Category Archives: Business

CNA News – CNA – Kiriaki Demetriou – ?ICOSIA 23/06/2019 15:35

The European Council sent a clear and strict message to Turkey, Greek PM saysGreek Prime Minister Alexis Tsipras expressed his satisfaction with the decisions of the European Council regarding Turkey's illegal actions in the Eastern Mediterranean and C...

CYPRUS: Former Cypriot president Christofias dies aged 72

Former Cyprus president Demetris Christofias has died at the age of 72 after being admitted to hospital a month ago with a serious respiratory problem, his doctor said on Friday.Christofias' personal doctor Michael Minas confirmed his death to the stat...

Industrial Turnover down 4.7% in March

The Industrial Turnover Index for March 2019 reached 120.6 units (base 2015=100), recording a decrease of 4.7% compared to March 2018, according to data released Thursday by the Statistical Service of Cyprus.For the period January � March 2019, the ind...

CYPRUS: Equity Fund needed to bridge financing gap for businesses

An Equity Fund should be established to address the difficulties small and medium sized enterprises (SMEs) encounter in obtaining financing, the Cyprus Economy and Competitiveness Council has proposed.The recommendation has been submitted to the Financ...

TRAVEL: Cyprus-Greece business association blasts ‘unacceptable’ cost of flights

Cyprus business leaders say the exorbitant cost of high airfares to closest EU destination Greece are unacceptable and claim for prices to reach EUR 690, there must be manipulation of the market.Higher fares are linked to the void left by

CYPRUS: International brands attracted to first outlet village

Cyprus is set to enjoy a novel shopping experience as work on the island's first designer outlet and entertainment village is set to begin in September and completed by May 2020.Construction is pending the issuance of the license from the