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Celebrating 15 Years of Lidl Cyprus: A Journey of Growth and Innovation

by News Editor
May 9, 2025

From its first foray into Cyprus in 2010, Lidl Cyprus has revolutionized the shopping landscape, becoming a cornerstone of economic and social development on the island.

Marking its 15th anniversary, Lidl Cyprus reflects on key milestones that have harmonized innovation with responsibility and growth.

Initial Launch and Expansion

Initiated in 2010 with seven stores and a distribution center, employing 450 people, Lidl Cyprus focused on delivering quality, affordable prices, and consistency. Today, with 21 stores and a workforce of over 700, Lidl has become synonymous with consumer value.

Innovation in Action

The Lidl Food Academy, launched in 2015, underscores Lidl’s commitment to education and sustainability. The mobile Lidl Food Academy on the Go extends this impact to schools, teaching healthy dietary practices and environmental stewardship.

Embracing Technology

Lidl Cyprus leads in digitization, with the Lidl Plus app and Auto Dispo inventory systems facilitating effective consumer engagement and sustainable growth.

Environmental Commitment

The REset Plastic initiative and ISO 50001 certification highlight Lidl’s dedication to reducing its carbon footprint through energy-efficient innovations and minimizing print usage.

Economic and Social Impact

Recent data reveals that every €1 spent at Lidl creates widespread economic value, contributing 0.51% to Cyprus’ GDP and supporting approximately 2,000 supply chain jobs. The company also invests heavily in its employees, offering 13.5 salaries, €400 vouchers annually, and private healthcare insurance.

Moreover, by partnering with over 90 Cypriot suppliers, Lidl promotes local products internationally, bolstering the economy.

Community Contributions

Lidl’s community partnerships with the Cyprus Red Cross and Anti-Cancer Society, as well as environmental education initiatives like mind REset, exemplify significant contributions exceeding €2.8 million.

Looking Ahead

As Lidl Cyprus invests an additional €15 million in 2025, with plans to expand this to €40 million by 2027, its strategic growth plans aim to redefine modern entrepreneurship and enhance consumer experience.

Cyprus Government Moves to Cut Electricity Prices

by THEFUTURE.TEAM
May 13, 2025

According to the government spokesman Konstantinos Letymbiotis, the Electricity Authority of Cyprus (EAC) and the energy regulator are set to meet this week to discuss a formula to lower the price of electricity.

This development comes from President Nikos Christodoulides’ remarks over the weekend, where he urged the EAC not to increase electricity rates. Christodoulides confirmed that he had a meeting with the EAC, asking them not to impose any increases at this juncture.

The government spokesman emphasized that the current administration is committed to bringing down the price of electricity in any way possible. Letymbiotis noted that the state-run power utility and the regulator would make their own assessments based on the wider direction of the government regarding reductions in the coming time period.

It is worth noting that Cypriots pay the second-highest rates for electricity in Europe when adjusted for spending power, according to Eurostat data released last week. Only consumers in the Czech Republic paid more for their household energy bills than those in Cyprus.

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