JCC said of the total €6.04m, some €4.2m was spent in the north of the island and €1.76m in Turkey.

The sectors with the biggest value of transactions were hotels, with transactions of €2.09m, entertainment with €1.11m and airlines with €1.07m.

In July the value of transactions reached €867,850, of which €644,441 was spent in the north and €223,408 in Turkey.

Meanwhile, transactions using Turkish credit cards used in the government controlled areas exceeded €14m between January and July.

The highest number of transactions worth €3.3m was in supermarkets, €2.8m in clothing shops, €1.85m on transport and €1.67m in DIY and household stores.

In July only €2.43m was spent on Turkish credit cards in the south of the island.

Meanwhile, transactions within the government controlled areas by Greek Cypriots reached €1.35bn in the first seven months of the year and €215.4m in July, increasing by 5% and 8% respectively.

Greek Cypriots’ credit card transactions abroad also recorded a significant increase of 18% between January and July compared to the same period last year, and by 23% in July. They reached €790.5m in the first seven months and €123.1m in July.

Tourists’ transactions in Cyprus also saw a big increase, rising by 11% in the period from January to July and by 13% in the seventh month of the year, and stood at €414.86m and €94.3m respectively.

Source: Cyprus Mail