Cyprus 7-day yield at 2.73% average

The Central Bank of Cyprus announces that during the auction conducted on August 25, 2005 for the acceptance of deposits of 7-day duration, bids amounting to CYP 209.0 mln were submitted. An

88% of Cypriot enterprises have Internet

Landlines in decline Eight-eight percent of enterprises in Cyprus have access to the Internet, while 94% of them have at least one computer, according to new data from the Statistical Service. This

Stamp duty diverting business away from Cyprus

Calls for other revisions to taxation Visas “could be the final straw” Business is being diverted from Cyprus owing to cumbersome rules on stamp duty, according the Cyprus International Business Association (CIBA),

Suitors bid CYP 15 mln for Emporiki

Emporiki Bank Group S.A. of Greece announced that it has reached a memorandum of understanding with two Cypriot investors to sell its 75.02% stake in its local subsidiary, Emporiki Bank (Cyprus) Ltd.