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Inflation Pushes Up Prices For Key Consumer Goods In Cyprus

by THEFUTURE.TEAM

June 22, 2026

In May, prices for several essential consumer goods increased as inflation continued to affect household budgets. According to the consumer protection service’s price observatory, which tracks the weighted average price of 250 basic products across 400 retail outlets nationwide, a number of categories recorded notable increases.

Sharp Rise In Key Food Categories

Cold cuts recorded one of the biggest monthly increases, rising by 6.4% from April and 9.2% compared with a year earlier. Prices for frozen breaded and pre-cooked fish rose by 6.3% month-on-month, although they remained 15.3% lower than a year ago. Frozen molluscs and shellfish also became more expensive, climbing 6.1% from April despite being 10.9% below last year’s levels.

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Broad Impact Across Multiple Essential Items

Higher prices were also recorded across several other categories. Oil prices increased by 5.8% compared with April, while canned meat rose by 5.4% month-on-month and 7.3% year-on-year. Traditional Cypriot coffee was up 5.1% from the previous month and 5.8% from a year earlier. Baby food prices increased by 5.1% monthly and 10.9% compared with May 2025. Eggs, flour, laundry detergents, frozen pasta, soft drinks, toilet paper, and yoghurt also registered increases.

Selective Price Declines Offer Some Relief

Some categories, however, recorded lower prices. Fresh vegetables and greens fell by 24.3% compared with April, although prices remained 24.9% higher than a year earlier. Modest declines were also recorded for fresh fish, molluscs, and meat, while sugar prices remained largely unchanged despite a slight monthly decrease.

Retail Price Comparisons And Consumer Guidance

Figures from the government’s e-kalathi platform showed that the price gap between the most expensive and cheapest supermarkets narrowed slightly in June. A basket containing 253 common products cost €1,080.72 at Philippos and €972.10 at Sklavenitis, representing a difference of 11.2%.

The observatories are intended to provide information to consumers. Shoppers are encouraged to carry out their own comparisons before making purchases, taking into account quality, individual needs, and their available budget.

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Cyprus Promotes Ship Registry In Asia As Fleet Grows To 25-Year High

by THEFUTURE.TEAM

October 19, 2026

Cyprus is stepping up efforts to attract international shipowners, with Shipping Deputy Minister Marina Hadjimanolis holding high-level meetings in China and Japan as the country’s ship register reaches its strongest level in 25 years.

Running from October 14 to 29, the Asian mission focuses on expanding commercial ties, promoting the advantages of the Cyprus flag and strengthening cooperation with shipowners, shipbuilders and maritime authorities.

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China Meetings Target Shipowners And Industry Leaders

In Shanghai, Hadjimanolis met Wang Qian, vice-director of the Shanghai Pudong New Area Commission of Commerce and Shipping Service Office, ahead of the North Bund International Shipping Forum on October 20–21. Organisers expect around 4,000 participants from more than 50 countries and regions, with discussions covering international shipping, maritime safety, financing, insurance, digitalisation and the transition to cleaner fuels.

The minister also met representatives of Dalian Trawind Shipping and Fortuna Shipbrokers Inc. to present the Cyprus registry’s advantages and explore registration opportunities for vessel owners. On October 20, she is scheduled to speak at the 10th Annual Capital Link International Shipping Forum in Pudong, joining a ministerial roundtable on international maritime leadership.

A visit to Zhoushan is also planned for the naming ceremony of Kypros Island, a new vessel for the Cyprus register owned by Safe Bulkers. Launched in June at the Tsuneishi shipyard on Xiushan Island, the 81,200-deadweight-tonne methanol dual-fuel bulk carrier is scheduled for delivery at the end of October. According to the Zhejiang Maritime Safety Administration, sea trials were due to take place between October 11 and 16.

Japan Engagements Strengthen Maritime Ties

Before travelling to China, Hadjimanolis met Japan’s Parliamentary Vice-Minister for Land, Infrastructure, Transport and Tourism, Kenta Aoshima, in Tokyo on October 16. Her programme also included meetings with senior representatives of Shoei Kisen Kaisha, Nihon Shipyard, NYK Line, ITOCHU Corporation and SSY Projects, focusing on cooperation with Japanese shipowners, shipbuilders and shipping operators.

At the 5th Annual Capital Link Japan Maritime Forum, held at the Tokyo American Club, Hadjimanolis discussed maritime leadership, competitiveness, policy and international cooperation with Capital Link founder and president Nicolas Bornozis. Other sessions examined Japan’s shipbuilding strategy, new-vessel financing and the development of ammonia-powered ships.

The Tokyo programme followed a Cyprus Ship Registry reception on October 15 for representatives of Japan’s maritime and business communities. Hadjimanolis outlined the country’s shipping services and regulatory framework, while Polys Hajioannou, chief executive of Safe Bulkers and president of the Cyprus Union of Shipowners, delivered the opening remarks.

Registry Reaches Highest Level In 25 Years

At the reception, Hadjimanolis said the Cyprus Ship Registry had grown by 27% since September 2023, reaching its highest level in a quarter of a century. She attributed the expansion to efforts to improve competitiveness, simplify administrative procedures and provide more responsive services to international shipowners.

Cyprus’s inclusion on the White Lists of the Paris and Tokyo Memoranda of Understanding was another point highlighted by the minister. These lists reflect the safety and inspection performance of ships flying a national flag.

Existing commercial links with Japan include Safe Bulkers’ announcement in May of four Japanese-built dry bulk vessels scheduled for delivery in 2029.

South Korea Next On The Maritime Agenda

Hadjimanolis’ mission will continue in South Korea, where she is expected to attend the 2026 World Maritime Day Parallel Event and Korea Maritime Week alongside International Maritime Organization Secretary-General Arsenio Dominguez and government representatives from several countries.

Her programme will also include discussions on implementing international maritime conventions and bilateral talks aimed at strengthening Cyprus’s shipping ties with South Korea.

The Asian outreach comes as maritime centres compete for shipowners amid geopolitical uncertainty, fleet renewal and pressure to reduce shipping emissions. For Cyprus, the strategy combines promotion of its registry with closer relationships across Asia’s shipbuilding and shipping sectors.