.cy/en/business/facebook-to-hire-10-000-in-eu-to-build-metaverse
Last Sunday, Facebook announced plans to create 10,000 new jobs in the European Union over the next five years to build products that will serve the metaverse...
https://knews.kathimerini.com.cy/en/news/digital-agenda-2021-ends-with-a-bang
The second and final day of Digital Agenda Cyprus was more impressive with speakers bringing together ideas, predictions and discussions about the future of technology and what to expect during the post-pandemic era....
https://knews.kathimerini.com.cy/en/news/the-day-after-digital-agenda-cyprus-starts-tomorrow
Technology has always had a big impact on our lives. It is the driving force behind modernization and efficiency. And nowhere has it been the most prevalent than during the pandemic,...
https://knews.kathimerini.com.cy/en/news/cyprus-lacks-snitches-to-root-out-cartels
The head of Cyprus’ competition protection office says its program designed to root out cartels on the island has failed because of the country’s closed society where snitching is not part of Cypriot culture...
https://knews.kathimerini.com.cy/en/news/the-largest-tech-conference-in-the-region-begins-tuesday-in-cyprus
Speakers from around the world are gathering in Nicosia for the largest tech event in the region. ...
https://knews.kathimerini.com.cy/en/news/higher-costs-on-goods-are-here-to-stay
Market analysts do not see an improvement in the cost of goods in the next period and until the first half of 2022....
https://knews.kathimerini.com.cy/en/news/outlet-mall-west-of-nicosia-ready-to-open
A new price-slashing outlet mall on the western fringe of Nicosia is getting ready to open its doors to the public, hoping to bring a fun shopping experience based on a concept that tries to reconcile modernity with tradition...
https://knews.kathimerini.com.cy/en/news/why-europeans-are-facing-a-heavy-winter
Europe 's households are facing much higher energy bills in winter due to rising global energy and gas prices, and consumer organizations have warned that the most vulnerable could be hit by energy poverty....
https://knews.kathimerini.com.cy/en/news/consumers-warned-of-potential-allergen-in-pork-meatballs
Consumers are being warned of a potential allergen in pork meatballs that are being sold at Foodsaver....
