Invasion of the Greeks

Cyprus companies being snapped up by Greek investors Greek investors are taking Cyprus by a storm, snapping up companies from the services, technology and now the manufacturing sectors, making Greece the biggest

All but two parties to back budget

Parliamentarians continued discussion of the state budget for 2006 on Tuesday, with the Chairman of the Finance Committee Aristos Chrisostomou indicating that the House committee will approve the budget for 2006 in

Cyprus in Turkey’s EU list of short-term priorities

The General Affairs Council adopted in Brussels the European Commission proposal for the revised EU-Turkey relations. Cyprus was represented by Foreign Minister George Iacovou. According to Iacovou, the text approved maintains in

MEGA calls EGM to approve Zenon issue

Megabet Pcl (MEGA) has called an Extraordinary General Meeting of shareholders on 12 January 2006 to examine the issue of 66.785.715 ordinary shares of nominal value 2.5 cent to Zenon S.A following

CBH lifts interim dividend

Constantinou Bros Hotels Pcl (CBH) increased its interim dividend to 1 cent per share from 0.75 cent a year earlier following a Board decision to give the interim from the profits of

Muskita cleared

The Competition Committee unanimously decided to terminate its investigation against Muskita Aluminium Industries Pcl (MAI) for possible abuse of its dominant position in the local aluminium market. According to the Committee’s announcement,

South Korean gamer dies of exhaustion

A South Korean man died from exhaustion after spending days on end playing computer games, the second such case in under six months. The 38-year-old spent 10 days playing online computer games