Savvides takes helm at CAIR

The Council of Ministers appointed the chairman and vice chairman of the Board of Directors of Cyprus Airways as well as two new members. The new Chairman is Lazaros Savvides, current Permanent

Cyprus Airways Chairman resigns

Constantinos Loizides, Chairman of the Board of Directors of Cyprus Airways, resigned his post on Wednesday night, ending weeks of speculation on when he would tender in his resignation in the face

Non-performing loans weigh on Bank results

As the island’s three largest banks scored a massive improvement in their core profits during 2004, with Bank of Cyprus and Laiki reporting a spectacular improvement in net profits, the high level