AROUND 70 kiosks and convenience stores have been forced to close due to the new shop opening hours according to their association SYKADE. Association chief Andreas Theodoulou called on the immediate intervention of President Nicos Anastasiades.
“We have reached an impasse following the government’s overnight decision. Without studying any possible consequences, they have turned Cyprus into a tourist zone and have destroyed the foundations of healthy competition and the legislation which regulated the market’s smooth running,” he said.
Theodoulou said he believes the negatives outweigh the positives following the government’s decision to change shop opening hours.
“Consumption continues to fall and what the new hours have accomplished is to take away business from the small players in the market and hand it over to the four or five big businesses who have for years, even before the crisis, been fighting to change working hours with the aim of removing thousands of small businesses from the market,” he said.
Theodoulou added that drastic measures need to be taken because hundreds of small businesses are on the brink of collapse.
“We call on the president to intervene and repair the injustice which is taking place. If he believes in what his ministers preach from time to time that small businesses are the spine of the Cyprus economy then now is the time to show it,” Theodoulou concluded