Dual pricing extended to the end of the year

PARLIAMENT yesterday approved the extension of dual price display until the end of the year instead of September.

Socialist lawmaker Marinos Sizopoulos, who tabled the bill, said that despite substantial public adjustment to the new currency, the euro, it would be best to extend dual display – pounds and euros – to help consumers.

Sizopoulos said the elderly still find it hard to understand the actual value of goods, while scrapping dual display at a time when inflation was rising would lead to unjustified price hikes.

Businesses expressed their disagreement with the measure, arguing that a lot of vendors have already ordered or prepared new price lists that do not carry the pound.

They warned that the decisions would lead to further price hikes at a time when inflation was on the rise.

“This decision insults the intelligence of Cypriot consumers and worsens the confusion created by dual display to sensitive groups,” a statement from the Trade and Industry Chamber said.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.