CyTA has accelerated its expansion plans abroad, targeting both markets where there is a significant Greek Cypriot presence as well as emerging markets in east Europe that provide a lot of room for expansion. CyTA Chairman Stavros Kremmos told the Financial Mirror that following the operational launch of CyTA UK, the Cypriot telecom is now

Plans by the Cyprus Stock Exchange to hook up with the Athens Stock Exchange through a common trading platform where brokers from both countries would have access to the other country stocks are due to be delayed by at least three months. Instead of the planned January 1, 2006 launch date, the CSE Chairman Akis

Offered incentives to go Cyprus Airways staff were presented with a take-it-or-leave-it deal from the government on the future of the company, but early indications suggest that the rescue plan is still opposed by some sections of the airline’s unions. Commerce, Industry and Tourism Minister George Lillikas who is heading the four-member Ministerial Committee entrusted

Airlines agree to merge fuel surcharge into ticket prices Agent commissions may be replaced with CYP 5 ‘service charge’ Tourism arrivals in 2006 are seen increasing by 5% in addition to the 5% rise recorded this year, while outgoing tourism is also expected to rise by 4-5%, according to Akis Kelepeshis, Chairman of the Association

Telecoms Regulator Vassos Pyrgos told the House Finance Committee that despite liberalisation, CyTA still holds a massive 93.5% of the mobile market, 97% of fixed line telephony and 94% of Internet customers. Pyrgos used harsh language to criticise CyTA for not allowing new players to enter the market pointing out that while prices were increasing

More governance legislation on the way? You are on the Board of Directors of a Cypriot company and the company is looking to subcontract the cleaning. How many of you would set up a company under your parent’s name and put in for the tender? A full 44%, according to research carried out by Dr

The Board of Directors of the Cyprus Popular Bank Public Co. Ltd. decided to proceed with a Rights issue in the ratio of one right for every six shares at the exercise price of CYP 1.20 per share. The remaining terms of the Issue (record date, trading and exercise periods) will be decided at a