Search

271. Von der Leyen: Temporary cap on gas prices

The European Commission is now moving towards a temporary cap on gas prices and a common supply of energy products, Commission President Ursula von der Leyen said in a speech to the European Parliament on Wednesday morning....

272. Cypriot businesses face serious issues, but still expect to turn a profit

What are the main problems for Cypriot businesses (table) ...

273. 170,000 flu vaccines on on their way to Cyprus

Vaccination against the seasonal flu by GPs is expected to begin within the first ten days of October and Cyprus will receive 170,000 vaccines which are set to arrive Wednesday....

274. Self-employed more at risk of poverty in Cyprus and EU in 2021

In 2021, almost a quarter (23.6%) of all self-employed people aged 18 years and over in the EU were at risk of poverty and social exclusion....

275. Self check-in and robots - the future of tourism in Cyprus

276. Non-PDO halloumi being sold off at deeply discounted prices

Many supermarket chains and stores that sell halloumi are offering deep discounts on singular or bulk sales of the cheese. These are clearly those products that do not fall within the PDO specifications and are not labeled accordingly....

277. 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....

278. Employment and working hours up compared to last year

Employment in Cyprus increased by 1.9% in the second quarter of 2022, in comparison to the corresponding quarter of the previous year, reaching 458,706 persons. However, actual working hours increased by 5.2% in the same period and are estimated at 207,154 thousand, according to data published by the Statistical Service....

279. Euro-dollar exchange falls to a 20-year low

The escalation of the energy crisis with Moscow's aggressive, albeit predictable, decision to close the Nord Stream 1 pipeline indefinitely has led to a new fall in the euro, this time below 99 cents on the dollar....

280. Photovoltaic systems are increasing in popularity in Cyprus

With inflated electricity prices hitting households and businesses, the installation of photovoltaic systems, or solar panels, comes as an attractive solution for more and more consumers....

281. 89% of Cypriots got their news from online sources in 2021

Cyprus is one of the countries in the EU with the largest percentage of users using the internet to access online news sites, newspapers and news magazines, according to data released by Eurostat, the statistical office of the European Union....

282. Cyprus is below the EU average on high speed internet coverage

In 2021, 41% of households in Cyprus enjoyed high-speed internet coverage through fixed very high capacity networks (VHCN) compared with 70% on average in the EU, according to data released by Eurostat, the statistical office of the European Union....

283. Cyprus unemployment rate at 6.8% in 2nd quarter of 2022

The unemployment rate in Cyprus was 6.8% of the labor force in the 2nd quarter of 2022, recording a decrease of 1.6% compared to the corresponding quarter of 2021....

284. 17.3% of the population were at risk of poverty or social exclusion in 2021

Slightly more than 17% of the population in Cyprus were in 2021 at risk of poverty or social exclusion....

285. Prices of consumer goods and services recorded a 10% annual increase

The harmonized consumer price index recorded in July an annual increase of 10.6%....

286. Now is a good time to follow the simple rule of 28/36

Rising prices have been a major topic of discussion over the past few weeks. In essence, however, little can be done by individuals to mitigate the effects of rising fuel and commodity prices on a global scale....

287. Cyprus fires back at Eurostat report

The Cypriot Fire Department took issue with a Eurostat report this week that said the Republic of Cyprus in 2021 had the second highest share of firefighters on payroll...

288. Increasing electricity costs to be subsidized by the government

A subsidy that will cover part of the increase in the price of electricity was hammered down during today's session by the Cabinet. As the Minister of Finance Constantinos Petridis stated, ...

289. K. Treppides & Co Ltd: Benefits in Kind

There are a number of commercial benefits that come with registering the property in the name of a legal entity rather than as an individual e.g. for asset protection purposes as it provides protection against personal insolvency since a property that is in the name of a legal entity should not be affected should the individual becomes personally insolvent....

290. Consulco’s London Credit Fund keeps making 4% p.a. for its Euro investors

Consulco’s London Credit Fund has been reaching and exceeding its annualized target return of 4,00% on Euro since its inception. ...

291. 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....

292. Discussions on minimum wage in the final stretch

We are entering the final stretch for the introduction of the minimum wage in Cyprus and serious developments are expected next Friday, July 22, 2022....

293. 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....

294. Majority of Cypriots believe corruption is rampant in the country

A total of 94% of respondents in a special Eurobarometer published by the European Commission on Wednesday believe that the problem of corruption is widespread in the country....

295. Cypriots prefer television as their main source for news

Television remains the main source of news in both Cyprus and the EU, with online news platforms and social media following at higher percentages than the EU average, according to the findings of a flash Eurobarometer published by the European Parliament....

296. EAC: Electricity rates to be increased by 24%

The Cyprus Electricity Authority's pricing plans are expected to be approved by the Cyprus Energy Regulatory Authority in the coming days, EAC spokesperson Christina Papadopoulou told CNA on Tuesday....

297. Christodoulides the undisputed favorite in the race for the presidency

Nikos Christodoulidis remains the undisputed favorite in the presidential election race, according to a Symmetron poll for "Kathimerini"....

298. These are the top 10 airlines by flight cancellations in Europe

Mabrian, the travel intelligence platform, has analysed data relating to European airline scheduling over the last few weeks in response to the operating challenges that many are facing and has listed the top ten airlines by flight cancellations in Europe....

299. 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....

300. Covid cases have increased up to 34% in some EU countries

The increase of COVID-19 cases in some countries of Europe since last week has been up to 34%, EU Health and Food Security Commissioner, Stella Kyriakides, told Cypriot journalists covering the European Parliament plenary in Strasbourg, on Tuesday....