Search

1. Imported wine squeezes Cyprus market

According to Kathimerini reporter, Andreas Karamitas, wine marketing in Cyprus boasts an annual turnover of approximately €7 million, a sum primarily fueled by domestic consumption rather than exports, which only account for around €1 million. ...

2. Cyprus ends 2023 with €918.7 million fiscal surplus

Cyprus's financial report card for 2023 is in, and it's showing some positive signs. According to the Statistical Service of Cyprus, the country ended the year with a fiscal surplus of €918.7 million. That's like having extra money left over after paying all the bills....

3. Cyprus faces migration crisis amid infrastructure strain

Cyprus is facing a mounting migration crisis as data obtained by K on Thursday reveals a surge in illegal immigrant arrivals, straining the government's resources and raising concerns about a humanitarian emergency....

4. EU probes Chinese subsidy claims in Romania solar tender

5. Can high-speed trains boost birth rates in South Korea?

In a bold move to combat its plummeting birth rates, South Korea has unveiled a groundbreaking initiative: the Great Train eXpress (GTX)....

6. Cyprus maritime sector advances amidst ambitious goals

''Without a doubt, we take pride in the achievements of the past 60 years. Our ambition is to set even higher targets and strengthen the competitiveness of Cypriot shipping,...

7. Government implements measures to alleviate rising prices

In response to concerns over price hikes, the government has unveiled a set of targeted and broad-ranging measures aimed at alleviating financial strain for citizens. ...

8. Finance Ministry to shield vulnerable homes from price hikes

The forthcoming measures are set to target specific areas, not just spread thinly across the board, in the fight against rising prices....

9. 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....

10. Small farms dominate 85% of EU agricultural aid

Farmers with small farms constitute more than 85% of the beneficiaries of Common Agricultural Policy subsidies in Cyprus, Minister for Maria Panayiotou said in her intervention......

11. Efforts underway to preserve native Cypriot cattle breed

A collaborative effort among Cypriot stakeholders aims to revitalize the dwindling population of the native Cypriot cattle breed, which has faced endangerment since the mechanization of agriculture post-1960....

12. Christodoulides unveils €60M relief package amid rising prices

In an address to the nation, the President of Cyprus unveiled a series of targeted measures aimed at alleviating the economic challenges faced by households and businesses amidst rising prices. ...

13. High demand for electric vehicle subsidies as applications surge

In response to the subsidy schemes for electric vehicles, the Road Transport Department reports significant interest since the application process began on Saturday....

14. Cyprus development expenditure: 2023 surpasses €1B

The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....

15. Department faces 2,000 backlogged refugee applications due to understaffing

In February 2024, the Service for the Care and Rehabilitation of Displaced Persons (YMAPE) revealed a backlog of 2,000 pending applications, citing understaffing issues. ...

16. Farmers rev up tractors in protest against EU agricultural policies

In the third such demonstration within eight months, Cypriot farmers steered their tractors through city streets, protesting against what they perceive as the European Union's misguided policies in the common agricultural policy....

17. Government to receive €1.2B for green transition and resilience plan

Cyprus is set to receive a total of 1.2 billion euros from the Recovery and Resilience Plan (RRP). ...

18. Energy Minister deliberates potential 6% electricity bill increases

The Energy Minister, George Papanastasiou, addressed concerns about potential electricity bill hikes arising from the EAC's request to CERA to recover 6% of its 2024 expenses....

19. Cypriot farmers' protests send ripples across Europe

The surge of farmers' fury has reverberated in a manner unprecedented for Brussels, the nerve center of European decision-making....

20. Farmers protest outside European Parliament over taxes and imports

In a fervent display of frustration, angry farmers ignited fires outside the European Parliament building in Brussels today, venting their grievances against taxes, escalating costs, and the influx of cheap imports....

21. Ministry's bold steps for energy renovation unveiled

The Ministry of Energy, Commerce and Industry proceeds with the preparation of standard procedures for the announcement and implementation of energy renovation projects....

22. 78% of gyms in Cyprus operate illegally, posing risks to consumers

In a startling revelation, the Pan-Cyprian Association of Gym Owners (PASIGY) disclosed in a press conference on Tuesday that a staggering 78% of private gyms in Cyprus are operating without the necessary licenses....

23. Cyprus tax reform targets green initiatives and economic revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

24. Cypriot market braces for impact amidst Suez canal disruptions

In a recent interview with KEBE Secretary General Marios Tsiakkis, concerns were raised about the inevitable impact on product prices in Cyprus due to increased fees for ships carrying containers. ...

25. Farmers rally at Presidential Palace over subsidies

In a dramatic turn of events today, potato and wheat farmers engaged in clashes with the police during their protest outside the Presidential Palace....

26. Electricity bills to drop by 12% starting November 1

In a recent announcement, consumers in Cyprus can expect a 12% reduction in their electricity bills starting November 1. ...

27. Government unveils €77 million housing policy to tackle housing crisis

Interior Minister Konstantinos Ioannou introduced the government's new housing policy. In his opening statement, Mr. Ioannou outlined a comprehensive plan involving multiple levels of actions and measures, which allocates €77 million over a five-year period for the implementation of specific initiatives....

28. Government support package under fire for short-term fixes

The government's package of support measures has been criticized by the Pancyprian Association of Consumers and Quality of Life, which claims these solutions are only temporary and patchwork....

29. Assessing the dual impact of government's support measures

Recent days have witnessed crucial discussions surrounding measures to support households and businesses, a pressing necessity given the prevailing circumstances....

30. How government's new measures will cut power bills

The President of the Republic, Nicos Christodoulides, announced a total of 11 measures with a direct impact, totaling €141 million, along with six Housing Policy measures amounting to €55 million on Thursday (19/10)....