https://knews.kathimerini.com.cy/en/news/finance-ministry-increases-2022-inflation-estimate-to-4
The Ministry of Finance has revised an initial 2022 inflation estimate of 1.5% to 4% due to the rise in petrol prices in the midst of the crisis in Ukraine....
https://knews.kathimerini.com.cy/en/news/up-to-10-cents-more-for-oil-and-gas-from-today
An increase in the price of fuel is expected to begin today. The deputy director of the Consumer Protection Service, Antonis Ioannou, told Kathimerini...
https://knews.kathimerini.com.cy/en/news/cyprus-scraps-safe-pass-in-supermarkets
Consumers in the Republic of Cyprus no longer have to use a Safe Pass to enter supermarkets and other shops selling necessity goods, after the health ministry adopted categories of high, medium, and low risk venues...
https://knews.kathimerini.com.cy/en/news/europe-wholesale-gas-prices-surge-to-record-on-russia-supply-fears
Wholesale gas prices in Europe have surged above €200 a megawatt-hour for the first time as big consumers fret about supplies from Russia....
https://knews.kathimerini.com.cy/en/news/versailles-summit-difference-of-views-on-ukraine-s-accession-eurobond
VERSAILLES - RESPONSE. Resistance within the EU is strong against new excesses to deal with the multifaceted crisis that erupted with the Russian invasion of Ukraine. ...
https://knews.kathimerini.com.cy/en/business/alphamega-hypermarkets-free-delivery-for-online-orders
Alphamega Hypermarkets is celebrating the one-year anniversary of its e-shop by offering one month of free delivery on all online orders....
https://knews.kathimerini.com.cy/en/news/ukraine-multinational-companies-suspend-their-operations-in-wake-of-russian-inavsion
One company after another has decided to suspend its activities in Ukraine in the wake of the Russian invasion of the country and the uncertainty it has caused in international markets....
https://knews.kathimerini.com.cy/en/news/russian-ambassador-to-cyprus-stanislav-osadchiy-discusses-russia-s-plans-in-ukraine
Russia`s plans do not include the occupation of Ukrainian territories, but the protection of civilians and Russian citizens in Donetsk and Luhansk, Russian Ambassador to Cyprus Stanislav Osadchiy said in a statement to CNA on Thursday....
https://knews.kathimerini.com.cy/en/news/cost-of-consumer-goods-and-services-climbs-to-the-highest-level-in-the-last-thirteen-years
Cyprus’ Harmonized Index of Consumer Prices in January 2022 increased by an annual 5%, climbing to the highest level of the last 13 years, mainly pushed by prices increases in energy and transport....
https://knews.kathimerini.com.cy/en/news/peo-concerned-about-increase-in-fuel-and-basic-consumer-products
The Pancyprian Federation of Labor (PEO) has expressed its concern about the continuous upward trend in fuel prices, which, as it notes, "will add to the cost of basic consumer products"....
https://knews.kathimerini.com.cy/en/news/inflation-in-cyprus-spikes-to-an-annual-5-4-in-january
January 2022 recorded a spike in Cyprus inflation, rising to 5.4%. At the same time, the Consumer Price Index (CPI) decreased by 0.53 units falling to 104.57, compared to 105.10 in December 2021, according to the Statistical Service of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/business/interest-rates-on-corporate-deposits-are-at-a-new-low
Interest rates for corporate deposits fell to a new historical low, which in December 2021 stood at 0.02%, while the interest rate for household deposits remained unchanged at 0.06%....
https://knews.kathimerini.com.cy/en/news/plastics-clampdown-is-key-to-climate-change-fight-eu-environment-chief-says
Progressive reduction of fossil fuel-based plastics is crucial to tackling climate change, the EU’s top environmental official said, ahead of a United Nations meeting to launch talks on a world-first treaty to combat plastic pollution....
https://knews.kathimerini.com.cy/en/business/billionaire-mark-cuban-opens-online-pharmacy-to-provide-affordable-generic-drugs
Mark Cuban has officially launched his newest venture—the online pharmacy Cost Plus Drugs....
https://knews.kathimerini.com.cy/en/news/euroasia-secures-eu-funds-for-cyprus-but-israel-left-out
Cypriot Energy Minister Natasa Pilides has welcomed the approval the approval of EU funds for the EuroAsia Interconnector, but the money is not enough for the submarine cable to reach Israel...
https://knews.kathimerini.com.cy/en/news/cypriot-exports-to-the-uk-were-not-affected-despite-brexit
Despite the significant decrease in imports from the United Kingdom as a result of Brexit, Cypriot exports, mainly of dairy products, have remained at the same levels,...
https://knews.kathimerini.com.cy/en/news/the-cypriot-electricity-market-is-opening
Cypriot President Nicos Anastasiades is satisfied with the timetable as regards the opening of the competitive electricity market, set to launch in the fall of 2022, according to a written statement by deputy government spokesperson Niovi Parisinou....
https://knews.kathimerini.com.cy/en/news/modernization-of-eac-and-an-increase-of-independent-energy-providers-says-president-anastasiades
Cyprus President Nicos Anastasiades said on Thursday that the government will provide all necessary tools to allow the Electricity Authority of Cyprus (EAC) to modernize its operation, as well as to encourage even more independent energy providers to operate in the Cypriot market....
https://knews.kathimerini.com.cy/en/news/water-wars-see-light-of-day-as-chloraka-deadline-expires
Syrian refugees at Chloraka’s controversial studio complex under orders to shut down are calling on authorities to reconnect water supply until a court of law resolves a financial dispute between the local council and the owners, who say cuts on the property have been going on for years...
https://knews.kathimerini.com.cy/en/news/turkey-s-inflation-hits-a-19-year-high-of-36
Turkey’s yearly inflation climbed at the fastest pace in 19 years, jumping to 36.08% in December, official data showed on Monday....
https://knews.kathimerini.com.cy/en/news/what-s-left-for-the-turkish-cypriot-economy-after-2021
Shortly before the pandemic began, Turks and foreign analysts warned of the effects of the Erdogan government's wrong moves and decisions on the economy....
https://knews.kathimerini.com.cy/en/business/loan-restructurings-in-the-cyprus-reached-almost-€2-billion-due-to-covid
Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which began in end-2014....
https://knews.kathimerini.com.cy/en/news/christmas-on-borrowed-cash-for-many
One in four households will take on credit card debt to buy food and presents this festive season, according to the 2021 study of the European Consumer Payment Report....
https://knews.kathimerini.com.cy/en/news/financial-turmoil-hits-turkish-cypriots
Serious side effects from the lira's plunge–Basic food products are becoming more expensive
...
https://knews.kathimerini.com.cy/en/news/prices-of-consumer-goods-and-services-up-4-7-in-november
The Harmonized Index of Consumer Prices, which measures the changes over time in the prices of consumer goods and services acquired by households, increased by 4.7% in November 2021, compared to the index of November 2020....
https://knews.kathimerini.com.cy/en/news/inflation-in-britain-jumped-to-its-highest-level-in-the-last-10-years-at-5-1
Inflation in Britain has jumped to a 10-year high due to a sharp rise in prices, according to data released on Wednesday on the eve of the Bank of England's decision on interest rates....
https://knews.kathimerini.com.cy/en/business/parliamentary-committee-report-on-state-budget-2022-sees-significant-uncertainties-due-to-pandemic
A report by the Parliamentary Committee of Financial and Budgetary Affairs on the State Budget for 2022 ahead of the plenary debate and vote this week, stresses the significant uncertainties affecting the projections upon which the budget is based....
https://knews.kathimerini.com.cy/en/business/alphamega-hypermarkets-launches-new-store-in-trimiklini
Alphamega Hypermarkets is adding another hypermarket to its network....
https://knews.kathimerini.com.cy/en/business/mammoth-1-3-billion-euro-fine-to-amazon
Italy's antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a U.S. tech giant in Europe....
https://knews.kathimerini.com.cy/en/news/black-friday
This year's Black Friday did not compare to previous years in terms of retail sales. The images in stores selling electrical appliances, electronic items and tech products, at least so far, have been disappointing....
