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12° Nicosia,
15 August, 2022
 

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Displaying results 1-30 of 116 matches for query inflation.

1. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of Q2 2022

https://knews.kathimerini.com.cy/en/business/rics-cyprus-property-price-index-with-kpmg-in-cyprus-announces-results-of-q2-2022

KPMG in Cyprus announces that the ''RICS Cyprus Property Price Index with KPMG in Cyprus'' has been issued for Q2 2022....

2. Inflation in Cyprus creeps close to 11% in July

https://knews.kathimerini.com.cy/en/business/inflation-in-cyprus-creeps-close-to-11-in-july

Inflation in July 2022, hit the double-digit mark, recording an increase of 10.9%, with the Consumer Price Index increasing by 1.39 units and reaching 113.63 units compared to 112.24 units in June 2022....

3. Turkish inflation surges to nearly 80%

https://knews.kathimerini.com.cy/en/business/turkish-inflation-surges-to-nearly-80

Turkish inflation rose to a fresh 24-year high of 79.6% in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price rises came out below forecasts....

4. Foreign Direct Investment in Europe a game of two halves: current volatility impacts strategy while long-term appeal instills confidence

https://knews.kathimerini.com.cy/en/business/foreign-direct-investment-in-europe-a-game-of-two-halves-current-volatility-impacts-strategy-while-long-term-appeal-instills-confidence

Europe’s attractiveness for FDI has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey....

5. Cyprus tourism rebounds despite lack of Russian tourists

https://knews.kathimerini.com.cy/en/business/cyprus-tourism-rebounds-despite-lack-of-russian-tourists

Beside sparkling Mediterranean waters at the Cypriot resort town of Ayia Napa, the bars are bouncing with foam dance parties as tourist numbers rebound following two tough years of the pandemic....

6. The US has plunged into recession

https://knews.kathimerini.com.cy/en/business/the-us-has-plunged-into-recession

The US has plunged into recession as soaring inflation hammers the world’s largest economy....

7. Oil and gasoline sales decreased in June

https://knews.kathimerini.com.cy/en/news/oil-and-gasoline-sales-decreased-in-june

A total decrease of 6.8% was recorded in the sale of petroleum products in June, falling to 55,061 tons. Total sales of gasoline for June were down 5.9 percent, while diesel sales were down 10.4 percent, according to statistics released by the National Bureau of Statistics on Wednesday....

8. Lufthansa ground staff strike for higher pay amid inflation

https://knews.kathimerini.com.cy/en/news/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....

9. Europe agrees to compromise deal on gas rations as Russia squeezes supply

https://knews.kathimerini.com.cy/en/news/europe-agrees-to-compromise-deal-on-gas-rations-as-russia-squeezes-supply

European Union governments agreed Tuesday to ration natural gas this winter to protect themselves against any further supply cuts by Russia as Moscow pursues its invasion of Ukraine....

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

https://knews.kathimerini.com.cy/en/news/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....

11. Italy's PM resigns spelling trouble for Europe

https://knews.kathimerini.com.cy/en/news/italy-s-pm-resigns-spelling-trouble-for-europe

Italian prime minister Mario Draghi has resigned, ending a national unity government formed to tackle unpopular reforms and spelling trouble for Europe at a time of acute economic challenges....

12. Cost of consumer goods and services increased by 9% in June

https://knews.kathimerini.com.cy/en/news/cost-of-consumer-goods-and-services-increased-by-9-in-june

The Harmonized Index of Consumer Prices (HICP) increased by 9% in June, when compared to the index of June 2021, setting a new record high, while continuing its upward course for the 16th consecutive month, pushed by the consecutive appreciations mainly in energy prices....

13. Construction costs continued its steady rise in June

https://knews.kathimerini.com.cy/en/news/construction-costs-continued-its-steady-rise-in-june

The Price Index of Construction Materials continued its rising trend in June, reflecting the increased cost borne by contractors and rising prices in the construction sector....

14. Cost of basic consumer goods continues to rise

https://knews.kathimerini.com.cy/en/news/cost-of-basic-consumer-goods-continues-to-rise

Prices of the vast majority of basic consumer goods continued their steady rise. Between June 8 to July 13, the largest increase was recorded in Vegetables (greenhouse cucumbers) reaching 52.2%, ...

15. Construction projects decline as prices soar

https://knews.kathimerini.com.cy/en/business/construction-projects-decline-as-prices-soar

Activity in the construction sector in Cyprus continues its decline in the first quarter of 2022, amid soaring prices, data released on Tuesday by the Statistical Service of Cyprus show....

16. Sri Lankan president flees country amid devastating economic crisis

https://knews.kathimerini.com.cy/en/news/sri-lankan-president-flees-country-amid-devastating-economic-crisis

Sri Lankan President Gotabaya Rajapaksa fled the country on Wednesday and hundreds of protesters stormed the prime minister's office demanding his ouster, as a people's uprising over a devastating economic crisis overwhelmed security forces....

17. Inflation edges closer to double digits in June

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....

18. Employee influence grows: 43% set to quit jobs for better pay, career opportunities and flexibility

https://knews.kathimerini.com.cy/en/business/employee-influence-grows-43-set-to-quit-jobs-for-better-pay-career-opportunities-and-flexibility

Employees around the world now hold more sway in the global job market, with two-fifths (43%) of respondents saying they are likely to quit in the next 12 months according to the EY 2022 Work Reimagined Survey...

19. Herodotou: 'Interest rates should be increased gradually'

https://knews.kathimerini.com.cy/en/news/herodotou-interest-rates-should-be-increased-gradually

The Governor of the Central Bank of Cyprus, Constantinos Herodotou, said he was in favor of the ECB gradually increasing key interest rates while keeping its options open, stressing that the European Central Bank should consider the impact of each increase and act accordingly....

20. Retail trade in the grip of inflation

https://knews.kathimerini.com.cy/en/news/retail-trade-in-the-grip-of-inflation

The market is under intense pressure due to the inflationary trends of recent months with consumers appearing hesitant on their trips to retail stores. More shoppers are looking for special offers and refraining from impulsive buys....

21. EU leaders tackle inflation, energy shocks from Russia’s war

https://knews.kathimerini.com.cy/en/news/eu-leaders-tackle-inflation-energy-shocks-from-russia-s-war

A day after endorsing Ukraine’s candidacy to join the European Union, the bloc’s leaders turned their attention Friday to the severe economic turbulence looming over the coming months as the full impact of Russia’s war sinks in and the threat of recession rises....

22. Only half of Cypriots agree with EU sanctions against Russia

https://knews.kathimerini.com.cy/en/news/only-half-of-cypriots-agree-with-eu-sanctions-against-russia

Only 54% of respondents in Cyprus, compared to an average of 80% in the European Union, agree with EU financial sanctions against Russia, according to the European Parliament's spring Eurobarometer findings....

23. Op-ed: What is Turkey up to?

https://knews.kathimerini.com.cy/en/news/op-ed-what-is-turkey-up-to

This summer, for the first time in many years, the omens concerning Greek-Turkish relations are particularly gloomy. There are many objective reasons why Turkey causing a heated incident is not the most likely scenario;...

24. Greek PM meets with President Anastasiades in Cyprus

https://knews.kathimerini.com.cy/en/news/greek-pm-meets-with-president-anastasiades-in-cyprus

Greek Prime Minister Kyriakos Mitsotakis and Cyprus President Nikos Anastasiades said Friday that international law, strong alliances and the countries’ presence in the EU are what protect against Ankara's rhetoric and provocations....

25. The end of an era as Revlon files for bankruptcy

https://knews.kathimerini.com.cy/en/business/the-end-of-an-era-as-revlon-files-for-bankruptcy

The US cosmetics group Revlon has filed for bankruptcy protection after battling supply chain problems and failing to compete with celebrity-backed and social media-savvy upstarts....

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

https://knews.kathimerini.com.cy/en/news/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....

27. US Fed raises interest rates by .75%, largest hike in 30 years

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....

28. Op-ed: The dilemmas of war and pandemic

https://knews.kathimerini.com.cy/en/news/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. ...

29. Boris Johnson to face no-confidence vote tonight

https://knews.kathimerini.com.cy/en/news/boris-johnson-to-face-no-confidence-vote-tonight

British Prime Minister Boris Johnson will face a no-confidence vote Monday that could oust him from power, as discontent with his rule finally threatens to topple a politician who has often seemed invincible despite many scandals....

30. Nicos Anastasiades to convene National Council meeting on June 9th

https://knews.kathimerini.com.cy/en/news/nicos-anastasiades-to-convene-national-council-meeting-on-june-9th

President Nicos Anastasiades has decided to convene a National Council meeting on Thursday, June 9th to discuss the latest developments in the Cyprus issue and the increasing inflationary pressures on the economy, Government Spokesperson Marios Pelekanos said on Friday in a written statement....

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