Cyprus has marked in a novel way its participation in celebrations to commemorate ten years since the establishment of the International Court of the Law of the Sea. The Republic’s Ambassador to Germany, Leonidas Markides, handed to the Court, based in Hambourg, a replica of the Kyrenia ship, as a sign of respect and appreciation

Former Head of Cyprus Department of Civil Aviation DCA) Flight Operation Division Stelios Andronikou claimed today that those responsible for the administration of the Department did not give all the support they should to employees, to complete their training within a short period of time. Testifying today before the Commission of Inquiry into the causes

Industrial output fell by 1.0% in July 2006 compared with the same month of 2005, with the indexing reaching 121.8 (Base 2000=100). For the period January-July 2006 the industrial production index recorded a decrease of 0.6% compared to the same period of the previous year. Within the overall category of industry, manufacturing production fell by

Cyprus remains a micro enterprise economy, according to the Statistical Service’s preliminary results of the Census of Enterprises which was carried out in 2005. According to the main findings, the size of the Cypriot enterprises remains very small with only 4.7 persons employed on average per enterprise. Moreover, 60% of the enterprises employ only one

Bank of Cyprus and the Postal Savings Bank are seen as the prime candidates to be proposed for entry into the ASE/FTSE 20 index when the ASE/FTSE semi-annual revision takes place in the last week of October. The constituent reviews will be based on data collected on Friday September 29, 2006. Constituent changes will be

The IKEA Cyprus store, which is expected to open up for business by June 2007 is expected to generate annual sales of between EUR 40-50 mln, according to the head of the Greek franchise owner, Fourlis. The CEO of the company Vassilis Fourlis told Reuters in an interview that the company is expecting EUR 200