Black Friday blues

The magic of Black Friday seems to have dimmed in Cyprus, leaving consumers disappointed yet again due to lacklustre discount campaigns by stores. Marios Drousiotis, the head of the Cyprus Consumers Association,

Black Friday losing its magic

Black Friday seems to be losing its sparkle in Cyprus, with consumer wallets feeling the pinch from the cost of living and global uncertainties from the conflicts in Ukraine and Gaza, according

Retail trade value up 9% in September

Retail trade increased by 8.6% in value in September from the same month last year and was up 4.2% in volume, according to the monthly turnover index, while the figure was higher

Retail, tourism driving GDP growth

Annual Gross Domestic Product generated €6.2 bln in the first quarter of the year, showing an increase of 3.4%, bolstered by the retail sector and tourism revenue. Based on seasonal and working


E-basket in parliament

A bill regulating a new digital platform for monitoring retail prices, known as the e-basket, was discussed at the House Commerce Committee on Tuesday. The new digital platform aims to support the

Law to stop charges on credit card purchases

Parliament wants to end retailers charging customers a surcharge for paying with plastic money by taking advantage of loopholes in the existing legislation. Under a 2021 law, all businesses offering services are

December retail trade volume decreased

The volume of retail trade in Cyprus decreased by 0.2% over Christmas compared to November, which increased slightly by 0.1% during Black Friday sales. Compared to December 2021, trade volume increased by

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