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121. ECB hikes up interest rates 75 basis points to 1.25%

The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against inflation even as the bloc's economy is heading for a likely winter recession....

122. September Newsletter of K. Treppides & Co Ltd : European Banking Authority

A new issue is out from the newsletter by Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

123. Scientists warn of dire effects as Mediterranean heats up

While vacationers might enjoy the Mediterranean Sea’s summer warmth, climate scientists are warning of dire consequences for its marine life as it burns up in a series of severe heat waves....

124. Lufthansa ground staff strike for higher pay amid inflation

Ground staff at Deutsche Lufthansa went on strike early Wednesday, prompting the cancellation of more than 1,000 flights, and adding to travel disruptions during the busy summer travel season....

125. ECB raises interest rates .5%, with further rate hikes on the horizon

The European Central Bank (ECB) increased interest rates by more than expected on Thursday, raising its benchmark deposit rate by 50 basis points to zero percent, impacting the Cyprus banking system and local borrowers....

126. The use of face masks indoors is mandatory again (Update)

The Cabinet decided on Wednesday to make face masks mandatory again in all indoor and closed spaces in Cyprus, following a hike in COVID cases and hospitalizations over the last few days....

127. Government takes steps to break Cyprus' reliance on fossil fuels

The government today took steps to break Cyprus’ reliance on fossil fuels....

128. No plan to bring back covid restrictions just yet

There are no thoughts for the time being to bring back restrictions for COVID, Press Advisor of the Ηealth Μinistry, Constantinos Athanasiou, told the Cyprus News Agency, following a hike in positivity rate and cases on Friday....

129. More than 7,000 new covid cases, 2 deaths recorded

COVID positivity rate hiked to 9.77% in Cyprus the period between 17-23 June, the Ministry of Health announced Friday. The figures showed 2 more deaths from COVID and 7,263 new cases while 47 patients are getting treatment in hospitals across the island....

130. Big disparity of fuel prices on the island

The highest price for Diesel has reached €1.999 in Cyprus, according to the Consumer Protection Service's Fuel Retail Price Observatory. ...

131. Central banks across Europe jack up interest rates to fight inflation

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits....

132. 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....

133. No end in sight to weekly price hikes in fuel

Increases in fuel prices are taking place almost on a weekly basis, according to gas station owners. ...

134. CBC: New loans drop by almost 50% in April

Cypriot banks granted 50% fewer loans this month in comparison to last month due to a sizeable reduction in new housing loans....

135. Global IPO market experiences significant slowdown in Q1 2022

136. EU official calls on Cyprus to implement recovery plan or lose funding

A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....

137. Price hike of raw materials affecting developers and construction costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....

138. Greece sets price ceiling on electricity

The government is to introduce a price ceiling on the wholesale electricity market as the request for coordinated measures at the European level, which was reformulated on Monday at the Extraordinary Council of Energy Ministers by Energy Minister Kostas Skrekas, did not appear to gain traction....

139. More and more women just don't want children: 'Kids are expensive and sticky'

A new world of opportunities has made millennial women about four times as likely as women from the Silent generation to have a bachelor's degree. ...

140. Property sales hit 14-year high in Cyprus

Property sales in March, as measured by the number of sale contracts deposited at Land Registry offices, hit a 14-year high according to figures released by the Department of Lands and Surveys....

141. 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....

142. 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...

143. Turkish opposition leader refuses to pay power bill in protest

Turkey’s main opposition leader said he will not pay his power bills until Tayyip Erdogan withdraws recent price hikes, and the president’s ruling party slammed the move on Thursday as a provocation amid growing discontent over surging inflation....

144. NHS waiting list backlog due to covid will take years to clear

The waiting list for hospital treatment will not start falling for two years, ministers say, despite unveiling a plan to tackle England's backlog in care....

145. Netflix loses nearly $45 billion in market cap

Netflix dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020, just a week after raising prices by up to $2 a month....

146. Kazakh president gives shoot-to-kill order to quell protests

Security forces appeared to have reclaimed the streets of Kazakhstan's main city on Friday after days of violence, and the Russian-backed president said he had ordered his troops to shoot to kill to put down a countrywide uprising....

147. Cyprus economy grew by 5.7% in 2021 according to Eurostat

The continued high rate of growth in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides said on Tuesday....

148. Christmas on borrowed cash for many

One in four households will take on credit card debt to buy food and presents this festive season, according to the 2021 study of the European Consumer Payment Report....

149. Turkish lira whiplashes after Erdogan moves to protect savings

Turkey's lira rocketed back from record lows in volatile trading on Tuesday after Turkish President Tayyip Erdogan proposed measures to protect local currency savings against such swings....

150. Turkish lira blows through 15 to dollar ahead of rate decision

The Turkish lira dropped to an all-time low beyond 15 against the dollar on Thursday ahead of another expected interest rate cut by the central bank, which has fallen in line with President Tayyip Erdogan’s risky new economic program....