https://knews.kathimerini.com.cy/en/news/consumer-confidence-in-the-economy-deteriorates-in-june
The economic sentiment in Cyprus deteriorated in July, pushed downwards by weaker business confidence in services, industry and retail trade....
https://knews.kathimerini.com.cy/en/news/petroleum-product-sales-up-by-34-oil-reserves-down-by-17-1
Total sales of petroleum products increased by 34% on an annual basis in May 2022, while total petroleum reserves decreased by 17.1% (18,020 tons) at the end of May 2022, compared to the end of May 2021....
https://knews.kathimerini.com.cy/en/news/concerns-over-increasing-drugs-trafficked-through-occupied-side
Cyprus Drug Law Enforcement Unit (DLEU) on Thursday expressed concerns that drug dealers may be using Turkey to transport illegal substances to the occupied areas and then to the Cyprus Republic. This comes after drug traffickers needed to find other distribution channels following the start of the war in Ukraine....
https://knews.kathimerini.com.cy/en/business/can-something-really-come-from-nothing
A consumer electronics start-up called Nothing has secured financing of more than $200mn to launch its debut smartphone, in the first attempt for several years by a newcomer to crack a market dominated by Apple and Samsung....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/20-years-of-the-cayenne-the-‘third-porsche-–-an-extraordinary-success-story
Ferry Porsche predicted it back in 1989: “If we build an off-road model according to our standards of quality, and it has a Porsche crest on the front, people will buy it.” He would go on to be proved right. ...
https://knews.kathimerini.com.cy/en/news/forestry-warns-public-of-near-gale-winds
The forestry department warned members of the public on Tuesday, the longest day of summer, to avoid activities that involve fire in the afternoon, fearing near gale winds that could make the work of fire fighters very difficult...
https://knews.kathimerini.com.cy/en/life/here-s-why-volkswagen-beetles-now-cost-$600-000
German outfit Milivié Design is offering restored and modernized versions of the original VW Bug for $600,000, but there's a reason for the hefty price tag....
https://knews.kathimerini.com.cy/en/business/construction-materials-up-by-21-81-in-may-2022
The Price Index of Construction Materials went up by 21.81% in May 2022 compared to the corresponding month of 2021, and continued the upward trend that follows since January 2021....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-drives-sustainable-digital-innovation-in-financial-services-with-kyndryl
Kyndryl, the world's largest IT infrastructure services provider and Bank of Cyprus, the leading banking and financial services group in Cyprus, announced an agreement to expand their collaboration with a new five-year managed IT services program that advances the Bank’s ESG commitments through 2030, by supporting the Bank’s levels of service, giving access and visibility to its products to all stakeholders....
https://knews.kathimerini.com.cy/en/news/cyprus-plays-supporting-role-in-lng-arena
After years of trying to locate and extract natural gas from its EEZ, Cyprus' prospects continue to stagnate due to the current geopolitical conditions, the Cyprus issue, and the fact that the research, although promising, has not yet yielded the large quantities that were found in the EEZ of Egypt and Israel....
https://knews.kathimerini.com.cy/en/business/batterygate-millions-of-iphone-users-could-receive-compensation
Millions of iPhone users could be eligible for payouts, following the launch of a legal claim accusing Apple of secretly slowing the performance of older phones.
...
https://knews.kathimerini.com.cy/en/business/the-end-of-an-era-as-revlon-files-for-bankruptcy
The US cosmetics group Revlon has filed for bankruptcy protection after battling supply chain problems and failing to compete with celebrity-backed and social media-savvy upstarts....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-the-dilemmas-of-war-and-pandemic
Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely.
...
https://knews.kathimerini.com.cy/en/news/hezbollah-issues-warning-as-greek-company-goes-deep
Tensions are rising in the eastern Mediterranean as a dispute previously thought to have been resolved between Israel and Lebanon was back on the agenda when a statement from Greek company Energean touched a nerve with Hezbollah...
https://knews.kathimerini.com.cy/en/business/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. ...
https://knews.kathimerini.com.cy/en/news/russia-will-free-up-ukrainian-ports-to-allow-grain-exports
Russia and Turkey on Wednesday voiced support for the creation of a safe maritime corridor in the Black Sea so Ukraine can export grain to global markets amid an escalating world food crisis....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-why-are-we-all-working-so-hard
The idea that technology can liberate us from the drudgery of work is a powerful one. It has also been a powerful disappointment, at least so far....
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-strengthens-the-cyprus-red-cross-for-the-9th-consecutive-year
The amount of €45,500 was raised with the contribution of its customers, from the sales of Favorina products....
https://knews.kathimerini.com.cy/en/business/cablenet-and-plume-fast-tracking-the-intelligent-home-evolution-in-cyprus
Cablenet, a leading Telecommunications provider in Cyprus, today announced the start of a new era in intelligent home services. ...
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-talk-of-doing-good-rings-hollow-among-global-elite-in-davos
If the rich don’t give a bit more today, they may have to give a lot more tomorrow. That was my conclusion from last week’s World Economic Forum in Davos....
https://knews.kathimerini.com.cy/en/news/europe-agrees-to-ban-90-of-russian-oil
European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support....
https://knews.kathimerini.com.cy/en/news/monkeypox-no-need-to-panic-says-director-of-pharmaceutical-services
Acting Director of the Pharmaceutical Services of the Ministry of Health, Helena Panayiotopoulou, has said that there is supportive treatment in the event of a monkeypox outbreak in Cyprus, noting that there is no need for panic....
https://knews.kathimerini.com.cy/en/news/glamping-is-on-the-rise-and-hostels-are-coming-soon
In January 2020, Airbnb's were officially allowed to operate in Cyprus, giving tourists an alternate mode of accommodation on the island in addition to hotels and hotel apartments....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/nipd-genetics-announces-the-haemophilia-and-thrombosis-panel-to-be-offered-as-a-stand-alone-panel
As part of the commitment to continuous improvement of products and services, NIPD Genetics announces today that the Rodinia Haemophilia and Thrombosis Add-on Panel can now be selected as a Stand-alone Panel. ...
