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...
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
BOC Chairman, Solon Triantafyllides left the possibility open on Wednesday to proceed to the payment of a dividend for 2004. According to Mr. Triantafyllides, the issue will be reexamined under...
20/05/2004
The imposition of VAT on properties and the increase in the cost of the construction materials will reduce, if not eliminate, the margin of profit of the land development companies, Chairman of the...
17/05/2004
The new economic environment in Cyprus is highly competitive and all businesses, employers and the public sector must become more competitive, Labour Minister, Makis Keravnos said on Monday. “We...
10/05/2004
Employers’ and Industrialists’ Federation (OEB) expressed its raising concerns on Friday for the ongoing downward trend of the Cyprus industry in 2003, whose contribution in GDP dropped by two...
07/05/2004
Within the framework of the 8-month agreement with ETYK on the staff’s investment loans, the cost for the Bank of Cyprus and the Popular Bank will reach £250 thousand and £150 thousand respectively,...
04/05/2004
Hellenic Bank Strategic Development Manager, Yiannis Telonis told StockWatch on Monday that as soon as Cypriots ascertain that the Central Bank “has taken seriously the issue of monetary stability”,...
03/05/2004
Laiki Group issued on Friday a positive Profit Warning for the first quarter results of 2004. According to StockWatch sources, the Cyprus Popular Bank expects improvement in the first quarter...
30/04/2004