Business - Page 2143

Michalakis Sarris has been appointed to the post of Finance Minister, to replace Makis Keravnos who resigned to take up a senior post at the Hellenic Bank. An official statement said that

Asia-Pacific consumers believe smart cards offering new payment options, greater security and more convenience will revolutionize the way people pay. About 73% of the residents in the survey commissioned by Visa Asia

Andreou & Paraskevaides (APE), the local bottlers of Pepsi, Seven Up and fruit juice distributors reported unchanged net profits during the first half of 2005 on flat growth in turnover. Revenues remained

Cyprus Airways, the troubled national airline is operating on a going concern basis, since the cumulative losses piled up over recent years, including the first half of 2005 have forced the Group’s

…as Bankers Chairman resigns The island’s banks have offered to renew the collective labour agreement for the next three years with a 2% pay increase, similar to the collective labour deal reached

Laiki Bank Group (CPB) reported a highly satisfactory increase in first half profits, which surged 63.2% year-on-year to CYP 18.12 mln from CYP 11.1 mln a year ago, with the return on

BNP Paribas (Cyprus) Ltd., the successor of the French BNPI’s operations on the island, will be staying on after all, following wild rumours last May that the bank had relieved its second