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/news/kyiv-summons-turkish-ambassador-over-release-of-‘stolen-grain-from-russian-ship
Kyiv is summoning Turkey's ambassador to Ukraine after Ankara released the Zhibek Zholy cargo ship with "stolen" Ukrainian grain Wednesday evening, Ukraine's Ministry of Foreign Affairs wrote in a statement today.
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https://knews.kathimerini.com.cy/en/news/an-historic-day-as-pafos-polis-highway-constructions-begins
The construction of the Pafos-Polis Chrysochous highway officially began on Friday. The Minister of Transport, Communications and Works, Yannis Karousos, was on hand to mark the "historic" day, as he called it....
https://knews.kathimerini.com.cy/en/news/russia-accuses-west-of-spreading-lies-about-causes-of-world-s-food-crisis
Russia on Wednesday said the West was spreading lies about the causes of the global food crisis which Moscow said was being stoked by the sanctions imposed on Russia by the United States and European Union due to the invasion of Ukraine....
https://knews.kathimerini.com.cy/en/news/moscow-and-nato-could-clash-over-kaliningrad
The United States today said its support for Lithuania is 'ironclad' and that any attack on the country would 'constitute an attack on all NATO members'....
https://knews.kathimerini.com.cy/en/news/russia-vows-retaliation-over-lithuanian-blockade-of-goods
Russia warned NATO member Lithuania on Monday that unless the transit of goods to Russia's Kaliningrad exclave on the Baltic Sea was swiftly restored then Moscow would take undisclosed measures to defend its national interests....
https://knews.kathimerini.com.cy/en/news/us-fed-raises-interest-rates-by-75-largest-hike-in-30-years
The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-the-dilemmas-of-war-and-pandemic
Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely.
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https://knews.kathimerini.com.cy/en/business/myth-buster-ifrs-17-an-accounting-standard-for-insurance-contracts
As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...
https://knews.kathimerini.com.cy/en/news/eu-strikes-deal-on-adequate-minimum-wage-in-member-states
With a deal struck on Monday night, Parliament and Council negotiators agreed on EU rules to set adequate minimum wages, as provided by national law and/or collective agreements....
https://knews.kathimerini.com.cy/en/business/fee-free-cash-withdrawals-at-supermarkets-and-bakeries
Following an international trend, consumers in Cyprus will now be able to withdraw cash without a fee at participating supermarkets, bakeries, butchers and gas stations. The maximum withdrawal limit is set at 100 euros....
https://knews.kathimerini.com.cy/en/news/nicosia-police-officer-caught-stealing
Authorities arrested a 47-year-old police officer after surveillance cameras caught him stealing from a supermarket in Nicosia....
https://knews.kathimerini.com.cy/en/news/satellite-images-appear-to-show-russian-ships-stealing-ukrainian-grain
Russia's theft of Ukrainian grain appears to be ramping up as it continues its war on the country, according to new satellite photos of the Crimean port of Sevastopol....
https://knews.kathimerini.com.cy/en/business/cyprus-exports-up-by-55-in-jan-feb-2022
Total exports of goods to the EU Member States and to third countries in January - February 2022 increased by 55.2%, compared to the same period last year, according to the monthly report published by the Statistical Service of Cyprus. ...
https://knews.kathimerini.com.cy/en/news/moscow-won-t-open-ukrainian-ports-for-grain-export-unless-sanctions-are-reviewed
Moscow said on Thursday that sanctions on Russia would have to be reviewed if it were to heed a U.N. appeal to open access to Ukraine's Black Sea ports so that grain could be exported, according to an Interfax news agency report....
https://knews.kathimerini.com.cy/en/business/trade-deficit-at-€429-million-in-february-and-€729-million-in-march
The trade deficit in February amounted to €429 million, according to the final data on the month's trade published by the Statistical Service on Tuesday. Additionally, preliminary data from the Statistical Service show that the trade deficit for March 2022 reached €729 million....
https://knews.kathimerini.com.cy/en/news/inflation-in-turkey-spikes-to-almost-70
Inflation in Turkey reached record levels of almost 70% in April, rising by 8.83 points in a month, according to official statistics released today....
https://knews.kathimerini.com.cy/en/news/plastic-waste-could-be-a-thing-of-the-past-thanks-to-a-new-enzyme
Plastic waste dumped in landfills could be cleared sooner than expected after engineers developed an enzyme that can break it down in just a few hours....
https://knews.kathimerini.com.cy/en/news/cyprus-and-eu-economies-facing-a-twin-problem-following-the-war-in-ukraine
The EU and Cyprus economies are facing a “twin problem” of rising commodity and energy prices and heightened uncertainty following the invasion of Russia in Ukraine, according to discussions held by the Nicosia Chamber of Commerce and Industry and the European Investment Bank (EIB)....
https://knews.kathimerini.com.cy/en/news/cyprus-has-at-least-a-three-month-stock-of-wheat-for-human-consumption-minister-says
Cyprus has enough wheat for human consumption for at least three months, Minister of Agriculture, Rural Development and the Environment, Costas Kadis has told CNA....
https://knews.kathimerini.com.cy/en/news/op-ed-inflation-welcomes-generation-z
Inflation is the rate at which prices rise, which means that we need more money to buy the same product or service. Consequently, if your salary stays the same, then your purchasing power will decrease, as you will be able to buy fewer goods and services....
https://knews.kathimerini.com.cy/en/news/op-ed-fertilizer-inflation-presages-a-global-food-supply-crisis
We know that the war in Ukraine has led to sharp increases in prices for both food and fuel. This in turn has sparked concern that we may see a repeat of the famine and food riots that took place in 22 countries in the years following the global financial crisis, caused by a perfect storm of rising commodities prices....
https://knews.kathimerini.com.cy/en/news/nicosia-roundtable-calls-on-cyprus-to-reexamine-sanctions
Leaders from the Russian business community in the Republic of Cyprus are calling on the government to reexamine sanctions in the wake of the war in Ukraine, saying the measures were hurting the island nation...
https://knews.kathimerini.com.cy/en/news/abramovich-superyacht-eclipse-docks-in-marmaris
A second superyacht linked to Russian billionaire Roman Abramovich docked in a Turkish resort on Tuesday and sources familiar with the discussions said he and other wealthy Russians were looking to invest in Turkey given sanctions elsewhere....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-cryptocurrency-trading-in-cryptocurrency-for-own-benefit-cyprus-tax-treatment
Seems that we cannot stop hearing stories about cryptos in our workplace and media or via web searching how many people have become millionaires trading in cryptocurrencies...
https://knews.kathimerini.com.cy/en/news/14-containers-of-humanitarian-aid-to-ukraine-to-set-sail-this-afternoon
The Republic of Cyprus is sending a total of 14 large containers of humanitarian aid to Ukrainian, with the Minister of Transport Yiannis Karousos and the Citizen's Commissioner Panagiotis Sentonas expressing their gratitude to the citizens and all the departments involved for the collection, packing and shipping of the goods....
https://knews.kathimerini.com.cy/en/news/people-around-the-world-are-booking-airbnbs-in-ukraine-but-they-don-t-plan-to-check-in
One of the social media influencers behind the Airbnb effort also has encouraged his followers to patronize Ukrainian merchants on Etsy but ask sellers not to ship any goods. Etsy has announced it's canceling the current balances and fees owed by all sellers in Ukraine....
https://knews.kathimerini.com.cy/en/news/cyprus-scraps-safe-pass-in-supermarkets
Consumers in the Republic of Cyprus no longer have to use a Safe Pass to enter supermarkets and other shops selling necessity goods, after the health ministry adopted categories of high, medium, and low risk venues...
https://knews.kathimerini.com.cy/en/news/fifty-cypriot-nationals-still-in-ukraine
There are currently 50 Cypriot citizens in Ukraine as well as 10 Ukrainian nationals who have a permit for residence in Cyprus, Foreign Ministry spokesperson, Demetris Demetriou, has told the Cyprus News Agency (CNA), adding that the Ministry "continues to work so that it will be possible to safely and smoothly evacuate all Cypriots" from Ukraine....
https://knews.kathimerini.com.cy/en/news/cyprus-sends-humanitarian-aid-to-ukraine
The first batch of humanitarian aid from Cyprus for the people of Ukraine will be sent next Tuesday, March 8th, following arrangements made and in consultation with the European Union Civil Protection Agency....
