More than one in ten Cypriots over the age of 65 is actively employed, and that proportion is rising, according to the latest Labour Force Survey. The Labour Force Survey is taken every quarter using a sample of around 10,000 households. Results reveal that 11% of the over-65s, or 9,512 people, are in employment, although
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Logicom Pcl (LOG) reported a 15.7% increase in total sales in the first half on the back of a sharp increase in overseas sales while net profits surged 32.4% during the period as the company managed to improve its margins. Total turnover improved by 15.7% to CYP 50.06 mln in the first half of 2005
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The Greek Civil Aviation Authority refuted leaked reports emerging from the Cyprus Civil Aviation authorities dumping all blame and responsibility for the crash of the Helios flight last Sunday on the Greek side. Unofficial reports said that the Cyprus Civil Aviation had been reported to be suggesting that most of the blame leading to the
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Over the last few years, the European Commission has made considerable progress in its regulatory activities in the field of aviation safety, with tools put in place to prevent air accidents and incidents. This action is designed to replace an intergovernmental system of international standards implemented by each Member State with a system of binding
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Helios Airways announced that it is canceling its Athens and Prague flights effective from August 26, citing lack of planes to service the routes. Helios said all passengers who had purchased tickets from travel airlines should ask for refunds from the travel agents while all those who purchased tickets directly should ask for refunds from
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Bank of Cyprus shares trading in Greece touched an all-time high last reached in August 9 at EUR 3.42 or CYP 1.96, bucking the declining trend on the Greek main market and ahead of the release of the first half results on Friday. BOC shares rallied 1.8% on Tuesday in Greece on 788.000 shares volume
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