Cyprus construction output accelerates in Q1

Construction output accelerated in the first quarter of 2008, according to provisional figures from the Statistical Service. The production index in construction rose by 7.5% over the 1st quarter 2007, compared with

CYPRUS GOURMET

COMMENT By Patrick Skinner “Be-suited captains and black–vested waiters confer and preen and carry on behind a stone counter, while diners occupy, on the other side, a narrow lane of tables. The

Cyprus house prices slip by only 0.4% in Q2

House prices in Cyprus held up in the second quarter compared to other European markets and despite worsening global and local economic conditions, according to the latest quarterly BuySell Home Price index.

Oil rises above $136 after slump

Oil rose above $136 a barrel on Thursday, as investors resumed buying after its recent sharp drop and boosted by fresh cuts to Nigerian oil output. U.S. crude rose $1.70 to $136.30

Toxotis Board backs CLR takeover bid

The Board of Directors of Toxotis Investments Public Ltd examined the Public Offer Document by CLR Investment Fund Public Ltd for the acquisition of up to 100% of the issued share capital

CYTA plans EUR 50 mln investment in Greece

CYTA the state-owned telecom of Cyprus plans to spend EUR 50 mln in new investments as part of its expansion drive into Greece, CYTA Chairman Stavros Kremmos said during the presentation of

EU clampdown on ring-tone scams

EU Consumer Commissioner Meglena Kuneva today announced the results of an EU-wide investigation into websites offering mobile phone services such as ring-tones and wallpapers. The enquiry, which was carried out on more