#rising prices

The prices of VAT-free products have increased “more than expected”, the Cyprus Consumers’ Association said on Tuesday. A total of 92% of VAT-free products have seen price increases, with the association ...

The Chamber of Commerce and Industry (Keve) said on Tuesday it agrees with plans to use offshore gas reserves for power generation as soon as possible to drive down electricity ...

Cypriot refugees are forced to live in their cars as they wait for Turkish Cypriot properties to become available amid rent price hikes in the Republic, MPs heard on Tuesday. ...

The use of natural gas will help provide the island with cheaper electricity, Energy Minister George Papanastasiou said on Friday outlining the new government’s proposed energy strategy. Speaking on ...

Trade unions will hold a joint meeting on Thursday to decide their collective stance on the government’s compromise proposal regarding the cost of living allowance, not ruling out possible ...

The cabinet on Tuesday approved zero VAT on certain consumer goods, in a stated bid to provide some relief amid current inflationary pressures. The zero VAT will apply to bread, ...

Workers in Cyprus are struggling as increasing prices are eating away at wages, Peo union general secretary Sotiroulla Charalambous said on Wednesday. During a visit to Hermes airport, she highlighted ...

The Cyprus petrol station owners’ association in Nicosia filed a complaint to the competition authority (CPC) on Tuesday for fair play violations on the part of major petrol importers. According ...

Peo union on Monday voiced concern over price manipulation and profiteering at the expense of the public over the Easter holidays. Households experience intensified pressure during this period, Peo said, ...

No irregularities that would justify the intervention of the state have been found regarding the price of gas cylinders, director of the consumer protection service Constantinos Karageorgis said on Monday. ...

Lawmakers said on Tuesday that legislation introducing a ‘household basket’ – a weekly list of lower-priced staple goods – would be delayed to next year as stakeholders hammer out the details of ...

A five per cent increase in the price of halloumi was recorded in the past month according to the latest price observatory released on Friday, which showed significant price hikes ...

Farmers on Tuesday warned that they are on the verge of being “wiped out” due to untenable production costs, appealing to the state for immediate assistance. The matter came up ...

Over 250 students at Limassol’s state university of technology (Tepak) will receive up to €2,500 each to help cover rent this academic year, the university announced on Tuesday. Saying that housing ...

Petrol station owners have threatened to up the stakes in the ongoing fuel row with the north as their legal team on Tuesday said they will report the Republic to ...

Parliament on Thursday voted through a legislative proposal that empowers the government to order a price cap on petroleum products, and also passed bills cutting to zero the VAT charged ...

Main opposition party Akel said on Tuesday a bill allowing for a cap on the price of fuel products would head to the House plenum later this week. The decision ...

Calling for a meeting with the president, potato farmers on Tuesday said they will no longer be able to carry on planting their crop because of the continued increases in ...

A meeting at the presidential palace on Friday will examine ways of tackling high electricity prices, which have a knock-on effect on a host of consumer goods. Convened by President ...

Given that consumer prices will continue to rise over the coming months with increases in incomes falling far behind, even lower middle-income households are likely to experience financial problems With ...

Parliamentarians on Tuesday discussed a legislative proposal to cap fuel prices, a drastic move as petrol at the pump continued rising and are fast approaching €2 a litre. The bill, tabled ...

The government is evaluating which targeted measures it could employ to alleviate the pressure faced by the most vulnerable sections of society amid rising prices, government spokesman Marios Pelekanos said ...

The Greens have proposed free bus travel for all as way of dealing with the rising cost of fuel and persuading people to use public transport. Instead of reducing the ...

Another round of price rises on car fuel hit the market on Friday with the average price for unleaded 95 now at €1.81 per litre, with those in the industry warning of ...