Cyprus hotels appear to be back-tracking over a last-minute compromise proposal tabled by the Minister of Labour to avert strike action in the tourism sector. Hoteliers and unions had reportedly come to a last-ditch pay deal after a record 34-hour negotiations navigated by Labour Minister Zeta Emilianidou. However, according to sources quoted by Stockwatch, Cyprus
More
Cyprus Airways has appointed BBT Air – Aviation Services as its General Sales Agent (GSA) in Greece. BBT Air will be responsible for the airline’s sales and development of the Greek market. Cyprus Airways operates 10 weekly flights to Athens, 4 weekly flights to Thessaloniki, 2 weekly flights to Heraklion and Rhodes. Cyprus Airways chief
More
By Hussein Sayed, Chief Market Strategist at FXTM This week was supposed to focus on monetary policy decisions from the US, UK, Japanese and Swiss central banks, Brexit negotiations and developments in US-China trade talks. However, the weekend’s drone attacks on Saudi Arabia’s critical crude processing plant have now taken the spotlight. Such an event
More
Contrary to popular belief the bus does have a place in Cyprus’ public transport system, with the country coming second in the EU for passengers using buses. For travelling by bus Hungary (21.1%) had the highest proportion of passenger-kilometres, followed by Cyprus (19%) and Malta (17.5%). Needless to say, car is the dominant form of
More
A Greek Cypriot mother and daughter arrested by Turkish Cypriot authorities after taking photos of the family home in Morphou they were forced to abandon during the Turkish invasion have been released. They were released from custody on Monday after being charged with tresapssing on a premises inside a military area. Their mobile phones were
More
. We are almost reaching full employment, with the registered unemployed being around 6% (out of this number at least 30% are actually employed as black labour i.e. paid with cash no receipts while declaring themselves unemployed). At the same time the building industry is on the up, not only because of the towers
More
. It is argued that a society should be judged on the way it treats animals when others will counter, it is how we care for the most vulnerable among us that conveys our true character. Surveying the evidence, Cyprus doesn’t appear to have the best reputation on both counts, found wanting when it comes
More
Cyprus businesses are preparing for a hard Brexit in light of developments in the UK, with London adamant on leading Britain through the European Union exit door by 31 October with or without a deal. Particularly concerned about the effects on tourism, business associations, experts and hotels are preparing to face any scenarios that may
More
. A new initiative, #EconomicDiplomaCY, is underway at the Foreign Ministry, led by open-minded individuals seeking alternative ways to promote Cyprus’ best interests and cultivate an out-of-the-box approach to often outdated norms. With the Republic of Cyprus having a threadbare arsenal of foreign policy weaponware to capture international public opinion, it has been an uphill
More
Relatively small Astrobank’s agreement in principle to acquire the National Bank of Greece (Cyprus), signals that the country’s banking system is weathering a consolidation process, say experts. Following the collapse of Laiki Bank in 2013 and the demise of the Co-op last year with its sale to Hellenic Bank, the Cyprus banking system has shrunk
More