Satellite Service Provider "NOORSAT" and "Iris", a subsidiary of Cyprus Telecommunications Authority (Cyta), announced Sunday their agreement for the migration of NOORSAT’s operations to Makarios Teleport in Cyprus. According to the announcement, NOORSAT`s main facilities will be established at Makarios Teleport in Cyprus, a site that has been offering reliable solutions for satellite services for

Employees at the public sector and the broader public sector go on strike on Friday, September 19, to protest recent statements made by Minister of Finance Harris Georgiades, regarding further cuts in salaries and the taxation of a one off bonus allocated to public sector employees upon their retirement. The trade union of public sector

Cyprus Stock Exchange announced on Monday it approved to introduce to the Stock Exchange 151,065,200 ordinary shares of Hellenic Bank, which emerged following mandatory conversion of the company Convertible Bonds. These shares will be incorporated in the company`s share capital which will reach to 3,698,557,061 ordinary shares worth €0.01 each. Due to the conversion the

The public employees trade union (PASYDY) decision making body, the General Council, approved on Monday a proposal for a 24-hour strike in the public service on Friday. The strike has been called to protest recent statements made by Minister of Finance Harris Georgiades regarding further cuts in salaries and the taxation of a one off

Cyprus trade deficit for the first six months of the year stood at €1.6 billion, recording an annual increase of €100 million, Eurostat data released on Monday show. According to the data, in the first six months of 2014 Cyprus` exports came to €700 million, down by 6% while imports reached €2.4 billion, up by

Cyprus economic reconstruction is progressing ahead of schedule, and this has been recognised by the partners of Cyprus, Denmark’s new Ambassador to Cyprus, stationed in Athens, Mette Knudsen has said, adding that this has also allowed Cyprus to return to the international financial markets much earlier than expected and demonstrates the determination of both the

Work continues at the Turkish occupied Monastery of Apostolos Andreas, Greek Cypriot head of the Technical Committee on Cultural Heritage Takis Hadjidemetriou has told CNA. The first phase of the restoration work is underway and as Hadjidemetriou said, during a meeting of the Technical Committee today, it was decided that when the substantial work of

German Minister of State for Europe in the Federal Foreign Office Michael Roth will be visiting Cyprus from September 17 to 19. During his stay, Roth will be received by President of the Republic of Cyprus Nicos Anastasiades and will hold meetings with the negotiators of the two sides for the Cyprus problem, Andreas Mavroyiannis

Workshop: How to develop an innovative venture UCLan Cyprus, the enterprising British University on the island is fostering entrepreneurship with the Business Idea Competition 2014. The initiative is co-organised by the Centre for Entrepreneurial Development, Alliance and Research (CEDAR) in cooperation with a number of stakeholder organisations active in the promotion of new ventures and

Cypriot company InfoScreen has been named as a National Champion in the European Business Awards, and moves on to represent Cyprus in the second phase of the competition, aiming for the grand final in 2015. The European Business Awards is a prestigious competition now in its 8th year that engaged with over 24,000 business from