Tagsconsumers

Banks are open but consumers only spending on basics

By Peter Stevenson 04/04/13
CONSUMERS have started using baskets in place of trolleys when they shop, and putting the minimum amount of fuel in their vehicles, businesses said yesterday.Bakeries, supermarkets and petrol stations said they had all been feeling the effects of the current economic meltdown while the public attempts to adapt to the stranglehold banks have placed on their accounts.Some companies have tried to attract customers by offering special deals on products in an attempt to revive the market but suppliers’ insistence on cash payments has meant some gaps have begun to appear on store shelves... 4 comments

Crisis forces consumers to become more savv

By By Maria Gregoriou 16/03/13
ALTHOUGH consumer rights in Cyprus are not fully protected in practice, some people are learning from the ongoing economic crisis and becoming more savvy.On World Consumer Rights Day yesterday, George Varnavas, a member of EDEK, asked the new government to support the proposal for a commissioner for consumers to be appointed. During a press conference Varnavas said: “This year’s World Consumer Day is marked by the fact that the Cypriot consumer is currently living in very hard times. Unemployment and rises in petrol prices, leading to an increase in the prices of other essential products, and the reduction of purchasing power due to decreases in income, places the Cypriot consumer in a very harsh position... 3 comments
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