Cyprus Airways announced its third weekly direct flight to Yerevan, Armenia, from Larnaca in September. Starting on September 13, the added frequency will continue increasing capacity on the route following its successful launch late last month. As a result, fares to Yerevan will start from €149. The airline announced it would increase frequencies on its
More
Cancer patients vindicated in their case against Astrasol, the shoe sole manufacturers they sued over toxic cancerous gas emissions, are waiting for the Supreme Court to decide their appeals submitted in March. Sufferers sued Astrasol, in Latsia, Nicosia, in 2017, in what might be the only case globally where a court accepted the substance Dichloromethane
More
Bank of Cyprus has rejected a triple takeover bid by Texas-based investment fund Lone Star, with the last offer valuing the deal at €727.25 mln, almost 50% above the bank’s current market cap of €496.25 mln. The bank admitted Friday that three bids had been submitted by LSF XI Investments LLC (‘Lone Star’) between May 5
More
Cyprus’ European success story is not over, with one step away from at least two teams entering the group stages of the Europa League after Omonia Nicosia and AEK Larnaca pulled off a surprise away wins in the playoffs. Omonia Nicosia beat Belgian side KAA Gent 2-0 away, while AEK secured a 2-1 win over
More
The first half of 2022 has been a half to forget for AIFM. It was the worst half of the year for the S&P 500 index since 1970, and there was nowhere else to hide for investors as the Bloomberg US Aggregate bond index fell by more than 10% in the same period. Several macro
More
A Cyprus-based online trading firm will flash on the advertising boards at the home of one of Europe’s most successful football clubs — German champions FC Bayern Munich. The Limassol online trading platform Libertex is sponsoring the six times winners of the Champions League Bayern as one of the club’s main sponsors. Libertex, one of
More
Students and teachers must return to class with negative tests and masks, said the Health Ministry on Friday, announcing the government’s draft roadmap to opening schools in September. Health Minister Michalis Hadjipantela said, following a meeting with government advisors on handling the coronavirus outbreak, everyone returning to school will need a 48-hour negative COVID-19 test.
More
The government is adamant about introducing a national minimum wage despite a deepening gap between unions and employers over the terms. Reportedly, Labour Minister Kyriacos Koushos has sent an ultimatum to social partners that the minimum wage will be introduced by decree if an agreement is not reached. This follows several attempts by the ministry
More
By Craig Erlam Asia has ended the week in negative territory, while Europe and the US may be on course to end their winning streaks amid choppy trade. August can often be an odd time for the markets, with summer holidays often leading to reduced activity and interest. Of course, these days a quiet week
More
Cypriots are thirsty for holidays after more than two years of COVID lockdowns and travel restrictions, with outbound traffic at the airports close to that of 2019. According to data released by the Statistical Services, 134,198 Cyprus residents travelled abroad in July, compared to 62,961 in July 2021, marking a spike of 113.1%. In relation
More
