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Business - Page 180

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CYPRUS: Labour integration for refugees beneficial for society

Labour integration for refugees in Cyprus is extremely beneficial with enormous advantages for society and the economy, officials told an event in Nicosia. The event was organized by the United Nations High

11th June 2019
Business

CYPRUS: Credit card transactions up 8% in May to EUR 270 mln

An upward trend in credit card transactions continued during May with an 8% increase, reflecting the recovery in consumption, while tax and other online payments to the state played a significant part

11th June 2019
Business

CYPRUS: William Baldwin stars in film being shot on location in Limassol

A Hollywood film being shot on location in Limassol, with actor William Baldwin heading a talented cast in the big budget production, is another feather in the cap for Cyprus’ Olivewood brand.

11th June 2019
Business

CYPRUS: New Car sales drop 12.5% in first five months

Total car sales observed a drop of 8.6% year-on-year in the five-month period of January – May, declining to 19,682 from 21,526 in the same period of 2018.  According to official data,

11th June 2019
Business

CYPRUS: Trade gap widens as exports decline in Q1

Cyprus’ annual trade deficit widened appreciably in the first three months of the year rising by €360.7 mln on the back of declining exports. Official data shows that the trade deficit was

10th June 2019
Business

TRAVEL: Eyewatering Cyprus airfares for Greek summer getaways

Cypriot holidaymakers planning a summer getaway will have to dig deep into their pockets just to get off the ground. Holidaymakers flying to any destination are expected to dish out a significant

10th June 2019
Business

TRAVEL: Cyprus Airways launches flights from Larnaca to Bratislava

Cyprus Airways has begun operating flights from Larnaca to Bratislava in Slovakia on a twice weekly basis, every Saturday and Tuesday. In addition to Bratislava, the company will also launch flights to

10th June 2019
Business

CYPRUS: MPs and consumers claim pump price manipulation by companies

Petrol companies are accused of price manipulation as Cypriot motorists see fuel prices follow an upward trend despite a reduction in consumer tax. Continuous increases in pump prices have been recorded over

9th June 2019
Business

CYPRUS: Vassiliko cement building on construction boom

Riding on the Cyprus construction boom of recent years, Vassiliko Cement Works has seen its cement sales to local industry increase by 17% in 2018, continuing a steady but upward 4-year trend.

8th June 2019
Business

ECONOMY: French takeover of CNP Cyprus will invigorate insurance sector

French giant CNP Assurance has bought out the remaining 49.9% stake in local insurers CNP Asfalistiki and CNP Cyprialife from Bank of Cyprus, having paid €97.5 mln for the company the Cypriot

7th June 2019
Business
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