Manthos Mavromatis elected new KEVE president

Nicosia businessman Manthos Mavrommatis was elected President of the Cyprus Chamber of Commerce and Industry (KEVE) on Monday afternoon, during the association’s annual general meeting. Mavrommatis, who headed the Nicosia Chamber of

Latest economic indicators

Trade deficit up 4.7% The trade deficit during the first ten months of the year increased by 4.7% year-on-year to CYP 1.79 bln as imports staged a rebound, while export growth remained

Invasion of the Greeks

Cyprus companies being snapped up by Greek investors Greek investors are taking Cyprus by a storm, snapping up companies from the services, technology and now the manufacturing sectors, making Greece the biggest

All but two parties to back budget

Parliamentarians continued discussion of the state budget for 2006 on Tuesday, with the Chairman of the Finance Committee Aristos Chrisostomou indicating that the House committee will approve the budget for 2006 in

Cyprus in Turkey’s EU list of short-term priorities

The General Affairs Council adopted in Brussels the European Commission proposal for the revised EU-Turkey relations. Cyprus was represented by Foreign Minister George Iacovou. According to Iacovou, the text approved maintains in