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1. 50 million luxury shoppers pull back as market slows

For the first time since the 2009 financial crisis, the luxury goods market is losing its shine. A whopping 50 million shoppers have stopped splurging on designer bags, watches, and other high-end items, according to Bain & Company’s latest report....

2. Sklavenitis to revamp Papantoniou supermarkets across Cyprus

In September 2025, the Sklavenitis Cyprus network will officially complete its acquisition of Papantoniou Supermarkets, a move that will significantly reshape the local retail landscape, according to Kathimerini's Dorita Yiannakou....

3. Amazon launches 'Haul', a low-cost rival to Temu and Shein

Amazon is launching a new e-commerce platform called Haul, designed to offer shoppers incredibly low prices on a wide range of products, aiming to take on growing competition from Chinese brands like Temu and Shein....

4. TEMU: ''Half Cyprus is better than none''

The online shopping platform Temu is drawing criticism for selling a T-shirt with a slogan referencing the Cyprus issue. The shirt, priced at €11.90 on sale from an original €23.69, features the phrase...

5. Cyprus GDP and living standards improve, but challenges remain

Cyprus' living standards have continued to improve, with the country's GDP per capita reaching 95% of the EU average in 2023, according to recent data from the Statistical Service of Cyprus....

6. EU investigates TEMU over unsafe products and addictive tactics

The European Union is investigating the popular shopping app Temu over concerns that it may be allowing unsafe products on its platform and using potentially addictive features to keep users hooked. ...

7. Greek retailer Praktiker Hellas considers Cyprus expansion

The Greek home improvement chain Praktiker Hellas is exploring a potential expansion into Cyprus, according to Kathimerini's Dorita Yiannakou....

8. Countdown to Black Friday: Tips to avoid scams

As Black Friday approaches on Nov. 29, businesses worldwide are gearing up for significant sales events. Recognized as the unofficial start of the holiday shopping season in the U.S. since 1952, Black Friday is observed on the fourth Friday in November, the day after Thanksgiving....

9. Soaring prices of fruits and vegetables hitting consumers hard

Cypriot consumers are feeling the pinch as the prices of fruits, vegetables, and greens have surged, making it harder for households to purchase these essential goods....

10. Over 1,600 domestic violence complaints in first half of 2024

The number of domestic violence complaints in Cyprus has steadily increased over the past five years, prompting concerns among authorities and advocates. ...

11. Sklaventis Cyprus opens new office in Limassol

Sklavenitis Cyprus has officially inaugurated its new four-story office building in Polemidia, Limassol, which encompasses 2,000 square meters and accommodates 170 workstations. ...

12. Businesses in Cyprus can benefit economically from policies for fewer cars

Cities worldwide are increasingly adopting pedestrian-friendly and bicycle-friendly policies, amid growing concerns over the climate crisis and the need to reduce air and noise pollution. ...

13. Nicosia to improve walking and cycling by 2030

Nicosia has unveiled an ambitious plan to transform the city into a '15-minute city' by 2030, aiming to ensure that residents can access essential services within a 15-minute walk or bike ride from their homes, officials announced Monday. ...

14. €13 billion tax bill for Apple, €2.4 billion fine for Google

Apple has lost its legal battle against a €13 billion ($14.4 billion) tax bill after Europe’s top court ruled in favor of the European Commission on Tuesday....

15. The MyPetrolina App ''Drives'' You to Alphamega Hypermarkets!

16. Back-to-school shopping spikes as prices fluctuate

in an article written by Kathimerini's Anna Polyviou, back-to-school shopping is in full swing with the new school year just around the corner. Consumers scramble to buy essentials like clothing, footwear, stationery, and school bags, taking advantage of a wide variety of products and offers to suit their needs and budgets....

17. School bags in Cyprus priced from €3.99 to €209.95

The Cyprus Consumer Association is advising parents and students to be vigilant when shopping for school supplies, as a recent survey reveals a significant variation in prices across the market....

18. TUI halts day trips to occupied areas of Cyprus

TUI, Europe’s largest tour operator, has announced that it will stop organizing day trips from the free areas of Cyprus to the occupied territories starting August 31. ...

19. Young Cypriot preserves traditional basketry craft

At just 36 years old, Athinodoros Georgiou from Pachyammos Tillyria is dedicated to preserving the art of basketry, a tradition passed down from his grandparents. His passion for this craft began in childhood, inspired by his grandparents' involvement in traditional arts....

20. Lidl celebrates its successful sponsorship of the UEFA EURO 2024

• Lidl's sponsorship of the biggest football event in Europe, as an Official Partner of UEFA EURO 2024™, signaling the company's first international participation in football....

21. Lidl Cyprus celebrated the opening of its 3rd store in Paphos and 21st store in Cyprus

In a major expansion of its retail network, Lidl Cyprus opened its newest store in the Neon Mall of Pafos on Wednesday 24 July, marking the 3rd Lidl store in a row in the Paphos district and the 21st in Cyprus. ...

22. Cyprus extends EV charging grants by two months

The deadline for applications for the second phase of the "Electrification with 1000" grant program has been extended by two months, now closing on September 30, 2024, at 12:00 a.m., the Department of Electromechanical Services announced....

23. The Economist: 'The division of Cyprus looks indefinite'

As Cyprus marks the 50th anniversary of its division, a resolution to the longstanding conflict remains elusive. Despite decades of diplomatic efforts, the island remains split between its Greek south and Turkish north, with the status quo appearing increasingly permanent....

24. Brewed to go! The Bean Bar truck brings vibrant coffee vibes on wheels.

Get ready to fuel your day with a splash of excitement as Bean Bar unveils its latest innovation—a mobile coffee bar that's sure to turn heads! The Bean Bar Truck, the 13th addition to the beloved chain, ...

25. Lidl’s 21st store in Paphos boosts Cyprus retail battle

Almost 15 years after Lidl Cyprus entered the Cypriot market, the company is set to open its 21st store in Paphos, specifically in Neon Mall....

26. New Lidl store at Neon Mall of Pafos

Lidl Cyprus opens its 21st store and extends its commitment towards high quality, affordable prices and an upgraded shopping experience....

27. Ikea to open store on New York's chic 5th Ave

IKEA is set to open a new store in the heart of Manhattan's Fifth Avenue shopping district, serving as the prime anchor of a new office tower, the majority owner of IKEA stores announced Tuesday....

28. Luxury retailers Saks and Neiman Marcus merge in big deal

A new luxury retail giant is emerging in the United States as the parent company of Saks Fifth Avenue acquires Neiman Marcus for $2.65 billion....

29. Temu, Shein & Ali Express: EU cracks down on Chinese imports

The European Union is taking steps to clamp down on the surge of low-quality Chinese imports flooding its markets. According to sources speaking to the Financial Times, the EU plans to impose tariffs on cheap products from platforms like Temu, Shein, and AliExpress....

30. Jumbo to open second store in Nicosia this summer

Jumbo is set to open its second store in Nicosia and sixth in Cyprus, located in the former Stephanides Group headquarters near the Mall of Cyprus and IKEA in Strovolos....