Financial Mirror (Cyprus) - - FRONT PAGE -

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:

Tourism turn­ing:

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.

Job­less up:




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