Insider Business New Jumbo store in Cyprus by summer 2020

New Jumbo store in Cyprus by summer 2020

Jumbo has announced that a new store in Cyprus and more particularly in Nicosia is to operate by the summer of 2020.

Jumbo Trading Ltd – the Greek Group’s subsidiary in Cyprus – now comprises a total of five stores – one in Nicosia, one in Larnaca, two in Limassol and one in Paphos.

The former headquarters of Stephanides Group, located near The Mall of Cyprus, will now host Jumbo’s new store. These premises were in the hands of Bank of Cyprus Real Estate Management Unit (REMU) for some time now.

According to a company announcement, the aim is for the new Jumbo to operate and be part of the branch network within the next two years.

In addition, the Group which was renting out space at the former Orphanides supermarket in Limassol, recently announced that it has now bought it over.

In the second half of 2018, the Group recorded sales in Cyprus of €50 million and a pre-tax profit of €16.9 million compared to €16.5 million in the same period last year.

In addition to Jumbo Trading Ltd, the Group maintains two more subsidiaries in Cyprus – Aspetto and Geocam Holdings – whose activities are in investment.

Jumbo Group, which operates in many Balkan countries, has announced that overall profits increased by 9.2% between July 2018 and December 2018.

Read more:

https://in-cyprus.com/former-orphanides-premises-to-host-big-retail-brands/

Top Stories

Schools close only if we say so, Prodromou notes

  Five hundred pupils have missed classes due to the Covid-19 pandemic, said education minister Prodromos Prodromou, making clear that there was no need for...

Famagusta hospital Covid patients rise to 24, four in increased care

  The number of Covid 19 patients being treated at the Famagusta General, the referral hospital for coronavirus, remained at 24, (22 yesterday) four of...

Turkish VP Octay illegally visits fenced off city of Varosha

  Turkish Vice President Fuat Octay walked along the beachfront of the fenced off city of Varosha today, part of which was illegally opened earlier...

18 people given preferential citizenships in casino resort, says Auditor General

  The Auditor General's Office has accused the government of bending the rules on the citizenships for investment programme, by granting passports outside the framework...

Kakoratzia state forest fire put out before spreading

  A fast forest fire service response prevented a potentially destructive fire from spreading this morning. It broke out at the Falkonopetra area of the Kakoratzia...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...