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Cyprus Leads European Retail Sales With Robust Growth In September 2025

Cyprus has established itself as a European frontrunner by reporting a double-digit surge in retail sales for foods, beverages, and tobacco in September 2025. This robust performance has not only reinforced consumer confidence across the island but has also marked the most significant retail volume increase (10.4%) among key European markets. Notably, the dynamic return of Cypriot consumers contrasts sharply with more modest gains recorded across the European Union.

Data Insights And Consumer Resurgence

According to recent figures released by Eurostat, the retail volume index for the food, beverages, and tobacco sector has risen by 0.5% across the European Union compared to the same month last year, with a more pronounced increase of 1.0% within the eurozone. Moreover, 15 out of 25 EU nations with available data showed an annual uplift in retail sales for these products during September 2025. This indicator, which adjusts for inflation to highlight genuine sector activity, effectively demonstrates shifts in the quantity of goods sold irrespective of price changes.

Comparative Market Trends Across Europe

Breaking down the performance across various EU countries, the index climbed by 4.5% in Spain, 4.4% in Malta, and 3.8% in Luxembourg, among others. In contrast, several nations experienced declines, with Estonia posting a drop of 4.8% and Romania by 4.5%. These diversified trends underline the unique drivers behind Cyprus’s standout performance, particularly given that retail trade contributes approximately 5% of the overall value added within European economies.

Historical Recovery And Post-Crisis Trends

Eurostat’s analysis further reveals that after the slow but steady recovery following the 2008–2009 financial crisis, retail trading in the EU began rebounding noticeably as economic pressures eased. The unprecedented downturn during the initial pandemic months of March and April 2020 was counterbalanced by a swift recovery starting in May 2020, with pre-crisis levels restored by late summer. Although the subsequent quarters of 2020 and early 2021 saw modest dips, these changes were less severe than the initial COVID-19 impact.

Shifts In Food And Non-Food Sales

Noteworthy is the resilience observed in the food, beverage, and tobacco sector, which weathered the COVID-19 crisis more favorably than non-food retail segments. While sales volumes for foods remained relatively stable from 2022 through 2025, fuel sales did record a recovery during the summer and autumn seasons, albeit without fully returning to pre-crisis benchmarks. Conversely, non-food goods trading has gradually trended upward in recent years, signaling a cautious yet consistent market revival.

doValue Cyprus Strengthens Market Leadership With New Astrobank Portfolio

Expanding Market Influence

Loan and real estate management firm doValue Cyprus has significantly reinforced its domestic presence in non-performing loan servicing by acquiring a new portfolio from Astrobank Public Company Limited. This development follows Astrobank’s recent transition, marked by the transfer of key operations to Alpha Bank Cyprus Limited and the subsequent surrender of its banking licence.

Strategic Acquisition And Swift Execution

Finalized on November 3, 2025, the agreement underscores a decisive strategic shift as doValue Cyprus assumes management of Astrobank’s remaining portfolio. The immediate commencement of portfolio management is a testament to the firm’s commitment to delivering specialized, resilient solutions within the non-performing loan market.

Expertise Driving Market Growth

Chief Executive Officer Varnavas Kourounas emphasized that the latest portfolio acquisition not only expands the firm’s operational footprint but also validates its credibility and deep expertise in the competitive Cypriot financial sector. The strategic move is aligned with the broader growth ambitions of the doValue Group.

Broader Market Implications

Operating as part of the international doValue Group—the largest independent loan and real estate management organization in Southern Europe—doValue Cyprus is well-positioned to leverage its newly expanded portfolio. With approximately €136 billion in assets under management, the group maintains a dominant presence across Italy, Greece, Spain, Portugal, and Cyprus. Moreover, its subsidiary, Altamira Real Estate, runs Cyprus’ largest real estate platform, managing extensive property portfolios alongside the island’s most comprehensive sales network.

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