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12° Nicosia,
01 October, 2022
 

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Displaying results 1-30 of 293 matches for query consumer.

1. EU countries approve energy windfall levies, turn to gas price cap

https://knews.kathimerini.com.cy/en/news/eu-countries-approve-energy-windfall-levies-turn-to-gas-price-cap

European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....

2. Finance Minister calls for prudency to safeguard economy

https://knews.kathimerini.com.cy/en/news/finance-minister-calls-for-prudency-to-safeguard-economy

Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions....

3. Why EVs are a flop in Cyprus … so far

https://knews.kathimerini.com.cy/en/news/why-evs-are-a-flop-in-cyprus-…-so-far

It's only a 150-kilometer drive across Cyprus; well below how far an average electric vehicle can drive on a single charge. Range anxiety — a major barrier in the shift to EVs — shouldn't be a thing....

4. The price increase of halloumi is justified, Minister of Agriculture says

https://knews.kathimerini.com.cy/en/business/the-price-increase-of-halloumi-is-justified-minister-of-agriculture-says

The slight increase recorded in the price of the halloumi cheese is justified, Minister of Agriculture Costas Kadis said on Thursday....

5. 5.8% of the total cultivated area of Cyprus is dedicated to organic products

https://knews.kathimerini.com.cy/en/news/5-8-of-the-total-cultivated-area-of-cyprus-is-dedicated-to-organic-products

The EU Organic Day – September 23 – is seen as the ideal opportunity to widely celebrate the organic sector and to evaluate Europe’s progress towards achieving its goal of 25% organic land by 2030....

6. Self check-in and robots - the future of tourism in Cyprus

https://knews.kathimerini.com.cy/en/business/self-check-in-and-robots-the-future-of-tourism-in-cyprus

7. No more plastic bags in supermarkets from October 1st

https://knews.kathimerini.com.cy/en/news/no-more-plastic-bags-in-supermarkets-from-october-1st

In October, Cyprus will take action and reduce the use of plastic, according to a bill passed in 2022 that comes into force on October 1. Consequently, from the first of October, products such as plastic cotton swabs, cutlery, plates and so on will be banned from the market....

8. Only PDO halloumi available in the market from today

https://knews.kathimerini.com.cy/en/news/only-pdo-halloumi-available-in-the-market-from-today

As of today, inspectors from the Ministry of Agriculture have started inspections in supermarkets and store refrigerators to remove non-PDO branded halloumi products....

9. Consumer watchdog releases price index for September on basic consumer goods

https://knews.kathimerini.com.cy/en/news/consumer-watchdog-releases-price-index-for-september-on-basic-consumer-goods

The Consumer Watchdog has released the price index for basic consumer goods for the month of September....

10. Inflation still high but slowed to 9.6% in August

https://knews.kathimerini.com.cy/en/news/inflation-still-high-but-slowed-to-9-6-in-august

Harmonized inflation rose at a slower pace than in the previous month in August 2022, recording an increase of 9.6%, compared with August last year....

11. EC to force energy companies to share their profits

https://knews.kathimerini.com.cy/en/news/ec-to-force-energy-companies-to-share-their-profits

The European Commission plans to raise more than €140 billion to relieve consumers from soaring energy prices, according to Reuters, by "taking a chunk of the revenue from low-cost electricity producers and forcing fossil fuel companies to share their huge profits. ...

12. Greek government uses citizens to report tax evaders

https://knews.kathimerini.com.cy/en/business/greek-governement-uses-citizens-to-report-tax-evaders

The Independent Authority for Public Revenue (AADE) is about to launch a new smartphone app in the coming days whereby citizens will be able to check whether the receipts they received are genuine....

13. Skroutz.gr: Next stop, Cyprus!

https://knews.kathimerini.com.cy/en/news/skroutz-gr-next-stop-cyprus

Skroutz is once again expanding abroad. The largest marketplace in Greece is now shipping orders to Cyprus as well. In fact, the management’s intentions, albeit in the long term, are to expand to more countries, so that the marketplace acquires a broad international character and – if anything – turn into the “Greek Amazon.”...

14. ECB hikes up interest rates 75 basis points to 1.25%

https://knews.kathimerini.com.cy/en/business/ecb-hikes-up-interest-rates-75-basis-points-to-1-25

The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against inflation even as the bloc's economy is heading for a likely winter recession....

15. EU plans to cap gas prices risking cutoff from Russia

https://knews.kathimerini.com.cy/en/news/eu-plans-to-cap-gas-prices-risking-cutoff-from-russia

The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter....

16. Banks imposing stricter lending standards

https://knews.kathimerini.com.cy/en/business/banks-imposing-stricter-lending-standards

Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....

17. Inflation hits 8.9% in August

https://knews.kathimerini.com.cy/en/news/inflation-hits-8-9-in-august

Inflation in August 2022 increased by 8.9% in Cyprus, according to data published by the Statistical Service of Cyprus on Friday. The Consumer Price Index decreased by 0.29 units and reached 113.34 units, compared to 113.63 units in July 2022, with the drop in petroleum product prices being mainly responsible for the decrease....

18. Photovoltaic systems are increasing in popularity in Cyprus

https://knews.kathimerini.com.cy/en/news/photovoltaic-systems-are-increasing-in-popularity-in-cyprus

With inflated electricity prices hitting households and businesses, the installation of photovoltaic systems, or solar panels, comes as an attractive solution for more and more consumers....

19. Gorbachev, who steered Soviet breakup, dead at 91

https://knews.kathimerini.com.cy/en/news/gorbachev-who-steered-soviet-breakup-dead-at-91

Mikhail Gorbachev, who set out to revitalize the Soviet Union but ended up unleashing forces that led to the collapse of communism, the breakup of the state and the end of the Cold War, died Tuesday. The last Soviet leader was 91...

20. Cypriot economic sentiment at 17 month low

https://knews.kathimerini.com.cy/en/news/cypriot-economic-sentiment-at-17-month-low

The economic sentiment in Cyprus deteriorated in August to a 17-month low, as the Economic Sentiment Indicator (ESI-CypERC) decreased by 4.5 points compared with July 2022....

21. What is causing the unexpected drop in global food prices?

https://knews.kathimerini.com.cy/en/news/what-is-causing-the-unexpected-drop-in-global-food-prices

Six months after Russia's invasion of Ukraine, the inflationary shock is still causing a "headache" for markets, government staff and households, with the price of natural gas hitting new record levels yesterday....

22. EAC: This is how corrections will be made on erroneous accounts

https://knews.kathimerini.com.cy/en/news/eac-this-is-how-corrections-will-be-made-on-erroneous-accounts

Since errors in electricity bills were discovered, the Electricity authority has received thousands of Viber and WhatsApp messages and emails with photos and meter numbers from panicked consumers trying to report the problem on their own bills....

23. Prices of consumer goods and services recorded a 10% annual increase

https://knews.kathimerini.com.cy/en/news/prices-of-consumer-goods-and-services-recorded-a-10-annual-increase

The harmonized consumer price index recorded in July an annual increase of 10.6%....

24. Now is a good time to follow the simple rule of 28/36

https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-now-is-a-good-time-to-follow-the-simple-rule-of-28-36

Rising prices have been a major topic of discussion over the past few weeks. In essence, however, little can be done by individuals to mitigate the effects of rising fuel and commodity prices on a global scale....

25. Cyprus maintains low VAT and consumption tax on fuel

https://knews.kathimerini.com.cy/en/news/cyprus-maintains-low-vat-and-consumption-tax-on-fuel

Cyprus maintains a very low VAT rate and lower consumption taxes on fuel compared to Germany and other EU countries, Minister of Finance Constantinos Petrides notes in a written statement....

26. National credit bureaus crucial in assessing consumer creditworthiness

https://knews.kathimerini.com.cy/en/business/national-credit-bureaus-crucial-in-assessing-consumer-creditworthiness

The need to assess a borrower's creditworthiness and capacity through the use of national credit bureaus was highlighted at an annual conference held by the European Association of Credit Bureaus “ACCIS” in Brussels in the past month....

27. Fuel a whopping 60% more expensive in 2022

https://knews.kathimerini.com.cy/en/news/fuel-a-whopping-60-more-expensive-in-2022

Cyprus Minister of Health, Michalis Hadjipantela, is in contact with his counterparts in neighboring countries, asking them to supply Cyprus with vaccines for monkeypox, the Minister's Communications Advisοr Konstantinos Athanasiou told CNA....

28. Inflation in Cyprus creeps close to 11% in July

https://knews.kathimerini.com.cy/en/business/inflation-in-cyprus-creeps-close-to-11-in-july

Inflation in July 2022, hit the double-digit mark, recording an increase of 10.9%, with the Consumer Price Index increasing by 1.39 units and reaching 113.63 units compared to 112.24 units in June 2022....

29. Turkish inflation surges to nearly 80%

https://knews.kathimerini.com.cy/en/business/turkish-inflation-surges-to-nearly-80

Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts....

30. Deposit interest rates remained close to zero levels in June

https://knews.kathimerini.com.cy/en/news/deposit-interest-rates-remained-close-to-zero-levels-in-june

Deposit interest rates remained at close to zero levels in June with lending rates showing small variations, according to data released on Tuesday by the Central Bank of Cyprus (CBC)....

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