G&K Exclusive Fashions (EXF) reported lower sales and profits as it was forced to slash margins in order to maintain clients and move apparel in a highly competitive environment with Far Eastern players seen playing havoc with future profits. The company admitted that it had to cut prices in order to maintain Marks & Spencer

Most expensive in the EU Mercedes, Opel, Citroen, Renault the cheapest Three Volvo models, two SEAT models and one Alfa Romeo model in Cyprus are the most expensive in the EU, with some prices at more than CYP 10,000 above the cheapest EU prices, according to data publshed by the European Commission’s competition division. The

Supermarkets in Cyprus are bracing for a trade war with heavy discounter Lidl expected to enter the market in early 2006, with the first store probably opening in Limassol’s busy Omonoia area already dubbed the ‘Bermuda Triangle’ of retailers. This follows Carrefour-Marinopoulos’ recent takeover of the Chris Cash & Carry chain that is already planning

Arab Bank and the bank employees union, ETYK announced that they have agreed the mediation proposal put forward by the mediator of the Ministry of Labour to settle their differences through arbitration, which will start from Thursday, August 4. The labour dispute between Arab Bank and the Bank Employees Union, ETYK refers to the redundancy