At the meeting held on Saturday, the Board of Directors of Cyprus Airways set the new viability program which is based on: First: The promotion of a new strategic program, which will be ready within...
The viability of Cyprus Airways depends entirely on the European Union’s decision to grant a loan of £30 million. If the EU decision is negative, the Management might even proceed to the closing of...
22/04/2005
The insecurity of the Cypriot citizens in the past few months has raised serious problems in the insurance sector, due to the changes in the general climate of the island and the latest politico-...
21/04/2005
Hellas Jet, subsidiary of Cyprus Airways decided on Thursday to terminate its operations on May 10, after the unsuccessful efforts for its sale by the parent company. Cyprus Airways holds 75% of its...
21/04/2005
The Investment Group of the Cooperative Societies, Lefkonoiko, proved to be a black hole for the big and small cooperatives of the island, after investments of millions of pounds have been written-...
20/04/2005
The European Commission’s decision to transfer the talks on the granting of governmental guarantees to the national carrier from April 20 to May 3 has ruined the payment plans and will probably...
11/04/2005
The two Cyprus Airways subsidiaries, Hellas Jet and Eurocypria have followed a different course in the past two years. While Eurocypria was announcing profits of £2 million in 2004, the Board of...
11/04/2005
The government will guarantee a loan of £30 million, which will be granted to Cyprus Airways by April 20. “Within the next two weeks the EU will approve the loans that will support the national...
08/04/2005
Mitilinaios Group denied reports on Wednesday for the acquisition of an additional stake in Hellenic Copper Mines, which runs the Skouriotissa Mines. Specifically, the Greek company – and second...
06/04/2005
The “Suphire” case is not expected to finish off easily. 25 days after the publication of the black hole in EAC Provident Fund, the Police continue the interrogation and extended the imprisonment of...
05/04/2005