The government is considering a CYP 60 mln bail-out for troubled national carrier Cyprus Airways and is seeking European Commisison for such state aid. Communications Minister Harris Thrasou met CAIR unions on Saturday along with the Finance Minister Makis Keravnos. The two ministers hope to grant a CYP 30 mln ‘rescue plan’ loan, followed by
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A teenager arrested on Friday has confessed to murdering the elderly British couple who were living in northern Cyprus. The bodies of Anne and Reece Mahony, aged 63 and 71, were discovered on Friday morning outside their villa. The couple’s cleaner is said to have found the bodies several days after the murder. The Turkish
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Discussions at the Highway Communications seminar last Thursday on “Trends in Global Corporate Governance: An Economic Perspective” highlighted some of the peculiarities of corporate governance in Cyprus, such as large family ownership and the very low pay of non-executive directors. In a later interview, Costas Hadjimarkos, Louis Group Secretary to the Board of Directors and
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The CSE Council approved the public offer made by Gerik Investments Ltd, a subsidiary of A. Panayides Contracting Pcl, for the acquisition of part of the share capital of PHA not controlled by its associated parties. The associated parties and other parties related to them control 56.53% of PHA’s share capital. The consideration is comprised
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STOXX Ltd., the leading European index provider, announced that it will launch the first pan-European select dividend indexes. The indexes, the Dow Jones STOXX Select Dividend Index – covering Europe – and the Dow Jones EURO STOXX Select Dividend Index – covering the Eurozone – track high-dividend- paying stocks. The launch of the new indexes
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