Bank of Cyprus Pcl (BOC), the island’s largest financial institution now expanding into Romania, Russia and the Ukraine in addition to its extensive operations in Greece, UK and Australia is on course
The consumer price inflation rate in Cyprus hit 3.5% in November, as the impact of the cut in car excise duties in November 2006 fell out of the index. Compared with the
The Statistical Service has issued producer prices for a range of locally produced goods, showing a fast increase in the prices of chicken and tomatoes but a drop in the price of
The total sales of petroleum products in October 2007 recorded an increase of 8.1% compared with the previous month. A significant rise was recorded in the sales of Kerosene and Gasoil, which
Leaders or representatives of Greek Cypriot and Turkish Cypriot political parties toured the UN-controlled buffer zone dividing the southern government controlled areas of the Republic from the northern Turkish occupied part of
The Bank of England reduced its benchmark interest rate for the first time in two years, saying inflation is likely to slow as higher credit costs hurt economic growth. The nine-member Monetary
Finance Minister Michalis Sarris has forecast that Cyprus will record budget surpluses of 0.5% in the next three years, perhaps even four, insisting that the surplus for 2007 will reach 1.5% of
Nokia announced that it has now completed its acquisition of Avvenu www.avvenu.com, initially announced on December 4. Avvenu is a company providing secure remote access and private sharing technology that allows users
Motorola, Inc. announced an agreement with long-standing customer Mobilink (an Orascom Telecom company) to deploy a WiMAX 802.16e-2005 access network for the operator in Pakistan. Under the terms of the agreement, Motorola
Microsoft Gulf has announced that it has recently conducted an anti-piracy raid on an IT reseller in Dubai. The raid followed complaints about the IT reseller by Microsoft Gulf for loading unlicensed
