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12° Nicosia,
29 March, 2024
 

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Displaying results 1-30 of 313 matches for query retail.

1. Europe's ambitious plan to reignite economic engines

https://knews.kathimerini.com.cy/en/news/europe-s-ambitious-plan-to-reignite-economic-engines

As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....

2. Cyprus braces for soaring fuel prices

https://knews.kathimerini.com.cy/en/business/cyprus-braces-for-soaring-fuel-prices

Cyprus braces for a significant hike in motor fuel prices by mid-April, with increases of 10 cents per liter expected to impact consumer spending across the island nation, according to a report by Kathimerini's Maria Eraclous....

3. Cyprus ends fuel tax break, prices set to spike from April 1st

https://knews.kathimerini.com.cy/en/news/cyprus-ends-fuel-tax-break-prices-set-to-spike-from-april-1st

Starting April 1st, the reduced consumption tax on fuels (95-octane gasoline and diesel) will come to an end, reverting to 8.3 cents per liter for gasoline and 6.3 cents per liter for heating oil....

4. Luxury brand Hermès sued over Birkin bag sales

https://knews.kathimerini.com.cy/en/business/luxury-brand-hermes-sued-over-birkin-bag-sales

Two California residents have initiated legal action against French luxury design company Hermès, alleging discriminatory sales practices surrounding its highly coveted Birkin handbags....

5. Is self-service security screening the wave of the future?

https://knews.kathimerini.com.cy/en/news/is-self-service-security-screening-the-wave-of-the-future

The Transportation Security Administration (TSA) is set to test a self-service screening system at Harry Reid International Airport, challenging the trend of major retailers scaling back on self-checkout options....

6. Iconic cosmetics brand shuts down US operations

https://knews.kathimerini.com.cy/en/business/iconic-cosmetics-brand-shuts-down-us-operations

The Body Shop, a UK-based cosmetics company known for its natural, sustainable, and cruelty-free products, has officially ceased all operations in the United States and is set to close numerous Canadian stores as part of a bankruptcy filing....

7. Cyprus economic growth soars 2.5% for 2023

https://knews.kathimerini.com.cy/en/news/cyprus-economic-growth-soars-2-5-for-2023

Cyprus' economic growth is estimated at 2.5% in real terms in 2023. At current prices, the Gross Domestic Product (GDP) is estimated to increase by 7.1%, according to the Statistical Service of Cyprus....

8. Cyprus' economic mood sours in February

https://knews.kathimerini.com.cy/en/news/cyprus-economic-mood-sours-in-february

In February 2024, economic sentiment in Cyprus witnessed a decline, with the Economic Sentiment Indicator (ESI-CypERC) dropping by 2.1 points compared to January, according to the University of Cyprus Economics Research Center....

9. Cyprus and Greece forge alliance against potato fraud

https://knews.kathimerini.com.cy/en/news/cyprus-and-greece-forge-alliance-against-potato-fraud

Agriculture Minister Maria Panayiotou has requested the assistance of the Greek authorities to address the issue of potatoes from different countries being sold as Cypriot potatoes......

10. Cyprus emerges as key hub for EMC project with $300 Million Funding

https://knews.kathimerini.com.cy/en/news/cyprus-emerges-as-key-hub-for-emc-project-with-$300-million-funding

The EMC cable aims to connect Europe with Saudi Arabia, with construction slated to begin in the summer of 2024...

11. Cyprus faces €40M setback in smart meter implementation

https://knews.kathimerini.com.cy/en/news/cyprus-faces-€40m-setback-in-smart-meter-implementation

A €40 million allocation from the Recovery and Resilience Fund, earmarked for the purchase and installation of smart meters, is in jeopardy due to tight timetables....

12. Cyprus to roll out 10-second euro transfers across banks

https://knews.kathimerini.com.cy/en/news/cyprus-to-roll-out-10-second-euro-transfers-across-banks

Over the next 18 months, Cyprus is poised to revolutionize money transfers, promising seamless transactions within 10 seconds from bank to bank....

13. Housing costs rise: Apartments jump 11.1% in 2024

https://knews.kathimerini.com.cy/en/news/housing-costs-rise-apartments-jump-11-1-in-2024

House and apartment rents went up 8% and 11.1%, respectively, over the year in the fourth quarter of 2024, according to the Ask Wire Index. At the same period, house and apartment values rose 3% and 8.8% respectively over the year....

14. Cyprus grapples with impending price increases in appliances

https://knews.kathimerini.com.cy/en/news/1-cyprus-grapples-with-impending-price-increases-in-appliances

Another category of products faces potential price hikes, with household appliances such as refrigerators, washing machines, and televisions expected to experience increases in the near future. ...

15. Biden praises job growth, declares US economy 'strongest in the world'

https://knews.kathimerini.com.cy/en/news/biden-praises-job-growth-declares-us-economy-strongest-in-the-world

President Joe Biden lauded the robust jobs report released on Friday, touting it as evidence of the United States possessing the world's strongest economy....

16. Lidl Cyprus ''Top Employer'' in Cyprus also in 2024

https://knews.kathimerini.com.cy/en/business/lidl-cyprus-top-employer-in-cyprus-also-in-2024

Lidl Cyprus is the Top Employer for the 7th consecutive year in Cyprus and Europe, according to the results of the internationally recognized independent organization Top Employer Institute....

17. How the consumer pocket faces a perfect economic storm

https://knews.kathimerini.com.cy/en/news/how-the-consumer-pocket-faces-a-perfect-economic-storm

The uncertainty and the intense upheavals in the global supply chain continue....

18. Antoniou: ''Expect price hikes in consumer goods by month's end''

https://knews.kathimerini.com.cy/en/business/antoniou-expect-price-hikes-in-consumer-goods-by-month-s-end

In a recent interview with Diaspora News, Marios Antoniou, the General Secretary of the Pancyprian Retail Trade Association, delved into the challenges emerging from the Red Sea crisis....

19. Houthi strikes send prices soaring in global trade

https://knews.kathimerini.com.cy/en/news/houthi-strikes-send-prices-soaring-in-global-trade

In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....

20. 79% jump in consumer complaints this year

https://knews.kathimerini.com.cy/en/business/79-jump-in-consumer-complaints-this-year

In a substantial leap from 2022, the Cyprus Consumer Association reports a noteworthy spike in four complaint categories in 2023....

21. Affordable water soon in high-demand spots

https://knews.kathimerini.com.cy/en/news/affordable-water-soon-in-high-demand-spots

Konstantinos Karagiorgis, director of the Consumer Service, is spearheading efforts to establish maximum retail prices in areas lacking sufficient competition....

22. Christmas shopping sees supermarket surge, clothing decline

https://knews.kathimerini.com.cy/en/business/christmas-shopping-sees-supermarket-surge-clothing-decline

Christmas shopping in Cyprus saw contrasting results, with supermarkets experiencing a better turnout compared to the previous year, while clothing and footwear shops faced a decline, except for children's gifts....

23. Lidl Cyprus embraces diversity among its people

https://knews.kathimerini.com.cy/en/news/lidl-cyprus-embraces-diversity-among-its-people

The diversity of Lidl Cyprus’ employees is the main subject of the company's recent campaign. ...

24. Minister upset as staff gaps widen

https://knews.kathimerini.com.cy/en/news/minister-upset-as-staff-gaps-widen

In its 2023 Employment and Social Developments in Europe (ESDE) report, the European Commission identifies major shortages in construction, healthcare, science, technology, and STEM (Science, Technology, Engineering, and Mathematics) occupations, spanning high, medium, and low-skilled roles...

25. Labor Minister responds to industry staff shortages, urges caution in demands

https://knews.kathimerini.com.cy/en/news/labor-minister-responds-to-industry-staff-shortages-urges-caution-in-demands

In response to demands from employer representatives regarding staff shortages in retail, catering, and the hotel industry, Minister of Labour and Social Insurance, Yannis Panagiotou,...

26. Workforce crisis grips Cyprus as 12,000 job vacancies surge

https://knews.kathimerini.com.cy/en/business/workforce-crisis-grips-cyprus-as-12-000-job-vacancies-surge

In the hotel, catering, and retail sectors, an estimated 12 thousand personnel needs have prompted relevant professional associations to jointly appeal to the Ministry of Labour, seeking simplified procedures for hiring staff from third countries....

27. Government seeks €1B via EMNT bond in 2024

https://knews.kathimerini.com.cy/en/news/government-seeks-€1b-via-emnt-bond-in-2024

Cyprus’ financing needs for 2024 amount to €1.3 billion, largely to be covered by the issuance of a €1 billion EMNT bond, the Finance Ministry’s Public Debt Management Office (PDMO) has said. ...

28. Greek retailer Kotsovolos fined €2 million for misleading discounts

https://knews.kathimerini.com.cy/en/business/greek-retailer-kotsovolos-fined-€2-million-for-misleading-discounts

The Minister of Development, Kostas Skrekas, has levied a 2 million euro fine on the company "Dixons South-East Europe Commercial and Industrial Company of Electrical, Information Technology,...

29. Makarios Avenue struggles to fulfill commercial expectations

https://knews.kathimerini.com.cy/en/business/makarios-avenue-struggles-to-fulfill-commercial-expectations

Two years after the official opening of Makarios Avenue (8 December 2021), the commercial success of the street has fallen short of expectations,...

30. Mega investments and unanswered questions

https://knews.kathimerini.com.cy/en/comment/opinion/mega-investments-and-unanswered-questions

In the realm of business expansions and openings, an intriguing anomaly surfaces—the apparent lack of foresight. Take, for instance, multi-million investments requiring a substantial workforce. ...

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