https://knews.kathimerini.com.cy/en/news/finance-minister-concerned-over-rising-energy-and-grain-prices
Finance Minister Constantinos Petrides said today that he is concerned about the rising prices of grain and energy and the possibility of 'stagflation', but excluded the possibility of the Cypriot economy slipping into recession....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-cryptocurrencies-forex-companies-trading-in-cryptocurrencies-as-underlying-asset-how-to-apply
Derivatives on virtual currencies / cryptocurrencies, such as contracts for differences (CFDs), options and futures, can qualify as financial instruments under MiFID II. Subsequently, the provision of investment services in relation to financial instruments with cryptocurrencies as underlying asset in and/or from Cyprus, requires specific authorisation by the Cyprus Securities and Exchange Commission (CySEC)....
https://knews.kathimerini.com.cy/en/news/up-to-10-cents-more-for-oil-and-gas-from-today
An increase in the price of fuel is expected to begin today. The deputy director of the Consumer Protection Service, Antonis Ioannou, told Kathimerini...
https://knews.kathimerini.com.cy/en/news/op-ed-a-war-of-endurance
It is very difficult to say how the war in Ukraine will end and how long it will last. It is purely a question of endurance, of who will last longer....
https://knews.kathimerini.com.cy/en/news/russia-will-default-on-its-debts-imminently-fitch-ratings-agency-has-warned
Russia will default on its debts 'imminently', a leading credit rating agency has warned, as sanctions over Ukraine continue to pummel the country's economy....
https://knews.kathimerini.com.cy/en/news/us-to-ban-all-russian-oil-imports-reports-say
Joe Biden has decided to ban Russian oil imports to America in a dramatic ratcheting up of the economic squeeze on Vladimir Putin’s regime, according to reports from the US....
https://knews.kathimerini.com.cy/en/news/eu-plans-to-cut-russian-gas-imports-by-two-thirds-in-a-year
The European Union will outline a plan on Tuesday to cut Russian gas imports by two-thirds within a year as it seeks to reduce its dependency on the country’s fuel supplies after Moscow’s invasion of Ukraine.
...
https://knews.kathimerini.com.cy/en/news/a-ban-on-golden-passports-and-the-ukrainian-crisis-on-the-agenda-at-eu-plenary
The European Parliament is scheduled to have its plenary session this week from the 7th to the 10th of March in Strasbourg. On the agenda will be, most importantly, the Ukrainian issue as well as a discussion on an EU-wide ban on citizenship by investment schemes....
https://knews.kathimerini.com.cy/en/news/europe-wholesale-gas-prices-surge-to-record-on-russia-supply-fears
Wholesale gas prices in Europe have surged above €200 a megawatt-hour for the first time as big consumers fret about supplies from Russia....
https://knews.kathimerini.com.cy/en/news/fears-of-potential-nuclear-disaster-at-europe-s-largest-nuclear-power-plant
Russian forces seized the largest nuclear power plant in Europe after a building at the complex was set ablaze during intense fighting with Ukrainian defenders, Ukrainian authorities said on Friday....
https://knews.kathimerini.com.cy/en/news/petrides-cyprus-banks-are-safe-from-exposure-to-russia
The economic sanctions imposed against Russia following the invasion of Ukraine are not affecting Cyprus to a large extent as the island’s banking system has no exposure to Russia...
https://knews.kathimerini.com.cy/en/news/graffiti-and-ukrainian-flags-abound-in-limassol-in-show-of-support-images
In a show of support from locals, graffiti protesting Russia's barbaric moves, which seemed to have popped up overnight, were seen around Limassol. Ukrainian flags were also seen flying from flats in solidarity with the Ukrainian people....
https://knews.kathimerini.com.cy/en/news/cost-of-consumer-goods-and-services-climbs-to-the-highest-level-in-the-last-thirteen-years
Cyprus’ Harmonized Index of Consumer Prices in January 2022 increased by an annual 5%, climbing to the highest level of the last 13 years, mainly pushed by prices increases in energy and transport....
https://knews.kathimerini.com.cy/en/news/biden-putin-s-actions-are-the-the-beginning-of-a-russian-invasion-of-ukraine
US President Joe Biden described events now underway in Ukraine as "the beginning of a Russian invasion of Ukraine" as he unveiled harsh new sanctions to punish Moscow....
https://knews.kathimerini.com.cy/en/news/ukraine-russia-crisis-what-to-know-in-the-escalating-crisis
From a hastily-convened meeting of the United Nations Security Council to capitals around the world, leaders have condemned Russian President Vladimir Putin’s recognition of two pro-Russia regions in eastern Ukraine as independent and his order to send troops there....
https://knews.kathimerini.com.cy/en/news/global-markets-tumble-after-putin-orders-invasion
The FTSE 100 index fell by more than 1.5 percent today and European shares hit a seven-month low with a long-feared Russian invasion of Ukraine now appearing to be underway....
https://knews.kathimerini.com.cy/en/news/us-cranks-up-the-information-warfare-against-putin
Far from buying into claims the Ukraine showdown is easing, the United States is cranking up its relentless informational warfare campaign against Russia, keeping the world on high alert for a possible invasion of Ukraine....
https://knews.kathimerini.com.cy/en/news/turkish-opposition-leader-refuses-to-pay-power-bill-in-protest
Turkey’s main opposition leader said he will not pay his power bills until Tayyip Erdogan withdraws recent price hikes, and the president’s ruling party slammed the move on Thursday as a provocation amid growing discontent over surging inflation....
https://knews.kathimerini.com.cy/en/news/tui-large-demand-for-travel-this-summer
The tourist giant TUI gives optimistic prospects for this year's tourist traffic, which announced increased revenues of 2.37 billion euros in the first quarter of 2022, ...
https://knews.kathimerini.com.cy/en/news/peo-concerned-about-increase-in-fuel-and-basic-consumer-products
The Pancyprian Federation of Labor (PEO) has expressed its concern about the continuous upward trend in fuel prices, which, as it notes, "will add to the cost of basic consumer products"....
https://knews.kathimerini.com.cy/en/news/greek-cypriots-in-last-ditch-effort-to-save-ghost-town
The foreign minister of the Republic of Cyprus says a proposal to lift international embargos on Ercan airport in the north is “the only way to save Varosha” for Greek Cypriots, but it may be too little too late for the seasoned diplomat as Turkish Cypriots say the ghost town is now off the table...
https://knews.kathimerini.com.cy/en/business/imf-forecasts-for-global-recovery-reduced-to-4-4-for-2022
"The world economy is entering 2022 weaker than previously expected," the International Monetary Fund said in a statement on economic forecasts for the new year. Pandemic, inflation and climate crisis will determine global growth, according to a report by the International Monetary Fund (IMF)....
https://knews.kathimerini.com.cy/en/business/billionaire-mark-cuban-opens-online-pharmacy-to-provide-affordable-generic-drugs
Mark Cuban has officially launched his newest venture—the online pharmacy Cost Plus Drugs....
https://knews.kathimerini.com.cy/en/news/rental-prices-are-soaring-in-britain
Rents in the UK rose at a record rate last year and are expected to continue to rise in 2022, albeit at a slower pace, according to an analysis by Rightmove....
https://knews.kathimerini.com.cy/en/news/desperate-afghan-families-resorting-to-selling-their-kidneys-and-even-their-own-children-to-buy-food
Entire families in Afghanistan have been forced to sell their kidneys so they can buy food, as the country plunges deeper into a humanitarian crisis....
https://knews.kathimerini.com.cy/en/news/op-ed-the-eastmed-project-and-dilemmas-over-energy-strategy
The unprecedented energy crisis unfolding in Europe is a result of the European Union’s stubborn and one-sided preoccupation with the Green Deal (which is important in its own right). ...
https://knews.kathimerini.com.cy/en/news/us-is-undercutting-three-of-its-strongest-allies-in-region-by-undermining-eastmed
US Representatives Gus Bilirakis and Nicole Malliotakis recently sent a stern letter to Secretary of State Antony Blinken vociferously objecting to the Administration’s recent reversal of support for the Eastern Mediterranean Pipeline....
https://knews.kathimerini.com.cy/en/business/price-index-of-construction-materials-increases-by-17-1-in-december-2021
The Price Index of Construction Materials had a 17.1% increase in December 2021, compared to December 2020, reaching 119.66 units (base year 2015=100), according to data by the Statistical Service of Cyprus....
https://knews.kathimerini.com.cy/en/business/etyfa-prometheas-full-steam-ahead
Works on the ETYFA Flagship project which will supply clean natural gas to Vassilikos Power Station continue unabated in spite of the terrible global situation as a result of the Covid 19 Pandemic....
https://knews.kathimerini.com.cy/en/business/netflix-shares-lose
Netflix dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020, just a week after raising prices by up to $2 a month....
