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181. Bank profits in crosshairs as tax talks heat up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...

182. Greek households order food up to 3 times a week

More and more households in Greece are relying on takeout, having food delivered as many as three times a week. Rising demand has also led to an increase in recent years of food service enterprises being established with the exclusive purpose of distributing ready meals, without having a dining area....

183. Soaring prices of fruits and vegetables hitting consumers hard

Cypriot consumers are feeling the pinch as the prices of fruits, vegetables, and greens have surged, making it harder for households to purchase these essential goods....

184. ECB to review AKEL’s proposed bank tax amid financial concerns

The European Central Bank (ECB) is set to evaluate a proposed "windfall tax" on banks, commonly associated with the leftist political party AKEL, in Cyprus. ...

185. Olive oil and potato prices surge in Cyprus by over 50%

Olive oil and potatoes saw the largest annual price increases in September 2024, surging by 61.3% and 57.7% respectively, according to data from the Cyprus Consumer Association....

186. Inflation slows to 0.7% in September due to falling oil prices

Inflation hit a three-year low due to the fall in oil prices in September 2024, rising at a rate of 0.7%, according to data released by the Statistical Service on Thursday. The Consumer Price Index (CPI) in September 2024 increased by 0.38 units to 118.48 units compared to 118.10 units in August 2024....

187. Cyprus banks hike mortgage rates as new loans drop by a third in August

Banks in Cyprus raised the interest rates on home loans in August, while reducing the interest rates offered on household deposits, according to data released by the Central Bank of Cyprus on Wednesday....

188. China’s electric vehicle sales plummet in Europe amid EU tariffs

Chinese automakers are seeing a sharp decline in electric vehicle (EV) sales across Europe, with sales figures dropping to their lowest in the past 18 months. ...

189. Sklaventis Cyprus opens new office in Limassol

Sklavenitis Cyprus has officially inaugurated its new four-story office building in Polemidia, Limassol, which encompasses 2,000 square meters and accommodates 170 workstations. ...

190. Traffic lights coming to Latsia-Geri roundabout

New traffic lights will soon be set up at the Latsion-Geriou roundabout, located near Nicosia General Hospital. This change is in response to increased traffic expected from the opening of the JUMBO store and new businesses in the area....

191. Tighter lending rules for businesses while household loans remain steady

Cypriot banks made it harder for businesses to get loans in the second quarter of 2024, while lending rules for households stayed the same, according to a new survey by the Central Bank of Cyprus (CBC)....

192. CERA approves €125M for Cyprus-Crete power link

The Cyprus Energy Regulatory Authority (CERA) has approved an annual investment recovery of €25 million for the Cyprus-Crete electricity interconnection project, also known as the Great Sea Interconnector (GSI), covering the period from January 1, 2025, to December 31, 2029....

193. Will the Great Sea Interconnector become another failed project?

The Cyprus-Greece electrical interconnection, known as the Great Sea Interconnector, has highlighted the challenges of publicly discussing such a significant project....

194. Homebuyers face mounting debts as developers' loans go unpaid

195. Cyprus and Greece near deal on critical electricity interconnection project

The upcoming visit of Cypriot President Nicos Christodoulides to Athens on Wednesday could mark the end of months of uncertainty surrounding the Cyprus-Crete electricity interconnection project, according to a report by Apostolos Tomaras in Sunday's Kathimerini....

196. Sales of locally produced goods jump 13.7% in 2022

In 2022, Cyprus saw a big jump in sales from local factories, reaching €4.29 billion, up 13.7% from the previous year’s €3.78 billion, according to the Statistical Service of Cyprus (Cystat)....

197. Your private conversations influence the online ads you see

A major advertising company, Cox Media Group (CMG), has reportedly been using "active-listening" technology to create targeted ads based on users' conversations, according to a leaked report. ...

198. Cyprus trade deficit drops 17% in 2024

Cyprus’ trade deficit dropped by 17% in the first seven months of 2024, falling to €4.31 billion compared to €5.19 billion during the same period last year, ...

199. High-stakes talks on Cyprus-Greece power link leave crucial questions unresolved

A high-level meeting at the Presidential Palace in Nicosia has concluded discussions on the Great Sea Interconnector (GSI), the ambitious electricity link between Cyprus and Greece....

200. The President faces a tough decision today

The ambiguity surrounding Cyprus's electrical interconnection with Europe is coming to an end. Cyprus must now decide who to align with and who to distance itself from....

201. Wired (UK) Founder David Rowan at the Digital Agenda Cyprus Summit

Investor, author, and World Economic Forum contributor David Rowan will be joining us at the Digital Agenda Cyprus Summit....

202. Google's grip on 'googling' fades as Gen Z shifts online habits

Twenty years ago, Google achieved what few companies can: its name became a verb. Merriam-Webster dictionary officially recognized “Google” as a verb, synonymous with searching for something online. ...

203. Halloumi’s status under review in September meeting

The Monitoring Committee on the renowned Cypriot white cheese, Halloumi, will convene for its first meeting in the last week of September, Minister of Agriculture, Rural Development and the Environment Maria Panagiotou has told CNA....

204. Cyprus faces crucial energy decisions in Nicosia meeting

Cyprus' political leadership is poised to make pivotal decisions about its energy future in a major meeting set to take place at the Presidential Palace tomorrow, according to Kathimerini's Apostolos Tomaras. ...

205. Tuesday is Cyprus' last chance to end its energy isolation

A crucial meeting in Nicosia on Tuesday hopes to resolve months of tensions surrounding the Israel-Cyprus-Crete electricity interconnection project, a key energy link between Europe and the Mediterranean....

206. Cyprus-Greece electricity project meeting set for Tuesday

A meeting scheduled for next Tuesday on the Cyprus-Greece electricity interconnection project is considered crucial by all parties involved, government spokesman Konstantinos Letymbiotis said Friday....

207. Oil and potatoes lead price hikes in August

Olive oil and potatoes saw the steepest price increases in August 2024, according to the latest data from the Cyprus Consumer Association....

208. Nicosia’s high-stakes meeting on Cyprus-Greece power link

Nicosia is preparing for a crucial meeting next week to address the ongoing issues surrounding the electrical interconnection of Cyprus with the European electricity networks through Greece. ...

209. Inflation slows as August sees small price increases

Inflation in Cyprus slowed down in August 2024, with prices rising by 1.5%, compared to a 2.11% increase in July. The Consumer Price Index (CPI), which measures the cost of living, went up slightly from 117.73 to 118.10....

210. Pharmacies to end after-hour and weekend services amid dispute

In a recent decision, the Pancyprian Pharmaceutical Association (PFA) has announced that it will no longer compile the lists for pharmacies that offer after-hours and weekend services. This move comes as a response to ongoing disputes over working hours and part-time regulations....