https://knews.kathimerini.com.cy/en/business/ministry-secures-€245-million-boost-for-business-growth-in-2027
A total of €245 million has been secured by the Ministry of Energy, Commerce and Industry for the new programming period up to 2027, which will be made available to businesses through targeted grant plans with an emphasis on absorbing and utilising as many resources as possible from European Funds, including the Recovery and Resilience Fund, Energy Minister George Papanastasiou said on Friday, speaking at the General Electoral Assembly of the Paphos Chamber of Commerce and Industry....
https://knews.kathimerini.com.cy/en/news/government-s-fuel-tax-reduction-faces-24-hour-delay
The government's plan to reduce the consumption tax on fuel is encountering a significant delay, postponing the expected relief for consumers....
https://knews.kathimerini.com.cy/en/news/tightened-lending-criteria-and-reduced-loan-demand-in-q2-2023
During the second quarter of 2023, lending criteria for both businesses and households in Cyprus remained stringent, with banks exercising caution....
https://knews.kathimerini.com.cy/en/news/a-3-year-wait-and-a-2024-deadline-looms-for-gas-transport
Three years after the groundbreaking for the liquefied natural gas terminal, a project worth $289 million in euros has been initiated....
https://knews.kathimerini.com.cy/en/news/government-support-package-under-fire-for-short-term-fixes
The government's package of support measures has been criticized by the Pancyprian Association of Consumers and Quality of Life, which claims these solutions are only temporary and patchwork....
https://knews.kathimerini.com.cy/en/news/assessing-the-dual-impact-of-government-s-support-measures
Recent days have witnessed crucial discussions surrounding measures to support households and businesses, a pressing necessity given the prevailing circumstances....
https://knews.kathimerini.com.cy/en/business/packages-in-under-an-hour-delivered-by-drone-to-start-in-the-uk
Amazon will start delivering packages by drone in just under an hour around the UK next year....
https://knews.kathimerini.com.cy/en/news/how-government-s-new-measures-will-cut-power-bills
The President of the Republic, Nicos Christodoulides, announced a total of 11 measures with a direct impact, totaling €141 million, along with six Housing Policy measures amounting to €55 million on Thursday (19/10)....
https://knews.kathimerini.com.cy/en/news/new-measures-unveiled-for-energy-and-housing
In a decisive move to support Cyprus' households and businesses, the Council of Ministers, under the leadership of President Nikos Christodoulides, unveiled a comprehensive package of immediate and medium-term measures today....
https://knews.kathimerini.com.cy/en/news/consumer-prices-surge-4-3-in-september-fueled-by-food-and-beverages
The Harmonised Consumer Prices Index (HCPI) in Cyprus witnessed a 4.3% increase in September, marking its second consecutive rise, primarily propelled by surging prices in Food and Non-Alcoholic Beverages, according to data from the Cyprus Statistical Service (CyStat)....
https://knews.kathimerini.com.cy/en/news/cyta-s-ceo-neocleous-redefines-cyprus-s-digital-future
If you're looking to bring digital transformation to Cyprus, CYTA CEO Andreas Neocleous has a compelling starting point. During his presentation at the Digital Agenda Cyprus Summit today, he showcased a snapshot of the passport control system at Larnaca airport, highlighting the need for change....
https://knews.kathimerini.com.cy/en/business/cyprus-could-meet-40-of-it-energy-needs-through-solar-power-by-2030
Cyprus is on track to meet 40% of its energy needs through solar power by 2030, according to Francesco La Camera, the Director-General of the International Renewable Energy Agency (IRENA)....
https://knews.kathimerini.com.cy/en/business/types-of-coffee-loved-by-cypriots
As coffee still reigns supreme as the most popular beverage in Cyprus, our coffee culture has evolved, with Cypriots embracing varieties from distant regions of the world, such as Brazil, Nicaragua and Costa Rica. ...
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-solar-ambitions-face-off-against-shadowy-bureaucratic-interests
As I had unfortunately predicted, complications have emerged in the "Solar Panels for All" plan. ...
https://knews.kathimerini.com.cy/en/news/fuel-prices-set-to-drop-over-the-next-24-hours
In an upcoming change for motor fuel consumers, reductions in fuel prices are anticipated to take effect starting tomorrow and persist for the next 24 hours....
https://knews.kathimerini.com.cy/en/business/ecb-keeps-watchful-eye-on-non-performing-loans
The European Central Bank (ECB) is closely monitoring non-performing loans (NPLs) and related legislation, including the divestment framework. ...
https://knews.kathimerini.com.cy/en/news/do-consumers-embrace-e-kalathi-shopping
The Consumer Protection Department, in partnership with research firm IMR, recently conducted a telephone survey aimed at gauging general consumer sentiments and assessing awareness of the e-kalathi initiative....
https://knews.kathimerini.com.cy/en/news/targeted-fuel-and-heating-reductions-in-government-s-considerations
The Cyprus Electricity Authority has announced a 3% increase in electricity prices for upcoming bills. ...
https://knews.kathimerini.com.cy/en/news/eu-seeks-centralized-energy-storage-solution
As part of the Save and Upgrade plan, only eight applications have been submitted thus far for the installation of home storage systems. It's important to note that these grants exclude new homes, which are expected to meet almost zero energy consumption standards....
https://knews.kathimerini.com.cy/en/news/acm-christofides-ltd-joins-cyprus-cocktail-festival-2023
The 4th Cyprus Cocktail Festival, part of the prestigious Digital Agenda Cyprus Summit, is excited to announce ACM Christofides LTD's significant involvement as a leading supplier. ...
https://knews.kathimerini.com.cy/en/news/unexpected-earnings-dip-in-2022-at-€2-202
In a surprising turn of events, Cyprus witnessed its first annual drop in monthly earnings after seven prosperous years....
https://knews.kathimerini.com.cy/en/news/electricity-prices-surge-by-3-in-latest-billing-cycle
In a recent development, electricity prices have witnessed a notable uptick, surging by 3% when compared to the preceding month. Christina Papadopoulou, the spokesperson for EAC (the electricity authority), elucidated that a significant portion of this increase, amounting to 1.20%, is earmarked for third-party entities rather than being allocated to AHK....
https://knews.kathimerini.com.cy/en/news/e-kalathi-takes-on-soaring-fuel-and-food-prices
The ongoing debate within the House Commerce Committee regarding the Retail Price Recording and Monitoring Bill has become both tiresome and contentious....
https://knews.kathimerini.com.cy/en/business/lexus-reliably-number-one-for-reliability
Fashions come and fashions go, but with each year that passes Lexus reliability remains constant. The lasting quality of its vehicles has been validated yet again with the number one ranking in the annual What Car? Reliability Survey for a seventh time....
https://knews.kathimerini.com.cy/en/news/california-boosts-minimum-wage-for-fast-food-workers-to-$20-per-hour
California is raising the minimum wage for fast food workers, marking a hard-won victory for those workers and union organizers....
https://knews.kathimerini.com.cy/en/news/electricity-bills-to-surge-by-4-56-due-to-soaring-fuel-costs
Households are set to face another financial hit as electricity bills are expected to increase by 4.56%, coinciding with a continued upward trend in energy costs....
https://knews.kathimerini.com.cy/en/news/new-law-protects-consumers-against-unlawful-practices
In a unanimous decision, the plenary session of the Parliament has approved a groundbreaking harmonizing law aimed at empowering consumers to protect their collective interests effectively....
https://knews.kathimerini.com.cy/en/news/eac-brings-400-000-smart-meters-for-all
Demetris Nathaniel, EAC's Deputy Press Spokesman, informed K that the first 40,000 smart meters will be operational by the first half of 2024, with the remainder to be installed within 2-3 years....
https://knews.kathimerini.com.cy/en/news/loans-gain-€8-5-million-momentum
Total loans in August recorded a net increase of €8.5 million, following a significant decrease of €100 million the previous month. Meanwhile, for a second consecutive month, deposits saw a net decrease, amounting to €175.5 million....
https://knews.kathimerini.com.cy/en/news/keravnos-expects-more-from-banks-to-boost-cyprus-economy
The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....
