ATE reveals hedge fund exposure

ATE Bank revealed that it has invested up to EUR 800 mln in some relatively higher risk instruments in an effort to raise total portfolio return. These are multi-structure instruments, a large

Commission of Inquiry for air crash

Former Head of Cyprus Department of Civil Aviation DCA) Flight Operation Division Stelios Andronikou claimed today that those responsible for the administration of the Department did not give all the support they

Open University begins work

Distant learning, in particular in higher education, is now a reality in Cyprus through the start this year of the Open University. Speaking at a special ceremony to mark the start of

Industrial output falls again in July

Industrial output fell by 1.0% in July 2006 compared with the same month of 2005, with the indexing reaching 121.8 (Base 2000=100). For the period January-July 2006 the industrial production index recorded