Cyta will be able to operate more efficiently and profitably if it cuts expenses by € 50 mn, according to the Detecon report, revealed by StockWatch today. The study concerns the reorganization of...
The new organizational chart which will be in force from Monday, a few months prior to privatization brings significant changes to Cyta structure. The objective, as noted in a report by the German...
15/10/2015
Semi-governmental organization Cyta continues to enjoy greater trust among consumers compared to the three private companies providing telecommunication services, according to a new reliability...
23/09/2015
The inclusion or not of Cyta's subsidiary CytaHellas in the package to be offered to strategic investors is likely to turn into a decisive factor for the selling price in the ongoing privatization...
14/09/2015
Minister of Finance Haris Georgiades warned of a missed opportunity, both for Cyta, and for the country’s economy, in case the bill for the conversion of the Authority into a private firm is not...
26/08/2015
Taxpayers may be called to foot the bill of Cyta’s privatization, as its more than 2 thousand – mostly highly paid - employees will get the option to keep their current status, wage- and pension-...
13/08/2015
GDP growth this year is expected to be at 0,5%, according to the updated memorandum and based on the new data for the Cyprus economy in 2015. Initial projections pointed to a recession of 0,5%....
24/07/2015
The Commission for the Protection of Competition imposed fines of €5.2 mn to the Cyprus Telecommunications Authority (Cyta) and Forthnet. According to an announcement, the Commission by a decision...
23/06/2015
A new aspect of the strategy for the privatization of CYTA was presented on Wednesday by the minister of finance Harris Georgiades. Addressing the 10th Congress of one of Cyta`s trade unions PASE...
20/05/2015
Cyta is under examination in connection to the competent authority’s preparation for the privatization of the telecommunications company. Despite the general difficulty regarding the implementation...
02/03/2015