Fujitsu back in black

Fujitsu has said that it returned to the black in its third quarter with a net profit of 3.3 bln yen (US$ 28.1 mln). In the same quarter from October to December

Poland rejects uneven VAT deal

Poland on Monday rejected the proposal on VAT that would have seen lower VAT rates for nine old member states continued until 2010. Unless a last-minute deal is found, these member states

No panic over bird flu in north

House President Demetris Christofias said no panic is justified regarding cases of bird flu that were confirmed in the Turkish occupied north of Cyprus because the government of the Republic has been

Construction activity up in 2004

The construction sector in 2004 continued to record a positive rate of growth, registering an upwards trend in its value added in real terms of 5,8% compared to 7,1% in 2003 and

CAIR pilots to strike on Feb 9

Cyprus Airways pilots will be carrying out a four-hour warning strike on February 9 from 4 to 8pm, when they will also organise a demonstration outside the parliament building in Nicosia in

Short term yields dive sharply

After the dramatic decline in 10-year bond yields, the government auctioned new bonds maturity two and five years, which also saw a massive decline in yields since the last auctions were held