Ryanair launched a new payment partnership with PayPal, providing customers, business travellers, travel agents and corporate travel departments with even more ways to book and pay for the lowest fares on the Ryanair.com website. Ryanair’s 86m customers now have the option to pay for their Ryanair flights using their PayPal account, ensuring even faster bookings
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Having rejected the idea a month ago, low-cost carrier Ryanair boss Michael O’Leary was back on the island on Friday to submit a comprehensive package that would include buying all or part of the troubled Cyprus Airways, as well as setting up a regional hub at both Paphos and Larnaca airports. Ryanair and Greece’s Aegean
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The ‘clawback period’ for existing shareholders to subscribe to up to 20% of the 1 bln euros worth of new capital increase in Bank of Cyprus has ended with a total of 67 mln submitted, making the balance available to institutionals, according to news reports. After making some 800 mln euros’ worth available to new
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The Troika of international lenders is increasing the pressure to delinquent borrowers through the updated MoU issued following the conclusion of the fifth review of the €10 bln bailout for Cyprus. The lenders’ suggestions come as non-performing loans (NPLs – loans in arrears over 90 days) in the Cyprus banking sector reached €27.5 bln in
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The Nicosia Flight Information Region (FIR) was among the “most constraining” air control centres in 2013, being responsible together with Warsaw, Barcelona and the Canary Islands for 28% of air traffic delays in Europe, an air traffic control report has said. And this, despite the fact that the four centres control only 6.9% of the
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. By Oren Laurent President, Banc De Binary Hong Kong is a remarkable island, a hybrid of East and West, a fashionable city of harbours and high-rise towers. A British colony for over 150 years until China regained sovereignty in 1997, this semi-autonomous region is one of the top three global economic centres alongside London
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The single most important challenge of the pharmaceutical sector in Cyprus is the absence of a health insurance scheme and the resulting lack of a reimbursement system that accounts for the peculiarities of the local market, the World Health Organisation (WHO) said in a report for the pharmaceutical pricing policy in Cyprus. The study said
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The European Banking Authority (EBA) has published the final templates for the 2014 EU-wide stress test that will be conducted on 128 Eurozone banks and will be announced in October. In a statement on its website, EBA said it will be publishing “up to 12,000 data points per bank across the entire EU” that will
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The Cyprus Industrial Turnover Index decreased by 7.3% in May, compared to May 2013, and reached 77.8 units (base 2010=100), the Statistical Service Cystat announced. It said that for the period January – May, the index showed a decrease of 9.9% compared to the corresponding period of the previous year. In manufacturing, the index reached
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The Cyprus government will enter into concrete talks with Cairo over a possible natural gas sale to Egypt after the first results of the exploration activity by ENI-KOGAS in Cypriot offshore blocks 2, 3 and 9, some time later this year, Energy Minister Yiorgos Lakkotrypis said. In statements after a cabinet meeting, Lakkotrypis said clear
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