The Cyprus government has plans to develop Limassol port further, despite the semi-government organisation’s facilities slated for privatisation. Communications and Works Minister Marios Demetriades said during a routine visit to the port that “the plans are still at an early stage, but will have to be preceded by a feasibility study to see what investments

If you like the value deals from Primark and the Scandinavian designs of IKEA, then a new store opening in the heart of Nicosia could offer a combination of both. The first Tiger store is about to open on the busy Ledra Street in Nicosia in early July, according to the NK Shacolas Group subsidiary

The Council of Ministers has approved a new two-year incentive scheme aimed at rehiring unemployed people, with the rate of those out of work in Cyprus already reaching a phenomenal 18%. The new scheme, following earlier programmes that focused only on unemployed university graduates, aims to help businesses re-hire 1,000 people and has allocated a

Former Cyprus central bank chief Christodoulos Christodoulou faces eleven charges of tax fraud, conspiracy and forgery and was released on a 5,000 euro bail on Wednesday, pending trial which is expected to be heard on June 27. Christodoulou, his daughter Athina, her estranged husband and former Laiki Bank executive Andreas Kizourides and the family-owned company

Card payments made by Cyprus residents increased by 12% in April, compared to a year earlier, and reached €168.5 mln, but the rise should not be considered an indication of a strong recovery of consumer spending. The bank-owned JCC Payments Systems said the high increase is attributed to the fact that transactions in the same

A new company providing air navigation services will be set up by 2015, Communications and Works Minister Marios Demetriades said on Wednesday. Air traffic control services will be assigned to the company, aiming to provide better services. The Minister stated that he received a preliminary study on the creation of the new company, and expects

The aim of the conference which is organised by the Cyprus Stock Exchange (CSE) and the Cyprus International Institute of Management (CIIM) is to cover the particularly interesting and promising field of Collective Investment Schemes (Mutual Funds) and to provide an opportunity for financial market participants to be fully informed about the developments in this