Lack of Nat gas good for consumers

Despite Cypriot consumers paying a high price for the delays in the arrival of natural gas, a jump in the market price has played out in Cyprus’ favour. The island is one

Black Friday off to slow start

Many retailers reported their Black Friday sales campaigns were off to an underwhelming start as inflation and the worsening coronavirus landscape have taken their toll on consumer psychology. Shopkeepers were banking on

Consumers fret over price hikes before Christmas

Consumer associations are concerned over spiralling prices this Christmas making the festive table and gift-giving more expensive. In comments to the Financial Mirror, the Cyprus Consumer Association chair, Marios Drousiotis, said prices


Consumers to get discounted electricity bills

Consumers will see an end to rising electricity bills, as the government appears adamant about ensuring the Electricity Authority introduces a discount on bills in the coming months. On Wednesday, Energy Minister

Fuel prices are burning consumers

The resurrection of demand in the global economy has driven up crude oil prices, the main component of fuel at petrol stations. But according to an executive director of a fuel distribution


Economic sentiment rises, uncertainty remains

Cyprus’ economic sentiment improved in August from July, reflecting stronger activity in services but uncertainty remains, fuelled by the Covid pandemic. The Economic Sentiment Indicator (ESI), compiled by the University of Cyprus’