APC submits friendly bid for Pharmakas

Pharmakas Quarrying (PHA) announced that it has received a bid by Gerik Investments, in association with A. Panayides Contracting Ltd. (APC), Ibiscus Invest Ltd., Alpha Pi Holdings Ltd. and George Pipis and G. Kazanos, seeking to acquire the remaining part of the share capital of the Company not controlled by the associated parties.  more on this story

Keravnos satisfied with ECOFIN decision on Cyprus

Finance Minister Iacovos Keravnos expressed the government's satisfaction for the position taken by the EU Economic and Financial Affairs Council (ECOFIN) that Cyprus has carried out all effective actions to purify its public finances and that it has implemented all measures included in its revised convergence programme.
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Andreas Gavrielides is new Health Minister

President Tassos Papadopoulos appointed Monday a former agriculture minister as his new Health Minister, after the previous official resigned two months ago. more on this story

2005 - A Year of Labour Strife

The year has not started off well for labour relations in Cyprus - and its going to get worse. more on this story