Number of POS terminals up 15 per cent as cashless transactions rise
Point of sales (POS) terminals have seen a 15 per cent rise in Cyprus between 2018 and 2020, according to a survey of 14 countries...
shops
Why some businesses are closing while others are thriving
We have studied the announcement by the small shopkeepers association (Povek) warning the state not to reduce the subsidies being paid to shopkeepers. The union...
Our View: Shopkeepers right to express gloom over new mall
Fears are being expressed that the imminent opening of the Metropolis Mall in Larnaca would adversely affect the business of shops in the commercial centre...
Greece’s largest retail electrical company opening in Cyprus
Greece’s largest retail electrical company, Kotsovolos is opening two shops in Cyprus nest week, promising a “unique shopping experience”. The company announced that its two...
Coronavirus: Shops slash prices to draw crowds as they re-open
Shops re-opened on Monday, the first day of phase two of the easing of the coronavirus lockdown, with special offers as they try to recoup...
Joy and caution as Greek shops re-open amid strict safety limits
Shops in Greece reopened for the first time in two months on Monday as the government took its first steps towards easing coronavirus restrictions, in...
Nicosia awards best city-centre Christmas window displays
Nicosia Municipality on Thursday announced the winners of its competition for the best Christmas shop window within the city walls. The municipality said the initiative...
Retailers see reduced Black Friday traffic, Povek says
There was reduced traffic in shops on Black Friday compared with previous years, small shopkeepers’ union Povek said on Friday. While some people wearing face...
Coronavirus: Struggling Paralimni shopkeepers seeking state help with rents
Paralimni shopkeepers on Friday appealed to the government for a partial funding of their rent arguing many stores have been forced to close because their...
Financial support needed for businesses affected by infrastructure delays, MPs hear
The state should look into affording some financial support to businesses affected by infrastructure projects, especially when there are delays in their completion, ruling Disy...
Second lockdown would be disaster, small shopkeepers say
A second phase of restrictive measures and another lockdown would have catastrophic consequences, the small shopkeepers’ union, Povek said on Tuesday as it urged the...
Clampdown on shops converting to illegal housing
Paphos municipality is clamping down on shop owners that are illegally converting premises and renting then to foreigners as sub-standard accommodation for a quick buck....
Queues and limited browsing in store for English shoppers
People eager to hit the shops again when English high street retailers, department stores and shopping centres reopen will face queuing and few opportunities to...
Coronavirus: Visits to shops down 30 per cent
Visits to shops are down by 30 per cent, secretary general of shopowners union Povek Stefanos Koursaris said on Friday. The members of the union...
Coronavirus: shop owners need €500m in liquidity, Povek says
Shop owners must be given some €500m in liquidity directly by the state in the first four months of their operation with repayment extending to...
Coronavirus: Cyprus tentatively opens for business
Authorities mounted a massive logistical operation on Monday as thousands returned to their offices and shops during the first day of lockdown relaxations, with the...
Coronavirus: heart of the capital begins to wake up but mood is gloomy
Doubt, rent worries and uncertainty were the words on the lips of Nicosia shop owners as a staggered reopening began islandwide on Monday. A common...
Coronavirus: Sunday shop opening back on May 10
The Cyprus association of retail trade enterprises announced on Saturday that all shops allowed to operate during the pandemic will re-open on Sundays starting next...
Coronavirus: Povek calls for reduction in the cost of shop rents
Small shopkeepers union, Povek has written to the finance and justice ministries, as well as to leaders of political parties, asking them to reduce rents...
Dangerous children’s clothing to be removed from shops
The consumer protection service has launched a campaign to identify and remove from the market any children’s clothing they deem dangerous for children. The checks...
