Following a first progress report in 2006 (IP/06/448), the European Commission has adopted a second Communication on the progress towards a Common Consolidated Corporate Tax Base (CCCTB). The Commission, in this Communication draws the attention of the other EU institutions to the work that has been done and the work that has to be done
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Cyprus Defence Minister Nicos Symeonides died Thursday morning at the Intensive Care Unit of Nicosia General Hospital, where he was admitted a month ago, with symptoms of infection of the urinary system. Symeonides, who was 68, was a career civil servant who served in all ranks within most of the government departments, reaching the highest position of
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Gibareio Ltd., Cyprus official distributor for Sony Computer Entertainment Europe (SCEE) announced that PSP (PlayStationPortable) would enjoy a new, lower price point in Cyprus of CYP 99 (EUR 170), with the new price effective from last Friday. In addition, five new Platinum titles will be launched concurrently with a new, lower price for all PSP
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Food, medicines and petrol bite  The national consumer price index rose by 1.77% over the year-earlier period in April, compared with 1.49% in March, recording its highest rate of increase since September. The main reason for the increase was a 6.56% year-on-year spike in the price of food. This is a heavily weighted category
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Adware, responsible for 27% of infections, was the most active category of malware in April. Trojans, at 25%, were the other category to have caused a high number of incidents. Adware tracks users’ Internet activity (pages visited, words searched…) and uses this to display personalized ads. “Adware is easy to distribute, as it is generally
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Maritime Policy ConferenceBremen, 2 May 2007 Chancellor, Ministers, Ladies and gentlemen, Let me start by thanking you for inviting me to address you today. I am pleased to see, from the wide range of participants, that there is such broad interest in a European maritime policy. I would particularly like to thank the Land of
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LONDON (Standard & Poor’s) –Recent inflation figures indicate a marked contrast between the U.K. and Eurozone, Standard & Poor’s said in its latest forecast report for the region. Titled “European Economic Forecast: Is Inflation On Its Way Back?,” the report finds a degree of disparity between the outlook for these two markets and argues that
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GENEVA — The World Health Organization (WHO) and UNICEF announce today a new joint policy statement on the role of vaccine vial monitors (VVMs) in improving access to immunization, on the 10-year anniversary of introduction of VVMs in immunization programmes. A VVM is a simple tool which clearly warns if a vaccine is likely to
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Fitch Ratings, the rating agency states that all the three major Cyprus banks have significantly enhanced their profitability and asset quality in 2006 although challenges remain in sustaining their improvement. According to Fitch’s analysts, one of the key challenges for the banks is to maintain the current level of income generation. All banks have benefited
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Over the last twelve months, the euro-area economy has gone from strength to strength. The euro-area grew by 2.7% in 2006, its fastest growth rate since 2000, and well-above its long-term average. Employment growth accelerated to around 1.5% in 2006, yielding an increase of close to 2 million new jobs and inflation remained around 2%.
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