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....
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....
https://knews.kathimerini.com.cy/en/business/rics-cyprus-property-price-index-with-kpmg-in-cyprus-announces-results-of-q2-2022
KPMG in Cyprus announces that the ''RICS Cyprus Property Price Index with KPMG in Cyprus'' has been issued for Q2 2022....
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....
https://knews.kathimerini.com.cy/en/news/july-unemployment-down-25-compared-to-same-period-in-2021
Unemployment in Cyprus decreased by 25.4% in July 2022, compared to the same month of 2021. According to data published by the Statistical Service on Wednesday, the unemployed persons, registered at the District Labour Offices on the last day of July 2022, reached 14,145 persons, down from 18,950 registered in July 2021....
https://knews.kathimerini.com.cy/en/news/ukraine-s-first-grain-export-is-a-fraction-of-what-it-needs-to-sell
Ukrainian President Volodymyr Zelenskiy dismissed the importance of the first grain export shipment from his country since Russia invaded, saying it was carrying a fraction of the crop Kyiv must sell to help salvage its shattered economy....
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)....
https://knews.kathimerini.com.cy/en/news/cypriot-minister-lashes-out-at-‘populist-lawmakers
Cypriot Finance Minister Constantinos Petrides lashed out at lawmakers on Tuesday warning against “dangerous and unrestrained populism” after members snubbed a presidential veto on three crucial pieces of legislation...
https://knews.kathimerini.com.cy/en/news/28-8-of-cyprus-total-labor-force-in-2021-were-immigrants
Total immigrants in the Cyprus labor market in 2021 amounted to 180,344 corresponding to 28.8% of Cyprus’ total labor force, the Statistical Service of Cyprus (Cystat) has said....
https://knews.kathimerini.com.cy/en/news/first-ship-carrying-ukrainian-grain-leaves-odesa-port
A ship carrying grain left the Ukrainian port of Odesa for Lebanon on Monday under a safe passage agreement, Ukrainian and Turkish officials said, the first departure since the Russian invasion blocked shipping through the Black Sea five months ago....
https://knews.kathimerini.com.cy/en/news/cyprus-chevron-aphrodite-tactics-irk-israel
A gas field dispute between Cyprus and Israel over a tiny portion, with which the island nation hopes to buy out its neighbor, went in deep water this week after Nicosia and Chevron preannounced plans for Aphrodite despite a decade-long unresolved issue still pending between the two nations...
https://knews.kathimerini.com.cy/en/news/dutch-are-reducing-waste-by-fixing-broken-objects-with-online-local-barter-network
Finding someone who can fix a broken piece of furniture, mend clothing, or repair a family treasure has become easier thanks to a new online platform....
https://knews.kathimerini.com.cy/en/business/the-us-has-plunged-into-recession
The US has plunged into recession as soaring inflation hammers the world’s largest economy....
https://knews.kathimerini.com.cy/en/news/cyprus-requests-disbursal-of-€85-million-rrf-funds-from-ec
The European Commission announced it received on Thursday the first payment request from Cyprus under the Recovery and Resilience Facility (RRF) for the disbursement of €85 million in financial support (net of pre-financing), ...
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-‘erdogan-feels-weak-says-ex-mossad-chief
With 42 years' worth of experience in the armed forces and intelligence, General Danny Yatom is a living legend in Israel....
https://knews.kathimerini.com.cy/en/news/oil-and-gasoline-sales-decreased-in-june
A total decrease of 6.8% was recorded in the sale of petroleum products in June, falling to 55,061 tons. Total sales of gasoline for June were down 5.9 percent, while diesel sales were down 10.4 percent, according to statistics released by the National Bureau of Statistics on Wednesday....
https://knews.kathimerini.com.cy/en/news/europe-agrees-to-compromise-deal-on-gas-rations-as-russia-squeezes-supply
European Union governments agreed Tuesday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of Ukraine....
https://knews.kathimerini.com.cy/en/business/tighter-controls-and-penalties-for-cross-border-transactions-in-cyprus
The Cyprus Securities and Exchange Commission (CySEC) is introducing additional controls for cross-border services and announced that investor protection will be strengthened under new rules regarding how complaints are handled....
https://knews.kathimerini.com.cy/en/news/germany-dims-lights-as-it-leads-europe-in-saving-energy
Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most of the fountains are not operating....
https://knews.kathimerini.com.cy/en/news/ecb-raises-interest-rates-5-with-further-rate-hikes-on-the-horizon
The European Central Bank (ECB) increased interest rates by more than expected on Thursday, raising its benchmark deposit rate by 50 basis points to zero percent, impacting the Cyprus banking system and local borrowers....
https://knews.kathimerini.com.cy/en/news/italy-s-pm-resigns-spelling-trouble-for-europe
Italian prime minister Mario Draghi has resigned, ending a national unity government formed to tackle unpopular reforms and spelling trouble for Europe at a time of acute economic challenges....
https://knews.kathimerini.com.cy/en/news/european-nations-asked-to-immediately-start-rationing-natural-gas
To avoid energy shortages that would stall economic growth and leave households cold in the winter as Russia weaponizes its gas exports, European countries should immediately start rationing use of the fuel, the European Commission said on Wednesday, and cut their use 15 percent until next spring....
https://knews.kathimerini.com.cy/en/news/discussions-on-minimum-wage-in-the-final-stretch
We are entering the final stretch for the introduction of the minimum wage in Cyprus and serious developments are expected next Friday, July 22, 2022....
https://knews.kathimerini.com.cy/en/news/cost-of-consumer-goods-and-services-increased-by-9-in-june
The Harmonized Index of Consumer Prices (HICP) increased by 9% in June, when compared to the index of June 2021, setting a new record high, while continuing its upward course for the 16th consecutive month, pushed by the consecutive appreciations mainly in energy prices....
https://knews.kathimerini.com.cy/en/business/medicover-awarded-at-the-10th-invest-cyprus-international-investment-awards
Medicover was honoured at the prestigious 10th Invest Cyprus International Investment Awards, which recognize foreign companies, individuals, and investors for their contribution to the country’s economy....
https://knews.kathimerini.com.cy/en/business/foreclosures-suspended-until-the-end-of-october-2022
The Cyprus Parliament on Thursday passed a bill suspending foreclosures until the end of October,...
https://knews.kathimerini.com.cy/en/news/warnings-continue-as-heat-dome-lingers-over-mountains
Another yellow warning has been issued for Cyprus as temperature highs in the mountains were expected to reach 32 degrees Celsius, with hot nights still on the menu for most areas...
https://knews.kathimerini.com.cy/en/news/slashed-tires-slow-down-finance-minister
The tires of a vehicle belonging to the Cypriot finance minister were slashed over weekend, with police saying they were investigating the incident...
https://knews.kathimerini.com.cy/en/business/ecommbx-receives-the-prestigious-invest-cyprus-international-investment-award
On 1 July 2022, at the 10th Ιnvest Cyprus International Investment Awards ceremony at the Parklane Spa & Resort in Limassol, under the auspices of the President of the Republic, Nicos Anastasiades. ...
https://knews.kathimerini.com.cy/en/news/sri-lankan-president-flees-country-amid-devastating-economic-crisis
Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday and hundreds of protesters stormed the prime minister's office demanding his ouster, as a people's uprising over a devastating economic crisis overwhelmed security forces....
