https://knews.kathimerini.com.cy/en/business/lidl-continues-to-expand-its-stationary-trade-and-now-operates-more-than-12-000-stores-internationally
Lidl continues to expand its operation in Cyprus and is opening a new store in Limassol on Thursday, July 28. ...
https://knews.kathimerini.com.cy/en/news/oil-and-gasoline-sales-decreased-in-june
A total decrease of 6.8% was recorded in the sale of petroleum products in June, falling to 55,061 tons. Total sales of gasoline for June were down 5.9 percent, while diesel sales were down 10.4 percent, according to statistics released by the National Bureau of Statistics on Wednesday....
https://knews.kathimerini.com.cy/en/news/germany-dims-lights-as-it-leads-europe-in-saving-energy
Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most of the fountains are not operating....
https://knews.kathimerini.com.cy/en/business/top-position-in-luxury-car-sales-for-porsche-and-a-i-motokinisi-ltd-in-cyprus
Porsche Cyprus in a leading position in terms of sales in the first half of 2022...
https://knews.kathimerini.com.cy/en/news/us-house-passes-bill-restricting-f-16-sales-to-turkey
The US House has approved an amendment for blocking F-16 sales to Turkey....
https://knews.kathimerini.com.cy/en/news/feta-can-only-be-greek
Greece has scored a win in its long fight to protect its right to the term “feta” after Europe’s top court reprimanded Denmark for not blocking local companies from using the name for sales outside the European Union....
https://knews.kathimerini.com.cy/en/news/menendez-turkey-unwilling-to-resolve-issues-before-f-16-purchase
US Senate Foreign Relations Committee chairman, Robert Menendez, has raised a number of issues that need to be addressed in order for Turkey to purchase F-16 aircraft from the US....
https://knews.kathimerini.com.cy/en/news/us-congress-members-opposed-to-f-16-sale-to-turkey
Greek-American Representatives Nicole Malliotakis from New York and Gus Bilirakis from Florida have said they remain opposed to sales of US F-16 fighter jets to Turkey....
https://knews.kathimerini.com.cy/en/news/retail-trade-in-the-grip-of-inflation
The market is under intense pressure due to the inflationary trends of recent months with consumers appearing hesitant on their trips to retail stores. More shoppers are looking for special offers and refraining from impulsive buys....
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/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/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/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/news/ferrari-to-launch-its-first-electric-only-car-in-2025
Ferrari is aiming for two of every five cars it sells to be fully electric by 2030, as the luxury brand tries to marry the need to reduce emissions with a reputation built on the prowess of its traditional engines....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-valuable-ally-you-said
I have been trying for a long time to understand exactly what various Western officials mean when they monotonously repeat that “Turkey is a valuable ally.” Turkey is obviously a large, strategically important country at a critical geopolitical crossroads. No great power can ignore it....
https://knews.kathimerini.com.cy/en/news/us-fed-raises-interest-rates-by-75-largest-hike-in-30-years
The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....
https://knews.kathimerini.com.cy/en/news/no-end-in-sight-to-weekly-price-hikes-in-fuel
Increases in fuel prices are taking place almost on a weekly basis, according to gas station owners. ...
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/fee-free-cash-withdrawals-at-supermarkets-and-bakeries
Following an international trend, consumers in Cyprus will now be able to withdraw cash without a fee at participating supermarkets, bakeries, butchers and gas stations. The maximum withdrawal limit is set at 100 euros....
https://knews.kathimerini.com.cy/en/news/slight-rise-in-economic-sentiment-in-may
Economic sentiment in Cyprus improved slightly this May as the Economic Sentiment Indicator (ESI-CypERC) increased by 1.1 points compared with April 2022, according to the results of the Business and Consumer Survey of the Economics Research Center of the University of Cyprus....
https://knews.kathimerini.com.cy/en/news/op-ed-america-has-more-guns-than-any-other-country
America has been shaken — once again — by mass shootings. On May 14, a gunman killed 10 people in a supermarket in Buffalo. On Tuesday, at least 19 children and two adults were killed in Uvalde, Texas. ...
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-posts-net-profit-of-€21-million-in-q1-and-a-record-of-new-loans
Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....
https://knews.kathimerini.com.cy/en/news/appliance-company-fined-€30-000-for-misleading-consumers
Alpan Electroline Ltd. has been fined €30,000 by the Cyprus Consumer Protection Service for misleading sales practices....
https://knews.kathimerini.com.cy/en/news/cyprus-rcb-bank-and-its-kremlin-ties
On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....
https://knews.kathimerini.com.cy/en/news/more-than-100-private-jets-owned-by-russian-oligarchs-are-stuck-in-dubai
Private jets belonging to Russian oligarchs that flew to Dubai to seek refuge from sanctions, following Russia's invasion of Ukraine are effectively stuck there, The Wall Street Journal reported....
https://knews.kathimerini.com.cy/en/business/consumers-to-buy-directly-from-automaker-not-from-dealer
Mercedes-Benz has reached an agreement with its European dealers to switch to a new dealership model, in which customers will buy directly from the automaker and not from the dealer, the German brand said....
https://knews.kathimerini.com.cy/en/business/property-sales-hit-14-year-high
Property sales in March, as measured by the number of sale contracts deposited at Land Registry offices, hit a 14-year high according to figures released by the Department of Lands and Surveys....
https://knews.kathimerini.com.cy/en/business/overcoming-talent-crunch-and-supply-chain-upheaval-among-biggest-success-indicators-for-tech-in-2022
Increased volatility rising out of the evolving COVID-19 pandemic has led to a reshuffling of priorities for the global technology industry....
https://knews.kathimerini.com.cy/en/life/8-feel-good-stories-from-the-conflict-in-ukraine-that-will-inspire-and-give-you-hope-in-humanity
From charities and governments to celebrities and everyday people, millions are pitching in to ease the burden for fleeing or sheltering Ukrainians. In turn, they’re inspiring the world with their generosity and strength....
