The official Winter sale season is starting this Friday and will end on the 26th of February.
shopping
Larger shops ‘sucking in’ customers with illegal sales
Large stores who hold sales outside the regulate periods, are “behaving like cowboys” and ‘sucking up shoppers like a vacuum cleaner’ (cyprus-mail.com)
New VAT rates from 10th January
From 10th January VAT at 5% will be charged on food and medicine with the exception of alcoholic beverages which will remain at 15%.
Shoppers spend on the side of caution
Nicosia and Limassol seemed to be doing well, albeit on a budget, but in Paphos the situation was described as “tragic” and “desperate” (cyprus-mail.com).