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31. Private labels dominate market as e-kalathi falters

Disagreements over the specifics and philosophy of the bill concerning the creation of the e-kalathi electronic platform have led to an ongoing debate in the House Commerce Committee. ...

32. Which European country bears the brunt of energy costs?

The pre-tax prices of electricity and natural gas soared after Russia's full-scale invasion of Ukraine, but they're now on the decline. Although slightly higher than the second half of 2022, the final prices for customers, including taxes, reached their peak in the first half of 2023....

33. Cyprus tops EU in export growth with 55.2% surge in August 2023

Cyprus has taken the spotlight as the European Union's top performer in export growth, with a remarkable 55.2% surge in exports during August 2023 compared to the same period in 2022, according to Eurostat, the EU's statistical service....

34. Righas Imports at the Cyprus Cocktail Festival 2023

The 4th Cyprus Cocktail Festival, part of the Digital Agenda Cyprus Summit, is delighted to announce the participation of Righas Imports with sugar cane straws in the festival. This event is scheduled to take place on October 17, 2023, at the Municipal Garden of Nicosia, starting at 19:00....

35. Gaza: ''We are not Hamas!''

After days of devastating Israeli bombardment of the Gaza Strip, residents of the besieged enclave say there is no way to escape death....

36. Former President's startling revelation about food

In April 2022, former Russian President Dmitry Medvedev, now deputy head of Russia’s Security Council, said on his Telegram channel: “Our food is our silent weapon. Silent — but formidable."...

37. UK denies direct imports from occupied Cyprus, citing non-recognition of 'trnc'

The UK ''has no intention to begin directly importing products'' from the occupied part of Cyprus, Minister of State for the Middle East, North Africa, South Asia and United Nations, Lord Ahmad has stated in response to a question in the House of Lords....

38. Ukraine sparks trade war with legal action over food bans

Ukraine has filed lawsuits to the World Trade Organization (WTO) against Slovakia, Poland and Hungary over their bans on food imports from Kyiv. ...

39. Fuel prices surge, electricity rates hold steady

Fuel prices are set to rise by 2-2.5 cents per liter for diesel and slightly less for unleaded gasoline, effective today at petrol stations....

40. Cyprus boosts energy sector with €104m revamp

The Republic of Cyprus has submitted a revised Recovery and Resilience Plan to the European Commission, incorporating the REPower EU chapter with an additional allocation of €104 million....

41. Tepco plant discharges radioactive water into Pacific

Japan has begun discharging more than 1m tonnes of tainted water into the Pacific Ocean from the wrecked Fukushima Daiichi nuclear power plant in a move that has prompted China to announce an immediate blanket ban on all seafood imports from Japan and sparked anger in nearby fishing communities....

42. Japan to release treated radioactive water from Fukushima plant

After months of controversy and anticipation, Japan is set to begin releasing treated radioactive wastewater from its Fukushima nuclear plant later this week despite fierce objections from some countries....

43. Poland's big parade shows readiness

Poland held its largest military parade in decades on Tuesday, in a flex of defensive muscle that comes as tensions rise on the border between the NATO nation and key Russian ally Belarus....

44. Sweet success as Cyprus' ice cream exports trend upward

Ice cream exports from Cyprus to non-EU countries have been increasing in the past four years, but remained far from quantities exported in previous years, while at the same time, imports from non-EU countries have been reducing, according to data released by Eurostat, the statistical service of the EU....

45. Russia's ruble drops to lowest level since 2022 conflict

The Russian ruble slid past 100 against the dollar Monday, its lowest level since March 23, 2022 -- weeks after Moscow unleashed full-scale hostilities in Ukraine....

46. Cyprus spends more on imports, trade gap widens

The trade deficit in the first half of 2023 increased by approximately €574 million compared to the same period last year, even though imports significantly dropped in May and June of 2023 when compared to 2022....

47. Is Poland upset with Ukraine?

The eastern flank of the European Union — particularly Poland — continues to play a crucial role in helping Ukraine fight against Russia’s invasion. A recent diplomatic squabble over grain imports, compounded by historical issues, puts the once-stable footing at risk....

48. Government achieves €155.5M surplus in 2023

Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus. ...

49. Over one-third of Turkish fruit and vegetable imports to EU violate safety standards

According to the Association of Greek Fruit, Vegetable, and Juice Exporters and Traders (INCOFRUIT-HELLAS), over one-third (35.3%) of fruit and vegetable shipments imported from Turkey to the European Union (EU) were found to contain excessive pesticide levels, as reported by the Rapid Alert System for Food and Feed (RASFF)....

50. Cyprus receives funding for Nicosia motorway

The European Commission has announced a significant investment of €6.2 billion to co-finance 107 infrastructure projects aimed at promoting sustainable, safe, and efficient transport throughout the EU....

51. Energizing surprise: Abundance of energy sends prices plummeting in Finland

Finland was dealing with an unusual problem on Wednesday: clean electricity that was so abundant it sent energy prices into the negative....

52. Canada and Saudi Arabia restore diplomatic ties after 6 years

Canada and Saudi Arabia have agreed to restore full diplomatic ties and appoint new ambassadors, both countries said on Wednesday, bringing to a close a 2018 dispute that damaged relations and trade....

53. Higher prices for Easter meat: Lamb sees a 25% increase, beef up by 15%

A year ago, reports described Easter dinner as the most expensive in four years. This year's prices are expected to surpass that record, according to the first data from the Easter Price Watch gathered by K and soon to be published by the Consumer Protection Agency....

54. Surplus of €363 mn recorded in Cyprus in Jan-Feb 2023

A surplus of €363 mn or 1.3% of GDP for the period of January-February 2023, according to the preliminary General Government fiscal results, published by the Statistical Service of Cyprus on Friday....

55. Macron's mission in China: Convincing Xi on Ukraine

56. MEP's pass bill banning home sales or rentals without energy upgrade

All properties available for sale or rent must incur compulsory energy upgrade costs, costing tens of thousands of euros, from 2030 onward, based on what is stated in the relevant European Union directive....

57. EAC maintains dominant position in Cyprus' energy production market

The highest electricity market share in the EU was recorded in Cyprus (88%), reflecting the dominance of the Electricity Authority of Cyprus in the country’s energy market, Eurostat data published on Tuesday show....

58. Trade deficit increased by 163.5% in January 2023

A large increase was recorded in the trade deficit in January 2023 according to preliminary data published on Monday by the Statistical Service, since the increase in imports was more than three times the increase in exports....

59. International university students visit Eurogate’s facilities at Limassol Port

Students from various US academic institutions received a tour of the facilities of Eurogate Container Terminal Limassol Ltd. ...

60. Cyprus GDP and employment up according to Eurostat

Both GDP and employment increased during the 4th quarter of 2022 compared to the previous quarter in Cyprus, while in the eurozone GDP remained stable and employment increased and in the EU GDP fell and employment increased, according to estimates released by Eurostat, the statistical service of the EU....