Supplementary budget for CYP 141 mln tabled

The Ministry of Finance has submitted to the House of Representatives a supplementary budget amounting to CYP 112.1 mln, the largest part of which concerns non-recurring expenses. This amount is net of

Bush and Erdogan discuss PKK issue

by Apostolis Zoupaniotis Washington, (CNA) — US President George Bush and Turkish Prime Minister Recep Tayyip Erdogan have expressed their resolve to combat terrorism in northern Iraq. “Turkey is a strategic partner

Daily FX Commentary – Finotec

Sub prime affect lower the U.S stocks, push the Yen higher By Rodian Rahnayev 06 November 2007 Finotec Analysis Team       EUR/USD USD/JPY GBP/USD USD/CHF Resistance 1.45351.45251.4500 115.95115.40114.90 2.11002.10002.0898 1.17351.16701.1620

CySEC fines 11 financial firms

The Cyprus Securities and Exchange Commission announced that following its board meeting on 22 October 2007, it decided to impose administrative fines on the following Cypriot Investment Firms (CIFs) amounting to CYP

FTSE/CySE20 revamps index

The Advisory Committee of the FTSE/CySE20 index has decided to revamp the index after taking into consideration the past performance of the index from April until end of September 2007. The companies

Cyprus airport traffic up in October

Hermes Airports Ltd recorded another strong month in October for passenger traffic at Larnaka and Pafos International Airports. Nearly 776,000 passengers travelled through the two Airports in October 2007, a 3.94% increase