Cyprus Society hosts regional meeting The CFA Institute, the global association for investment professionals with nearly 100,000 members, is spearheading a campaign to restore investor confidence in capital markets, with emphasis on the professional conduct of its members based on high ethics as well as better reporting for the investment industry. This was the main

The Flight Safety Foundation/South East Europe – Middle East – Cyprus presented Nicos Shacolas, Chairman of Hermes Airports Ltd, with the Flight Safety Award, “for his outstanding contribution to aviation”. The award was presented by the Minister of Communications and Works, Erato Kozakou-Markoulli, after a joint meeting of the executive and advisory boards of the

After an absence of nearly ten years, Domino’s Pizza is back in Cyprus and is about to give other pizza companies a run for their money. Having started with two outlets in the mid 1990s, the local partners of the franchise embarked on an aggressive expansion plan at the time to take the popular pizza

Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that bolstered hopes of a sustainable economic recovery. The Commerce Department said total retail sales rose 0.3 percent as consumers bought an array of goods

The Statistical Service has announced that total registrations of motor vehicles decreased by 18.7% to 6,984 in January – February 2010, from 8,586 in January – February 2009. Private saloon cars decreased to 5,292 from 6,500 in January – February 2009, i.e. there was a decrease of 18.6%. In 2009 motor registrations fell by 25.7%.

Wholesale trade performed badly in 2009 according to the latest figures. The turnover value index of wholesale trade except motor vehicles and motorcycles for January-December 2009 recorded a decrease of 13.3% compared to the corresponding period of 2008. In December 2009 the index increased by 9.5 % to 128.7 units compared with 117.5 in November

The Cyprus economy shrank by 1.7% in 2009, according to the latest full figures on the national accounts. In the fourth quarter real GDP rell by 3.0% over the corresponding quarter of 2008. Based on seasonally and working day adjusted data, it fell in the same period by 2.8%. The Statistical Service said that the

Oil rose above $82 on Friday, poised for a second consecutive weekly gain, on a weakening dollar and as views emerged that energy demand would continue to grow in the developing world. The front-month U.S. crude contract rose 49 cents to $82.60 a barrel by 1054 GMT. It reached $83.03 a barrel on Wednesday, the