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....
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....
https://knews.kathimerini.com.cy/en/news/will-cabinet-decide-to-extend-electricity-subsidies-to-consumers
The government is poised to discuss the renewal of the electricity subsidy measure, set to expire on June 30, at its upcoming Cabinet meeting, according to a report by Kathimerini's Hectoras Georgiou....
https://knews.kathimerini.com.cy/en/news/banks-blame-high-interest-rates-for-decline-of-new-loans
Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...
https://knews.kathimerini.com.cy/en/news/1-bean-bar-makes-our-summer-cooler-with-a-trilogy-of-fresh-juices
Summer is already upon us and along with a carefree mood, it brings us a need for refreshing, light and healthy flavours. Bean Bar has made its presence felt yet again this summer, with a unique, limited-time trilogy of natural juices, that aim to lift consumers’ spirits, by offering cool vibes and a positive energy!...
https://knews.kathimerini.com.cy/en/news/epic-customer-service-136-wins-best-contact-centre-plus-5-more-awards
Epic introduced to the Cyprus market a unique combination of two powerful elements: a great network with great value. ...
https://knews.kathimerini.com.cy/en/business/alphamega-hypermarkets-play-ball-giving-away-gifts-for-the-euro-2024
The moment all footballer lovers across Europe have been waiting for is almost here, and for yet another time, Alphamega Hypermarkets could not be missing from this huge sporting celebration....
https://knews.kathimerini.com.cy/en/news/olive-oil-prices-soar-65-in-cyprus-in-may-2024
Olive oil prices in Cyprus surged by 65% in May 2024 compared to the same month last year, and increased by 2% from April 2024, according to the Consumer Index table compiled by the Cyprus Consumer Association and released on Friday....
https://knews.kathimerini.com.cy/en/news/greek-olive-oil-producers-reject-bulk-sales-thrive-in-export-market
They knew the easy way. They could have effortlessly sent their oil in bulk to Italy....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-could-offset-ecb-rate-cut-benefits
The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...
https://knews.kathimerini.com.cy/en/business/electricity-interconnector-could-save-households-up-to-€400
The Great Sea interconnector, a €1.9 billion subsea cable linking the electricity grids of Cyprus and Greece, promises significant savings for Cypriot households. ...
https://knews.kathimerini.com.cy/en/business/900-tourists-in-cyprus-affected-by-fti-group-bankruptcy
Around 900 tourists who purchased travel packages from the German-based FTI Group, which has recently filed for bankruptcy, are currently in Cyprus, Deputy Minister of Tourism Kostas Koumis said Tuesday....
https://knews.kathimerini.com.cy/en/news/un-marks-first-international-day-of-potato
Today is the first UN International Day of Potato, an effort to celebrate and promote the potato's critical role in improving global nutrition, fighting hunger and poverty......
https://knews.kathimerini.com.cy/en/news/most-affordable-unleaded-95-prices-found-in-nicosia
Fuel prices have recently experienced a slight decrease, offering relief to consumers who have been grappling with consecutive price hikes, straining their wallets....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-non-performing-loans-drop-to-lowest-level-in-years
Total non-performing loans (NPLs) to banks have dropped below €2 billion, specifically to €1.9 billion. ...
https://knews.kathimerini.com.cy/en/news/ecb-to-implement-first-interest-rate-cut
The European Central Bank (ECB) is poised to execute its much-anticipated rate cut, scheduled to take effect on Thursday, June 6, 2024....
https://knews.kathimerini.com.cy/en/business/some-supermarkets-charging-more-than-advertised-says-cps
The Consumer Protection Service of the Ministry of Commerce in Cyprus is urging greater transparency in supermarket pricing, requesting the disclosure of discounts offered by supermarkets and the names of those included in the Price Observatory....
https://knews.kathimerini.com.cy/en/news/where-can-we-get-fuel-at-lower-prices
As the economic landscape continues to evolve, one sector offers a glimmer of relief: fuel prices. In a conversation with petrol station owner Kyriakos Louka, ...
https://knews.kathimerini.com.cy/en/life/is-raw-milk-a-trendy-temptation-or-health-hazard
In the world of daring culinary trends, raw milk is the latest sensation captivating influencers and foodies alike. Unlike its pasteurized counterpart, raw milk skips the heat treatment process, offering enthusiasts a taste of unaltered dairy straight from the cow's udder....
https://knews.kathimerini.com.cy/en/business/wolt-market-celebrates-two-years-of-success-in-cyprus
Wolt Market is marking its second birthday in style, showcasing its growth and thanking customers with exclusive discounts and giveaways....
https://knews.kathimerini.com.cy/en/business/greece-anticipates-bumper-olive-oil-harvest-despite-price-fluctuations
Estimates from Greece suggest a promising outlook for olive oil production this year, with anticipation building for a potentially fruitful harvest, although definitive conclusions remain pending for about a month....
https://knews.kathimerini.com.cy/en/business/us-fund-eyes-investment-in-greece-cyprus-israel-sea-link
The US sovereign wealth fund, SWF, is keen on joining the Greece-Cyprus-Israel Great Sea Interconnector project. ADMIE, the Transmission System Operator for the Hellenic Electricity Transmission System, confirmed SWF's interest, which could involve funding or loans....
https://knews.kathimerini.com.cy/en/news/apple-fights-€1-8-billion-eu-fine
Apple is appealing a €1.8 billion fine from the European Union, which accused the tech giant of blocking information about cheaper music streaming services....
https://knews.kathimerini.com.cy/en/news/dr-hepburn-cyprus-has-the-dirtiest-and-most-expensive-grid-in-the-eu
During his presentation at the Green Agenda Cyprus Summit held today at the Hilton Nicosia, Professor of Environmental Economics at the University of Cyprus, Cameron Hepburn, discussed Cyprus' energy transition and its decoupling from fossil fuels to achieve zero emissions and protect the environment. ...
https://knews.kathimerini.com.cy/en/news/consumer-protection-urges-photovoltaic-market-research
The Consumer Protection Service of the Ministry of Energy emphasizes the importance of thorough market research for consumers considering the installation of photovoltaic systems....
https://knews.kathimerini.com.cy/en/news/cypriot-banks-set-to-exceed-2023-s-record-profits-in-2024
Cypriot banks are maintaining a low profile, but it's expected that 2024 will bring in higher profits compared to the record-breaking figures of 2023. ...
https://knews.kathimerini.com.cy/en/news/cyprus-joins-europe-s-safe2eat-campaign-for-third-year
In a concerted effort to bolster consumer confidence and promote food safety across Europe, Cyprus once again stands alongside 17 other nations in the #Safe2Eat campaign, spearheaded by the European Food Safety Authority (EFSA)....
https://knews.kathimerini.com.cy/en/news/pope-francis-urges-italians-to-increase-birth-rates
Pope Francis pressed his campaign Friday to urge Italians to have children, calling for long-term policies to help families and warning that the country’s demographic crisis was threatening the future.
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https://knews.kathimerini.com.cy/en/business/household-deposit-rates-surge-as-home-buying-loan-rates-dip
In March 2024, the financial landscape in Cyprus saw some interesting shifts, according to data released by the Central Bank of Cyprus. Here's a breakdown of what happened:...
https://knews.kathimerini.com.cy/en/news/shoppers-prioritize-food-purchases-over-clothing-this-easter
Supermarkets saw increased consumer traffic the days before Easter, celebrated in Cyprus over the last weekend, as consumers chose to spend on food and items for the holiday feast, while other retail stores did not, due to a decline in the habit of shopping for shoes and clothing during this holiday....
