A hike in prices of essential products has been constrained by a government decision to waive VAT on items, including milk, nappies, and bread; however, reports of abuse have been filed by
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
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
In February, the monthly seasonally adjusted volume of retail trade increased by 1.6% in Cyprus and 8.3% annually, the highest increase among EU states, according to Eurostat. During the same month, the
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
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
Retailers reported their Black Friday sales began an underwhelming start amid a waterfall of complaints of fake offers, with consumers also dissatisfied with the discount level, which averages 20%. Shopkeepers were banking
Consumers are urged to do their homework and research online before heading to stores hunting for bargains on Black Friday. The Cyprus Consumers Association has issued guidelines for shoppers, warning them not
Retailers are hyped over their Black Friday sales campaigns, hoping to see their return take off after two years of COVID restrictions, with all bets placed on the World Cup feel-good factor.
Delivery companies and supermarkets are adjusting their business model by introducing new services, including own-store operations catering to online and from-home shoppers. AlphaMega Hypermarkets has continuously gained ground in the retail market
