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Holiday Table Costs Remain Steady Amid Digital Promises and Price Cuts

Stable Pricing Despite Seasonal Discounts

The cost of the New Year’s table in Cyprus has remained largely unchanged, even as minor discounts on select items such as tomatoes and cucumbers have surfaced. According to Mario Drousiotis, President of the Cyprus Consumers Association, these minimal price cuts have not significantly altered the overall expenditure for festive meals.

Detailed Cost Analysis for a Range of Tables

A comprehensive study conducted by the Association in Nicosia revealed that a “luxurious table” comprising 34 items cost approximately 160 euros for a family of four and 227 euros for a family of six. In contrast, an “economical table” featuring 19 items was priced at 98 euros and 129 euros, respectively. For lower-income households, a selection of 11 products from the 34 required was estimated to cost only 33 euros for a family of four and 49 euros for a family of six. Notably, these figures reflect a 9% increase compared to the previous year.

Methodology and Regional Considerations

The research was strictly carried out in prominent supermarkets in Nicosia, ensuring price consistency by using the same chains as in previous studies. Drousiotis emphasized that in the provinces there were no voluntary submissions and that the four major chains examined are known to set uniform prices across Cyprus.

e-Kalathi App: Unmet Expectations and Limited Participation

Drousiotis also scrutinized the performance of the e-Kalathi application. He has called on the Consumer Protection Service to release an accountability report on the app’s performance to date. The application, which initially promised coverage of 3,000 products, now displays only 478—a stark discrepancy when supermarket chains offer between 8,000 to 10,000 product codes. Moreover, participation by a major supermarket chain was limited to just 15 out of 60 days during the October–November period, with only 120–125 products available, and a complete absence of involvement from December 17 to 29. A separate chain managed to list 135 products in October.

User Engagement and Future Outlook

The data, according to the President, clearly indicate that consumers are not being adequately served. User adoption also remains abysmal, with nine out of ten users failing to return to the app. Drousiotis publicly urged the relevant authorities to ascertain whether the application succeeded or failed after six months of operation, and to identify how many of the 10,000 initial users continue to utilize it.

In summary, while minor price adjustments offer little reprieve in overall festive costs, a digital solution intended to empower consumers has yet to live up to its promise, raising wider concerns about transparency and efficacy in consumer support tools.

Meta’s Reality Labs Deepens Its Losses Even As Revenue Climbs

Meta Platforms’ Reality Labs division reported an operating loss of $4.62 billion in the second quarter, highlighting the continued cost of the company’s investments in virtual and augmented reality technologies. The unit generated revenue of $431 million, up from $370 million a year earlier and above analysts’ expectations of $423.4 million, according to StreetAccount. Operating losses widened from $4.53 billion in the same quarter of 2025.

Revenue Grows As Losses Continue

Despite higher revenue, Reality Labs remains one of Meta’s biggest cost centres. Since late 2020, the division has accumulated more than $80 billion in operating losses as the company continues investing in hardware and software for its long-term computing strategy.

Focus Shifts Toward AI Wearables

Reality Labs develops the Quest virtual reality headsets and Ray-Ban Meta smart glasses in partnership with EssilorLuxottica. While Meta originally positioned the division around its metaverse vision, the company has increasingly focused on AI-powered wearables as demand for virtual reality devices has grown more slowly than expected.

Long-Term Investment

Meta renamed Facebook to Meta in 2021 to reflect its strategy of expanding beyond social media through immersive technologies. Although Reality Labs continues to report multi-billion-dollar quarterly losses, Zuckerberg has maintained that investments in AI, wearable devices and next-generation computing platforms are central to the company’s long-term growth strategy.

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