Commerce Ministry set on Monday the dates of the summer season sales, which will officially start on July 12 and will end on August 28. Pursuant to the provisions of the law, sales concern clothing...
Vasiliko Cements is currently examining the possibility of expanding its production capacity from 1.3 million tons to 1.7 million tones per annum, in an effort to serve not only the Cyprus market but...
25/06/2004
Government Spokesman, Kypros Chrysostomides said on Wednesday that Tourism Minister, Giorgos Lillikas will submit the proposal on the opening of a casino in Cyprus to the Council of Ministers next...
23/06/2004
The legal advisors of the Cyprus’ three largest banks will plead to the Court on Tuesday to mitigate the penalty, while the Court will issue its decision”, Competition Protection Committee sources...
Finance Minister, Makis Keravnos announced officially on Wednesday the government’s intention to absorb funds from the semi-governmental organizations on a regular basis to cover or reduce the “black...
09/06/2004
The improvement in the Bank of Cyprus and the Cyprus Popular Bank results did not dissuade Moody’s from placing BOC on review and downgrading CPB. BOC on review Despite the fact that the Bank of...
Producer prices (factory prices) in the Cyprus industry increased twice as much as the producer prices in the EU25 in April, which made the island’s products less competitive than the European....
08/06/2004
Cyprus Airways is gradually proceeding to radical changes that will reduce its operating and labour cost and will create the prospects for viability within a competitive environment. CAIR Chairman...
07/06/2004
Cyprus’ three largest banks BOC – CPB – HB are considering accepting the bill of indictment of the Competition Protection Committee on a banking cartel among the three, StockWatch sources revealed on...
In its letter to the Cyprus President, Tassos Papadopoulos, the Employers’ and Industrialists’ Federation (OEB) recommended the introduction of a National Council of Competitiveness. This...
21/05/2004