Car sales slump 19.6% in September

In September, annual car sales plunged 19.6%, while vehicle registrations were also down by nearly 5% for the first nine months of the year. Last month, total registrations of motor vehicles were

Larnaca’s first mall to open 17 September

Following delays due to the coronavirus pandemic and low consumer sentiment restrictions had brought about, Larnaca will finally see its first shopping mall open on 17 September. The new Metropolis Mall, near

Accepting credit cards compulsory from September

From 20 September, all businesses offering services are legally obligated to accept credit card payments, but smaller retailers are asking the authorities for some ‘slack’ due to increased operating costs. From kiosks

Cyprus unemployed nearly doubles in September

As the pandemic bites into the economy, the number of registered unemployment in September increased by 81% annually to 30,718 from 16,968 last year, according to the Cyprus Statistical Service. Registered unemployed

Economic sentiment deteriorates in September

Weaker confidence in services and construction saw the Economic Sentiment Indicator (ESI-CypERC) decrease further by one point in September compared to August. According to the Economics Research Centre of the University of