Cyprus Business Now

Astrobank is offering free cash withdrawals at more than 330 ATMs nationwide for AstroBank customers, the bank said in a statement on Thursday. AstroBank continues its cooperation with the company Euronet Worldwide, where the holders of the Bank’s debit cards, have the possibility of free cash withdrawal in more than 330 ATMs all over Cyprus. In addition, Euronet ATMs also support free withdrawals using AstroBank’s “Money in Minute” service, through which cashless card withdrawals are made. In any part of free Cyprus, if AstroBank customers are found, they can get cash from the largest ATM network of the island. The goal of the Bank always remains the highest quality service to its customers, the improvement of their daily life and the satisfaction of their ever-increasing needs for immediacy and flexibility, the statement said.

Cyprus’ Retail Trade Index has declined steadily since March. The index reading was 131.2 in that month, and it declined to 126.0 in April, and finally to 123.0 in May (the reading for June in Cyprus is not yet available). For the EU as a whole, the index reading was 115.6 in March, but the April reading showed a decline to a reading of 111.4. Since then the index shows a strengthening of retail trade, hitting a reading of 116.4 in May and rising to 117.5 in June. For the Euro Area, there was a strong reading of 115.4 in March, which fell to 109.1 in April and then came back to a reading of 113.6 in June.The Retail Trade Index is a business cycle indicator which shows the monthly activity of the retail sector in value and volume. It is a short-term indicator for final domestic demand. It should be noted that the volume of sales is different from the volume of (retail) trade services. The latter takes account of changes in the quality of the trade service supplied.