
KEO issues positive 2016 profit warning
Beverage producer KEO Plc said it generated “considerably” more profit last year compared to 2015. “The expected improvement in earnings is due to a rise

Beverage producer KEO Plc said it generated “considerably” more profit last year compared to 2015. “The expected improvement in earnings is due to a rise

Beverage producer KEO Ltd said that it is not considering or looking at the possibility of a merger with any other company, refuting comments made

Archbishop Chrysostomos is looking for a small bank in which the Church would take majority shareholding, or create its own, and plans another six new

KEO Plc Ltd, Cyprus’s flagship in the alcoholic and non-alcoholic beverage industry, said that it generated a €1m pre-tax loss in the first three months

By Stelios Orphanides Wine and beer producer KEO Ltd said that it generated a net loss of almost €1.8m in 2015 attributed mainly to the

By Stelios Orphanides Drinks producer KEO Ltd said that it expects improved earnings in 2015 compared to 2014, when it posted a net loss of

By Marie Kambas Domestic beer consumption fell 2.3 per cent to 29.9 million litres of between January and November compared to the previous year, according

By Maria Gregoriou THE long-running near duopoly in the beer market between KEO and Carlsberg has heated up with KEO rebranding its traditional yellow label
ALTHOUGH the summer tourism has started quite positively, the focus of the industry should be on attracting winter visitors, Commerce Minister Antonis Paschalides told the annual conference of the Association of Cyprus Travel Agents (ACTA) yesterday.
Last year was a close call, Paschalides said. “Although in 2010 our largest market – that of the UK – was falling, still the increases from the German, Scandinavian markets and especially the Russian one… brought smiles at the end of the year, albeit cautious ones.”
Latest figures show that revenue and arrivals from tourism in the first four months of this year was up by 24 per cent.
CYPRUS’ EU presidency secretariat came under more scrutiny yesterday after government asked the Auditor General to investigate the dubious appointment of the boss’ daughter’s boyfriend.
Athanasios Kagiaras, 28, got the coveted €60K events coordinator job ahead of three other applicants, despite reportedly having no events management experience.
Kagiaras resigned on Monday “for reasons of dignity” after his close ties with the boss were publicised by the daily Politis.
And while Secretariat boss Andreas Moleskis denied having anything to do with the recruitment, it emerged yesterday that his relative by marriage Dafni Mavrommati (who happens to be on secondment from Moleskis’ old department) was on the approval committee.
The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.
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