Cyprus Airways pilots will carry out a four-hour warning strike on February 9 from 4 to 8pm, protesting outside the parliament building in Nicosia at the way the government, the airline’s board and management have handled the rescue plan to save the troubled national carrier. The latest row came as the ministers of Finance and

…ROE to 16% by 2008 The Board of Directors of the Bank of Cyprus Public Company Ltd reviewed the Group’s strategic plan for the three-year period 2006-2008 and based on extemely favourable results following its broad based restructuring coupled with its expansion drive decided to lift the targets substantially higher. The Board and Management felt

Fujitsu has said that it returned to the black in its third quarter with a net profit of 3.3 bln yen (US$ 28.1 mln). In the same quarter from October to December in 2004, it reported a 9.5-bln-yen loss. The Japanese electronics maker also said its operating profit for the quarter rose 1.1% to 12.59

Poland on Monday rejected the proposal on VAT that would have seen lower VAT rates for nine old member states continued until 2010. Unless a last-minute deal is found, these member states must apply the standard rate of VAT immediately or face fines. The lower-rate scheme expired on December 31. Since there was disagreement among

United Democrats call for action The United Democrats on Friday expressed concern about the rise in the number of educated, young unemployed in Cyprus, calling for action on energy, education and the euro among others to address the problem. United Democrats Vice-President Praxoulla Antoniou-Kyriacou noted that according to the most recent Labour Force Survey, the