Compensations averaged CYP 40,000 Cyprus Airways cabin crew called off their strike last night, after the Ministry of Labour found that both the airline’s management and the unions had violated the code of industrial relations. The company’s board decided to recall Monday’s redundancy notices of 22 cabin crew that resulted in the impromptu strike decision

Some 25 Greek Cypriot companies are close to being matched with Turkish Cypriot producers for trade across the Green Line, only five weeks after the matchmaking programme co-ordinated by award-winning M.G.C. Group got under way. M.G.C. group Managing Director Marios Christodoulou, who has decades of experience in international trading, has been working with the Cyprus

Seven new members stepped up to the board of Universal Life at the Extraordinary meeting on Friday. The passing of two motions–one for the termination of the old board, and one for the appointment of the new board–retained six of the original members of the board: Alexandros Galanos, Kolokassides Michalis, Sotiris Kallis, Demosthenes Severis, Andreas

The inflation rate in Cyprus for January 2005 was 2.8%, according to figures provided by the Statistical Service. A press release says that the Harmonised Index of Consumer Prices during January 2005 recorded an increase of 2.8%, compared to the corresponding index of January 2004, while in January 2004 the annual rate of change was

The Board of Directors of Vassiliko Cement Works (VCW) announced the intention to pay a 2 cent per share final dividend, bringing its total dividend payout to 3.5 cent, considering that the company has already paid an interim dividend of 1.5 cent. The total dividend yield based on the company?s most recent stock price of

Cyprus Airways stewards union, SYPKA ordered its members to go on an indefinite strike from Monday 4.00pm after the airline proceeded with the forced redundancies of 22 chief stewards as part of its efforts to cut costs. CAIR management declared the 22 positions as surplus with its press spokesman, Tassos Angeli saying the layoffs will