JCC fined, promises to drop charges

JCC Payment Systems (JCC), the bank owned credit card clearing monopoly was charged CYP 373.374.49 by the Price Competition Commission for abusing its dominant position in the market and for overcharging its

Shipping to partake in CO2 trading

The European Commission is expected to include the shipping industry in the carbon dioxide (CO2) emissions trading scheme later this decade, along with other industries. In a speech to the Conference of

No deal on Turkish Cypriot trade and aid

The British Presidency of the referred the two stalled EU regulations for financial assistance to Turkish Cypriots and direct trade to a working group of the Council and the Committee of the

Cost increases burden Zorbas

A. Zorbas & Sons Public Co. Ltd. (ZRP) reported a 7.8% decline in net profit for the first nine months of the year, with results burdened by a sharp increase in labour