At least 150 Cooperative Credit Societies from the 348 operating island-wide are seen merging and forming new larger groups or being absorbed by larger Coops as they rush to meet with new EU Directives and regulations. There have been a number of mergers in recent months, with the total number of Coops now at 348

A record number of up to 3000 Cypriots are expected to travel to Istanbul, making the city as the fastest growing destination for Cypriot tourists, according to Akis Kelepeshis, the Chairman of the Association of Cypriot Travel Agents. The launch of new organised excursions to Istanbul and very reasonable fares combined with the eagerness by

The official sales period starts from Monday, July 18 and will continue until August 27, according to an official announcement issued by the Ministry of Industry and Trade. According to the law, the sales season refers only to retail outlets selling clothing, footwear, household equipment and furniture. The Ministry called on retailers to observe the

The continuing strike by “A” Class truck drivers, now in its third day is set to bring the vibrant construction industry to a stop, due to lack of raw materials such as cement, steel, aluminium and other necessities. Following intensive consultations between the Construction Industry Employers and the PEO and SEK trade unions, it was

But may pick up again Data on output in the construction sector show a slowdown in the first quarter of 2005, with total value added output rising by just 1.9% compared with the year-earlier period in the first quarter of 2005, its slowest rate of growth for 11 quarters. By contrast, output in the fourth