https://knews.kathimerini.com.cy/en/news/inflation-slows-to-0-7-in-september-due-to-falling-oil-prices
Inflation hit a three-year low due to the fall in oil prices in September 2024, rising at a rate of 0.7%, according to data released by the Statistical Service on Thursday. The Consumer Price Index (CPI) in September 2024 increased by 0.38 units to 118.48 units compared to 118.10 units in August 2024....
https://knews.kathimerini.com.cy/en/news/house-prices-in-cyprus-rise-2-5-year-on-year-in-q2-2024
Τhe House Price Index for the second quarter of 2024 amounts to 112.86 units, according to preliminary estimate of the Statistical Service. Compared to the Index of the corresponding quarter of 2023, the Index increased by 2.5%.
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https://knews.kathimerini.com.cy/en/business/kpmg-academy-upcoming-seminars-focused-on-professional-growth
The KPMG Academy is celebrating 15 years of delivering top-tier professional development in Cyprus. Known for its high-quality training programs, the Academy is gearing up for the next semester......
https://knews.kathimerini.com.cy/en/news/oil-prices-surge-4-after-iran-fires-missiles-at-israel
Oil prices surged nearly 4% on Tuesday following Iran's ballistic missile attacks on Israel, launched in retaliation for Israel’s campaign against Tehran’s Hezbollah allies in Lebanon....
https://knews.kathimerini.com.cy/en/business/cyprus-credit-rating-upgrade-a-boon-for-investors-but-what-about-citizens
Cyprus has recently received good news from the credit rating agency Capital Intelligence (CI), which upgraded the country’s credit ratings, according to Kathimerinni's Dorita Yiannakou. ...
https://knews.kathimerini.com.cy/en/news/electricity-subsidies-and-zero-vat-on-essentials-to-end-on-october-1st
The Ministry of Finance announced today that starting October 1, 2024, it will stop the staggered electricity subsidy and the zero VAT rate on basic goods. These measures were designed to help households deal with rising costs of living....
https://knews.kathimerini.com.cy/en/business/sklaventis-cyprus-opens-new-office-in-limassol
Sklavenitis Cyprus has officially inaugurated its new four-story office building in Polemidia, Limassol, which encompasses 2,000 square meters and accommodates 170 workstations. ...
https://knews.kathimerini.com.cy/en/news/cera-approves-€125m-for-cyprus-crete-power-link
The Cyprus Energy Regulatory Authority (CERA) has approved an annual investment recovery of €25 million for the Cyprus-Crete electricity interconnection project, also known as the Great Sea Interconnector (GSI), covering the period from January 1, 2025, to December 31, 2029....
https://knews.kathimerini.com.cy/en/news/cyprus-inflation-falls-to-2-2-in-august
Inflation in Cyprus dropped to 2.2% in August, down from 2.4% in July, matching the overall trend in the eurozone. Across the EU, inflation also fell to 2.4%, compared to 2.8% the previous month, according to Eurostat. A year ago, inflation rates were higher, with Cyprus at 3.1% and the eurozone at 5.2%....
https://knews.kathimerini.com.cy/en/news/cyprus-cocktail-week-is-coming
The organizing team behind the Cyprus Cocktail Festival is excited to announce the debut of Cyprus Cocktail Week, which will run from October 2nd to October 8th....
https://knews.kathimerini.com.cy/en/news/wizz-air-s-7-hour-flights-start-at-£89-if-you-re-up-for-a-squeeze
Ultra-low-cost carrier Wizz Air will maintain its no-frills offering even as it introduces longer flights, betting that passengers will "suffer the pain" for cheaper fares....
https://knews.kathimerini.com.cy/en/business/1-trade
Cyprus’ trade deficit dropped by 17% in the first seven months of 2024, falling to €4.31 billion compared to €5.19 billion during the same period last year, ...
https://knews.kathimerini.com.cy/en/comment/opinion/politics-blog-cyprus-politicians-dive-deep-over-undersea-connection
Averof Neofytou and Annita Demetriou have crossed swords once again, this time over the proposed undersea cable linking Cyprus to Greece. ...
https://knews.kathimerini.com.cy/en/news/tiny-house-big-rent-limassol-s-housing-crisis-hits-new-heights
It's no secret that rental prices in Cyprus, especially in Limassol, have skyrocketed to absurd levels. With people struggling to find affordable housing amidst a sea of luxury apartments and inflated costs, one local decided to poke fun at the situation—and it's hilarious!...
https://knews.kathimerini.com.cy/en/business/tuesday-is-cyprus-last-chance-to-end-its-energy-isolation
A crucial meeting in Nicosia on Tuesday hopes to resolve months of tensions surrounding the Israel-Cyprus-Crete electricity interconnection project, a key energy link between Europe and the Mediterranean....
https://knews.kathimerini.com.cy/en/news/oil-and-potatoes-lead-price-hikes-in-august
Olive oil and potatoes saw the steepest price increases in August 2024, according to the latest data from the Cyprus Consumer Association....
https://knews.kathimerini.com.cy/en/news/inflation-slows-as-august-sees-small-price-increases
Inflation in Cyprus slowed down in August 2024, with prices rising by 1.5%, compared to a 2.11% increase in July. The Consumer Price Index (CPI), which measures the cost of living, went up slightly from 117.73 to 118.10....
https://knews.kathimerini.com.cy/en/news/cyprus-homebuyers-favor-apartments
Homebuyers in Cyprus are showing a growing interest in buying apartments, according to a new report. ...
https://knews.kathimerini.com.cy/en/news/back-to-school-shopping-spikes-as-prices-fluctuate
in an article written by Kathimerini's Anna Polyviou, back-to-school shopping is in full swing with the new school year just around the corner. Consumers scramble to buy essentials like clothing, footwear, stationery, and school bags, taking advantage of a wide variety of products and offers to suit their needs and budgets....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-illusion-of-prosperity-as-unemployment-numbers-mask-realities
In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....
https://knews.kathimerini.com.cy/en/news/cera-decision-delay-stalls-cyprus-crete-electrical-cable-project
The Regulatory Authority of Cyprus (CERA) has once again postponed its decision on the timing of cost recovery for the Cyprus-Crete electrical cable project, causing frustration among stakeholders....
https://knews.kathimerini.com.cy/en/news/school-bags-in-cyprus-priced-from-€3-99-to-€209-95
The Cyprus Consumer Association is advising parents and students to be vigilant when shopping for school supplies, as a recent survey reveals a significant variation in prices across the market....
https://knews.kathimerini.com.cy/en/news/cyprus-to-offer-more-affordable-homes-with-cldc-s-three-part-plan
The development programme of the Cyprus Land Development Corporation (CLDC) will move along three pillars in order for the organisation to provide affordable housing for purchase or rent to beneficiaries, is Director General Eleni Symeonidou, has told the Cyprus News Agency, stressing the contribution of the organisation in easing the housing shortage....
https://knews.kathimerini.com.cy/en/news/ema-slams-eac-for-undermining-electricity-market-competition
The Electricity Market Association (EMA) is expressing concern over recent requests made by the Electricity Authority of Cyprus (EAC) to President Nicos Christodoulides....
https://knews.kathimerini.com.cy/en/business/cyprus-inflation-slows-to-2-4-in-july
Consumer prices in Cyprus are rising more slowly, with the annual inflation rate dropping to 2.4% in July, down from 3% in June, according to the Statistical Service of Cyprus (Cystat)....
https://knews.kathimerini.com.cy/en/news/ukraine-intensifies-fight-against-illicit-tobacco-trade
The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...
https://knews.kathimerini.com.cy/en/news/fuel-prices-drop-across-cyprus
The retail price of 95-octane unleaded petrol in Cyprus has seen a noticeable decrease in the last 24 hours, with the national average now standing at €1.480 per litre....
https://knews.kathimerini.com.cy/en/news/paris-ranks-as-europe-s-most-expensive-city-for-housing
Paris remains the most expensive city in Europe for free-market housing, with an average price of 14,900 euros per square meter, according to a report by Deloitte....
https://knews.kathimerini.com.cy/en/news/kamala-harris-unveils-economic-plan-with-tax-cuts-and-housing-focus
Vice President Kamala Harris is set to present a comprehensive economic plan during a major policy speech in Raleigh, North Carolina, on Friday....
https://knews.kathimerini.com.cy/en/business/wizz-air-launches-one-of-a-kind-all-you-can-fly-membership
Wizz Air, Europe’s most sustainable airline globally1, has announced the launch of its “All You Can Fly” membership, providing an extensive number of flights across 12 months for €599, to more than 800 destinations....
