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1021. Price of eggs in Cyprus up by 23%

According to data released by Eurostat, food prices have significantly risen in 2022....

1022. Week starts off with strong winds and heavy rain

A severe weather alert has been issued for Monday in Cyprus where isolated thunderstorms and possible hailstorms are expected along with daytime strong winds...

1023. Saudi Arabia and Iran to re-establish diplomatic ties

Saudi Arabia and Iran reached an agreement that paves the way for the re-establishment of diplomatic ties after a seven-year split, a major realignment between regional rivals, the countries said Friday in a joint statement....

1024. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

1025. Cyprus GDP and employment up according to Eurostat

Both GDP and employment increased during the 4th quarter of 2022 compared to the previous quarter in Cyprus, while in the eurozone GDP remained stable and employment increased and in the EU GDP fell and employment increased, according to estimates released by Eurostat, the statistical service of the EU....

1026. Consumers cutting back on non-essential items as cost of living rises

As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...

1027. Tourists are spending 13% more in Cyprus

If there is one thing that has changed in the past year's data on the tourism industry, it is the realization that, even though there are fewer visitors coming in than in 2019,...

1028. 'Energy prices in Cyprus must decrease,' says Minister

"We want consumers to be able to open their electricity bills without fear," said newly appointed Energy Minister George Papanastasiou....

1029. Bad luck can't always be held responsible

“It was an unfortunate moment,” the stationmaster in the deadly train crash is said to have claimed. How many times has the inadequacy and failure of the broader Greek state mechanism been hidden behind such phrases? Sometimes it is blamed on “bad luck,” at others, it is dismissed with “That’s Greece.”...

1030. Toblerone forced to change logo due to its un-'Swissness'

The most famous mountain in Switzerland is no longer appropriate for Toblerone to use on its packaging. Due to its decision to relocate a portion of its production to the Slovakian capital, Bratislava, this year, US company Mondelez, ...

1031. Cyprus GDP up by 5.6%, higher than EU or Eurozone estimates

Cyprus’ gross domestic product (GDP) grew by 5.6% in real terms in 2022, according to a provisional estimate published by the country’s statistical service CyStat on Wednesday....

1032. Reduction of electricity costs a priority, says new Energy Minister

One of the first priorities of the new administration will be to reduce the cost of electricity, in order to help the industry and the economy reach the potential “they deserve”, new Minister of Energy, Commerce and Industry Giorgos Papanastasiou said on Wednesday....

1033. 'Mismanagement, corruption and nepotism will not be tolerated'

Mismanagement, corruption, and nepotism will not be tolerated, and for the people who will be at the center of his administration, these were the two main issues that President of the Republic, Nikos Christodoulides addressed in his speech on Wednesday during the swearing-in ceremony of the new members of his government....

1034. Government surplus of €609.5 million for 2022

General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022, compared to a deficit of €402.8 mn or 1.7% of GDP, that was recorded during the period of January-December 2021....

1035. The who's who of the Christodoulides government

On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....

1036. COVID origin debate back in the news

A new classified report in the United States says COVID-19 was probably the result of a laboratory leak, fueling further debate on the origins of the pandemic as a House subcommittee prepares to tackle the issue that has divided the world politically and scientifically...

1037. Get ready to see lots of kites today this Green Monday

In the Greek Orthodox Church, Kathara Deftera (Clean Monday) is the first day of Great Lent....

1038. Turkey pushes on rebuilding as death toll nears 50,000

Turkey has stepped up plans to house victims of the devastating earthquake which struck its border region with Syria, the interior minister said, as the combined death toll in the two countries crept toward 50,000....

1039. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

1040. Electricity subsidies extended for another two months

The Council of Ministers, which convened on Wednesday for the last time under outgoing President of the Republic Nicos Anastasiades, approved the extension of a subsidy for the cost of electricity consumption as well as reduced excise for specific products....

1041. Rain expected in some parts of Cyprus

Today, periods of sunshine will alternate with periods of increasing cloudiness, which may result in isolated light rain in the mountains or inland areas in the afternoon and midday. Winds will be mainly variable, light, and 3 Beaufort in the morning, ...

1042. Fruits and vegetables being rationed in Britain

Supermarkets across the country have begun rationing fresh food items in a move that is expected to last “weeks”....

1043. Partly cloudy with a chance of isolated showers

Today's weather will be mostly clear, but there will be some clouds in the west and along the northern coast. Clouds will gradually thicken by midday, resulting in isolated showers, primarily in the highlands and south of Troodos,...

1044. Building materials at their highest since 1986

The Price Index of Construction Materials for January 2023 reached 136.01 units (base year 2015=100), recording an increase of 12.25% compared to the same month of the previous year, according to data published by the Statistical Service on Friday....

1045. Lidl Cyprus proceeds with raises and benefits amounting up to €900,000 for its 700 employees

It proves in practice, once again, its dedication and continuous investment in its people....

1046. Plans to upgrade hotels in the mountains and countryside are underway

1047. Frozen fish and flour marked a substantial price increase

Frozen fish and flour recorded a high price increase, according to data published on Wednesday by the Consumer Protection Service of the Ministry of Energy, Commerce and Industry....

1048. Raquel Welch's visit to Cyprus and her meeting with Makarios

Well-known actress, Raquel Welch, died yesterday, February 15th, at the age of 82, following a brief illness. Welch first came to public attention with her appearances in "Fantastic Voyage" and "One Million Years B.C." in 1966....

1049. Government strengthens its stance against gender based violence

Cyprus is taking another step towards strengthening the framework for effective prevention and battling of violence against women, with the approval by the Cabinet of two important proposals....

1050. Isolated showers and snow in parts of Cyprus

Today's weather will be mostly clear, with some clouds in the west and along the northern coast, but clouds will gradually increase, especially in the mountains and in the western and southern Troodos, where isolated light showers may occur....