Asylum applications in Cyprus reduced by 40%

Cyprus recorded a 40 percent decrease in asylum applications during 2006, but still has the largest number of asylum applications in relation to its population. According to a report released by Eurostat,

Orphanides in new takeover

Orphanides (ORF) signed an agreement for the acquisition of the assets and commercial operations of “Goglio Investments Ltd” (GI) that operates a supermarket in Paliometoho, Nicosia. The Company also signed an agreement

Options EGM approves bonus, share issue to Aspis

The Extraordinary General Meeting of shareholders of Options Cassoulides (OPT) approved the increase of the Company’s share capital from CYP 6 mln (EUR 10,3m) divided into 60,000,000 shares of a nominal value

Cyprus building permits up in June

Offices make a comeback The number of building permits authorised by the municipal authorities and the district administration offices during June 2007 stood at 880, a rise of 5.1% compared with the

Aspis exits out of USB with huge profit

Aspis Holdings (MFS) and Commercial Value SA, a member of Aspis Group in Greece have substantially reduced their stake in Universal Bank (USB), realizing and booking a substantial profit of EUR 3.5

COMMENT: Putting Cyprus on the (wine) map

The Business of Wine and Food with Patrick Skinner   Despite the efforts of the Cyprus Tourism Organisation and the presence here, every year, of more than a million British tourists, it

DataTech installs new hand-helds for KEO Cyprus

Fourteen years after installing the first hand-held data-collection computers in Cyprus for its sales and stock-taking teams, KEO is replacing its terminals with state-of-the-art handhelds from Intermec, supplied by DataTech Business Solutions.