Cyprus: it is austerity allover!

Clarissa2


Joined: 12/06/2009
Posts: 1476

Message Posted:
14/02/2012 17:23

Cyprus Green Line spend drops in both directions in January.

Card spending by Greek Cypriots north of the UN-monitored Green Line dropped by 17.8% compared with the year earlier in January, while spending by Turkish Cypriots fell by 8.6% in the same period, according to data from JCC Payment Systems.

Total spending in the north reached EUR 431,757, compared with EUR 525,041 in January 2010.

As has been the pattern in the past, one of the major falls was in entertainment, which includes casinos that are currently banned in the Greek Cypriot south, although the Republic of Cyprus government is now likely to change this policy.

Spending on entertainment in the north using cards issued in the south fell by 23.3% to EUR 85,343, from EUR 111,284 in January 2011.

Selected bargain-hunting is suggested by the fact that there was an increase in spending on clothing, which rose by 28.1%, and on supermarkets, which rose by 30.1 to EUR 15,108.

http://www.financialmirror.com/news-detail

suehowlittle


Joined: 31/10/2010
Posts: 1202

Message Posted:
14/02/2012 17:34

Could not open the link, I wanted to read more.

Giles


Joined: 16/08/2011
Posts: 256

Message Posted:
14/02/2012 17:36

http://www.financialmirror.com/news-details.php?nid=25699

Clarissa2


Joined: 12/06/2009
Posts: 1476

Message Posted:
14/02/2012 17:37

Re : Msg 2,

Sorry, the link was cut off as there were no more characters left in the post.



http://www.financialmirror.com/news-details.php?nid=25699