Cyprus growth satisfactory

The Cyprus economy recorded a satisfactory growth in 2006 despite the increase in oil prices, according to the Ministry of Finance (MoF). A Ministry report pointed out that GDP growth rate in

Liberty acquires Aspis

The Board of Directors of Liberty Life Insurance Pcl (LIB) approved the final proposal towards the shareholders of Aspis Pronoia Cyprus Insurance Company Ltd for the acquisition of 100% of the Company.

Stelios seeks Cyprus partners for easyHotel

Low-cost travel and cheap franchise pioneer Stelios Haji-Ioannou is looking for business partners to expand his easyHotel.com brand to Cyprus and 17-18 local hoteliers have already shown interest in the franchise. The

ECB set to hike in December

The European Central Bank (ECB) has voted to keep eurozone interest rates on hold at 3.25% for November, a decision that was widely expected but is widely expected to raise rates by

New era begins at Laiki

Shareholders support Vgenopoulos   A new era begins today for Laiki Bank following the overwhelming and unanimous vote of approval by shareholders on Tuesday that paved the way for the island’s largest

130,000 foreign workers in Cyprus

There are a total of 130,000 foreign workers in Cyprus, of whom 40,000 are Europeans and 70,000 are from third countries. This number is expected to rise with the accession to the