https://knews.kathimerini.com.cy/en/news/petrol-sales-down-by-7-5-in-december-2022
Sales at petrol stations in December 2022 were down by 7.5% compared to December 2021, according to data released on Friday by the Cyprus Statistical Service....
https://knews.kathimerini.com.cy/en/comment/opinion/us-government-moving-ahead-with-intention-to-sell-f-16-s-to-turkey
The Biden administration is moving ahead with its intention to supply Turkey with 40 new F-16 fighter jets and upgrade 80 of the country’s older ones....
https://knews.kathimerini.com.cy/en/business/limassol-could-still-have-another-8-000-apartments
As the demand for real estate in city centers has increased in recent years, Ask Wire's research identifies many parcels of land in the central areas of Cypriot cities that are either underutilized or only partially utilized. ...
https://knews.kathimerini.com.cy/en/news/menendez-won-t-let-it-rest
Any decision by the United States to go ahead with the sale of F-16 fighter jets and upgrade kits to Turkey would be 'baffling' given the 'belligerent' stance of Turkish President Recep Tayyip Erdogan towards NATO ally Greece, said Senator Bob Menendez, chair of the Senate’s Foreign Relations Committee, reiterating that he will not approve the sale...
https://knews.kathimerini.com.cy/en/business/no-more-fridays-4-day-work-week-on-the-rise
The results are in: It's time for your company to stop working on Fridays (or Mondays)....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-vulnerabilities-remain-despite-progress-says-ssm
Cypriot banks have made progress, according to a report by the Single Supervisory Mechanism (SSM), but there are still many issues. ...
https://knews.kathimerini.com.cy/en/business/prostitutes-gather-in-davos-for-annual-meeting-of-global-elite
The global elite tackling the world's problems at the Davos summit including gender inequality is fuelling a surge in prostitution in the Swiss resort....
https://knews.kathimerini.com.cy/en/life/kiabi-pursuing-international-development-with-the-opening-of-a-second-store-in-cyprus
Present in 24 countries with a network of 538 physical stores, KIABI is challenging the fashion world’s leaders in Europe, the Middle East, Africa and South America. Engaged in an international growth dynamic, the French favourite continues to roll out its concept intended for all families as it opens its second shop in Cyprus in 2023. ...
https://knews.kathimerini.com.cy/en/news/cavusoglu-to-the-us-the-stability-in-cyprus-is-eroding
The balance in Cyprus and in Greek-Turkish relations has begun to unravel, according to Turkish Foreign Minister Mevlut Cavusoglu, who stated that it makes no difference to whom weapons are sold....
https://knews.kathimerini.com.cy/en/business/nearly-€6-billion-in-real-estate-transactions-in-2022
The value of real estate sold during 2022 is approaching €6 billion, according to the comparative real estate sales of the Department of Lands and Surveys as processed and presented in the quarterly "Real Estate Market Bulletin" of Cyprus Real Estate Registration Council....
https://knews.kathimerini.com.cy/en/business/tesla-drastically-lowers-ev-pricing-in-the-us-and-europe
After steadily increasing prices over the past couple of years, Tesla has cut them drastically across its lineup in the US and Europe, in an apparent bid to boost sales. ...
https://knews.kathimerini.com.cy/en/news/cyprus-features-prominently-in-us-congress-turkey-report
The possible sale of F-16s to Turkey and tensions between Turkey and Cyprus and Greece are included in a US Congressional Research Service report on Turkey released on January 9, which outlines Biden administration support of the sale and opposition by 'some members of Congress'...
https://knews.kathimerini.com.cy/en/business/fund-are-investing-in-cypriot-banks
Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...
https://knews.kathimerini.com.cy/en/business/exports-of-halloumi-at 1-34-billion-over-the-last-5-years
Halloumi exports have increased in recent years and are expected to peak in 2022. Data for the first nine months of 2022, i.e. up to September, show exports worth €227 million and an export volume of 32,000 tonnes. ...
https://knews.kathimerini.com.cy/en/business/dispute-resolution-services-a-more-cost-effective-way-to-resolve-issues
Going to court to resolve a dispute between a consumer and a business is not always necessary. There are alternatives that are less time-consuming and less expensive than legal action and can provide very effective solutions. ...
https://knews.kathimerini.com.cy/en/news/supermarkets-bet-on-their-own-private-labeled-products
Consumers are turning to private label and exclusive import products to combat inflationary pressures on consumer goods in supermarkets....
https://knews.kathimerini.com.cy/en/news/cypriot-fund-keeps-lukoil-s-sanctioned-plant-running
A Lukoil refinery in Italy might survive sanctions against Russia if it falls in the hands of a Cypriot private equity fund, with the company saying the sale could take place by March of this year after turning down a US offer two months ago...
https://knews.kathimerini.com.cy/en/business/rolls-royce-cruises-to-record-sales-thanks-to-ongoing-luxury-demand
Rolls-Royce on Monday reported record sales last year despite an average price tag of around $534,000 for its luxury cars and a drop in Chinese demand, with orders stretching into 2023....
https://knews.kathimerini.com.cy/en/business/amazon-to-layoff-18-000-employees
Amazon.com Inc's layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday....
https://knews.kathimerini.com.cy/en/comment/opinion/looking-ahead-to-2023-house-prices-in-cyprus
The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....
https://knews.kathimerini.com.cy/en/business/the-plan-to-bring-in-more-german-tourists
In a trip organized by the FTI Group and Meeting Point, German travel agents recently visited the island and discovered increased demand for Cyprus....
https://knews.kathimerini.com.cy/en/business/the-landscape-of-bank-equity-is-changing-in-cyprus
A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....
https://knews.kathimerini.com.cy/en/business/what-consumers-should-lookout-for as-january-sales begin
The Ministry of Commerce is intensifying its market checks due to the January sales, especially in clothing and footwear stores. At the same time, consumers are urged to be informed of their rights and to be particularly careful about cases of misleading advertisements....
https://knews.kathimerini.com.cy/en/news/when-will-cypriots-begin-to-reap-the-benefits-of-natural-gas
Minister of Energy, Trade, and Industry Natasha Pileidou hailed the discovery of a natural gas deposit in Block 6 of the Cypriot EEZ as a very positive development. Given the energy challenges the European Union is facing,...
https://knews.kathimerini.com.cy/en/news/stolen-8th-century-bc-jug-returned-to-cyprus
A Cypriot jug from the 8th century BC that was offered for sale on the Dutch art market, and which appeared to have been smuggled out of Cyprus shortly after the Turkish invasion of the island in July 1974, was recently returned to the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/lack-of-discounts-for-the-holiday-table
This year's Christmas table is expected to be laden with delectable fare. This is a tool that supermarkets have enlisted in order to retain customers and possibly increase sales, even in times of inflation....
https://knews.kathimerini.com.cy/en/news/€651-4-million-of-government-surplus-recorded-until-september-2022
Cyprus' general government surplus rose to 651.4 million for the period of July-September 2022 compared with a surplus of €319.5 mn recorded in the respective period of last year, according to preliminary general government fiscal results....
https://knews.kathimerini.com.cy/en/news/amsterdam-launches-stay-away-campaign-to-discourage-types-of-tourism
Authorities in the Netherlands have decided to introduce in Amsterdam a new campaign called “Stay Away”, in order to discourage specific kinds of tourism....
https://knews.kathimerini.com.cy/en/business/cyprus-airways-flights-up-406-in-november-compared-to-last-year
Cyprus Airways announced today that a 406% increase was recorded in flights last November, compared to the corresponding month in 2021....
https://knews.kathimerini.com.cy/en/business/what-did-cypriot-consumers-purchase-in-2022
Cashless transactions have significantly increased since businesses are now required to accept credit or debit cards. Card payments now account for approximately 72% of all commercial transactions, rather than cash. ...
