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

Black Friday off to slow start

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

Don’t fall into Black Friday ‘traps’

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

More price rises on essential items

Retailers are warning the public to brace themselves for another wave of price increases on essential goods, as hikes dairy products are next in line. The news comes just a day after

New Jumbo store for Nicosia

Encouraged by their improved profits in 2021, one of the island’s largest retail chains, Jumbo, is gearing up to open a second mega store in Nicosia, the sixth in Cyprus. Reportedly, Greek-owned


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