The Council of Ministers has approved a suggestion made by the Cyprus Stock Exchange Council to slash the transaction tax on stock trading to 0.15% as part of the drive to make the CSE more competitive. Until recently, the tax on stock market transactions was 1% for legal entities and 0.6% for individuals. Now, the

Constantinos Loizides, Chairman of the Board of Directors of Cyprus Airways, resigned his post on Wednesday night, ending weeks of speculation on when he would tender in his resignation in the face of mounting criticism over the handling of the troubled airline. Loizides also resigned his post of vice president, member of the Board of