Euro-zone inflation estimated at 2.4%

Euro-zone annual inflation is expected to be 2.4% in January 2006 according to a flash estimate issued by Eurostat, the Statistical Office of the European Communities. It was 2.2% in December 2005.

Banks to pay fines for ATM cartel

The Competition Commission slapped a total fine of CYP 100.000 on Bank of Cyprus, Laiki Bank and Hellenic Bank for breaching competition laws with regard to the placement of ATM machines The

LTV to manage miVision platform

LTV is reported to have reached a deal with the Board of CyTA to manage the miVision platform from 2006 at a minimum fee of CYP 2.5 mln annually according to Simerini.

Two marinas on the way

The government is confident that two of its proposed new marinas will be up and running in the next two years, Tourism Minister George Lillikas said during the CTO conference. Referring to

Cabinet approves technological park

The government has approved the setting up of a Technological Park aimed at making the island a center for software development and hi-tech business, with the location most likely to be in