https://knews.kathimerini.com.cy/en/business/trade-deficit-increased-by-163-5-in-january-2023
A large increase was recorded in the trade deficit in January 2023 according to preliminary data published on Monday by the Statistical Service, since the increase in imports was more than three times the increase in exports....
https://knews.kathimerini.com.cy/en/news/toblerone-forced-to-change-logo-due-to-its-un-swissness
The most famous mountain in Switzerland is no longer appropriate for Toblerone to use on its packaging. Due to its decision to relocate a portion of its production to the Slovakian capital, Bratislava, this year, US company Mondelez, ...
https://knews.kathimerini.com.cy/en/news/government-surplus-of-€609-5-million-for-2022
General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022, compared to a deficit of €402.8 mn or 1.7% of GDP, that was recorded during the period of January-December 2021....
https://knews.kathimerini.com.cy/en/news/frozen-fish-and-flour-marked-a-substantial-price-increase
Frozen fish and flour recorded a high price increase, according to data published on Wednesday by the Consumer Protection Service of the Ministry of Energy, Commerce and Industry....
https://knews.kathimerini.com.cy/en/news/botox-ampoules found-in-chocolates-smuggled-from-the-occupied-territories
Botox ampoules were one of the more bizarre items that a person attempted to smuggle through the barrier last year, according to customs officials at the British Bases in Dhekelia....
https://knews.kathimerini.com.cy/en/news/cyprus-launches-campaign-for-earthquake-victims
Cyprus’ Commissioner for the Citizen announced on Wednesday a campaign for the collection of humanitarian aid for the people affected by the deadly earthquake in Syria and Turkey, which will run between February 9 and 17...
https://knews.kathimerini.com.cy/en/news/which-names-are-being-floated-for-the-position-of-finance-minister
The new ministerial team will be assembled beginning Monday, February 13. Nicos Christodoulides and Andreas Mavroyiannis, the two candidates for the Presidency of the Republic of Cyprus, will bring in new faces to staff their Ministries....
https://knews.kathimerini.com.cy/en/news/washington-stops-short-of-tongue-lashing-nicosia
Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island...
https://knews.kathimerini.com.cy/en/news/pega-s-amendment-games
The debate on Cyprus will turn into a game of balances and... amendments in relation to the draft report of the European Parliament's Committee of Inquiry into Surveillance Software (PEGA), ...
https://knews.kathimerini.com.cy/en/business/no-more-fridays-4-day-work-week-on-the-rise
The results are in: It's time for your company to stop working on Fridays (or Mondays)....
https://knews.kathimerini.com.cy/en/business/foreign-trade-increased-significantly-in-first-ten-months-of-the-2022
Cyprus' foreign trade registered a significant increase in the first ten months of 2022, according to data released on Monday by the Statistical Service of Cyprus. The trade deficit also increased due to the great increase in imports....
https://knews.kathimerini.com.cy/en/business/tech-companies-calling-for-employee-naturalizations-after-5-years
Following the 2023 Presidential Elections and the resumption of the meetings of the House of Representatives, ICT companies will begin "pushing" for the right to apply for naturalization after 5 years of residence and work in the Republic of Cyprus,...
https://knews.kathimerini.com.cy/en/news/turkish-cypriots-outraged-over-mufti-s-call-for-women-to-procreate-on-demand
A Muslim religious leader’s instruction to women to dutifully accept a husband's “invitation to bed” to procreate has sparked outrage among many Turkish Cypriots, who saw the remarks as an imported encroachment of fundamentalist Islam on their secular community....
https://knews.kathimerini.com.cy/en/news/limassol-meat-worth-more-than-50-000-euros-stolen
Limassol CID has arrested a 47-year-old man suspected of breaking into a meat warehouse and stealing goods worth more than 50,000 euros between 2022 and 2023 in Limassol....
https://knews.kathimerini.com.cy/en/life/eight-brand-spanking-new-restaurants-in-town
The city's culinary landscape has recently been enhanced by the addition of several new restaurants and dining establishments, all of which are listed below....
https://knews.kathimerini.com.cy/en/news/thief-arrested-after-reporting-his-phone-lost-during-burglary
When he went to the police to find a mobile phone he lost while burglarizing a convenience store, a 27-year-old thief in Thessaloniki fell into a trap he unintentionally set for himself, which led to his arrest....
https://knews.kathimerini.com.cy/en/business/dispute-resolution-services-a-more-cost-effective-way-to-resolve-issues
Going to court to resolve a dispute between a consumer and a business is not always necessary. There are alternatives that are less time-consuming and less expensive than legal action and can provide very effective solutions. ...
https://knews.kathimerini.com.cy/en/news/supermarkets-bet-on-their-own-private-labeled-products
Consumers are turning to private label and exclusive import products to combat inflationary pressures on consumer goods in supermarkets....
https://knews.kathimerini.com.cy/en/news/housing-water-and-energy-take-up-25-of-eu-household-expenses
In 2021, ‘Housing, water, electricity, gas and other fuels’ represented a quarter (25.0%) of EU household expenditure and 17.1% of household expenditure in Cyprus, according to Eurostat, the statistic service of the EU....
https://knews.kathimerini.com.cy/en/business/amazon-to-layoff-18-000-employees
Amazon.com Inc's layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday....
https://knews.kathimerini.com.cy/en/business/ey-future-consumer-index-consumers-opt-for-caution-this-holiday-season
EY Future Consumer Index: consumers opt for caution this holiday season to cope with rising cost-of-living and environmental concerns, new data finds ...
https://knews.kathimerini.com.cy/en/news/lack-of-discounts-for-the-holiday-table
This year's Christmas table is expected to be laden with delectable fare. This is a tool that supermarkets have enlisted in order to retain customers and possibly increase sales, even in times of inflation....
https://knews.kathimerini.com.cy/en/news/€651-4-million-of-government-surplus-recorded-until-september-2022
Cyprus' general government surplus rose to 651.4 million for the period of July-September 2022 compared with a surplus of €319.5 mn recorded in the respective period of last year, according to preliminary general government fiscal results....
https://knews.kathimerini.com.cy/en/news/finance-ministry-cyprus-economy-will-not-enter-a-recession
There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...
https://knews.kathimerini.com.cy/en/news/students-most-frequent-internet-users-in-cyprus
Students are the group most frequently connected to the internet (99%), according to the results of the 2022 household information and communication technology usage survey, published by the Statistical Service on Thursday...
https://knews.kathimerini.com.cy/en/business/trade-deficit-jumps-to-€6-17-billion-in-january-–-october-2022
Cyprus’ trade deficit jumped to €6.17 billion for the period from January to October 2022, surpassing the deficit for the full year 2022 amounting to €5.24 billion, amid price hikes mainly driven by the war in Ukraine....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/shipping-tycoon-wants-to-transfer-biz-to-cyprus
A Norwegian-born Cypriot billionaire wants to move his shipping company to Cyprus to reap benefits, including an EU-approved tonnage tax regime available only to tax residents of the island, which is scrambling to keep its industry afloat amid sanctions against Russia...
https://knews.kathimerini.com.cy/en/news/the-2023-budget-in-the-vortex-of-the-elections
The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....
https://knews.kathimerini.com.cy/en/news/vehicle-registrations-up-7-2-annually-in-november
Vehicle registrations increased yearly by 7.2% in November 2022, according to a report published on Thursday by the Statistical Service. Total registrations of vehicles in November numbered 2,522, compared to 2,353 in November 2021.
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