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

keo

KEO’s posts €1m in Q1 pre-tax loss

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

keo

KEO relaunch aims for a younger crowd

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

Tourism: focus on the winter season, minister says

 

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.

Auditor General called in after nepotism claim

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.