Cyprus budget surplus confirmed

The Cyprus budget surplus reported initially on a cash basis has bene confirmed with the release of data on the general government accounts for the first quarter that were compiled in accordance

Georghiou bids for BOC stake in UL

Andreas Georghiou, CEO of Universal Life Group has exercised an option giving him first right on the Bank of Cyprus shares that the Bank wished to sell to Aspis Pronia of Greece.

Turkey pulled off EU summit agenda

Fears of a backlash about enlargement have led EU ministers to pull any reference to Turkey accession negotiations off this week’s EU summit agenda. There were reportedly fears that France or Cyprus

Lawson to merge with Sweden’s Intentia

St. Paul (dpa) – U.S. business software maker Lawson Software Inc. said it is buying Swedish competitor Intentia International for about 480 mln dollars. The new company will have annual sales of