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Finally! UK post arrives in Cyprus 28 Dec 2012 | 07:07 pm
Around 1,000 mailbags dating from the first week of December arrived at Larnaca Airport this morning from London, confirming that the British Post Office was responsible for massive delays in deliveri...
A ‘take it or leave it’ solution Orphanides suppliers told 28 Dec 2012 | 07:06 pm
A FINALISED ‘take it or leave it’ rescue plan for Orphanides Supermarkets is to be put to suppliers sometime in the next few days, and its rejection could spell the demise of the debt-ridden company. ...
Bank of Cyprus says year-end results expected to have “significant negative deviation” 28 Dec 2012 | 07:05 pm
Cyprus’ largest lender, Bank of Cyprus (BOCY) has issued a profit warning for the financial year ending on December 31. BOCY, along with Cyprus Popular Bank were severely affected by the haircut of t...
CBC announces Friday firm to analyse Pimco’s due diligence review on Cyprus 28 Dec 2012 | 07:05 pm
Central Bank of Cyprus will announce later the international advisory firm that will analyse the methodology of a due diligence review carried out by Pimco that would determine the capital needs of th...
Famagusta petrol stations threaten strike 28 Dec 2012 | 07:04 pm
PETROL stations in Famagusta are to go on strike for 48 hours on January 2 the Petrol Station Owners’ Association said yesterday. The construction of yet another new petrol station on the main Parali...
Russia: no bilateral loan for Cyprus 28 Dec 2012 | 07:03 pm
RUSSIA does not intend to grant Cyprus an interstate loan because the associated risks are too great to be assumed by any single creditor, Russia’s deputy finance minister has said. “We have no speci...
Cyprus Makes Strides in Offshore Energy Search 27 Dec 2012 | 01:00 pm
Cyprus said on Wednesday it was making good progress with a second round of licensing for exploratory drilling aimed at exploiting offshore oil and gas deposits. In October drilling permits, subject ...
Cyprus President wants strengthened relations with Angola 27 Dec 2012 | 12:59 pm
Nicosia – Cyprus President, Demetris Christafias, has expressed here the desire of constructing and boosting the relations between his country and Angola at various levels, Angop has learnt. He said ...
Ukraine International Airlines sold to Cyprus company 27 Dec 2012 | 12:58 pm
Cyprus-based Ontobet Promotions Limited is an owner of Kyiv-based Ukraine International Airlines (UIA). According to the State Commission for Securities and the Stock Market, Ontobet Promotions Limit...
Cyprus industrial turnover drops 5.7% y/y in Sep 27 Dec 2012 | 12:57 pm
Industrial turnover in September dropped by 5.7% over the same month of the previous year to 127.5 (base 2005=100). The manufacturing subindex fell by 11.2% in the same period. For the period Januar...
