The Association of Cyprus Travel Agents (ACTA) has decided to sue the airlines for excess charges and threatened that as of November 16, it will cease to collect the excess fees that are dumped on the unsuspecting public. ACTA Chairman Akis Kelepeshis had earlier complained to the Financial Mirror regarding the way the airlines were

Trade still minimal After a plans that date back more than two years, Turkish Cypriot citrus producers finally got the go-ahead to trade citrus fruits across the Green Line under the rules of the EU Green Line Regulation. Citrus fruits had to pass EU phytosanitary tests before they could trade. Government Spokesman Kypros Chrysostomides said

The Cyprus Airways pilots union PASIPY rejected the rescue plan submitted by the Board of Directors aimed at cutting costs, explaining that the plan was inconclusive and did not meet their minimum requirements leading to a complete turnaround. The pilots, who previously said that they have prepared their own rescue plan, which is piling up

JCC Payments Systems, the monopoly entrusted with the task of credit card clearing has been charged by the Competition Committee for violation of articles of the Competitive law, operating in a monopolistic environment which has stifled competition. The Competition Committee’s initial examination indicates that JCC has been overcharging for services rendered to retailers, including charges

The price of Bank of Cyprus shares trading on the Athens Stock Exchange tumbled 2.94% on Monday to end at EUR 4.62 or CYP 2.65, which was six cents below the close of CYP 2.71 on the CSE, despite a positive investment report by UBS. Total volume amounted to 1.7 mln shares for a value