10-year bond yield breaks below 6%

After several months of attempts, the yield during the 10-year bond auction finally broke below the 6% level, sending a powerful signal that investors are confident that Cyprus will manage to enter

Russian FM postpones visit to Cyprus

Russia’s Foreign Minister Sergey Lavrov has postponed a visit to Cyprus, due to have taken place at the beginning of March. According to an official press release, the Russian Foreign Ministry has

Atlantic Insurance lifts profits

Atlantic Insurance (ATL) recorded a satisfactory improvement in its 2004 results, lifting profits to CYP 1.18 mln from CYP 677.000 in 2003 on the back of an increase in premium income. The

Cyprus lowest in European R&D funding

Cyprus spent a miserable 0.33% of of Gross Domestic Product (GDP) on research and development (R&D) in 2002, falling far short of the average 2% for all 25 European Union member states.

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