Mr. Georgiou’s persistence to remain a Chairman of the Board of Directors of Universal Bank even without executive duties is still a casus belli, a high ranking official of one of the two banks, the...
Andreas Georgiou decided to keep his post as Chairman of the Board of Directors of Universal Bank, rejecting the demand of the two major shareholders, the Bank of Cyprus and the Popular Bank for a...
10/11/2004
The profits of the Bank of Cyprus for the first nine months of 2004 showed an impressive recovery, boosting expectations for better days to come in the banking sector. Its impressive increase in...
09/11/2004
Cyprus wine industry, KEO, announced on Tuesday that it will proceed to the dismissal of one fifth of its employees in an effort to reduce its operating cost within the framework of the stronger...
09/11/2004
The Bank of Cyprus is currently on talks with the would-be buyers to find the ideal formula for the sale of Kermia and Kermia Property Investments (KPI). The deliberations will last no longer than...
05/11/2004
The scheduled meeting between the pilots’ trade union PASYPI and the representatives of the Cyprus Airways Board of Directors has been postponed since pilots failed to prepare the package of their...
04/11/2004
The Bank of Cyprus announced on Wednesday the signing of a Memorandum of Understanding with a group of foreign and possibly Cypriot buyers for the sale of its subsidiaries Kermia and Kermia...
04/11/2004
At the meeting held at the Labour Ministry on Tuesday on the dismissal of the 14 pilots as redundant staff, the representatives of the Cyprus Airways Board of Directors urged the pilots to accept...
03/11/2004
Transport Minister, Haris Thrasou reiterated on Monday that the government will examine ways to support Cyprus Airways only if the national carrier prepares a plan for its survival. Speaking at a...
01/11/2004
The budget of the Cyprus Telecommunications Authority for 2005 is expected to have a surplus of £9 million, which is significant lower than the surplus of £17.7 million in 2004. The budget...
22/10/2004