CAIR staff win concessions

Offered incentives to go Cyprus Airways staff were presented with a take-it-or-leave-it deal from the government on the future of the company, but early indications suggest that the rescue plan is still

Tourism growth at 5% in 2006

Airlines agree to merge fuel surcharge into ticket prices Agent commissions may be replaced with CYP 5 ‘service charge’ Tourism arrivals in 2006 are seen increasing by 5% in addition to the

Telecom Regulator lashes out at CyTA

Telecoms Regulator Vassos Pyrgos told the House Finance Committee that despite liberalisation, CyTA still holds a massive 93.5% of the mobile market, 97% of fixed line telephony and 94% of Internet customers.

Fraudster arrested in Cyprus, sentenced in US

A former Seattle resident who pleaded guilty to defrauding the U.S. government, banks, businesses and Internet auction customers of $1.1 mln before fleeing to Greece was sentenced on Monday to 7 1/2

How ethical is Cypriot business?

More governance legislation on the way? You are on the Board of Directors of a Cypriot company and the company is looking to subcontract the cleaning. How many of you would set

Laiki rights at CYP 1.20

The Board of Directors of the Cyprus Popular Bank Public Co. Ltd. decided to proceed with a Rights issue in the ratio of one right for every six shares at the exercise

BOC raises CYP 109 mln from rights issue

Bank of Cyprus Public Company Ltd announced the successful completion of its share capital increase with the issue of a total of 77.902.232 shares and proceeds to the Bank of CYP 109.063.125

China economy much bigger than thought

Set to surpass UK and France in 2005 A revision to the way national statistics are calculated has led to a massive upward revision to China’s gross domestic product (GDP) figures and