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
The many crises the EU has been facing recently should not let us forget the ongoing pain caused by the open wound of Cyprus’ division. Next year will mark 50 years that
Trade and crossings across the Green Line dividing the island increased last year compared to 2021, according to an annual report published by the EU Commission. According to the Green Line Regulation
Cyprus Chamber of Commerce and Industry (KEVE) and the Turkish Cypriot Chamber of Commerce (KTTO) strongly encourage trade opportunities through new or more efficient crossing points. This was the outcome of a
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
Trade and Energy Minister George Papanastasiou and the Cyprus Chamber of Commerce and Industry (CCCI) agreed to intensify efforts to reduce electricity prices to enhance Cypriot businesses’ competitiveness. “We have reached an
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
As a result of the economic disruptions caused by the pandemic, international trade declined significantly during 2020, with some sectors, such as energy, oil, and gas, more severely affected than others. Although
Trade through the Green Line could hit an all-time high this year, breaking 2008’s record when close to €8 mln worth of products crossed the divide, but it’s way below potential. The
UK imports to the island halved within the first year of Brexit, as Cypriot importers turned to EU markets as British products are wrapped in tariffs and red tape. Stakeholders argue that,
