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....
https://knews.kathimerini.com.cy/en/news/eac-electricity-rates-to-be-increased-by-24
The Cyprus Electricity Authority's pricing plans are expected to be approved by the Cyprus Energy Regulatory Authority in the coming days, EAC spokesperson Christina Papadopoulou told CNA on Tuesday....
https://knews.kathimerini.com.cy/en/news/cyprus-property-market-growing-in-number-and-value
The Cyprus property market is growing while getting pricier, as the number of properties rises by 1.5%, while their overall value increased by 2.2% based on January 2021 prices compared to 2018 data....
https://knews.kathimerini.com.cy/en/business/nightmare-scenario-for-europe-as-russia-shuts-off-gas-pipeline
The main natural gas pipeline between Russia and Germany shut down for scheduled maintenance Monday, raising concerns that Moscow could use the repairs as a pretext for a longer shutdown as it wields energy supplies as leverage in the Ukraine war....
https://knews.kathimerini.com.cy/en/news/trade-deficit-increased-to-€2-967-6-million-for-the-period-january-–-may-2022
The trade deficit was €2,967.6 mn in January – May 2022 compared to €2,265.8 mn in the corresponding period of 2021, according to provisional data, published by the Statistical Service on Monday....
https://knews.kathimerini.com.cy/en/news/greece-covid-infected-tourists-no-longer-required-to-quarantine
A new government decision issued by the Greek authorities earlier this week has established that tourists who get infected with the COVID-19 disease while being in Greece will not be required to go into quarantine.
...
https://knews.kathimerini.com.cy/en/news/christodoulides-the-undisputed-favorite-in-the-race-for-the-presidency
Nikos Christodoulidis remains the undisputed favorite in the presidential election race, according to a Symmetron poll for "Kathimerini"....
https://knews.kathimerini.com.cy/en/news/deadline-to-set-cyprus-minimum-wage-moved-up-to-the-21st-or-22nd-of-july
On July 21, or at the latest on July 22, 2022, an agreement will be reached to determine the minimum wage in Cyprus....
https://knews.kathimerini.com.cy/en/news/inflation-edges-closer-to-double-digits-in-june
Inflation in Cyprus in June edged closer to double-digits driven by the soaring prices in electricity and energy on the backdrop of the war in Ukraine....
https://knews.kathimerini.com.cy/en/business/cattle-class-no-more-thanks-to-air-new-zealand-s-skynest
Air New Zealand will introduce sleep pods in the economy class cabins of its ultra-long-haul Boeing 787-9 Dreamliners from 2024. ...
https://knews.kathimerini.com.cy/en/business/a-total-of-€362-9-million-euros-in-new-loans-recorded-in-may
A total of €362.9 million euros in new loans were recorded in May, according to data released by the Central Bank of Cyprus on Tuesday. The increase in new loans is mainly due to both an increase in loans for over €1 million and loans for the purchase of homes....
https://knews.kathimerini.com.cy/en/news/trade-unions-and-employers-disagree-on-national-minimum-wage-parameters
Efforts to come to an agreement on the establishment of a national minimum wage in Cyprus were unsuccessful during a scheduled meeting on Tuesday held by the President with trade unionists and employers' unions....
https://knews.kathimerini.com.cy/en/business/unemployment-down-53-8-from-last-year-but-up-16-5-from-last-month
The number of registered unemployed persons at the end of June 2022 decreased by 53.8% compared to June 2021, based on (actual) data kept at the Provincial Labour Offices, falling to 12,332....
https://knews.kathimerini.com.cy/en/news/cyprus-employment-fell-by-1-5-to-39-100-persons-employed
Employment in the broad industrial sector decreased in 2020 by 1.5% to 39,100 compared to 39,700 in 2019, according to the results of the Survey on Industrial Production 2020, published by the Cyprus Statistical Service on Monday. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-offering-voluntary-retirement-plans-for-up-to-600-employees
The Bank of Cyprus is offering a Voluntary Retirement Plan to 500 - 600 employees of its employees in the hopes that it can reduce its number of employees in order to maintain profitability. ...
https://knews.kathimerini.com.cy/en/news/herodotou-interest-rates-should-be-increased-gradually
The Governor of the Central Bank of Cyprus, Constantinos Herodotou, said he was in favor of the ECB gradually increasing key interest rates while keeping its options open, stressing that the European Central Bank should consider the impact of each increase and act accordingly....
