https://knews.kathimerini.com.cy/en/business/cyprus-central-bank-sets-interest-rate-limits-to-protect-consumers
The Central Bank of Cyprus (CBC) has announced that the official reference interest rate will be set at 11.50%. This means that banks and other lenders in Cyprus must not charge higher rates than this when offering loans, extending payment terms, or renewing loans. ...
https://knews.kathimerini.com.cy/en/comment/opinion/limassol-soars-bananas-bend-and-ambulances-demand-more-car-crashes
The mayor of Limassol has expressed concerns over the ''Pay As You Throw'' program. Oh, for heaven’s sake. Personally, I believe Limassolians should pay double what everyone else pays—and without complaints. ...
https://knews.kathimerini.com.cy/en/news/cypriots-losing-confidence-in-solar-energy-amid-frequent-shutdowns
In recent years, Cyprus has been pushing hard to adopt renewable energy, particularly solar energy, by encouraging homeowners to install photovoltaic (PV) systems. ...
https://knews.kathimerini.com.cy/en/business/alphamega-hypermarkets-expands-its-presence-with-new-store-in-mandria-paphos
Alphamega Hypermarkets has expanded its presence in the Paphos District, by opening a new store in Mandria. The new Alphamega Hypermarket, located in the premises of the former Papamichael hypermarket, opened its doors for the first time today....
https://knews.kathimerini.com.cy/en/news/trump-s-tariff-plans-could-hurt-cyprus-economy
The looming inauguration of U.S. President-elect Donald Trump has stirred concern across the Eurozone, and Cyprus is no exception....
https://knews.kathimerini.com.cy/en/news/depositors-affected-by-2013-banking-crisis-to-be-compensated-in-may
Cypriots who lost their savings during the 2013 banking crisis will finally begin receiving compensation this May, according to Finance Minister Makis Keravnos. ...
https://knews.kathimerini.com.cy/en/news/cyprus-to-begin-installing-smart-meters-in-february
Starting on February 1st, the Electricity Authority of Cyprus (EAC) will begin installing smart meters in homes and businesses across the island....
https://knews.kathimerini.com.cy/en/business/president-s-banking-measures-spark-surge-in-first-home-loans
President Nikos Christodoulides' efforts to support citizens through new banking measures are beginning to yield results. Meetings held in December with the CEOs of Cyprus’ two major banks, Bank of Cyprus (BoC) and Hellenic Bank (HB), appear to have sparked a tangible interest in first-home mortgage schemes....
https://knews.kathimerini.com.cy/en/business/cyprus-greece-and-egypt-team-up-to-boost-business-opportunities
Entrepreneurs and businesses eyeing opportunities in the Eastern Mediterranean have reason to celebrate. Cyprus, Greece, and Egypt have formalized a powerful partnership with the establishment of a Trilateral Business Council...
https://knews.kathimerini.com.cy/en/news/authorities-warn-of-dangerous-products-in-the-european-market
Dangerous products and items containing hazardous chemicals have been identified in the European market, according to an announcement by the Labour Inspection Department of the Ministry of Labour and Social Security....
https://knews.kathimerini.com.cy/en/business/cyprus-aims-for-cheaper-electricity-with-competitive-market-by-2025
The government is ramping up efforts to bring down electricity costs for households and businesses by July 2025 through the introduction of a competitive electricity market, Energy Minister George Papanastasiou announced on Tuesday. ...
https://knews.kathimerini.com.cy/en/news/a-little-extra-for-everyone-as-pensions-get-a-new-year-s-boost
The Council of Ministers has approved an increase in pensions from the Social Insurance Fund (TKA) starting in January 2025....
https://knews.kathimerini.com.cy/en/life/walmart-s-$100-birkin-dupe-sparks-debate-and-raises-eyebrows
Walmart has caused a stir in the fashion world by offering a knockoff of the renowned Hermès Birkin bag, priced between $78 and $100—far less than the luxury version, which typically starts at $10,000...
https://knews.kathimerini.com.cy/en/business/eurozone-growth-hopes-dim-as-2025-looms
Just days before the start of 2025, analysts have trimmed expectations for the Eurozone's economic growth. ...
https://knews.kathimerini.com.cy/en/life/golden-cucumbers-prices-soar-by-201
Substantial price hikes are being observed for fresh meat, Christmas treats, and especially vegetables in the lead-up to the Christmas season, according to the Christmas 2024 Price Watch....
https://knews.kathimerini.com.cy/en/news/consumer-service-price-reductions-in-39-product-categories
The Consumer Protection Service announces the Consumer Product Price Observatory for November 2024....
https://knews.kathimerini.com.cy/en/news/cablenet-welcomes-velisarios-masouras-as-chief-financial-officer
Cablenet is pleased to announce the appointment of Velisarios Masouras as its new Chief Financial Officer (CFO), effective November 18, 2024....
https://knews.kathimerini.com.cy/en/business/concerns-from-the-eib-regarding-the-electric-cable-project
Critical questions surrounding the electrical interconnection of Cyprus with the European electricity network through Greece have been raised in a letter from the Chamber of Engineers (ETEK) to the Ministry of Energy....
https://knews.kathimerini.com.cy/en/business/tariffs-reforms-and-rate-cuts-2025-s-economic-balancing-act
As we look ahead to 2025, experts at UBS are forecasting steady global economic growth, but not without a few bumps along the way....
https://knews.kathimerini.com.cy/en/news/new-alphamega-hypermarkets-store-opens-in-astromeritis
Another state-of-the-art store was added to the Alphamega Hypermarkets’ chain. The new Alphamega Hypermarkets’ store in Astromeritis has opened its doors to the public today. It is the 20th store of Alphamega Hypermarkets, Cyprus largest and fastest growing hypermarket chain....
https://knews.kathimerini.com.cy/en/life/temu-s-tempting-deals-are-a-double-edged-sword-for-cypriot-shoppers
Temu, an emerging e-commerce platform, offers an extensive range of products, from gadgets and household goods to clothing and toys, at remarkably low prices....
https://knews.kathimerini.com.cy/en/news/ft-eu-and-south-america-strike-historic-trade-deal-amid-controversy
The European Union and Mercosur, a bloc of four South American countries, have finalized a landmark trade deal after 25 years of negotiations. This agreement establishes a massive market of 700 million people, removing tariffs on over 90% of goods traded between the two regions....
https://knews.kathimerini.com.cy/en/news/potato-prices-skyrocket-sparking-long-lines-in-occupied-areas
Potatoes have become the talk of the town in Cyprus, but not for the usual reasons. ...
https://knews.kathimerini.com.cy/en/business/business-loans-on-the-rise-in-cyprus-but-consumer-borrowing-takes-a-hit
Cyprus experienced a rise in net new loans in October, driven primarily by businesses borrowing more, especially for amounts exceeding €1 million. ...
https://knews.kathimerini.com.cy/en/news/nationally-funded-research-project-dynamo-to-redefine-energy-sharing-within-communities
The first meeting of the consortium for the DYNAMO project (Decentralized Energy Management Platform for Smart Communities) was recently held, launching the project which aims to redefine energy sharing and transactions within communities....
https://knews.kathimerini.com.cy/en/business/green-line-regulation-boosts-trade-but-challenges-remain
The Green Line Regulation, which defines the legal framework for the movement of goods, people, and services between the government-controlled areas and the northern Turkish-occupied areas of Cyprus, remains a vital tool for the country’s reunification,...
https://knews.kathimerini.com.cy/en/news/bora-fades-showers-linger
The ''Boras'' storm that swept across Cyprus kept emergency services busy, with the Fire Service responding to 27 incidents caused by severe weather....
https://knews.kathimerini.com.cy/en/business/cybersecurity-and-ict-risks-emerge-as-leading-drivers-of-operational-risk
Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....
https://knews.kathimerini.com.cy/en/news/government-expands-subsidized-electricity-rates-for-vulnerable-households
The Cyprus Electricity Authority (EAC) announced an important update regarding its special household tariff for vulnerable consumers, known as Code 08...
https://knews.kathimerini.com.cy/en/news/octo-microbrewery-exploring-the-world-of-beer-through-octopus-beers
Octo Microbrewery showcased its Octopus beers yesterday at an exclusive tasting event held on November 27 at Elysian Kitchen Bar in Nicosia....
