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1201. E-kalathi bill sparks debate in Parliament

During yesterday's session of the Parliamentary Committee on energy and trade, the debate shed light on a crucial aspect of the E-kalathi bill. It became evident that there are lingering disagreements among stakeholders and the majority of MPs on this issue. ...

1202. Olive oil prices soar due to shortage and weather woes

The price of olive oil is expected to rise dramatically, possibly exceeding 10 euros per liter and reaching 15 euros in Europe, according to agricultural organizations....

1203. Ministry on high alert as fuel prices soar globally

Constantinos Karagiorgis, Director of the Consumer Protection Service at the Ministry of Commerce, Energy, and Industry, has noted a concerning and continuous rise in fuel prices on the international stage. ...

1204. Sun, showers, and soaring temperatures

Today's weather forecast brings a mix of conditions across Cyprus. Initially, the skies will be predominantly clear, but as we progress into the afternoon, expect to see an increase in cloud cover, particularly in mountainous areas. Isolated rain showers are anticipated mainly in the higher elevations....

1205. Consumers revolt as rising prices trigger surge in complaints

In recent months, the Pancyprian Consumers Association has been inundated with consumer complaints, particularly following the reinstatement of excise duty on fuel and the termination of electricity subsidies. ...

1206. Cyprus inflation skyrockets to 3.1% in August

The annual inflation rate in Cyprus saw a rise to 3.1% in August 2023, up from 2.4% in July....

1207. Borrowers in a high-stakes game of loan roulette

In 2023, borrowers face a pivotal year, primarily due to the soaring levels of inflation, rising prices, and increasing interest rates. This year also carries significant importance for banks, not in terms of profits, ...

1208. From clear skies to thunderous showers, your daily weather report

Today's weather starts off with mostly clear skies. However, as the day progresses, we can expect the gradual emergence of clouds, particularly in the mountains, south of Troodos, and the eastern half of the island....

1209. Sales from the occupied area to the Republic of Cyprus skyrocket

Data, released by the Turkish Cypriot newspaper ''Kibris'' and sourced from the Turkish Cypriot Chamber of Commerce, reveals a remarkable surge in sales of products from the occupied territories to the Republic of Cyprus in 2022....

1210. EY achieves record global revenue of nearly $50 billion

EY reports record global revenue results of just under US$50b...

1211. Corruption and desperation forge a new path to Cyprus

A new migratory route to Cyprus has emerged this summer, with increased departures from Syria to Cyprus surpassing those from Lebanon, according to a report by Open Democracy....

1212. Women now command 56% of Austrian university seats

The proportion of female students at Austrian universities is higher than the opposite gender, overtaking them by 56 per cent, as Statistics Austria has revealed....

1213. Retail trickery? Price hikes before zero VAT stun consumers

A recent study by the Cyprus Consumers Association (CCA) has revealed that prices for various essential goods saw artificial increases in the days leading up to the implementation of the zero VAT rate. ...

1214. Fun and sun with a dash of thunder and showers

A weak low-pressure system is set to influence the weather in our region until tomorrow, bringing with it relatively unstable conditions....

1215. Italy's cry for help: Facing a migrant surge amid EU discord

Italian Prime Minister Giorgia Meloni has appealed for greater European support as her country confronts a surge of people fleeing north Africa, amid growing tensions between Rome and other EU capitals over migration policy....

1216. SSM chief urges banks to be prudent amidst soaring profits

The Chairman of the Single Supervisory Mechanism (SSM), Andrea Enria, has emphasized that the gains from high interest rates for banks will eventually come to an end....

1217. Halloumi woes persist as PDO battle heats up

One year after the implementation of an agreement between the Ministry of Agriculture, producers, cheese makers, and KEBE regarding halloumi cheese, issues persist....

1218. Rising prostate cancer cases in Cyprus sound alarm bells for men's health

New data reveals a concerning increase in prostate cancer cases in Cyprus, with 656 cases detected in 2020, compared to 550 in 2019. Prostate cancer is the most prevalent form of cancer among European men, a...

1219. €5,000 fines for obstructing mobile cameras

In an effort to combat the growing problem of obstruction of mobile camera operators on roadways, the Minister of Transport, Communications, and Works, Alexis Vafeadis, has revealed a new bill that seeks to criminalize such behavior....

1220. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

1221. Zero VAT rates fail to curb price surges

Many products subject to zero VAT rates saw unexpected price increases in July 2023, according to a report by Kathimerini The Consumer Association has raised concerns about the effectiveness of this measure following recent additions to the list of zero-rated items....

1222. Unlimited data dominates in mobile telephony contracts

In the first half of 2023, over 50% of mobile phone contracts now offer unlimited voice, SMS, and data, highlighting the growing importance of data in these contracts. ...

1223. ECB raises rates for the 10th time as it tries to quell inflation

The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy....

1224. France to prohibit disposable e-cigarettes in new anti-tobacco initiative

France plans to ban disposable electronic cigarettes, French Prime Minister Elisabeth Borne said on radio station RTL on Sunday....

1225. Deputy Minister Koumis paves way for more seats to Cyprus

Deputy Minister of Tourism Kostas Koumis had important contacts in recent days in Stockholm and Helsinki, with the aim of increasing the number of air seats offered to our country for the next year....

1226. Mercury soars to 35°C

The weather outlook for Nicosia and its surrounding regions promises clear skies and a gradual increase in temperatures in the coming days....

1227. 7.68 million people await hospital treatment in England, a record high

The number of people in England waiting to start routine hospital treatment has hit a record high....

1228. Real estate prices surge by 7.7%

The prices in the Cyprus real estate market have been going up in recent years....

1229. 90% winter flight schedule boosts tourism hopes

Airlines based in Cyprus are planning to operate 90% of their flights during the upcoming winter season, as revealed by Maria Kouroupi, the Director of Communications and Marketing at Hermes Airports, in an interview with "K." ...

1230. Government cuts interest income rates from 30% to 17%

The Cyprus government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said on Wednesday, noting that banks should follow suit in boosting income for depositors. ...