Nintendo has shipped more than 50 million units of its Wii game console since its launch three years ago, becoming the fastest-selling console ever, the company's president said on Wednesday. The Wii, launched in 2006 into pitched competition with Microsoft Corp's Xbox and the Sony PlayStation, has proven popular with consumers and is credited with
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Internet start-up Twitter is taking a much-anticipated first-step in its quest to parlay its popularity into revenue by offering certain customers an expanded range of services. The company is preparing to offer commercial accounts in which corporations and other types of businesses pay a fee to receive an enhanced version of Twitter, a free service
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Mobile phone services in Cyprus are one of the cheapest offered in EU member-states, according to the annual report of the European Commission, which records a strong growth both in mobile telephony and broadband internet. Mobile telephony in Cyprus continued to grow fast in 2008. Mobile penetration was at 126% in October 2008, up 7
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Turkish occupation is responsible for the destruction of Cyprus' cultural heritage, President of the Republic Demetris Christofias has said, noting that Turkey must contribute to the solution of the Cyprus problem. Speaking at the Larnaca Airport before his departure for an official visit to the Holy See, where he will meet with Pope Benedict XVI,
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Preliminary estimates for national accounts in 2008 show that there was a slowdown across almost all private sectors in 2008 but that the government helped to prop up growth by accelerating spending. Real GDP growth is estimated at 3.7% in 2008, down from 4.4% in 2007. The biggest deterioration in fortunes the tourism-heavy hotels and
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The industrial output prices index rose by 3.5% over the year earlier in January 2009, reaching 118.6 (base 2005=100). Compared with the previous month, output prices fell by 3.3%. For index for manufacturing fell by 0.1% from December to 117.9. From January 2009 the Industrial Output Prices Index was published with a new base year
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Charges for calling, texting and mobile internet surfing will be cut from 1 July 2009. MEPs negotiated a compromise with the Czech Presidency on the extension of the 2007 roaming regulation. The informal compromise negotiated by Industry Committee MEPs with the Czech Presidency still needs to be backed by the whole Parliament and the Council
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The Civil Registry and Migration Department of the Ministry of Interior of Cyprus announced that as from January 1, 2009, the housemaids’ minimum gross salary will be adjusted on the contracts every January in line with the increase of the cost of living index. On the basis of this year's automatic cost of living adjustment,
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The European Commission assessed the updated Stability Programme of Cyprus and found that the fiscal policy in 2009 will be rather expansionary. According to a press release issued by the Commission on Tuesday, this should be reversed in the following years in view of the large external imbalances. The press release noted that Cyprus has
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EU Economic and Monetary Affairs Commissioner Joaquin Almunia announced on Tuesday during a press conference the European Commission's recommendation to Cyprus to reverse the projected fiscal loosening in 2010 and beyond. Almunia said that apart from the measures which have been approved this year in Cyprus the Commission has recommended that the government of Cyprus
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