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Photiades builds 11 mln euro distribution centre

Photos Photiades Distributors (PPD), the Cyprus drinks wholesaler division of the Photiades Group, has moved into new state-of-the-art headquarters and warehouse in Nicosia that cost 11 mln euros to build on a

6th April 2012
Cyprus

Wanted: sponsor for Cyprus football association

The Cyprus Football Association (KOP) seems to have scored an own-goal and may be left without a major sponsor for the 2012-2013 championship. When Laiki Bank’s 5-year sponsorship deal was about to

6th April 2012
Cyprus

Is Cyprus mediating in Lebanon-Israel maritime border row?

Cypriot authorities informed the Lebanese government that Israel is seeking to resolve the dispute over its maritime borders with its northern neighbour, Lebanese newspaper As-Safir reported. According to the report, Cyprus is

6th April 2012
Cyprus

“We’re sorry”, Laiki tells Cyprus shareholders over Greece

Laiki Bank apologised to irate shareholders for its exposure to Greek debt which has saddled the bank with mammoth losses and forced it to seek new capital. Marfin Popular Bank, which was

6th April 2012
Cyprus

Baker Tilly Klitou rebranded as “Baker Tilly” in Cyprus

Baker Tilly Klitou have entered into a new licence agreement with Baker Tilly International, whereby the firm will be among the first to use the “Baker Tilly” simplified brand and logo as

6th April 2012
Business

Samsung hits a high Note, posts record profit

Samsung Electronics posted record quarterly profit of $5.15 billion, driven by booming sales of its smartphones and the Galaxy Note 'phablet', which it hopes will show it has a flair for innovation

6th April 2012
Business

Japan throws off year of crisis as cherries bloom

Spring has begun in Japan with the blooming of the country's beloved cherry trees, with revelers eager to use the occasion as a way to break from a year marked by crisis

6th April 2012
Cyprus

Asian shares sluggish as Europe concerns resurface

Asian shares struggled on Friday in holiday-thinned trade, with investors awaiting key U.S. jobs data later in the day and fretting about rising yields in weaker euro zone economies that are reviving

6th April 2012
Business

Twitter goes to court to fight spammers

Twitter filed a lawsuit on Thursday in a U.S. court against five websites that it accuses of creating tools for spamming, as the social media firm battles a wave of automated tweets

6th April 2012
Business

Sarkozy vows budget surplus, debt cut if re-elected

President Nicolas Sarkozy pledged to achieve a budget surplus for the first time since 1974 and cut France's swelling debt if re-elected on May 6, warning that his Socialist rival would lead

5th April 2012
Cyprus
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