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61. Police seize close to 100K bangers ahead of Easter

Three local men were arrested on Sunday in Paphos after they were caught in the act of possessing and transporting illegal fireworks, as police try to disrupt the supply chain ahead of Greek Easter holidays...

62. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

63. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

64. Fruits and vegetables being rationed in Britain

Supermarkets across the country have begun rationing fresh food items in a move that is expected to last “weeks”....

65. Secrets of the A380: What passengers never see

66. Washington stops short of tongue-lashing Nicosia

Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island...

67. Turkey wants to become a natural gas 'supermarket'

Turkey will hold a natural gas summit on February 14-15 to bring together gas supplier countries and Europe’s consumer countries in Istanbul, Turkish Energy Minister Fatih Donmez said on Monday....

68. Ukraine: Resignations abound amid corruption allegations

Ukraine's leadership appears to be in disarray, with corruption allegations, resignations of close associates of President Volodymyr Zelensky, and the president himself undergoing a wide-ranging reshuffle of his government staff....

69. Cyprus talks up imminent Chevron announcement

Cypriot Energy Minister Natasa Pilides is waging a battle to ensure Chevron’s reluctant development concept for Aphrodite will stick to plan, but cost-cutting ideas, merger wars, and maritime issues continue to blur options backed by an administration on its last leg...

70. Directives and recommendations to passengers due to Covid

The Ministry of Health has issued European Union directives and recommendations to passengers and airport and airline staff travelling to EU/EEA countries...

71. Problems surrounding 'contactless transactions' have come to light

Cypriot banks have been asked to address a problem with a specific batch of Mastercard cards....

72. 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....

73. 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....

74. Economic events that will be remembered in 2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

75. EY Cyprus organised the 2nd Annual Corporate Reporting Insights event

EY Cyprus organised the 2nd Annual Corporate Reporting Insights event held on 16 December 2022, at Lemon Park Nicosia, with the participation of senior executives from Cypriot and multinational corporations. The event focused on the major shift underway in recent years, as emphasis moves from financial to corporate reporting. ...

76. Grant Johnson: City of Dreams Mediterranean will be the game changer for Cyprus’ hospitality industry

The multi-themed City of Dreams Mediterranean resort in Limassol, which will include a luxury hotel, casino, entertainment and sports facilities, adventure park, shops and restaurants, among others, will begin operations in the second quarter of 2023. Grant Johnson, the General Manager of COD analyzes what exactly the City of Dreams Mediterranean will be, what it will offer to the tourism product of Cyprus, how it will strengthen the country's economy and its position as a popular tourist destination and at the same time he analyzes how this project will have significant benefits for the local community and its people. ...

77. Cyprus wants to get in on fast-track gas to EU

Cypriot President Nicos Anastasiades is calling on Brussels to help encourage companies to move fast and include the island in plans to supply Europe with natural gas from the eastern Mediterranean...

78. Black Friday: See how the annual shopping event is shaping up (photos)

On Thursday afternoon, sales began to increase significantly, particularly in shopping centers that benefited from favorable weather conditions, however, as of Friday morning, traffic appears to be somewhat subdued, at least in comparison to the corresponding images from 2019....

79. Apple supplier apologizes, offers $1400 payout to quell protests

Apple’s manufacturing partner Foxconn has offered payouts of Rmb10,000 ($1,400) to newly recruited staff who elect to leave the iPhone factory and vowed to honour pay agreements, in an attempt to quell unrest after workers violently clashed with police....

80. Rift over gas cap looms over EU energy crisis plans

EU energy ministers meet in Brussels on Thursday to approve the latest set of emergency measures to mitigate an energy crisis, but the plans risk being eclipsed by disagreements over whether and how to cap gas prices...

81. Europe rushes to stock up on Russian diesel before ban starts

European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited....

82. US-Cyprus army cooperation bill heads to the House

A bill that paves the way for further military cooperation between Cyprus and the Unites States reached the House this week, following months of media hype about the island’s intent to help Ukraine with Russian-made missiles, but the specific agreement explicitly excludes weapons systems...

83. EU leaders burn midnight oil on gas prices

European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early hours of Friday morning to keep examining options to put a ceiling on costs...

84. President: By 2027, Cyprus will be able to export renewable energy

It is estimated that by the end of 2027 Cyprus will have an excess of renewable energy that could be exported or exchanged, in addition to the quantities that could be available from Egypt, Israel, and Greece, President of the Republic, Nicos Anastasiades, said on Friday morning, in his address at the EMGF Energy Transition Conference hosted in Nicosia....

85. Cyprus seen as ‘special window’ to arming Ukraine

Rumors continue to grow regarding Cyprus potentially supplying Russian-made weapons to Ukraine, with The New York Times this week suggesting Nicosia has been actively discussing better replacements from Washington in recent meetings where Kiev also came up as a topic of discussion...

86. Von der Leyen: Temporary cap on gas prices

The European Commission is now moving towards a temporary cap on gas prices and a common supply of energy products, Commission President Ursula von der Leyen said in a speech to the European Parliament on Wednesday morning....

87. Cypriot businesses face serious issues, but still expect to turn a profit

What are the main problems for Cypriot businesses (table) ...

88. Non-PDO halloumi being sold off at deeply discounted prices

Many supermarket chains and stores that sell halloumi are offering deep discounts on singular or bulk sales of the cheese. These are clearly those products that do not fall within the PDO specifications and are not labeled accordingly....

89. Liz Truss to freeze energy bills for households

British Prime Minister Liz Truss plans to freeze household energy bills at their current level for this winter and the next, paid for by government-backed loans to energy suppliers, the BBC reported Tuesday....

90. Apple: Plans to manufacture iPhone 14 in India

Apple plans to start production of the iPhone 14 in India as it looks for alternatives after escalating tensions between Washington and Beijing, and amid lockdowns in China that have affected production, according to Bloomberg News....