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301. Over half a billion euro in government surplus so far this year

Preliminary General Government fiscal results indicate a surplus of €556.4 mn for the period of January-October 2022, according to data prepared and published by the Statistical Service of Cyprus on Wednesday....

302. Inflation rate in Cyprus expected to fall to 8.3%

Euro area annual inflation is expected to be 10.0% in November 2022, down from 10.6% in October according to a flash estimate from Eurostat, the statistical office of the European Union....

303. Cyprus helps uncover VAT carousel fraud

Cypriot authorities swung into action after an investigation of fraudulent activity in Portugal was expanded through the European Public Prosecutor’s Office, with several companies on the island reportedly linked to a scheme that cost Lisbon tens of millions in tax revenue...

304. North detains two teens on counterfeit spending spree

Two Greek Cypriot teenagers accused of using fake money to make purchases in the north have been arrested by Turkish Cypriot police, while another man from the south was detained after cartridges were found in his vehicle...

305. Raising the Black Friday bar

This year's Black Friday is expected to be much stronger and more appealing to consumers than last year's Black Friday. Following the tepid and disappointing performance of 2021, market participants believe this is the case. ...

306. Immerse yourself in a Christmas wonderland

There is a little over a month left until Christmas, which means that now is the perfect time to book a trip for anyone who is planning to reach another country, especially a European country....

307. What do Cypriots buy on Black Friday?

Only eight more days until the much-anticipated Black Friday shopping day, and ads for discounted goods continue to pound the public. Every year, many people look forward to this day in order to find the best deals on products they need....

308. Tomatoes and potatoes now regarded as luxury items

The Consumer Protection Agency published the retail prices of basic consumer goods on Friday with a reference date of 9/11/2022. The retail prices show significant price increases for potatoes and tomatoes and price decreases for some fish and legumes....

309. Consumer protection laws - 'Offers' that are real offers

Ms. Elena Papachristoforou, a consumer service and protection officer, explained the legal framework in consumer protection and the impact of the new amendments on consumers and traders on the radio show "News Release" on SPOR FM 95.0....

310. Cyprus looking for a piece of the US market

Tourism Deputy Minister Savvas Perdios has revealed plans for “opening up” the US tourism market, with a visit to New York and Washington DC penned in for January....

311. Initial PEGA report - Cyprus is an appealing destination for spy goods

312. Cyprus' annual inflation rate declines to 8.6% in October

Annual inflation rate for October expected to be 10.7% in the eurozone and 8.6% in Cyprus according to Eurostat estimates...

313. Tobacco from north lands gals in jail

Two women have been detained at a checkpoint in rural Nicosia after customs officers found a large quantity of tobacco products in their vehicle, but charges and circumstances of their detention were not immediately clear...

314. Cyprus' annual inflation rate at 9.0%, lower than EU's 9.9%

The euro area's annual inflation rate was 9.9% in September 2022, up from 9.1% in August and up from 3.4% a year earlier, according to figures published by Eurostat, the statistical office of the European Union....

315. Cyprus launches label to better market products

The new label and logo 'Cyprus made, Unique by origin' were presented by Energy Minister Natasa Pilides on Monday during the opening of the Industry Week fair...

316. 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....

317. Trade deficit increased by €1.5 bln in first 8 months of 2022

The trade deficit increased by €1.5 billion in the period from January to August 2022, compared to the same period of 2021, according to provisional data issued by the Statistical Service of Cyprus for August 2022. The deficit was €5,120.1 million in January-August 2022, which increased from €3,587.5 in January-August 2021....

318. Russia facing 8th set of EU sanctions

The Permanent Representatives of the 27 Member States of the European Union reached a political agreement on Wednesday morning, during the regular meeting of COREPER, on the eighth EU sanctions package against Russia, the Czech Presidency of the Council of the EU announced in a tweet....

319. UN's Stewart: The option of a mutually agreed solution is fading

"I am extremely concerned that the option of a mutually agreed settlement of the Cyprus problem, i.e. a formula for the reunification of the island acceptable to both sides, is fading and will not be available for much longer", UN Secretary General's Special Representative for Cyprus Colin Stewart says....

320. EU flip flops on Russian coal after Cyprus cries foul

The shipping industry in the Republic of Cyprus can breathe a sigh of relief after the European Commission eased sanctions against Russian coal, following objection from Nicosia that saw stricter guidelines as a direct blow to its competitive advantage...

321. Europe's vegetable farmers warn of shortages as energy crisis bites

Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required to freeze the harvested bulbs....

322. Consumer watchdog releases price index for September on basic consumer goods

The Consumer Watchdog has released the price index for basic consumer goods for the month of September....

323. Mario Nava: 'Energy can strengthen the connection between the two communities'

In an interview with Kathimerini, Mario Nava touches on a number of issues with regard to the Cyprus Problem, including how trade between the two communities is the only answer to smuggling, the progress in the implementation of the Halloumi case and the role of the EU in future Cyprus talks....

324. Kilograms of cash, diamonds, jewelry and a Picasso still lost after 25 years

Swissair Flight 111 from New York's JFK airport to Geneva, Switzerland, crashes off Nova Scotia, Canada, killing 229 people....

325. Inflation hits 8.9% in August

Inflation in August 2022 increased by 8.9% in Cyprus, according to data published by the Statistical Service of Cyprus on Friday. The Consumer Price Index decreased by 0.29 units and reached 113.34 units, compared to 113.63 units in July 2022, with the drop in petroleum product prices being mainly responsible for the decrease....

326. Gorbachev, who steered Soviet breakup, dead at 91

Mikhail Gorbachev, who set out to revitalize the Soviet Union but ended up unleashing forces that led to the collapse of communism, the breakup of the state and the end of the Cold War, died Tuesday. The last Soviet leader was 91...

327. Prices of consumer goods and services recorded a 10% annual increase

The harmonized consumer price index recorded in July an annual increase of 10.6%....

328. Now is a good time to follow the simple rule of 28/36

Rising prices have been a major topic of discussion over the past few weeks. In essence, however, little can be done by individuals to mitigate the effects of rising fuel and commodity prices on a global scale....

329. US response muted following reports of Turkey's second S-400 shipment

The Biden administration on Tuesday stopped short of threatening additional penalties following reports Turkey plans to receive the second batch of the Russian S-400 missile defense system....

330. Fuel a whopping 60% more expensive in 2022

Cyprus Minister of Health, Michalis Hadjipantela, is in contact with his counterparts in neighboring countries, asking them to supply Cyprus with vaccines for monkeypox, the Minister's Communications Advisοr Konstantinos Athanasiou told CNA....