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241. 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....

242. 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....

243. 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. ...

244. 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....

245. 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....

246. 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...

247. 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....

248. 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....

249. 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....

250. 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....

251. 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....

252. 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....

253. 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....

254. 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....

255. Inflation in Britain jumped to its highest level in the last 10 years at 5.1%

Inflation in Britain has jumped to a 10-year high due to a sharp rise in prices, according to data released on Wednesday on the eve of the Bank of England's decision on interest rates....

256. Mountain hiker falls to his death in the north

A man fell to his death on Monday while mountain hiking in Kyrenia, while a fellow hiker was said to be injured during the incident still under investigation...

257. Cyprus to proceed with a tax reform in 2022

Cyprus will proceed with a tax reform next year, including the increase of corporate income tax and the introduction of green taxation with a view to achieving its environmental targets, Finance Minister Constantinos Petrides has said....

258. Elderly man found dead on hiking trail

An elderly man was pronounced dead on Sunday after a nature outing where he is believed to have fallen into a ditch on a registered footpath trail in Troodos...

259. Ministry says Cyprus under new wave of hospital admissions

The number of coronavirus cases being detected in Cyprus has been rising consistently over the past two weeks, while hospitals have also seen increasing numbers of patients under 60 being admitted, a new national surveillance report published Friday showed. ...

260. Cyprus wraps up cheese that grills

Cypriot President Nicos Anastasiades says the registration of halloumi and hellim with the European Union is “to the benefit of all Cypriot producers, Greek and Turkish” following Monday’s designation for the famous cheese that grills but not without protests on both sides...

261. Hunters in Limassol spot mummified body

A group of hunters found a decomposed body on Sunday in a remote area in rural Limassol, with media reports suggesting the body could belong to an elderly hiker who disappeared earlier this summer...

262. 22-year-old confesses to igniting seven forest fires

A 22-year-old who was arrested on August 31 in connection with a forest fire that broke out in a Nicosia suburb the same day later confessed to being behind six other forest fires....

263. Justice Ministry looking into life sentence penalty for forest arsonists

The Agriculture Minister Costas Kadis has proposed to the Ministry of Justice that the maximum penalty for forest arsonists gets hiked up to a life sentence, which, Kadis said, is the only move that can act as a deterring factor in a country where most forests fires are deliberately set....

264. Government revising price cap on antiseptics, masks

The government announced on Monday that it was revising the price cap it placed last month on antiseptics and surgical masks, as growing international demand is constantly bringing price fluctuations resulting in local shortages....

265. Cyprus confirms three new coronavirus cases, total hikes to 10

The Republic of Cyprus saw three additional confirmed coronavirus cases on Thursday evening, raising the total to 10. A second COVID-19 case was also confirmed in the north earlier in the day...

266. Cyprus enterprises rank fourth in EU for social media use

Cyprus ranked fourth among the EU 27 in the number of enterprises using at least one type of social media in 2019, recording a hike of 20 per cent since 2014....

267. Overtaxation led to tax evasion

Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...

268. State to appeal Court decision on salary cuts

269. Finish what you started on reforms, IMF tells Greece

270. Eurogroup may put off tranche decision to Greece

The chances that the 1-billion-euro tranche will be disbursed to Greece are diminishing, as this Monday’s Eurogroup is not expected to grant its approval, given that the Greek government has not completed all the necessary reforms, according to a eurozone official who spoke to reporters on Thursday....