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The European Commission plans to reform current legislation on financial services and insurance, with the aim of cutting administrative costs and removing competitive distortions with respect to VAT across different Member States.

The General Insurance industry saw premium income during 2005 rising by 8.9% year on year to CYP 180.5 mln from CYP 165.7 mln in 2004 according to the Cyprus Insurance Association. Motor

MFS Holdings Public Company Limited (MFS), which last week was kicked out of the Parallel Market to the Alternative Market because it did not fulfill the CSE minimum market cap criteria, says

On the basis of preliminary estimates for foreign trade in March 2006, total exports/dispatches slipped by 2.1% in local currency terms to CYP 56.7 mln in March 2005, compared with CYP 57.9

PandaLabs has detected a phishing attack against clients of the SouthTrust bank and the international PandaLabs network has already registered numerous incidents worldwide related to this attack. The e-mail message used in