Economic sentiment in Cyprus improved for the ninth consecutive month in January, hitting a 2.5-year high but remaining fragile. According to the University of Cyprus Economic Research Centre, the...
The economic downturn has brought about radical changes in the retail sector, reinforcing consolidation trends and changing consumer patterns. The foreclosure of the Orphanides supermarket chain a...
08/01/2014
Total registrations of motor vehicles in Cyprus declined by 29.6% to 15.846 in January – October 2013, from 22.511 in January – October 2012, figures released today by Cyprus Statistical Service show...
25/11/2013
There is sufficient quantity of fuel, Chairman of the Gas Station Owners Association, Stephanos Stephanou told the CNA and ensured that 260 of the 280 stations over the island accept credit cards....
21/03/2013
The new JCC data for the use of credit cards in December 2012 showed a new decline in domestic consumption for the third consecutive month. According to the figures, the value of transactions by...
09/01/2013
According to new JCC data, the value of transactions of credit cards by Cypriots in the domestic market in October recorded an annual decrease of 7% to €173.5 million. In September 2012, it had...
12/11/2012
Outgoing Health Minister, Stavros Mallas announced on Friday significant reductions in the price of medicine up to 50% from January 14. During his visit to the Pharmaceutical Services of the...
12/10/2012
SEK expressed its concerns for the profiteering, the expensiveness, the high interest rates and tax evasion that hamper any prospect for progress, growth and prosperity. “It would be no...
03/10/2012
Retail trade must survive without consumer loans since banks have become stricter in lending, at the same time that consumers are starting to change their habits. The times of finance for cars and...
19/09/2012
The liquidity problems that households and businesses face pushed the number of bounced cheques in the market sharply up in August. According to latest Central Information Registry data, bounced...
05/09/2012