EY Cyprus COVID-19 Updates

COVID-19 Industry Pulse Report: Retail Sector

Executive Summary

The rapid spread of COVID-19 pandemic has caused an unprecedented global shock, both on a humanitarian and an economic level. As most countries are relaxing lockdown measures, uncertainty in navigating the impact of the pandemic on the economy remains.

As part of our efforts to contribute to the understanding and discussion of the impact of COVID-19 on  the Cyprus economy, we are pleased to share a new Industry Pulse report on the Retail sector, adding to the series of reports for Banking, Real Estate and Tourism Sectors.

This report aims to provide a sector-specific perspective on the COVID-19 impact, fiscal and monetary policy, recovery scenarios, trends and recommendations. The Retail sector is now facing a downturn triggered by extraordinary changes in consumer behaviour and, as such, there is a real challenge in deciphering and capturing the magnitude of the impact.

Full report can be found here

Stay safe and connected.


For additional information with respect to this Alert, please contact the following:


Stelios Demetriou

Partner, Head Strategy and Transactions

+357 22 209 746



Athanassios Mavros

Partner, Advisory Services, EY Greece

CESA Leader for Sypply Chain & Operations 

+30 210 288 6009



Charalambos Constantinou

Partner, Head of Advisory Services

+357 22 209 774



Alexandros Pericleous

Director, Strategy and Transactions

Tel: +357 22 209 793



Renos Solomides

Manager, Strategy and Transactions

Tel: +357 22 209 748



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