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the Chris Cash & Carry chain. Heavy discounter Lidl started advertising for job vacancies (Ed’s note: but took them five more years to appear on the market), while Swedish furniture giant IKEA was also recruiting through its Greek operator Fourlis.
Morgan Stanley has upped its stake in Bank of Cyprus by a further 2.26 mln shares to a total of 6 mln shares, supporting the 28% rally on the stock to EUR 4.18 (CYP 2.40) in recent weeks. German investors also took 1.2 mln shares, while Deutsche Bank increased to 2 mln shares and propped up a price target of EUT 4.80.
2006 could be a turning point for tourism with the CT) half-way through its 2003-
Morgan in BOC:
2010 strategy, according to Director General Phoebe Katsouis. The aim, she said, is to target 4-5 markets, such as German-speaking countries, Nordics and the UK. Special interest will also be the focus with golf, ecotourism, conferences and culture as tourism now accounts for 15-20% of GDP.
Unemployment reached 3.9% in the first half, up from 3.7% a year earlier, said Labour Minister Christos Taliadoros. There was a blanket rise in joblessness in all sectors, with the 15-25 year olds without high-school diplomas the most affected.
Troubled national carrier Cyprus Airways has sought a new source of revenue by training British pilots on Airbus A320s and A319s as part of a deal with the UK pilots organisation IAGO. CAIR, that had one of the first all-Airbus fleets in 1990, has 135 pilots.