Bank of Cyprus renews top brass contracts

The Bank of Cyprus board has decided to renew the employment contracts of its Group CEO, Andreas Eliades, and Group Chief General Manager, Yiannis Kypri, for five more years. The new contracts

New Masters from TEPAK, Harvard in Cyprus

The Cyprus Technological University (TEPAK) and the Harvard University Public Health School have agreed on four master's programmes and new doctorate programmes for the period 2009-2013. The Council of Ministers has approved

Cyta profits rise to EUR 103 mln

The state owned telecoms giant Cyta reported a 7% increase in revenue last year to EUR 484.32 mln compared to EUR 454 mln in 2007, while net profits climbed 27% YoY to

Stelios Award for Cyprus business cooperation

Sir Stelios Haji-Ioannou, the serial entrepreneur and founder of easyGroup, will personally fund awards to promote island-wide, bi-communal business cooperation between Greek Cypriots and Turkish Cypriot entrepreneurs, guests were told at an

Salamis buys new cruise liner for Cyprus

Salamis Tours (Holdings) Public Ltd has bought the cruise ship “Van Gogh” for the sum of $7.5 mln, financed from existing cash reserves without resorting to new borrowing. The purchase is the

Saudis spend $5.9 bln in outbound travel

The most popular traditional destinations for Saudi nationals include London and the USA, while there has also been a surge in interest in nearby destinations such as Egypt, Lebanon, Turkey, Oman, Syria

GE revenue trails estimates

General Electric Co (GE.N) said profit fell by almost half, on a deeper drop in revenue than Wall Street expected, as the slump that has gripped its finance and media businesses took