Police and telecoms join forces to combat drugs

Mobile phone subscribers of the dominant Cyprus telecoms provider, Cytanet, received a message from both Cytanet and the police today, urging them to “play fair” and avoid drugs. “Sports: fair play, drugs:

BOC adds new shares

The number of the new Bank of Cyprus shares which have resulted from the participation of the eligible shareholders in the Dividend Reinvestment Plan for the 2004 dividend amounts to 2.642.800 shares,

CyTA maintains low rates

CyTA decided to ignore a temporary directive issued by the Competition Commission ordering it to reverse its recently announced price cuts on mobile telephony rates. In response to a complaint filed by

Cyprus harmonised inflation slows in June

The Cyprus Harmonised Index of Consumer Prices (HICP) during June 2005 recorded an increase of 1.5% compared to the corresponding month of June 2004, compared with around 2.5% in the EU25. This

Battle for new KEVE chief begins

Manthos or Tony for KEVE President? Two leading candidates will be challenging the leadership of the the biggest employer group, the Cyprus Chamber of Commerce and Industry (KEVE), following the appointment of

Cyprus attracted EUR 1 bln of FDI in 2004

EU-wide investment falls Data released by the European Union statistical service Eurostat show that Cyprus attracted EUR 1 bln (about CYP 588 mln) of foreign direct investment (FDI) in 2004, up from

Cyprus house prices rise 1.1% in June

Average price at CYP 86,218 In June 2005, home selling prices in Cyprus recorded a considerable increase of 1.1% since May 2005. The June increase brought home prices to an accumulated 3.6%