Cyprus wage hike via revamped index?

Viagra to be included The revamp of the consumer price index in Cyprus due from January 2006 could raise the rate of inflation, and with it the index-linked wage bill, fear Cypriot

Laiki Q3 profits surge 90.3%

…revises 2008 targets higher Laiki Bank lifted its first nine month profits by 90.3% year-on-year to CYP 30.5 mln from CYP 16 mln a year ago in the same period, beating market

Is Turkey imposing a legal solution on Cyprus?

Reports that the Turkish government is pushing the Turkish Cypriot administration to change its constitution so that Greek Cypriots can be allowed to return to the property from which they fled during

JCC launches e-commerce service

JCC Payment Systems, the credit card consortium owned by the banks has launched JCCsmart, its e-commerce service that hopefully will boost electronic shopping on the island. For the first time, thousands of

Laiki launches SMS Banking

Laiki Bank launched its SMS Banking service, offering clients the opportunity to transact over their mobile phones. Laiki customers can pay utility bills, transfer money to designated accounts, access information about their

BOC launches Praxis for business clients

Bank of Cyprus has launched a new service called Praxis aimed at offering business clients a 24-hour service. By using Praxis, clients can apply online for letters of credit, bills of collections