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12° Nicosia,
19 June, 2024
 

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Displaying results 61-90 of 186 matches for query hike.

61. AKEL blasts government amid rising bank profits

https://knews.kathimerini.com.cy/en/news/akel-blasts-government-amid-rising-bank-profits

The political party AKEL has voiced its discontent with the government's handling of economic issues, particularly in light of the recent decision to raise interest rates for the tenth time....

62. The Mediterranean's wake-up call

https://knews.kathimerini.com.cy/en/comment/opinion/the-mediterranean-s-wake-up-call

The devastating aftermath of the natural disaster in the Thessalian Plain leaves no one untouched. We cannot afford complacency in the face of such a biblical catastrophe, merely observing from the safety of our couches....

63. ECB raises rates for the 10th time as it tries to quell inflation

https://knews.kathimerini.com.cy/en/business/ecb-raises-rates-for-the-10th-time-as-it-tries-to-quell-inflation

The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy....

64. U-turn on school bus fare hike

https://knews.kathimerini.com.cy/en/news/u-turn-on-school-bus-fare-hike

In a reversal that has quelled widespread apprehension, school bus fares will not be subject to an increase after all. The issue has spurred heated debates among organized parents and the Department of Transportation....

65. Potential bank tax discussed amidst rate dissatisfaction

https://knews.kathimerini.com.cy/en/news/bank-tax

Leaving the door open for potential action, the Finance Ministry is considering an additional tax on banks due to dissatisfaction with their current approach to deposit and lending rates....

66. Fuel prices surge once again. Diesel up 5 cents, unleaded 95 rises 3 cents

https://knews.kathimerini.com.cy/en/news/fuel-prices-surge-once-again-diesel-up-5-cents-unleaded-95-rises-3-cents

As August draws to a close, fuel prices are on the rise yet again, signalling increased costs at the pump. The Pancyprian Consumer Protection Association reports that one oil company has already implemented price hikes, with others expected to follow suit in the coming days....

67. Food costs soar, greens up 25.3%, fish dip by 15%

https://knews.kathimerini.com.cy/en/news/food-costs-soar-greens-up-25-3-fish-dip-by-15

Increases were noted in 32 out of 45 categories of essential consumer products in the Consumer Product Price Monitor for July 2023, according to the Consumer Protection Service....

68. Is the Harz forest home to a wolf man?

https://knews.kathimerini.com.cy/en/news/is-the-harz-forest-home-to-a-wolf-man

Blurry photos of an unkempt man carrying a “spear” in a German forest have stoked speculation that legends of a “wolf man” stalking the woods of the Harz region are true. ...

69. Man missing for 22 years emerges from icy depths

https://knews.kathimerini.com.cy/en/news/man-missing-for-22-years-emerges-from-icy-depths

The remains of a man who is believed to have died in an accident on a glacier 22 years ago have been found high in the Austrian Alps....

70. Free beach movement's proposals embraced

https://knews.kathimerini.com.cy/en/news/free-beach-movement-s-proposals-embraced

The Citizens’ Movement for Free Beaches of Paros against their illegal occupation with sun beds and assorted furniture has declared a “significant” and “symbolic” victory after the island’s municipal council unanimously adopted all the proposals made by the municipal opposition, such as strictly implementing the delimitation of the concession areas, carrying out inspections and others....

71. UK inflation dips to 17-month low

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. ...

72. Russia implements bold rate hike amidst economic challenges

https://knews.kathimerini.com.cy/en/news/russia-implements-bold-rate-hike-amidst-economic-challenges

Russia's central bank took swift action today, increasing its key interest rate by 350 basis points from 8.5 percent to 12 percent. This urgent move aimed to counteract the recent decline of the ruble, which was triggered by the Kremlin's call for stricter monetary policy....

73. Russia's ruble drops to lowest level since 2022 conflict

https://knews.kathimerini.com.cy/en/news/russia-s-ruble-drops-to-lowest-level-since-2022-conflict

The Russian ruble slid past 100 against the dollar Monday, its lowest level since March 23, 2022 -- weeks after Moscow unleashed full-scale hostilities in Ukraine....

74. Record surge in loan renegotiations amidst rising interest rates

https://knews.kathimerini.com.cy/en/news/record-surge-in-loan-renegotiations-amidst-rising-interest-rates

Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....

75. Italy surprises banks with 40% windfall tax

https://knews.kathimerini.com.cy/en/business/italy-surprises-banks-with-40-windfall-tax

Italy's rightwing coalition sent shockwaves through the financial markets as it announced an unforeseen 40% tax on bank profits derived from higher interest rates. ...

76. Corporate loans above €1 million surge

https://knews.kathimerini.com.cy/en/business/corporate-loans-above-€1-million-surge

The net new loans (excluding restructurings) in Cyprus amounted to €1.73 billion in the first half of 2023, showing a slight annual increase of 1.26%. The continuous interest rate hikes by the European Central Bank significantly slowed down the granting of housing loans....

77. Eurobank Cyprus reports soaring profits amid rising interest rates

https://knews.kathimerini.com.cy/en/business/eurobank-cyprus-reports-soaring-profits-amid-rising-interest-rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

78. Fuel companies announce significant price hikes

https://knews.kathimerini.com.cy/en/news/fuel-companies-announce-significant-price-hikes

Looking at the average prices across Cyprus, we found that the average price of unleaded 95 petrol increased yesterday afternoon, Tuesday, compared to the morning, and now stands at 1.5 euros per liter....

79. Southern Europe shines as affordable summer haven

https://knews.kathimerini.com.cy/en/business/southern-europe-shines-as-affordable-summer-haven

In an analysis by Allianz Research, holidays in southern European countries retain their cost advantage over other "competitive" summer destinations worldwide, despite rising expenses. ...

80. ECB dilemma with core inflation at 5.5%

https://knews.kathimerini.com.cy/en/news/ecb-dilemma-with-core-inflation-at-5-5

The European Central Bank (ECB) is almost certain to raise interest rates by 25 basis points in its meeting tomorrow, though what happens next is unclear....

81. Concerns over food crisis and rising prices

https://knews.kathimerini.com.cy/en/news/concerns-over-food-crisis-and-rising-prices

The head of the Competition Division of the Consumer Protection Agency at the Ministry of Commerce, Aliki Iordanou, stated that there has been no increase in product prices despite the zero VAT rate....

82. Global economy faces $590 trillion storm

https://knews.kathimerini.com.cy/en/news/global-economy-faces-$590-trillion-storm

A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...

83. Housing sales slow due to inflation and construction costs

https://knews.kathimerini.com.cy/en/news/housing-sales-slow-due-to-inflation-and-construction-costs

The value of transactions in the real estate sector amounted to €1.52 billion in the second half of the year, with the market bearing the impact of the interest hikes, inflation and the increased construction cost....

84. Uncovering hidden gems abroad

https://knews.kathimerini.com.cy/en/news/uncovering-hidden-gems-abroad

July is a month that many people eagerly await to enjoy their vacations....

85. Double impact on gas station owners

https://knews.kathimerini.com.cy/en/news/double-impact-on-gas-station-owners

Citizens are in turmoil following the termination of reduced special consumption tax rates on transportation and heating fuels, which resulted in increases of 8.32 cents in gasoline and diesel, and 6.83 cents in heating fuels. ...

86. European stocks rally on hope of interest rate peak

https://knews.kathimerini.com.cy/en/news/european-stocks-rally-on-hope-of-interest-rate-peak

Eurozone inflation fell more than expected to 5.5 percent in June, its lowest rate since the start of last year, but a slight rebound in core consumer price growth tempered any relief for policymakers....

87. Interest rate increases boost Cypriot banks' 2022 profits to €177 million

https://knews.kathimerini.com.cy/en/news/interest-rate-increases-boost-cypriot-banks-2022-profits-to-€177-million

Bank of Cyprus and Hellenic Bank generated a combined profit of €164.7 Million in Q1 2023, Driven by interest rate increases....

88. Bank of England raises interest rates to 5%

https://knews.kathimerini.com.cy/en/news/bank-of-england-raises-interest-rates-to-5

The Bank of England has raised interest rates by a half point to 5% as part of its efforts to combat high inflation and rising mortgage costs. ...

89. Cyprus banks to double net interest income in Q1 2023

https://knews.kathimerini.com.cy/en/news/cyprus-banks-to-double-net-interest-income-in-q1-2023

Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation....

90. Unveiling Europe's hidden gems for 2023: 10 affordable and underrated destinations

https://knews.kathimerini.com.cy/en/life/unveiling-europe-s-hidden-gems-for-2023-10-affordable-and-underrated-destinations

Step off the overcrowded destinations that one can find all year and opt instead for unique destinations that have it all; beauty, serenity and, in most cases, more affordable prices....

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