The Board of Directors of SAFS Holdings Ltd decided to proceed to the establishment of an insurance agency in Greece, which will represent foreign insurance companies in the general and life sector in Greece. The proposed name for the company above is “Via Life & Moto SAâ€, given that all necessary approvals by the Greek
More
The Statistical Service of Cyprus announces that it has published the monthly report “Intra-Extra E.U. Trade Statistics (Summarised Data)†for May 2007. The main developments in Cyprus foreign trade were was follows. Total imports/arrivals (covering total imports from third countries and arrivals from other member states) in January-May 2007 amounted to CYP 1,405.0 mln compared
More
Many employers in Cyprus treat staff the same way as their accountants do: as a cost. But as countless research has shown, a happy employee is more likely to work hard, bring fresh ideas into the company and make a positive contribution to the bottom line. At the other end of the spectrum, if you
More
The Greens Party of Cyprus praised Finance Minister Michael Sarris for appealing to the public to save on fuel by sharing cars or avoiding excessive driving in order to counter the galloping rise of oil prices. The environmentalists rightly took their argument one step further and challenged the Ministry of Finance to consider a bus
More
The Cyprus Statistical Service Cystat has published the annual report “Construction and Housing Statistics, 2006€. The report contains detailed data on the construction sector, pertaining, inter alia, to output, capital formation, inputs, new dwellings completed, building permits authorised, labour cost index and price indices of construction materials. The main developments in the construction sector in
More
Construction activity in Cyprus was less robust than initially thought in 2007, according to the second provisional estimate for gross domestic product (GDP) issued by the Statistical Service Cystat. Although the overall growth rate remains that same, at 4.4% compared with 4.0% in 2006, Cystat has made various adjustments to the components following the receipt
More
Japanese and Euro zone finance ministers called for G7 finance leaders meeting next week to seek a curb on excessive exchange-rate movements, amid growing concern over the economic effects of a sliding dollar. “It is important for the G7 members to confirm their shared understanding that excessive foreign exchange rate moves are undesirable for economic
More