Etherio, “nature’s bio store” that opened on Nicosia’s busy Makarios Avenue in December 2007, is enjoying rapid success among health-conscious consumers and will expand its operations to see a total of seven stores in the capital, in Limassol and Larnaca by the end of the year. Annie Leventi, manager of the flagship store in Nicosia,
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Danone, the world’s leader in fresh dairy products, has achieved a 10% market share in Cyprus in its first year of commercial operations, thanks mainly to the Activia probiotic yoghurt with cultures that enhance digestion, the Actimel yoghurt drink, the Danino children’s yoghurt enriched with vitamin D and the Danette dessert introduced in February this
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KEO’s Ayios Nikolaos (Saint Nicholas) bottled water is back in the market, determined to regain its share after a seven-month absence. A completely new plant has been built at the company’s source in Ayios Nikolaos Stegis near Kakopetria, which the company hopes will help it regain its 48% market share it used to command, according
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Etihad Airways, the national airline of the United Arab Emirates, has appointed Lorna Dalziel as its country manager in Cyprus in time for the launch of the three weekly flights between Larnaca and Abu Dhabi from June 14. With more than 20 years of experience in the aviation industry in marketing and operations in the
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The British economy may have contracted at a much sharper rate than previously thought in the first three months of this year, official statisticians said, after major revisions to construction output figures. New data from the Office for National Statistics on Friday showed construction output fell 9.0 percent in the first quarter, the steepest fall
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Rio Tinto dumped plans for a landmark investment from China on Friday, opting instead to raise $21 billion through a rights issue and a joint venture with one-time suitor BHP Billiton. Rio's $19.5 billion deal with Chinese metals group Chinalco was put together in February at the height of the financial crisis in a bid
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World stocks extended gains on Friday, rising towards this week's 7-1/2 month high after better-than-expected U.S. employment data reinforced investors' hopes that the world's biggest economy has passed its worst. Resource and commodity prices also rallied after the data, sending oil prices to fresh seven-month highs, while the U.S. dollar jumped across the board. The
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Credit card spending fell in the first five months of 2009 according to data from the credit card company JCC. Local plastic card use by Cyprus residents fell by 2% to EUR 745,743,444 (EUR 746 mln) in the January-May, having risen by 16% for the whole of 2008. In May alone, sales fell year on
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Turkish Cypriots spent EUR 6.7 mln using credit and debit cards in the southern part of Cyprus during the first five months of the year, according to data from the credit card company JCC. In May alone, they spent EUR 1.5 mln, compared with EUR 1.3 mln in April. The most popular item in the
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Cyprus is taking measures to protect environment, President of the Republic Demetris Christofias has said noting that a series of measures is already implemented or being promoted for implementation to this effect. Speaking at a press conference on the occasion of World Environment Day, President Christofias said that humanity is facing a major ecological crisis
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