price hikes

Glass half empty?

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Glass half empty?

Climate change is impacting the Canadian wine industry, with recent events like a cold snap in the Okanagan Valley causing significant damage to grapevines. The industry must adapt to changing environmental conditions by embracing new production methods, technologies, and sustainable farming practices. Policymakers should support the transition to a more sustainable future for the wine industry. Additionally, changing consumer trends, such as a decrease in wine consumption and a preference for quality over quantity, are also affecting the industry. Despite these challenges, there is hope that adaptation strategies and agritech innovation can help mitigate the impacts of climate change and lead to a more sustainable and innovative viticulture sector.

EAC pondering price hikes for 2025

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EAC pondering price hikes for 2025

The Electricity Authority of Cyprus is examining tariff hikes for 2025 and plans to present their proposal to the energy regulator by July. The organization has cash reserves of over €280 million and plans to upgrade the Dhekelia power station at a cost of €110 million.

Institutions view Bitcoin as , ‘non-debt money’, investor sets bullish goals for Ethereum & Celestia rival

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Institutions view Bitcoin as , ‘non-debt money’, investor sets bullish goals for Ethereum & Celestia rival

– Borroe Finance ($ROE) is a new DeFi project that has gained market traction, particularly among Web3 Technologies users.
– Borroe Finance allows individuals to generate finances by selling their future profits for instant cash.
– Celestia is a blockchain network that focuses on creating and utilizing blockchains in a flexible and efficient manner.
– Despite Celestia’s advantages, it cannot compete with Borroe Finance, which is an AI-based fundraising marketplace built on Polygon.
– Institutional investors view Bitcoin as a way to hedge against economic downturns and as ‘non-debt money.’
– Armando Pantoja, a cryptocurrency investor, has bullish price projections for Ethereum and other altcoins in the coming months.

Phileleftheros’s basket is 62.25 euros more expensive than last year

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Phileleftheros’s basket is 62.25 euros more expensive than last year

Prices have generally increased over the past few years, leading to consumers paying more and buying less when visiting supermarkets. This has resulted in many consumers changing their shopping habits, opting for cheaper or lower-quality products and buying only essentials. The price indices for basic consumer products have shown increases in various categories, with some products like fresh vegetables and greens seeing significant price hikes. On the other hand, some products like frozen pasta and sugar have seen price decreases. A survey conducted by Phileleftheros found that the cost of 35 household products has increased by €62.25 compared to the previous year, resulting in a significant impact on the budgets of low and middle-income consumers.

Corona beer maker Constellation Brands forecasts annual profit above estimates

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Corona beer maker Constellation Brands forecasts annual profit above estimates

Constellation Brands forecast annual profit above Wall Street expectations for 2025, with earnings per share expected to be in the range of .50 to .80.

Cypriots still grappling with inflation woes

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Cypriots still grappling with inflation woes

– Inflation rate in Cyprus dropped to 1.2% in March 2024, down from 1.8% in February and 5.8% in March 2023.
– The cost of living in Cyprus is 14% higher than it was four years ago when the COVID pandemic began.
– Food prices in Cyprus have seen significant increases, with olive oil doubling in price and sugar spiking by 59.2%.
– Prices of staple food items like bread, rice, dairy products, and eggs have also risen over the four-year period.
– Prices of agricultural products, fuel, and electricity have also increased in Cyprus over the same period.

Fuel price hikes expected as Brent oil costs rise

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Fuel price hikes expected as Brent oil costs rise

The price of Brent crude oil for May deliveries has surpassed per barrel, with negotiations currently at .1. This marks the highest prices since January 1, 2024, and also a seven-month record. Retail fuel prices in Cyprus are expected to increase further due to the rise in international oil prices.

Drivers rush to fill up, as petrol prices set to go up

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Drivers rush to fill up, as petrol prices set to go up

Increased traffic was observed at petrol stations on Saturday ahead of the termination of the measure to reduce the special consumption tax from Monday, 1st April.

Petrol stations packed as motorists beat price hike

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Petrol stations packed as motorists beat price hike

– Petrol stations were packed as motorists rushed to fill up their tanks before the reduced tax measure ends on April 1.
– More price hikes are expected soon due to increasing fuel prices on the international market.
– Prices have already gone up 2 to 3 cents, varying across different companies.
– The subsidy on fuel consumption tax will end on Monday, resulting in an 8.3 cent hike per litre on petrol and diesel and 6.4 cents on heating oil.