Local pharmaceuticals giant Remedica, with exports totaling EUR 45 mln to more than 100 countries, is supporting the Association of Multiple Sclerosis Patients and Friends as part of its 50th anniversary celebration this year. The company’s CEO, Charalambos Pattichis, made the announcement at a sponsorship signing ceremony with the Association’s president, Lenia Takoushi-Christoforou, where he

The Greek ‘Secret Diet’ franchise of freshly cooked and packed healthy meals have arrived in Cyprus, with the master franchise operator providing the service in Nicosia, Limassol and Larnaca. Demetris Sarris, Managing Director of Ni. De. Diet Ltd., said that once business picks up as it has done in Greece, they will introduce new services,

The trade balance in Cyprus widened in February according to preliminary figures from the Statistical Service. Total imports/arrivals reached EUR 414.4 mln, of which EUR 280.0 mln were arrivals from other member states of the EU and EUR 134.4 mln were imports from third countries. Total exports/dispatches were EUR 76.4 mln, of which EUR 43.4

Credit card spending by locals leapt for the second month in a row in March according to data from the credit card company JCC. Local plastic card use by Cyprus residents rose by 20% over the year earlier to EUR 162,743,042 (EUR 162 mln), having leapt by 12% in February. In the period January-March, credit

Turkish Cypriots spent EUR 3.7 mln using credit and debit cards in the southern part of Cyprus during the first three months of the year, according to data from the credit card company JCC. In March alone, they spent EUR 1.2 mln. The most popular item was supermarkets (reaching EUR 854,273), followed by clothing (EUR

The European Union is prepared to intervene over Greece should it be required to, EU President Herman Van Rompuy told Le Monde newspaper on Friday. "We are ready to intervene if the Greeks ask us to," he said. Van Rompuy added in the interview with Le Monde that the EU would be forced to take

Greece is not at the point where it needs a financial bailout and is in no danger of defaulting, European Central Bank president Jean-Claude Trichet said in an interview on Friday. Default "is not an issue," he told Italian paper Il Sole 24 Ore, reiterating comments he gave at an ECB news conference on Thursday

British factory gate inflation rose in March at its fastest pace in 16 months, driven by a surge in the cost of oil and imported goods, official data showed on Friday. The Office for National Statistics said producer output prices rose 0.9 percent on the month, more than twice the jump analysts had forecast, for

Greece's headline consumer price inflation accelerated to a 3.9 percent annual pace in March on higher fuel prices and increased VAT tax, the country's statistics service said on Friday. Consumer inflation rose 3.1 percent month-on-month. In the same month a year earlier the annual rate of inflation was 1.3 percent. Euro zone inflation picked up