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while the state telco may also take a 25% stake in LTV that may seek dual listing on the Cyprus and the Athens bourses.
Cyprus has until March 31 to request a lower VAT rate from the EU on a small range of labour-intensive sectors, as is the case for all ten new member states up to 2010. These include small repair shops, house renovation, window cleaning, domestic care and hairdressers.
The Athens Stock Exchange has seen about EUR 6 bln of investments in Greek companies channelled through Cyprus, taking
Hoteliers are being offered incentives to upgrade their properties, or face losing their star rating, by a package of measures to encourage investments in facilities, even tearing down some old buildings, according to CTO chairman Photis Photiou and Tourism and Commerce Minister George Lillikas.