Travellers to the UK can now save more than €100 during the course of a two-night weekend break, compared to 12 months ago. As the Euro has gained strength against the pound, the British tourist industry is experiencing increased demand from European visitors attracted by the buzzing culture, fantastic shopping and world famous attractions of
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PricewaterhouseCoopers Cyprus has received three new awards for its tax services, human capital management and corporate social responsibility/environment initiatives. The firm, considered the biggest accounting and audit company in Cyprus, has received the “Investor in People” international accreditation in human capital management for the motivation and development among its staff that is reflected in the
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Τhe enhancement of safety, security and efficiency of maritime traffic as well as the prevention of pollution of the eastern Mediterranean Sea are among the main concerns of the Ministry of Communication and Works, Minister Nicos Nicolaides has stressed. In his speech, read by the Director of the Department of Merchant Shipping Serghios Serghiou, at
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The Cyprus Shipping Chamber organised a gala dinner at the Hilton Park Hotel in Nicosia last week to celebrate its 20th anniversary, initially established as the Cyprus Shipping Council. In his address at the event, House President Marios Garoyian stressed the Chamber’s contribution for the promotion of Cyprus shipping and the further upgrade of the
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January’s rainfall was only 78% of the month’s average over previous years, with the highest amount recorded at the Stavros tis Psokas forest station, followed by Prodromos and Platania villages, as well as Larnaca airport. But the data, recorded two days short of the month’s close, showed that the monthly average rainfall ranged between 35%
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Bank of Cyprus is to offer up to EUR 1.5 bln in soft loans and simplified loan arrangements as part of its efforts to boost the economy, Group CEO Andreas Eliades said in announcing a package of five measures that will help the real estate/ construction sector, tourism and small to medium sized companies. The
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The Nicosia Chamber of Commerce and Industry (EVEL) wants to see the capital regain its crown as the primary venue for conferences on the island, calling on the government to revive the International Conference Centre in Aglandjia and develop the abandoned Philoxenia into a 5-star hotel. Chamber president Christodoulos Angastiniotis said that the site should
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President Demetris Christofias announced a new stimulus package worth EUR 300 mln on Tuesday to accelerate the growth rate of the local economy and to maintain unemployment at low levels. The government has earmarked about EUR 51 mln for the tourism sector and EUR 245 mln will go to help the struggling construction sector. Speaking
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The Democratic-led U.S. Senate will try again on Friday to pass a $937 billion stimulus package aimed at boosting the battered economy as some of the worst unemployment data in decades boosted political pressure for a deal. Moderate lawmakers from both parties were due to resume negotiations seeking to find compromises on stimulus spending that
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Companies in England and Wales went bust at the fastest rate since 1991 late last year as Britain plunged into recession, and experts predict a domino effect of business failures for 2009. Some 4,525 businesses hit the wall in the last three months of 2008, 54 percent more than last year and the biggest annual
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