Jumbo Group Navigates Market Challenges With Steady Growth In Early 2026

Robust Growth In Cyprus And Greece

Jumbo Group reported positive sales growth at the start of 2026, with revenue in Cyprus increasing by 3% in February and by 6% during the first two months of the year. The company noted that results were achieved despite a strong comparative period in 2025, when the carnival season boosted demand across several product categories.

Region-Specific Challenges And Opportunities

Network sales in Cyprus, including the online store, declined by 1.8% in February. However, cumulative sales for January and February still recorded a 4% increase compared with the same period last year. In Greece, the group’s net sales, excluding intragroup transactions, rose by 6% in February and by 8% during the first two months of the year. Bulgaria also reported strong growth. Sales increased by 7% in February and by 11% during the January–February period. Romania was the only market to record a decline. Network sales there fell by 3% in February and by 4% during the first two months of the year. The company attributed the slowdown to currency depreciation, higher VAT and new fiscal measures, alongside inflation that reached 9.6% in January.

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Strategic Expansion And Geopolitical Influences

Jumbo continues to expand its presence through international partnerships. In Israel, the group’s collaboration with Fox Group led to the opening of the fifth Jumbo store in the market. At the same time, rising geopolitical tensions in the Middle East are beginning to influence consumer sentiment in the region, creating additional uncertainty for retail activity.

Resilient Supply Chains And Commitment To Shareholders

The company said it has managed disruptions in international transport and supply chains through previously secured agreements with suppliers and logistics partners. The stronger euro compared with the previous year has also supported purchasing conditions. Following an extraordinary general meeting held on February 4, 2026, Jumbo announced an extraordinary cash distribution of €0.50 per share before tax. The ex-dividend date is set for March 23, 2026, while payments are scheduled to begin on March 30, 2026.

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Eurobank Wins Two Euromoney Awards Following Cyprus Merger

by THEFUTURE.TEAM

July 17, 2026

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

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Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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