On July 1, 50 free shares were allocated to each AXA employees worldwide. More than 100, 000 AXA Group employees in 54 countries, will become shareholders and – depending on the country – will own the shares after two years (with a two year holding period) or after four years (without a holding period), providing
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A body believed to be of a senior U.S. diplomat reported missing in Cyprus from last Thursday, was found early Monday in an area west of the capital Nicosia close to the loosely-patrolled border with the Turkish-occupied areas. Defence Attache Thomas Mooney, 45, held the rank of Lieutenant-Colonel and was on his second tour of
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Cyprus tennis star Markos Baghdatis, ranked 16th in the world and Argentine ace David Nalbandian (25) will clash in their Wilbledon tournament qualifying game at 1pm Cyprus time on Monday. The game, crucial for either player to qualify to the next round and retain or improve their world rankings, was postponed from Sunday’s bout due
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Agriculture Minister Photis Photiou said the cause of the fires that ravaged through the Troodos mountains on Friday destroying some 20 square kilometres of woodland and holiday homes, was probably caused by cables of the Electricity Authority of Cyprus, something which the public utility denied at first. He said that at least two other recent
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The Commission launches today a public consultation to help strengthen the global position of Europe‘s Information and Communication Technology (ICT) industries by ensuring access to global markets. The consultation will run until 17 September 2007 and is open to all stakeholders, including industries, research community and consumer organisations. The Commission seeks to capture stakeholder views
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This summer Europe’s consumers will be able to take advantage of cheaper roaming rates as the EU Roaming Regulation entered into force across the EU on 30 June. The Regulation effectively means families and companies can benefit from a ‘Eurotariff’ that sets a maximum per minute limit for calls made (€0.49 excl. VAT) and received
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According to the European Commission’s latest Internal Market Scoreboard, on average 1.6% of Internal Market Directives for which the implementation deadline has passed are not currently written into national law, up from the best-ever result of 1.2% in January 2007. This means that the average deficit remains above the new 1% interim target agreed by
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Woolworth Cyprus Properties (FWW) announced that its subsidiary company ITTL Trade Tourist and Leisure Park Ltd submitted a tender to Loizos Iordanou Ltd for the construction of two additional buildings for commercial use of a total area of 10,000 m2 at the Shacolas Emporium Park in Nicosia. The contract price stands at CYP 11.6 mln
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Overall tourism arrivals may be falling in Cyprus, but data on expenditure per tourist show a small silver lining, with rising expenditure per head. Average tourist expenditure per capita rose to CYP 382.3 (EUR 654.8) in April 2007, from CYP 360.5 in April 2006, marking a rise of 6.1%. This was much faster than the
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The unemployment rate in Cyprus dropped sharply in the first quarter of 2007 compared with the same period of 2006, according to the quarterly Labour Force Survey. The number of unemployed reached 18,808 (males 8,933 and females 9,875) in the first quarter of 2007, compared with 21,993 in the first quarter of 2006. The unemployment
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