Sales were driven by sales of ‘electrical goods and furniture’ (probably dominated by the former), which leapt by 15.1% year on year.
The value of retail trade in October fell by 1.8% year on year, compared with a drop of 0.5% in September.
For the first ten months of the year retail sales volumes rose on average by 3% year on year, while the values dropped by 1.1% owing to deflation.
The figures exclude sales of motorvehicles.
Source: InCyprus
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Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
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