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Category: Economy

1500 Greek companies have moved their headquarters to Cyprus

1500 Greek companies have moved their headquarters to Cyprus

23/04/2011 admin
According to information by the Central Bank of Cyprus in the past 18 months at least 1500 Greek companies have moved their headquarters to Cyprus.... Read More
Record increases in fuel & electricity prices

Record increases in fuel & electricity prices

17/04/2011 admin
The president of the Fuel Station Owner Association Stefanos Stefanou said that the prices of fuel have increased by 33% in just one year and that for the first time the price of diesel surpassed the ... Read More
Cyprus parliament approves tax on bank deposits

Cyprus parliament approves tax on bank deposits

14/04/2011 admin
Cyprus's parliament on Thursday passed legislation imposing a 0.095 percent tax on deposits of banking institutions, saying part of it would help create a financial stability fund.... Read More
Minimum wage to be raised to 909 euro

Minimum wage to be raised to 909 euro

14/04/2011 admin
Minimum salary is expected to increase by 2.5% this year which aims to keep the minimum at least 50% of the average wage.... Read More
KEO to lay off 150 employees after a very bad year

KEO to lay off 150 employees after a very bad year

13/04/2011 admin
The KEO industry is currently going through desperate times and is preparing to fire almost a quarter of its personnel. ... Read More
More flights from Larnaca by Aegean Airlines

More flights from Larnaca by Aegean Airlines

12/04/201112/04/2011 admin
From 9th June, in addition to their daily flights to London, Heathrow, which started on 27th March, Aegean Airlines will also add Paris as a destination.... Read More
Change of plans regarding Asylum Seekers in Cyprus

Change of plans regarding Asylum Seekers in Cyprus

09/04/2011 admin
The Ministry of Labour is proposing a new legislation regarding asylum seekers that will stop their dependency on the allowances and motivate them to become active.... Read More
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