https://knews.kathimerini.com.cy/en/news/cyprus-advances-humanitarian-corridor-to-gaza-seeks-israeli-collaboration
The Republic of Cyprus remains committed to establishing a maritime humanitarian corridor for delivering aid to Gaza, according to Foreign Affairs Minister Constantinos Kombos....
https://knews.kathimerini.com.cy/en/business/cyprus-trade-deficit-swells-as-imports-surge-in-2023
Cyprus faces a growing trade deficit, reaching €6,490.8 million in January-September 2023, a €685.1 million increase from the same period in 2022, reports the Statistical Service of Cyprus. Total imports surged by 12.7% to €9,756.5 million, with exports rising by 14.6% to €3,265.7 million during the same period....
https://knews.kathimerini.com.cy/en/news/annual-inflation-drops-to-3-3-in-october
Annual inflation in Cyprus is projected to decrease to 3.3% in October 2023, a drop from 4.3% in September, as per preliminary estimates released by Eurostat, the statistical agency of the European Union....
https://knews.kathimerini.com.cy/en/news/5-000-year-old-wine-discovered-in-queen-s-resting-place
Sealed jars of wine from 5,000 years ago have been uncovered amongst the grave goods found in an Egyptian Queen’s tomb....
https://knews.kathimerini.com.cy/en/news/cyprus-tops-eu-in-export-growth-with-55-2-surge-in-august-2023
Cyprus has taken the spotlight as the European Union's top performer in export growth, with a remarkable 55.2% surge in exports during August 2023 compared to the same period in 2022, according to Eurostat, the EU's statistical service....
https://knews.kathimerini.com.cy/en/news/rising-rent-costs-challenge-cyprus-middle-class-budgets
A disconcerting trend is unfolding in Cyprus, where not only are the prices of essential goods on the rise, but rents are also skyrocketing, sparking extensive debates and concerns throughout society according to a report on Philenews....
https://knews.kathimerini.com.cy/en/news/targeted-fuel-and-heating-reductions-in-government-s-considerations
The Cyprus Electricity Authority has announced a 3% increase in electricity prices for upcoming bills. ...
https://knews.kathimerini.com.cy/en/news/e-kalathi-takes-on-soaring-fuel-and-food-prices
The ongoing debate within the House Commerce Committee regarding the Retail Price Recording and Monitoring Bill has become both tiresome and contentious....
https://knews.kathimerini.com.cy/en/news/california-boosts-minimum-wage-for-fast-food-workers-to-$20-per-hour
California is raising the minimum wage for fast food workers, marking a hard-won victory for those workers and union organizers....
https://knews.kathimerini.com.cy/en/news/delta-offers-$4-000-for-flight-delays
Overbooked flights are becoming more and more commonplace as airlines look to maximize capacity and profits. And smart flyers who aren’t in a rush can capitalize on those crowds, sometimes in a big way....
https://knews.kathimerini.com.cy/en/business/how-high-is-too-high-before-tax-relief-kicks-in
Diesel prices have dipped by nine cents per liter at gas stations compared to late August, while unleaded 95-octane petrol is now six cents cheaper....
https://knews.kathimerini.com.cy/en/news/halloumi-exports-hit-€112-million-mark
The demand for halloumi, Cyprus’ renowned cheese, in foreign markets is steadily growing with exports in the first four months of 2023 amounting to €112 million, Minister of Agriculture, Rural Development and the Environment, Petros Xenofontos has said....
https://knews.kathimerini.com.cy/en/news/are-green-products-really-green-eu-takes-a-stand
Have you ever looked at a product that claims to be carbon neutral or environmentally friendly and wondered what the heck that means, specifically? It can be a dodgy marketing practice that induces consumers into buying something that may not be anything of the sort....
https://knews.kathimerini.com.cy/en/business/ministry-on-high-alert-as-fuel-prices-soar-globally
Constantinos Karagiorgis, Director of the Consumer Protection Service at the Ministry of Commerce, Energy, and Industry, has noted a concerning and continuous rise in fuel prices on the international stage. ...
https://knews.kathimerini.com.cy/en/business/consumers-revolt-as-rising-prices-trigger-surge-in-complaints
In recent months, the Pancyprian Consumers Association has been inundated with consumer complaints, particularly following the reinstatement of excise duty on fuel and the termination of electricity subsidies. ...
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-skyrockets-to-3-1-in-august
The annual inflation rate in Cyprus saw a rise to 3.1% in August 2023, up from 2.4% in July....
https://knews.kathimerini.com.cy/en/news/ukraine-sparks-trade-war-with-legal-action-over-food-bans
Ukraine has filed lawsuits to the World Trade Organization (WTO) against Slovakia, Poland and Hungary over their bans on food imports from Kyiv.
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https://knews.kathimerini.com.cy/en/business/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. ...
https://knews.kathimerini.com.cy/en/news/woman-arrested-in-supermarket-theft-case
Police have detained a 46-year-old woman in connection with an ongoing supermarket theft investigation. The arrest was made following an incident at a supermarket in Kato Paphos on September 15, 2023, at approximately 5:30 PM, ...
https://knews.kathimerini.com.cy/en/news/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.
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https://knews.kathimerini.com.cy/en/news/government-extends-zero-vat-on-essentials
The government has decided to extend the application of the zero VAT rate on essential goods for another six months, with Finance Minister Makis Keraynos announcing the addition of coffee and sugar to the list of exempted products....
https://knews.kathimerini.com.cy/en/news/lamb-and-goat-prices-jump-29-in-a-month
Once again, our door is greeted with a knock of concern as food prices continue to rise, placing financial strain on the daily lives of many consumers. ...
https://knews.kathimerini.com.cy/en/news/chlorakas-council-concerned-over-young-jihadists-infiltrating-paphos
In a recent letter addressed to the chairman and members of the House Standing Committee on Internal Affairs, the Chlorakas Community Council voiced concerns about the alleged influx of young jihadists in the Pafos area....
https://knews.kathimerini.com.cy/en/business/weight-loss-drug-ozempic-transforms-denmark-s-economy
Massive demand for diabetes and weight loss drugs made by Danish pharmaceutical group Novo Nordisk has turned it into Europe's most valuable company, giving Denmark's economy a major makeover....
https://knews.kathimerini.com.cy/en/news/police-intercept-vehicle-carrying-€7-150-cash-and-duty-free-goods
Yesterday at 6:30 pm, police officers pulled over a vehicle driven by a 34-year-old on the Nicosia-Limassol highway just past the Pera Chorio exit....
https://knews.kathimerini.com.cy/en/news/viral-image-adds-intrigue-to-syrian-man-s-controversy
A 47-year-old Syrian man has captured headlines due to his public threats following the Chloraka incidents, sparking a whirlwind of responses....
https://knews.kathimerini.com.cy/en/news/do-secret-chip-labs-help-huawei-avoid-u-s-sanctions
Huawei Technologies Co is building a collection of secret semiconductor-fabrication facilities across China to let the company skirt U.S. sanctions, a Washington-based semiconductor association has warned, Bloomberg News reported on Tuesday....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-drops-from-10-6-to-2-4
The annual inflation rate in Cyprus was 2.4% in July 2023 (dropping from 2.8% in June 2023 and from 10.6% in July 2022), while also dropping to 5.3% in the eurozone (from 5.5% in June and 8.9% in July 2022), and to 6.1% in the EU (from 6.4% in June and 9.8% last year), according to figures published by Eurostat, the statistical office of the European Union....
https://knews.kathimerini.com.cy/en/news/uk-inflation-dips-to-17-month-low
UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts, hotels and restaurants, increased at a faster pace than the previous month.
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https://knews.kathimerini.com.cy/en/news/poland-s-big-parade-shows-readiness
Poland held its largest military parade in decades on Tuesday, in a flex of defensive muscle that comes as tensions rise on the border between the NATO nation and key Russian ally Belarus....
