Sales of petroleum products dropped by 4.4% during the January-June period compared to the same first-half period last year, the Statistical Service Cystat announced on Monday. The total stocks of petroleum products at the end of June recorded an increase of 9,5% compared to the previous month, reaching 70 158 tonnes. The total sales of
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The war in the Gaza Strip has complicated air traffic control in the region, with the Deputy Director of Cyprus Civil Aviation Persephone Papadopoulou saying that air traffic continues to be perfectly safe. Papadopoulou said that air traffic has not increased due to the situation in Gaza, but that air traffic control has become more
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Emirates, a global connector of people and places, has commenced its first scheduled Airbus A380 service to India with a daily flight between Dubai and Mumbai. Emirates’ Ahmed Khoory, Senior Vice President, Commercial Operations, West Asia and Indian Ocean said: “Mumbai was one of the first destinations on our route network when we launched in
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The Bank of Cyprus board is discussing all options that will lead to a capital increase of 1 bln euros following Friday’s close of bids from institutional and other investors, bringing the island’s leading lender closer to passing the European stress tests in October with flying colours. Reports suggest that US-based hedge funds are keen
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. By Stuart McDougall Rummaging through the Financial Mirror archives, attention was brought to ten years ago today. In 2004 – despite having Limassol as Europe’s second cheapest city – Cyprus was still ranked the most expensive country to retire to in Europe. As we all know, ten years can be a very long time.
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. The lack of proper education and the curriculum at all schools in Cyprus, both public and private, is once again the focus of attention with unwarranted arguments by politicians over the lesson on government. Opposition and anti-solution voices have decided after 40 years that they are no longer comfortable with the federal system of
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* Invitation to President Anastasiades in the pipeline * By Angela Komodromou The newly elected pro-business administration of Narendra Modi is placing particular emphasis on the improvement of ties with other countries, such as Cyprus, which is why the Foreign Ministry in New Delhi is considering an invitation for President Nicos Anastasiades to visit the
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The Cyprus government is keen to speed up procedures to protect the traditional goat’s cheese ‘halloumi’ from competition by other dairy-producing countries, that would ensure hundreds of jobs and help boost exports, estimated at more than €25 mln. Agriculture Minister Nicos Kougialis said on Friday that the registration of halloumi cheese as a product with
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The Troika of international lenders said that Cyprus continues to make further progress in structural reforms and that the banking and finance sector seemed more stable, but stopped short of chastising the government on the delay to pass a new law on foreclosures that will help banks recover non-performing loans. The bill, discussed late on
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Cyprus and Switzerland have signed a double taxation avoidance agreement and a relevant protocol that will contribute to further developing trade and financial relations between the two countries as well as with other countries, the Ministry of Finance said. It added that “by bringing up to date, maintaining existing and signing new such double taxation
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