European stock index futures rose 1% and the euro held near a 1-month high on Monday after France and Germany said over the weekend they were making good progress on a plan to resolve the euro zone's debt crisis and recapitalise its banks. Asian share markets also rose, helped by positive earnings and better-than-expected retail
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Carlsberg continues to be the best selling beer in Cyprus, although smaller brands are gradually eroding its lead, while rival KEO is the household name when it comes to wine sales. According to the latest industry survey by IWSR Storechecks, Carlsberg, brewed locally by Ph. Photiades, was still in the lead in 2010 with a
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1-2 more aim for Emerging Market PC Splash Water Ltd, the vessel through which Pantelis Constantinou hopes to raise his stake in Pancyprian Bakeries from 28% to a controlling 51% by the end of the year, was listed on the Cyprus Stock Exchange on Monday. “Mr Pokka”, as Constantinou is widely known from the distribution
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The Stelios Philanthropic Foundation announced that it will offer the "Stelios Award for Business Co-operation in Cyprus" for the third consecutive year. The award aims to promotes islandwide, bicommunal business cooperation between Turkish Cypriot and Greek Cypriot entrepreneurs by giving promising ventures the funding boost they need to grow. Up to five awards of 50,000
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Tour operator Jet2holidays and leisure airline Jet2.com operating from the north of England plan to increase their business to Cyprus next summer. Jet2.com, departing from Leeds, Manchester, Newcastle, East Midlands and Glasgow, will resume its summer operations on April 1, 2012 and continue to the end of November. In 2011 the airline increased its capacity
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The Electricity Authority of Cyprus wants to be free to buy liquid natural gas (LNG) even before offshore exploration south of the island produce any results. Chairman Haris Thrassou said that the EAC is ready to use LNG now, just as it had said it was ready to do since 2000. He added that the
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Avraham Israeli, specialist in water and environmental technologies, was the main speaker at a joint presentation organised by the Embassy of Israel, the Cyprus-Israel Business Association and the Cyprus Chamber of Commerce and Industry, where he reviewed the water, environmental and renewable energy sectors of Israel and presented some of the innovative solutions Israeli companies
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. Hotel prices have experienced pronounced volatility as a result of political turmoil and natural disasters in the first half of 2011, according to the latest Hotels.com Hotel Price Index (HPI). The average price of a room around the world rose by just 3% in the first six months of the year but this masked
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. BY GEORGE MOUSKIDES We have already analysed the ‘rent to buy’ financing method for properties in the past, but in times like the ones we are experiencing now, it is good to think about alternative solutions for problems that we face or about issues that we want to address. One issue that is certainly
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The European Central Bank's outgoing president laid the onus firmly on governments to resolve the debt crisis on Friday, saying the bank had done "all it could", although analysts said the door was still open to a cut in interest rates this year. At a time when the Bank of England and the Federal Reserve
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