Facebook Linked In Twitter

CBC Governor: Smaller Cyprus Banks Should Follow Bigger Ones in Reducing Their NPLs

Stephane Dujarric: UN Secretary-General is Clear in his Position on Cyprus



Blue Air Dinner With Cyprus Media Groups

Blue Air Dinner With Cyprus Media Groups

A dinner organized by Blue Air in collaboration with the airline’s General Sales Agent Orthodoxou Aviation took place on Thursday October 24th in the honor of the executives of Cyprus media groups.

Blue Air’s Chief Commercial Officer Mr. Carsten Schaeffer had the opportunity to inform the guests about the current and future plans of the airline, and he also had offered answers to various important questions that concern both the media and the wider passenger public.

The questions primarily focused on issues such as the recent developments in the aviation sector and how these affect the Blue Air plans and the recent changes in the airline’s policy and general strategy.

With more than 30 years of experience in the airline and global travel industry, Carsten Schaeffer remains confident in Cypriot market. “Cyprus has seen a few changes in the aviation industry and our company also had to make some adjustments in order to ensure its future. Over the past year we have changed our business model, our shareholders structure and the network. We have also adjusted the capacity and we have evaluated the profitability of each of our destinations. Today, we are on our way to fulfill our strategy in becoming a low complexity airline, easy do deal with and competitive on our fares. We have adjusted our routes to UK and we remain focused on our Greek routes and of course our main base in Romania, Bucharest”.

Asked about the future plans of Blue Air in Cyprus, Schaeffer announced that the carrier has plans for a new route from Larnaca, starting next summer - with further details about this new route to be communicated in the coming months.

“After more than a year of consolidation, Blue Air is prepared for growth and we are ready to start with small investments in our network. We drive today towards a sustained, consistent and profitable business model. And together with Orthodoxou Aviation, our long-lasting partner in the region, our Cypriot market remains an important focus point in our strategy”, added Carsten Schaeffer, Blue Air’s CCO.


Atlantica Hotels and Resorts Takes Over the Management of Amalthia Beach Resort

Atlantica Hotels & Resorts, the largest hotel company in Greece and Cyprus, announces ...

The Piano Quartet

The Piano Quartet came out of the need by four pianists to sidestep the loneliness of the ...

Emirates Celebrates 25 Years in Cyprus with Special Fares

Emirates, the world’s largest international airline, celebrates 25 years of ...



Cyprus' Draft Budgetary Plan is Compliant with the Stability and Growth Pact According to the Commission

The Draft Budgetary Plan of Cyprus along with the plans of Germany, Ireland, Greece, Lithuania, Luxembourg, Malta, the Netherlands and Austria are found to be ...

Stephane Dujarric: UN Secretary-General is Clear in his Position on Cyprus

UN Secretary-General António Guterres has been very clear in his position on Cyprus, his Spokesperson Stephane Dujarric has said, adding that Guterres ...

EY Cyprus Announces New Interactive Seminar on the VAT Aspect of Immovable Property

EY Cyprus announces a new interactive seminar on the VAT aspects of Immovable Property, titled “VAT on Property Awareness Drilling: Buildings – ...

Company Profile: Bank of Cyprus International Banking

Cyprus is established as a prestigious international financial centre, the ideal bridge between East and West, attracting international business and ...

CBC Governor: Smaller Cyprus Banks Should Follow Bigger Ones in Reducing Their NPLs

The smaller Cypriot banks should follow the path set by larger ones in reducing their stock of non-performing loans, Constantinos Herodotou, Governor of the ...

The Limassol Real Estate Market

The past few years Limassol has experienced development in an astonishing rate. The post-crisis era brought a series of governmental reforms for financial ...


The ENTERTAINER Cyprus 2020 contains over 1,500 buy one get one free and discount offers at the best restaurants, attractions, golf courses, spas, salons, ...

Building Your Personal Brand through Social Media to Compliment Your Professional Goals

Hellas Direct presents The Limassol Star Speaker Show on Thursday, 12 December at the Carob Mill Complex in Limassol. The world is moving fast, creating loads ...