The Sovereign Base Areas (SBA) Administration announced that it is granting an amnesty of two weeks for people to return bathers buoys to them, or replace them to their original locations along the coastal areas controlled by the British forces. “During previous summer seasons, hundreds of SBA Sea Bathers Buoys went missing from the beaches
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Construction tycoon George Paraskevaides received Golden Order of Saint Barnabas, founder of the Church of Cyprus, almost six years after the Holy Synod’s unanimous decision to honour the co-founder of J&P and benefactor to many causes. Archbishop Chrysostomos II said that the decision to honour George Paraskevaides was taken on August 2, 2001, but was
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It would seem that the management of the National Bank of Greece (Cyprus) and their bosses in Athens have finally decided to stand up to the bullying tactics of the bank employees union, ETYK, who kicked up a strike in objection to recent hirings. The union leaders sabotaged the bank by forcing the NBG Cyprus
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The Association of Chartered Certified Accountants (ACCA) has won its fourth Queen’s Award for Enterprise, this time in the category of International Trade in recognition of its significant achievements in global business. The Queen’s Award for Enterprise is the UK’s most influential annual accolade for business success and allows winning companies to use the coveted
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The Monthly Portfolio Tracker compiled by John O’Donoghue, Consultant Adviser at Caratfin Ltd., Nicosia has doubled its money since inception on September 1, 2003, from USD 250,000 to over USD 502,000 in less than four years. The Diversified Portfolio was launched with Cyprus’ accession to the EU in mind, as an introduction to a different
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— USB insiders sell shares – Aspis buys, as Christophi calls on Georghiou to sell UL stake in USB  The battle for control of Universal Bank (USB) took a new turn as company insiders have been selling hundreds of thousands of shares leading the bank’s main suitor, Aspis, to call on the major stake
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Marfin Popular Bank reported a 147% YoY increase in net profit to EUR 170.3 mln, with recurring profits up 75.4% to EUR 126 mln. The Bank increased its 2007 earnings guidance from EUR 360 mln to EUR 420 mln. Group net earnings (before minorities) reached EUR176 mln (CYP102.3m) in 1Q07 vs. EUR36 mln (CYP20.9m) (as
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Moody’s Investors Service says the recent political turbulence in Turkey is not likely to fundamentally derail the country’s current ratings nor its ongoing progress towards economic and political modernization, although considerable uncertainty remains about how the situation will play out. “Despite tensions over the selection of the next president due to the military’s objections to
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The unemployed persons, registered at the District Labour Offices on the last day of April 2007, reached 11,419 persons compared to 12,986 persons in March 2007, a decrease of 1,567 persons. The decrease was mainly recorded in the sectors of hotels and restaurants, transport and trade. In comparison with April 2006 unemployment remained at the
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According the Statistical Service, 79,452 residents of Cyprus returned from a trip abroad in March 2007 compared to 63,280 in the corresponding month last year recording an increase of 25.6%. In March 2007 there was an increase of 43.0% on the trips of residents to Greece (from 24,080 in March 2006 to 34,442 in March
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