Business - Page 2252

The Industrial Output Price Index reached 114.2 units in January 2005, using a base of 2000=100. Although the month-on-month increase was mild, at just 0.4% compared with December 2004, the year-on-year increase

Majority state-owned airline Cyprus Airways (CAIR) announced net losses after of CYP 33.5 mln in 2004, a 160% increase on the losses of CYP 20.9 mln recorded in 2003. The huge losses

The majority shareholder of Quantum Corp. (GLO), Athanassios Ktorides announced the intention to submit a public takeover bid, seeking 100% control of the company, offering shareholders CYP 250 per share in cash.

Most of the flights of national carrier Cyprus Airways flights were grounded Tuesday when cabin crew went on indefinite strike after layoffs were announced a day earlier. Passengers were delayed by several