https://knews.kathimerini.com.cy/en/news/cyprus-housing-prices-rise-amid-increased-demand
During the fourth quarter of 2022, housing prices in Cyprus continued their upward trend, driven by increased construction costs and higher demand....
https://knews.kathimerini.com.cy/en/news/surge-in-fraudulent-accommodation-scams-targets-holidaymakers
The director of the Electronic Crime Sub-Directorate, Andreas Anastasiades, has issued a warning about a surge in fraudulent activities where criminals are posing as tenants or owners of houses, apartments, and hotels....
https://knews.kathimerini.com.cy/en/news/finmin-underlines-the-importance-of-disciplined-policy
The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....
https://knews.kathimerini.com.cy/en/news/imf-says-cyprus-untouched-by-war-fallout
The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...
https://knews.kathimerini.com.cy/en/news/california-electricity-bills-based-on-your-paycheck
Most of the time, what you pay for electricity or water or gas depends on how much you use. Leave the air conditioner and the lights on all night, and your electricity bill will spike. Take long, relaxing bubble baths every day, and your water bill will climb....
https://knews.kathimerini.com.cy/en/news/cyprus-bets-on-all-year-round-conference-tourism
Cypriot tourism deputy minister Kostas Koumis says Nicosia is keeping an eye on competitors as travelers have many choices for summer destinations, adding the opening soon casino resort in Limassol could make a difference by bringing large conferences to the island throughout the year...
https://knews.kathimerini.com.cy/en/news/pentecost-weekend-to-boost-tourism-in-protaras
Last-minute reservations are typical for the Pentecost long weekend, as described by tourism professionals....
https://knews.kathimerini.com.cy/en/news/local-home-buyers-feel-priced-out-in-divided-cyprus
Cypriots on both sides of the divided island have been noticing real estate prices going up in recent years due to foreign buyers willing shell out more, with reports suggesting the trend is going nowhere but up...
https://knews.kathimerini.com.cy/en/business/why-are-food-prices-so-high-in-europe
It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....
https://knews.kathimerini.com.cy/en/news/illegal-bird-trafficking-ring-busted
An illegal wild bird trafficking ring was dismantled after a joint collaboration between the Game and Wildlife Service and Police....
https://knews.kathimerini.com.cy/en/news/cyprus-tourism-soars-despite-russian-sanctions
Tourism in Cyprus appears to be recovering from the repercussions of sanctions on Russia, following the invasion of Ukraine, recording an increase of 8% compared to 2019 which was a very good season for the island, according to figures discussed on Tuesday during a parliamentary committee on tourism in the presence of Deputy Minister of Tourism Kostas Koumis....
https://knews.kathimerini.com.cy/en/comment/opinion/corruption-on-the-island-of-saints
The millions - some say billions - that we lost as a state due to the corruption of various officials are not enough. Now we will have to pay additional funds to bring in "esteemed legal experts" from abroad - specifically from Great Britain - to assist in the investigations. Clearly, we are rapidly heading back to an era where corruption was limited, somewhere around 1950....
https://knews.kathimerini.com.cy/en/business/3-may-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/energizing-surprise-abundance-of-energy-sends-prices-plummeting-in-finland
Finland was dealing with an unusual problem on Wednesday: clean electricity that was so abundant it sent energy prices into the negative....
https://knews.kathimerini.com.cy/en/news/cyprus-resolute-on-natural-gas-plans-despite-geopolitical-reactions
Minister of Energy, George Papanastasiou, affirmed Cyprus' commitment to proceed with its plans for transporting natural gas from the region, both for domestic electricity generation and for liquefied natural gas (LNG) exports, despite geopolitical reactions....
https://knews.kathimerini.com.cy/en/comment/opinion/the-theatrical-hypocrisy-of-passing-the-e-kalathi-bill
In early March, during the Commerce Committee meeting, the first one attended by the current Minister of Energy, the committee chairman, along with all the members, to be fair, urgently requested the government to submit a bill....
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-a-closer-look-at-prices-and-rental-trends
With the chapter on imposing a reduced VAT rate of 5% on primary residences as a social policy measure finally moving towards resolution, an unresolved issue that has been lingering in the real estate market for years is being addressed....
https://knews.kathimerini.com.cy/en/business/the-controversial-e-kalathi-bill-house-and-stakeholders-remain-unconvinced
The e-kalathi bill fails to convince the House and stakeholders. Yesterday, the Commerce Committee of the House of Representatives held discussions on the matter, with Minister of Energy, Commerce, and Industry George Papanastasiou present....
https://knews.kathimerini.com.cy/en/business/e-kalathi-bill-presented-to-parliament
The discussion on the e-kalathi bill commences today at the Commerce Committee of the House of Representatives. This bill introduces a digital tool designed to display product prices, aiming to support the Consumer Protection Agency's efforts in monitoring the market and better protect consumer interests....
https://knews.kathimerini.com.cy/en/news/in-search-of-an-energy-strategy
After President Christodoulides' visit to Israel and his meeting with Netanyahu, two key issues have emerged regarding Nicosia's energy strategy:...
https://knews.kathimerini.com.cy/en/business/2-may-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/eu-med-9-energy-ministers-unite-to-transform-mediterranean-into-green-energy-hub
Energy Ministers of the EU-MED 9 (Cyprus, France, Greece, Spain, Italy, Croatia, Malta, Portugal and Slovenia), decided on Thursday to collaborate to make the Mediterranean Region into a hub of green energy....
https://knews.kathimerini.com.cy/en/business/0-vat-rate-the-second-round
Almost two weeks after the zeroing of the tax rate on seven products (bread, eggs, milk, baby diapers, baby food, feminine hygiene products, and adult diapers), the Ministry of Finance and the Ministry of Commerce are in discussions regarding the next list of products that will have a low or reduced tax rate....
https://knews.kathimerini.com.cy/en/business/1-may-newsletter-of-k-treppides-co-ltd-cysec
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....
https://knews.kathimerini.com.cy/en/business/powering-europe-through-cyprus
Israeli Prime Minister Benjamin Netanyahu announces major energy collaboration with Cyprus to supply Europe with natural gas via new pipeline...
https://knews.kathimerini.com.cy/en/business/unions-and-employers-sign-new-transitional-agreement-on-cola
Cyprus’ social partners (trade union and employers) on Friday signed, in the presence of the Minister of Labour and Social Insurance Yiannis Panayiotou, a new transitional agreement on the Cost-Of-Living Adjustment (CoLA) stipulating an increased allowance of 66.7% of last year’s inflation from the previous 50%....
https://knews.kathimerini.com.cy/en/news/why-do-young-people-in-cyprus-struggle-to-secure-a-home-loan
Young people are facing difficulties in securing mortgage loans due to a number of factors, according to economist Tasos Yasemidis....
https://knews.kathimerini.com.cy/en/business/sales-of-halloumi-are-increasing
The registration of halloumi cheese as a protected designation of origin product has proven to be beneficial. This is demonstrated by the latest data from the statistical service regarding exports, as well as sales in the Cypriot market....
https://knews.kathimerini.com.cy/en/news/central-bank-governor-projects-higher-economic-growth-for-2023
On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...
https://knews.kathimerini.com.cy/en/business/attica-s-real-estate-market-delivers-126-returns-in-last-5-years
The housing market has recently evolved into one of the most profitable investments, with a return of up to 126% during the last five years (2017-2022)....
