Cabinet to extend retirement age to 63

The Council of Ministers adopted Wednesday a proposal submitted by the Ministry of Finance to extend the retirement ceiling for civil servants to the 63rd year of age. Speaking after the cabinet

Galanos resigns from Hellenic Bank

Panos Galanos, Executive Chairman of the Hellenic Bank Group submitted his resignation from the Board and from his executive duties following a show-down with the Church. Hellenic Bank announced that Galanos will

Woolworth reports lower profits

F.W. Woolworth Cyprus Ltd. (FWW) announced its first quarter results recording a net profit of CYP 575.000, representing a decline of 33.9% year-on-year compared to a year ago. Earnings per share fell

Tsokkos losses increase

A. Tsokkos Hotels (TSH) released its first quarter results posting a 30.4% year-on-year decrease in revenues to CYP 1.13 mln, primarily due to lower revenues received from local operations as fewer hotel

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