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841. 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"....

842. Greek Cypriots in last ditch effort to 'save Varosha'

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...

843. 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)....

844. 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....

845. 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....

846. 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....

847. 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). ...

848. '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....

849. 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....

850. 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....

851. Netflix loses nearly $45 billion in market cap

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....

852. A market-based solution to the anti-vaxxer problem

As the world grapples with the fast-spreading Omicron variant and its potentially devastating consequences, a major policy dilemma revolves around how governments might nudge the unvaccinated or partially vaccinated to join the ranks of those who are fully protected....

853. Kazakh president gives shoot-to-kill order to quell protests

Security forces appeared to have reclaimed the streets of Kazakhstan's main city on Friday after days of violence, and the Russian-backed president said he had ordered his troops to shoot to kill to put down a countrywide uprising....

854. Turkey’s inflation hits a 19-year high of 36%

Turkey’s yearly inflation climbed at the fastest pace in 19 years, jumping to 36.08% in December, official data showed on Monday....

855. What's left for the Turkish Cypriot economy after 2021

Shortly before the pandemic began, Turks and foreign analysts warned of the effects of the Erdogan government's wrong moves and decisions on the economy....

856. Financial turmoil hits Turkish Cypriots

Serious side effects from the lira's plunge–Basic food products are becoming more expensive ...

857. Luxury residences in the works at Hilton Athens

Part of the agreement on the Hilton Athens hotel between Ionian Hotels and Hilton is for the landmark unit in the center of Athens to have about 50 luxurious private residences under the brands Conrad Residences and Waldorf Astoria Residences....

858. The new investment game

Accelerating the transition to a green economy is a no-brainer. It is no coincidence that it accounts for 36.3% of the total budget of the Recovery and Sustainability Plan...

859. Turkish lira resumes slide to 17.5 against the dollar

The Turkish lira continued its freefall after President Recep Tayyip Erdogan rejected warnings from businesses about the dangers of recent interest rate cuts and vowed there was “no going back” from his approach....

860. Prices of consumer goods and services up 4.7% in November

The Harmonized Index of Consumer Prices, which measures the changes over time in the prices of consumer goods and services acquired by households, increased by 4.7% in November 2021, compared to the index of November 2020....

861. Prices of construction materials up by 17.87% in November

The Price Index of Construction Materials for November 2021 recorded an increase of 17.87% compared to the same month of the previous year, according to data released Friday by the Statistical Service of Cyprus....

862. Turkish lira blows through 15 to dollar ahead of rate decision

The Turkish lira dropped to an all-time low beyond 15 against the dollar on Thursday ahead of another expected interest rate cut by the central bank, which has fallen in line with President Tayyip Erdogan’s risky new economic program....

863. Inflation in Britain jumped to its highest level in the last 10 years at 5.1%

Inflation in Britain has jumped to a 10-year high due to a sharp rise in prices, according to data released on Wednesday on the eve of the Bank of England's decision on interest rates....

864. Alphamega Hypermarkets launches new store in Trimiklini

Alphamega Hypermarkets is adding another hypermarket to its network....

865. Germany's new chancellor

Olaf Scholz became Germany’s ninth post-World War II chancellor Wednesday, opening a new era for the European Union’s most populous nation and largest economy after Angela Merkel’s 16-year tenure....

866. Vaccine inequality

The new 'Omicron' mutation is the result of a lack of vaccination solidarity between developed and developing countries, experts and those who had previously called for vaccines to be sent to less privileged countries warn...

867. Why not take a subsidized holiday in beautiful Cyprus?

The Ministry of Tourism, after the approval of the Council of Ministers, announces the extension of the duration of the Domestic Tourism Support Plan for the period from December 1, 2021 until March 31, 2022....

868. The 30th Auction of Greek and Cypriot Artworks

869. A 'parked' cargo of 5 billion that no one can touch

With the market "drying up" and the anxious searching for raw materials, this aluminum stock is considered worth more than its weight in gold. ...

870. Reduction of electricity VAT from 19% to 9%

Finance Minister Constantinos Petrides said on Thursday that the Government has notified the EU’s VAT Committee over its intention to reduce VAT on household electricity bills from 19% to 9%...