Michalakis Sarris has been appointed to the post of Finance Minister, to replace Makis Keravnos who resigned to take up a senior post at the Hellenic Bank. An official statement said that ‘President of the Republic Tassos Papadopoulos, acting in accordance with the authority vested in him by the Constitution, appointed Michalakis Sarris to the
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Turkish Cypriots spend about CYP 70,000 per day in the government-controlled areas, while Greek Cypriots spend around CYp 65,000, according to new research. The research is based on a survey carried out by Cyprus College in association with the Central Bank of Cyprus. The research found that an estimated 6,000 Turkish Cypriots cross the checkpoints
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The UN Peace-Keeping Force in Cyprus (UNFICYP) has announced that effective 12.30 August 31, following agreement by the two sides, the Astromeritis-Zodhia crossing point will open. UNFICYP also announced certain temporary arrangements to facilitate crossings, including opening hours and speed limit. A press release said that crossing will be open to vehicular traffic between 06.00
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Greek investigators are expected to arrive in Cyprus late Tuesday to conclude the final part of their probe into the Cypriot airline that crashed near Athens a fortnight ago killing all 121 on board. The people of Cyprus are still recovering from the tragic shock that wiped out complete families, when the last of the
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Α report on the cause of an Helios air crash earlier this month, that killed all 121 people on board, will be ready in six months’ time, if all goes to plan, Akrivos Tsolakis, Head of the Greek Investigating Commission on Air Accidents and Incidents said here tonight, as he arrived on the island to
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Asia-Pacific consumers believe smart cards offering new payment options, greater security and more convenience will revolutionize the way people pay. About 73% of the residents in the survey commissioned by Visa Asia Pacific predict smart cards, also known as chip cards as they cary an embedded microchip, will become an important part of everyday life.
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Andreou & Paraskevaides (APE), the local bottlers of Pepsi, Seven Up and fruit juice distributors reported unchanged net profits during the first half of 2005 on flat growth in turnover. Revenues remained almost flat at CYP 9.85 mln from CYP 9.8 mln a year ago with gross profit at CYP 4.2 mln, up by 1.5%
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