Cyprus needs to save €500 mln each year

 — No new taxes, but will stamp out tax evasion — Cyprus Finance Minister Charilaos Stavrakis unveiled a fiscal package aimed at generating savings and additional revenue of EUR 500 mln a

Zapatero visits Cyprus on eve of EU presidency

Spain fully supports the ongoing UN-led negotiations for a solution of the Cyprus problem, said Prime Minister Jose Luis Rodriguez Zapatero, speaking to the press after a meeting on Monday with President

CIC takes over Fiat agency in Cyprus

Cyprus Information Technology, a subsidiary of Cyprus Import Corporation, the authorised agents of Mercedes and Smart cars in Cyprus have proceeded with a takeover of D I Demades & Sons, distributors of

Cyprus Association of Directors gets new board

The Cyprus Association of Directors (CyAD) recently elected its new board headed by Kyriacos Kokkinos (Chairman), with Dinos Kittis elected as Honorary Chairman. The other members of the board are George Georgiades