https://knews.kathimerini.com.cy/en/news/police-arrest-63-year-old-suspect-in-massive-£300-000-cheddar-theft
Detectives investigating the high-profile theft of 22 tons of cheddar from Neal’s Yard Dairy have arrested a 63-year-old man on suspicion of fraud by false representation and handling stolen goods, police confirmed.
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https://knews.kathimerini.com.cy/en/news/rising-rents-in-cyprus-causing-a-burden-for-middle-class-families
In an interesting article written by Kathimerini's Panayiotis Rougalas, the Cypriot government has launched programs aimed at addressing the country’s severe housing crisis, but high rent prices across Cyprus continue to stretch the budgets of most households, especially for middle and lower-middle-income families....
https://knews.kathimerini.com.cy/en/news/countdown-to-black-friday-tips-to-avoid-scams
As Black Friday approaches on Nov. 29, businesses worldwide are gearing up for significant sales events. Recognized as the unofficial start of the holiday shopping season in the U.S. since 1952, Black Friday is observed on the fourth Friday in November, the day after Thanksgiving....
https://knews.kathimerini.com.cy/en/news/kapopoulos
Kapopoulos Auction House will present a live auction of Artworks at the Ajax Hotel in Limassol on Wednesday, November 6 at 7:30 p.m....
https://knews.kathimerini.com.cy/en/news/cbc-urges-banks-to-show-social-responsibility-despite-sector-s-strength
The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-shareholders-moving-at-different-speeds
CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....
https://knews.kathimerini.com.cy/en/comment/opinion/cypriot-banks-sending-loans-abroad-a-growing-risk
Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....
https://knews.kathimerini.com.cy/en/news/finance-minister-stands-firm-on-economic-stability-amid-rising-pressures
In a recent interview with Andreas Kimitris, Cyprus Finance Minister Makis Keravnos spoke candidly about his firm stance on the country’s economic stability. ...
https://knews.kathimerini.com.cy/en/news/bank-profits-in-crosshairs-as-tax-talks-heat-up
The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...
https://knews.kathimerini.com.cy/en/news/protests-rise-against-barcelona-s-growing-tourist-influx
Barcelona is grappling with a surge in tourism that has led to rising tensions among locals. Iconic landmarks like Sagrada Familia and Park Güell, along with bustling streets like Las Ramblas, are attracting 170,000 visitors daily, according to city authorities. ...
https://knews.kathimerini.com.cy/en/news/israel-and-cyprus-in-talks-for-natural-gas-supply
The energy ministries of Israel and Cyprus are currently engaged in discussions aimed at potential cooperation in the energy sector, according to a report by S&P Global. ...
https://knews.kathimerini.com.cy/en/business/soaring-prices-of-fruits-and-vegetables-hitting-consumers-hard
Cypriot consumers are feeling the pinch as the prices of fruits, vegetables, and greens have surged, making it harder for households to purchase these essential goods....
https://knews.kathimerini.com.cy/en/news/cyprus-worried-about-inflation-as-tensions-rise-between-israel-and-iran
The escalating conflict between Israel and Iran could disrupt global energy supply chains, with Cyprus likely to feel the effects....
https://knews.kathimerini.com.cy/en/news/limassol-office-costs-outpace-london-and-amsterdam
Office rental prices in Cyprus, particularly in Limassol, have exceeded those in cities like London and Amsterdam, according to major tech companies operating on the island....
https://knews.kathimerini.com.cy/en/news/olive-oil-and-potato-prices-surge-in-cyprus-by-over-50
Olive oil and potatoes saw the largest annual price increases in September 2024, surging by 61.3% and 57.7% respectively, according to data from the Cyprus Consumer Association....
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....
