Business - Page 2188

Cyprus motor vehicle registrations recorded their first rise for three months in May, rising by 1.8% compared with May 2004, to 4,490. Passenger vehicles continued to decline, however, falling by 3.9% year

Andreas Georghiou, CEO of Universal Life Group, has thwarted the second largest takeover deal of the year by exercising an option giving him first right on the Universal Life shares that the

The Cabinet announced the appointment of former Electricity Authority of Cyprus (EAC) director Kikis Ergatoudis to look into the CYP 9.2 mln missing from the authority’s pension fund that were entrusted to

The Council of Minister decided to increase the minimum wage by 5% to CYP 362 (EUR 615) effective from April 1, 2005, with retroactive effect. According to the same source, following a