Greek Retailer Jumbo Group Sustains Growth Amid Global Uncertainty

by THEFUTURE.TEAM

December 9, 2025

Greek retailer Jumbo Group has demonstrated remarkable resilience, posting a 6% year-on-year sales increase in November 2025 despite operating against a strong performance benchmark from the previous year.

Robust Performance In High-Pressure Months

The company’s performance over the January–November period, with growth climbing close to 8%, confirms that Jumbo’s momentum remains strong as it approaches the sector’s critical final weeks. Historically, November and December are peak months for retail, where full capacity and daily turnover are key determinants of annual performance.

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Expanding Global Footprint Through Strategic Franchise Partnerships

Jumbo Group has reinforced its international presence by deepening ties with local franchise partners. The November inauguration of its fourth store in Israel underscores the confidence in the brand, while plans announced by the Fox Group—the franchise rights holder for Israel and Canada—include adding another five to six stores in Israel during 2026 and launching three stores in Ontario next year, contingent on favorable market conditions.

Navigating Supply Chain Challenges Amid Unrest

Amid ongoing farmers’ protests, concerns have emerged over potential disruptions to supply chains, particularly delays at customs, road networks, and ports. Such challenges could adversely affect domestic replenishments and export flows, impacting overall economic activity. In response, the group has urged the state to maintain stability and ensure the smooth operation of the country during this precarious period.

Regional Growth Performance

Performance by market continues to be robust. In Greece, net sales—excluding intragroup transactions—rose by approximately 6% in November, with an annual growth of around 9% over the first eleven months. In Cyprus, November figures advanced by about 3%, reaching roughly 8% year-to-date. Bulgaria, which capitalized on online sales through e-jumbo.bg, saw an 8% increase in November, though the year-to-date growth remains at 4%. Romania, incorporating online activity, noted a 6% rise in November, with an overall annual increase nearing 5%.

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Cyprus Income Distribution 2024: An In-Depth Breakdown of Economic Classes

by THEFUTURE.TEAM

December 24, 2025

New findings from the Cyprus Statistical Service offer a comprehensive analysis of the nation’s income stratification in 2024. The report, titled Population By Income Class, provides critical insights into the proportions of the population that fall within the middle, upper, and lower income brackets, as well as those at risk of poverty.

Income Distribution Overview

The data for 2024 show that 64.6% of the population falls within the middle income class – a modest increase from 63% in 2011. However, it is noteworthy that the range for this class begins at a comparatively low threshold of €15,501. Meanwhile, 27.8% of the population continues to reside in the lower income bracket (a figure largely unchanged from 27.7% in 2011), with nearly 14.6% of these individuals identified as at risk of poverty. The upper income class accounted for 7.6% of the population, a slight decline from 9.1% in 2011.

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Income Brackets And Their Thresholds

According to the report, the median equivalent disposable national income reached €20,666 in 2024. The upper limit of the lower income class was established at €15,500, and the threshold for poverty risk was set at €12,400. The middle income category spans from €15,501 to €41,332, while any household earning over €41,333 is classified in the upper income class. The median equivalents for each group were reported at €12,271 for the lower, €23,517 for the middle, and €51,316 for the upper income classes.

Methodological Insights And Comparative Findings

Employing the methodology recommended by the Organisation for Economic Co-operation and Development (OECD), the report defines the middle income class as households earning between 75% and 200% of the national median income. In contrast, incomes exceeding 200% of the median classify households as upper income, while those earning below 75% fall into the lower income category.

Detailed Findings Across Income Segments

Upper Income Class: Comprising 73,055 individuals (7.6% of the population), this group had a median equivalent disposable income of €51,136. Notably, the share of individuals in this category has contracted since 2011.
Upper Middle Income Segment: This subgroup includes 112,694 people (11.7% of the population) with a median income of €34,961. Combined with the upper income class, they represent 185,749 individuals.
Middle Income Group: Encompassing 30.3% of the population (approximately 294,624 individuals), this segment reports a median disposable income of €24,975.
Lower Middle And Lower Income Classes: The lower middle income category includes 22.2% of the population (211,768 individuals) with a median income of €17,800, while the lower income class accounts for 27.8% (267,557 individuals) with a median income of €12,271.

Payment Behaviors And Economic Implications

The report also examines how income levels influence repayment behavior for primary residence loans or rental payments. Historically, households in the lower income class have experienced the greatest delays. In 2024, 27.0% of those in the lower income bracket were late on payments—a significant improvement from 34.6% in 2011. For the middle income class, late payments were observed in 9.9% of cases, down from 21.4% in 2011. Among the upper income class, only 3% experienced delays, compared to 9.9% previously.

This detailed analysis underscores shifts in income distribution and repayment behavior across Cyprus, reflecting broader economic trends that are critical for policymakers and investors to consider as they navigate the evolving financial landscape.

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