https://knews.kathimerini.com.cy/en/business/cyprus-could-meet-40-of-it-energy-needs-through-solar-power-by-2030
Cyprus is on track to meet 40% of its energy needs through solar power by 2030, according to Francesco La Camera, the Director-General of the International Renewable Energy Agency (IRENA)....
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-market-remains-unpredictable-despite-economic-chaos
Everything around us exudes a sense of precision. Costs are on the rise, from the basic materials used in production to the final products we consume. ...
https://knews.kathimerini.com.cy/en/news/israeli-hamas-war-puts-cyprus-and-egypt-at-forefront-of-credit-risks
Cyprus and Egypt are currently facing the most direct credit risks among countries rated by Scope Ratings due to the Israeli-Hamas conflict, warns the German firm....
https://knews.kathimerini.com.cy/en/news/government-vulnerable-to-rising-fuel-costs-amid-middle-east-tensions
Economist Pampos Papageorgiou recently addressed the potential economic consequences that the ongoing conflict in the Middle East may bring to Cyprus and Europe....
https://knews.kathimerini.com.cy/en/news/ireland-s-tax-policies-fill-sovereign-fund-coffers
Countries like Saudi Arabia, Norway, and Chile have long established their own sovereign-wealth funds....
https://knews.kathimerini.com.cy/en/news/fuel-prices-set-to-drop-over-the-next-24-hours
In an upcoming change for motor fuel consumers, reductions in fuel prices are anticipated to take effect starting tomorrow and persist for the next 24 hours....
https://knews.kathimerini.com.cy/en/news/the-israel-war-s-impact-on-economy-and-energy-prices
Economists have been examining the inevitable economic consequences of the war in Israel, particularly its influence on fuel and electricity costs....
https://knews.kathimerini.com.cy/en/news/fuel-prices-set-to-surge-amid-israel-conflict
In an exclusive interview with SPOR FM and the show DIASPORA NEWS, Minister of Energy George Papanastasiou predicted a looming surge in fuel prices in the coming days, attributing it to the ongoing conflict in Israel. ...
https://knews.kathimerini.com.cy/en/news/do-consumers-embrace-e-kalathi-shopping
The Consumer Protection Department, in partnership with research firm IMR, recently conducted a telephone survey aimed at gauging general consumer sentiments and assessing awareness of the e-kalathi initiative....
https://knews.kathimerini.com.cy/en/news/targeted-fuel-and-heating-reductions-in-government-s-considerations
The Cyprus Electricity Authority has announced a 3% increase in electricity prices for upcoming bills. ...
https://knews.kathimerini.com.cy/en/business/ecb-vp-says-interest-rate-cuts-premature
In an interview with CNA, Louis de Guindos, Vice President of the European Central Bank, expressed that discussions regarding interest rate cuts are premature....
https://knews.kathimerini.com.cy/en/news/former-president-s-startling-revelation-about-food
In April 2022, former Russian President Dmitry Medvedev, now deputy head of Russia’s Security Council, said on his Telegram channel: “Our food is our silent weapon. Silent — but formidable."...
https://knews.kathimerini.com.cy/en/news/singapore-drivers-hit-with-£88-000-bill-just-to-own-a-car
Drivers in Singapore now need to pay £88,000 for the right to own a car - and that doesn't include the cost of the vehicle itself....
https://knews.kathimerini.com.cy/en/news/€370k-worth-of-olive-oil-vanishes-police-investigate
Approximately 37 tons of olive oil have been reported stolen from a prominent agricultural cooperative in Polygyros, a picturesque town nestled in the scenic region of Halkidiki, northern Greece.
...
https://knews.kathimerini.com.cy/en/news/house-prices-hold-ground-with-annual-gains
House prices were up on an annual basis in the second quarter of this year but remained more or less stable on a quarterly basis, a preliminary estimate released by the Cyprus Statistical Service on Tuesday shows....
https://knews.kathimerini.com.cy/en/news/finance-ministry-s-new-measures-for-vulnerable-in-the-works
The Finance Ministry is considering new measures to support particularly the vulnerable groups of society amid the continuing pressures from high prices and inflation, Makis Keravnos Minister of Finance said on Monday, adding the measures were in the pipeline irrespective of the rating upgrades by Moody’s and DBRS Morningstar....
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-boom-in-greece-and-cyprus
The real estate landscapes of Greece and Cyprus are undergoing significant transformations, with both nations showcasing promising growth and recovery. However, beneath the surface of these top-line numbers, there are underlying challenges and disparities that need to be addressed....
https://knews.kathimerini.com.cy/en/news/unexpected-earnings-dip-in-2022-at-€2-202
In a surprising turn of events, Cyprus witnessed its first annual drop in monthly earnings after seven prosperous years....
https://knews.kathimerini.com.cy/en/business/moody-s-double-upgrade-ignites-investor-interest
Last Friday, Moody's delivered a double upgrade for Cyprus, propelling the nation into the investment-grade category recognized by all four major financial firms. Although these rankings may appear modest, their real-world impact is substantial....
https://knews.kathimerini.com.cy/en/news/electricity-prices-surge-by-3-in-latest-billing-cycle
In a recent development, electricity prices have witnessed a notable uptick, surging by 3% when compared to the preceding month. Christina Papadopoulou, the spokesperson for EAC (the electricity authority), elucidated that a significant portion of this increase, amounting to 1.20%, is earmarked for third-party entities rather than being allocated to AHK....
https://knews.kathimerini.com.cy/en/news/violent-clashes-between-tenants-and-property-owners-as-rents-spike-700
A craftsman in Turkey, who has been diligently paying rent for two decades, now finds himself threatened with eviction due to an unexpected rent increase of nearly 700%. His monthly rent has surged from 3,200 Turkish lira (110 euros) to a staggering 25,000 lira (867 euros)....
https://knews.kathimerini.com.cy/en/news/e-kalathi-takes-on-soaring-fuel-and-food-prices
The ongoing debate within the House Commerce Committee regarding the Retail Price Recording and Monitoring Bill has become both tiresome and contentious....
https://knews.kathimerini.com.cy/en/news/cablenet-and-cosmote-tv-kick-off-exclusive-cyprus-football-league-broadcast
Cablenet and COSMOTE TV have announced their collaboration to exclusively broadcast the top matches of the Cyprus Football League in Greece....
https://knews.kathimerini.com.cy/en/news/california-boosts-minimum-wage-for-fast-food-workers-to-$20-per-hour
California is raising the minimum wage for fast food workers, marking a hard-won victory for those workers and union organizers....
https://knews.kathimerini.com.cy/en/news/electricity-bills-to-surge-by-4-56-due-to-soaring-fuel-costs
Households are set to face another financial hit as electricity bills are expected to increase by 4.56%, coinciding with a continued upward trend in energy costs....
https://knews.kathimerini.com.cy/en/news/foreign-buyers-flock-to-cyprus-real-estate
Recent data on property sales in Cyprus reveal distinct trends in different provinces. Notably, the real estate landscape in Nicosia contrasts sharply with that of coastal provinces....
https://knews.kathimerini.com.cy/en/business/2-houses-and-agricultural-plots-for-sale-by-astrobank
AstroBank is selling houses and agricultural plots at affordable prices in Paphos, Famagusta, Larnaca and Nicosia....
https://knews.kathimerini.com.cy/en/news/european-parliament-clears-the-air-on-carry-on-baggage-fees
From now on, traveling by plane will be a different process for millions of passengers in Europe who wish to travel with carry-on baggage....
https://knews.kathimerini.com.cy/en/business/apartments-rule-but-prices-vary-by-province
According to Mr. Loizou of Ask Wire, the majority of Cyprus' population resides in apartments. Therefore, it comes as no surprise that among young buyers, typically around 30 years old, the most sought-after housing option is an apartment, particularly a two-bedroom one, whether for purchase or rent. However, the question arises: How do housing prices vary across different provinces?...
https://knews.kathimerini.com.cy/en/business/cbc-lowers-gdp-growth-projections-for-2023-and-2024
The Central Bank of Cyprus has revised its growth projections for 2023 and 2024. They now expect GDP growth to be 2.4% in 2023 and 2.7% in 2024, down from their previous forecasts of 2.6% and 2.8%. This is due to Western sanctions against Russia and the fragile external environment affecting professional and non-tourism services....
