Editorial: Kikis faces tough challenge

Kikis Lazarides, the former Chairman of the Laiki Group who was ousted by the bank’s new shareholders last summer, is returning to another chair he held nearly two decades ago. Lazarides takes

Areeba Cyprus reaches 76,000 users

— MTN tops 40 mln subscribers   The MTN Group, that acquired the worldwide telecom interests and 8.4 mln subscribers of Investcom last July, continued to show strong growth in Group revenue

Lycos Europe sells stake in Czech portal

Lycos Europe, one of the leading European portal providers and online advertisers, has agreed to sell its 30% stake in Seznam.cz, a.s, a portal provider based in Prague, Czech Republic, to partners

EIU cuts its Cyprus GDP growth forecast

The Economist Intelligence Unit (EIU) have revised down Cyprus’ growth forecast for 2007 to 3.4% (from 3.6% previously) and to 3.6% in 2008 (from 3.8%), primarily owing to quarterly growth in the

Cyprus awaits EU reaction on measures for TCs

The Cypriot government is anticipating the comments of the EU Presidency and the Commission over the new measures to economically strengthen Turkish Cypriots.Government Spokesman Christodoulos Pashiardis said that the new measures, as