Did anyone seen this article in the financial news section of Cyprus Weekly (June 3-9, 2005)?
With Carrefour apparently planning a takeover of Chris Cash and Carry (gotta love their adverts... classy), Tesco apparently interested in Orphanides and Lidl on the way, do you think that the Cyprus consumer shopping experience is about to undergo radical change? At the moment, Cyprus town planning regulations restrict the development of out-of-town hypermarkets in order to safeguard the interests of small traders. On the surface at least this is a restriction on trade, but hasn't yet been challenged in the Cypriot courts. Should one of these giants seek to challenge it, I'm sure they will and I think you'll see a big change in the way people shop in Cyprus... gone will be the restrictive opening times, in comes 24 hour shopping and buying everything from one shop. It'll be an interesting change for many I bet...