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31. Retail trickery? Price hikes before zero VAT stun consumers

A recent study by the Cyprus Consumers Association (CCA) has revealed that prices for various essential goods saw artificial increases in the days leading up to the implementation of the zero VAT rate. ...

32. Government cuts interest income rates from 30% to 17%

The Cyprus government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said on Wednesday, noting that banks should follow suit in boosting income for depositors. ...

33. Eurobank acquires 17.3% stake in Hellenic Bank for €167.9 million

The Eurobank has agreed to acquire an additional stake of around 17.3% (equivalent to 71,428,572 shares) in the Hellenic Bank at a total price of 167.9 million euros, or 2.35 euros per share. ...

34. How many public servants does it take to boil an egg?

In a hilariously bureaucratic process, boiling an egg in Cyprus' public service requires a series of convoluted steps. ...

35. When drugs for weight and diabetes backfire

Joanie Knight has a message for anyone considering drugs like Ozempic or Wegovy, which have become popular for the dramatic weight loss they can help people achieve....

36. Bugs attack patrons in Paphos' restaurants

The chaos caused by an 'invasion' of Pangaeus bilineatus bugs in Kato Paphos over the past four days has been emphasized in recent reports by Philenews....

37. Understanding price levels in Cyprus and how they compare to the EU average

According to the latest data from Eurostat, the statistical service of the European Union, the price levels for household expenses in Cyprus were 91% of the EU average in 2022....

38. Temporary VAT reduction on essentials estimated at €14.5 million

In the upcoming days, most likely early next week, a clearer picture is expected to emerge regarding the government's course of action on the reduced Value Added Tax (VAT) rate for fuel and electricity....

39. 0% VAT rate, the second round

Almost two weeks after the zeroing of the tax rate on seven products (bread, eggs, milk, baby diapers, baby food, feminine hygiene products, and adult diapers), the Ministry of Finance and the Ministry of Commerce are in discussions regarding the next list of products that will have a low or reduced tax rate....

40. Cyprus struggles with illegal sperm clinics and lack of donor registry

The lack of a register for egg and sperm donors used in medically assisted reproduction in Cyprus has emerged as a serious issue. During a recent meeting of the Parliamentary Human Rights Committee, DISY MP and member of the committee, Rita Superman,...

41. Zero VAT on basic daily goods goes into effect

A Council of Ministers decision for a zero VAT rate on a range of basic daily goods such as bread, milk, eggs, children's food, diapers, feminine hygiene products, and adult diapers comes into effect on Friday...

42. 0% VAT on bread, milk, eggs and diapers

The Council of Ministers has approved a Decree during today's session, which imposes a zero VAT rate on the delivery of certain products until October 31, 2023. These products include bread, milk, eggs, baby food, baby diapers, feminine hygiene products, and adult diapers....

43. From chocolate bunnies to souvla

As an American Roman Catholic, I thought I had the whole Easter celebration thing down pat. I mean, I grew up with the Easter bunny and chocolate eggs, and I knew all about the Stations of the Cross and Good Friday services. ...

44. Higher prices for Easter meat: Lamb sees a 25% increase, beef up by 15%

A year ago, reports described Easter dinner as the most expensive in four years. This year's prices are expected to surpass that record, according to the first data from the Easter Price Watch gathered by K and soon to be published by the Consumer Protection Agency....

45. High prices continue to plague the market

46. Price of eggs in Cyprus up by 23%

According to data released by Eurostat, food prices have significantly risen in 2022....

47. Fruits and vegetables being rationed in Britain

Supermarkets across the country have begun rationing fresh food items in a move that is expected to last “weeks”....

48. Prices of basic consumer goods fluctuating wildly

The average retail price levels in effect on December 7, 2022, compared to November 9, 2022, show that prices for basic consumer goods are staggering....

49. EC approves 7.75m aid for Cyprus agricultural sector

The European Commission has approved a 7.75 million euro Cypriot scheme to help some agricultural producers through direct grants, in order to deal with the side effects of Russia's invasion of Ukraine....

50. What is causing the egg shortage?

Andreas Hadjiadamos, executive secretary of the supermarket association, and Marios Antoniou, secretary general of the Pancyprian retail association, both appeared reassuring about market egg shortages....

51. Are milk, meat and coffee still affordable?

According to the Consumer Protection Service's Price Observatory, price increases of up to 21% and price decreases of up to 13% were observed between September 14 and October 12....

52. Study: Children born from frozen embryos more likely to develop cancer later in life

Children that are born from embryos placed in frozen storage are at an increased risk of developing cancer, an alarming new study finds....

53. Sleepy Greek port becomes US arms hub

But the sleepy port of Alexandroupoli in northeastern Greece has taken on a central role in increasing the US military presence in Eastern Europe to contain Russian aggression. That flow has angered not only Russia but also neighboring Turkey, underlining how war in Ukraine is reshaping Europe’s economic and diplomatic relationships....

54. Cost of basic consumer goods continues to rise

Prices of the vast majority of basic consumer goods continued their steady rise. Between June 8 to July 13, the largest increase was recorded in Vegetables (greenhouse cucumbers) reaching 52.2%, ...

55. Nasal spray could be the future of the COVID vaccine

When we think about COVID vaccines, most of us picture a pointy needle — and some of us might even faint. But what if getting vaccinated was as easy as inhaling a nasal spray?...

56. US food banks struggle to feed hungry amid surging prices

U.S. food banks already dealing with increased demand from families sidelined by the pandemic now face a new challenge — surging food prices and supply chain issues walloping the nation....

57. Cyprus hopes for breather on Green Monday

People in Cyprus are hoping to catch a break on Green Monday, with the government easing restrictions on nature outings on the public holiday and forecasters unsure if weather will cooperate...

58. President blames CIP failure on recklessness

Cyprus’ disgraced Citizenship by Investment Programme took a heavy toll after it was 'recklessly promoted' overseas, according to President Nicos Anastasiades, who testified on Tuesday before an independent committee, while telling reporters later that he would not revisit the matter until after probe findings are concluded...

59. President dares editor to prove allegations

Cypriot President Nicos Anastasiades has called on journalist Andreas Paraschos to show proof or admit he was wrong, after the news editor claimed the commander-in-chief had chosen money from golden passports over chances of a swift resolution to the division of the island...

60. Top editor quits over Anastasiades claim

A renowned journalist and editor-in-chief at Kathimerini Cyprus has resigned his post amid backlash from a piece he wrote on Sunday, where he claimed Cypriot President Nicos Anastasiades let slip information that he had been flying millions generated from golden passports to the Seychelles on private flights...