Consumer complaints in Cyprus have surged in various areas, including passenger rights and organized travel, up by 75.58%. Other notable increases include online scams and email fraud at 51.56% and high living costs with energy prices rising by 41.46%.
The proposed legislation on bottled water pricing regulation aims to protect consumers by implementing a price cap at critical points like airports, ports, and beaches to prevent overpricing and ensure affordability, serving as a consumer protection measure against price gouging. The move by the commerce ministry underscores a significant step towards consumer protection amidst debates, with an inclusive process involving stakeholder consultations and legal reviews, positioning the bill as a targeted measure to shield consumers from potential price exploitation in areas with limited purchasing options.
The recent recall of hazardous toys on an ecommerce platform underscores the importance of safeguarding children’s safety. Consumers are urged to check the product safety alerts section on the website and follow the guidance provided to ensure a safe environment for children to play.
Supermarkets in Cyprus are facing criticism for potential misleading special offers, sparking demands for transparency from consumers and the Cyprus Consumers Association. Calls for disclosing exact discount percentages aim to help shoppers make informed decisions and compare prices accurately.
The government is taking steps to cap potable water prices at public venues to ensure affordability for consumers. Legislation proposes maximum prices for bottled water, with fines for noncompliance, aiming to balance access to clean drinking water with market health.
Energy Minister George Papanastasiou advocates for fair trade and competition at the Cyprus Conference on Competition Law, highlighting government measures to support the local economy with €256 million, reduce electricity costs, lower tax burdens, and reinforce consumer protection for economic resilience and quality of life. The focus is on creating a conducive environment for fair competition, addressing the challenges of the global economic landscape, and aligning with EU policies to enhance competition law and policy for a balanced and innovative market.
Consumers are saving approximately €7.50 on a €95 purchase, thanks to the zero VAT rate on essential products, stabilizing prices for 72% of items. Retailers nationwide have embraced this policy, ensuring compliance rates between 75 and 100 percent, easing the financial burden on households and enhancing consumer shopping experiences.
