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511. Wheat prices up by more than 6%

The price of wheat rose more than 6% last week amid concerns that the international agreement on the export of Ukrainian grain, which expires on July 18, may not be renewed....

512. Cyprus banks to double net interest income in Q1 2023

Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation....

513. Understanding price levels in Cyprus and how they compare to the EU average

According to the latest data from Eurostat, the statistical service of the European Union, the price levels for household expenses in Cyprus were 91% of the EU average in 2022....

514. Cyprus farmers voice alarm over plant protection regulation

The European Commission is addressing farmers' concerns regarding the proposed regulation on plant protection in the European Union. They assure that the implementation of the new rules will be gradual, aiming to minimize any impact on production and food prices....

515. Construction materials prices stabilize as index drops in May

Construction materials prices started to stabilize in Cyprus, with the Price Index of Construction Materials decreasing 0.06% in May, compared to April, according to data published by the Cyprus Statistical Service on Monday. The Price Index of Construction Materials for May 2023 reached 135.51 units (base year 2015=100)....

516. Temporary VAT reduction on essentials estimated at €14.5 million

In the upcoming days, most likely early next week, a clearer picture is expected to emerge regarding the government's course of action on the reduced Value Added Tax (VAT) rate for fuel and electricity....

517. Cablenet: The Fastest Growing Mobile Network

518. Unveiling Europe's hidden gems for 2023: 10 affordable and underrated destinations

Step off the overcrowded destinations that one can find all year and opt instead for unique destinations that have it all; beauty, serenity and, in most cases, more affordable prices....

519. Pork prices on the rise

In response to the ongoing challenges caused by the pandemic and the conflict in Ukraine, the prices of meat have seen a steady increase, with pork now facing another surge. ...

520. Chocolate prices to surge

Chocolate enthusiasts should brace themselves for price hikes in the near future, as cocoa prices continue to soar. ...

521. Agricultural land for sale by AstroBank

522. Government ends tax break, fuel and electricity prices to rise

The Director General of the Ministry of Finance, Michalis Pantelis, has expressed the government's intention to end the measure of reducing excise tax on fuel and electricity....

523. 17% of Cypriots admit to purchasing fake goods

According to a report from the European Union Intellectual Property Office (EUIPO), Cypriots have admitted to accessing content illegally, particularly for watching sports. ...

524. The 'holiday scam': Protecting yourself when booking online

An increasing number of individuals are opting to plan their vacations online, a trend that, as observed in previous years, carries potential risks and pitfalls. ...

525. 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....

526. 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....

527. 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....

528. 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...

529. 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....

530. 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...

531. Pentecost weekend to boost tourism in Protaras

Last-minute reservations are typical for the Pentecost long weekend, as described by tourism professionals....

532. 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...

533. 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....

534. 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....

535. 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....

536. 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....

537. 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....

538. 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....

539. 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....

540. 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....