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781. Kyiv summons Turkish ambassador over release of ‘stolen’ grain from Russian ship

Kyiv is summoning Turkey's ambassador to Ukraine after Ankara released the Zhibek Zholy cargo ship with "stolen" Ukrainian grain Wednesday evening, Ukraine's Ministry of Foreign Affairs wrote in a statement today. ...

782. Cyprus employment fell by 1.5% to 39,100 persons employed

Employment in the broad industrial sector decreased in 2020 by 1.5% to 39,100 compared to 39,700 in 2019, according to the results of the Survey on Industrial Production 2020, published by the Cyprus Statistical Service on Monday. ...

783. Government takes steps to break Cyprus' reliance on fossil fuels

The government today took steps to break Cyprus’ reliance on fossil fuels....

784. Herodotou: 'Interest rates should be increased gradually'

The Governor of the Central Bank of Cyprus, Constantinos Herodotou, said he was in favor of the ECB gradually increasing key interest rates while keeping its options open, stressing that the European Central Bank should consider the impact of each increase and act accordingly....

785. Minister urges traveling Cypriots to fly off-peak

Cypriots are being asked to postpone summer travel during the pick season in order to ‘help not only themselves but also the airlines and airports,' after a crisis in the aviation industry made a crash landing in Europe...

786. Retail trade in the grip of inflation

The market is under intense pressure due to the inflationary trends of recent months with consumers appearing hesitant on their trips to retail stores. More shoppers are looking for special offers and refraining from impulsive buys....

787. EU to make solar panels mandatory on all new buildings

Solar panels could soon be mandatory on all new buildings in the European Union under a new proposal aimed at rapidly replacing its reliance on Russian oil and gas supplies with renewable energy....

788. Nicosia jittery about US demand to ban vessels

The Republic of Cyprus reportedly has concerns over a US request to ban vessels transporting Russian oil, with the small island but major maritime player feeling pressure as Washington leads a G7 effort to sharply reduce Russian oil revenue...

789. Russia defaults on foreign debt for the first time since 1918

Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports. ...

790. Germany a step closer to rationing after Russia cuts gas supplies

The German government formally placed its energy market on a war footing Thursday over Russia's sharp reduction of gas supplies, telling households to reduce consumption and warning that industrial output will be hit. ...

791. New rules to slash pesticide use in the EU by 50%

The European Commission proposed on Wednesday legally binding targets to halve the use of chemical pesticides and restore nature across the EU, in an attempt to better protect health and recover plunging wildlife populations....

792. EY Survey: Energy security concerns reinforce government focus on renewable energy programs

Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices....

793. Europe must be prepared for total Russian gas cut-off this winter

The International Energy Agency has warned that Europe must prepare immediately for the complete severance of Russian gas exports this winter, urging governments to take measures to cut demand and keep aging nuclear power stations open....

794. Only half of Cypriots agree with EU sanctions against Russia

Only 54% of respondents in Cyprus, compared to an average of 80% in the European Union, agree with EU financial sanctions against Russia, according to the European Parliament's spring Eurobarometer findings....

795. Big disparity of fuel prices on the island

The highest price for Diesel has reached €1.999 in Cyprus, according to the Consumer Protection Service's Fuel Retail Price Observatory. ...

796. Greek PM meets with President Anastasiades in Cyprus

Greek Prime Minister Kyriakos Mitsotakis and Cyprus President Nikos Anastasiades said Friday that international law, strong alliances and the countries’ presence in the EU are what protect against Ankara's rhetoric and provocations....

797. It's full steam ahead for the Cyprus-Greece ferry

Preparations are on overdrive for the first ferry round-trip on Sunday between Cyprus and Greece after 21 long years, according to the shipping line coordinating the route....

798. Central banks across Europe jack up interest rates to fight inflation

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits....

799. US Fed raises interest rates by .75%, largest hike in 30 years

The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....

800. Myth-buster: IFRS 17 an accounting standard for insurance contracts

As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...

801. EU strikes deal on adequate minimum wage in member states

With a deal struck on Monday night, Parliament and Council negotiators agreed on EU rules to set adequate minimum wages, as provided by national law and/or collective agreements....

802. Looking for answers

There are many major issues that need to be addressed, many of them divisive, before a new president is to be elected in Cyprus. ...

803. No end in sight to weekly price hikes in fuel

Increases in fuel prices are taking place almost on a weekly basis, according to gas station owners. ...

804. Turkey buying stolen Ukrainian grain from Russia

Kyiv's ambassador to Ankara said on Friday Turkey is among the countries that is buying grain that Russia stole from Ukraine....

805. CBC: New loans drop by almost 50% in April

Cypriot banks granted 50% fewer loans this month in comparison to last month due to a sizeable reduction in new housing loans....

806. Mykonos' DK Oyster Bar in legal hot seat for overcharging

Two American tourists are taking legal action against a Greek beach bar after it charged them more than £500 for two drinks and a plate of crab legs....

807. Global IPO market experiences significant slowdown in Q1 2022

808. Bank of Cyprus used car auction on the 7th of June

The Bank of Cyprus is once again holding an auction for used cars. See the list below with prices and click on the links for additional information....

809. Industrial prices soar by 19.5% in Cyprus

Cyprus’ Index of Industrial Output Prices for April 2022 reached 123.8 units (base 2015=100), recording an increase of 19.5% compared to the same month last year, according to data published by the island’s Statistical Service (CyStat) on Monday....

810. 103 million euros in support measures for vulnerable households

Cyprus’ government announced a new package of financial support measures for vulnerable groups of the population, to the tune of 103 million euros on Friday, to offset the impact of inflation and the war in Ukraine....