Cyprus has recorded a surplus in January on state finances. According to the April Monetary Policy Report on Public Finances issued by the Central Bank of Cyprus, total revenues and grants for January 2007 amounted to CYP 267.2 mln, for a 21.5% YoY increase, while total expenditure increased by 17% YoY to CYP 238.7 mln.

The Cyprus Health Services said that a brand of mineral water from Armenia was harmful to the health of consumers and was to be withdrawn from the market immediately. A statement said consumers should not drink the water bottled under the name Jermuk Group with an expiry date of November 15, 2008. The water comes

The Cyprus Real Estate Agents’ Association has charged that multinational real estate companies are illegally operating in Cyprus and selling Greek Cypriot properties in the north. Association spokeswoman, Elli Andreou told a House Committee meeting that some of the same foreign companies are active in the governmental controlled areas and at the same time are

British market is in the doldrums   Figures for tourism arrivals in March confirm that there has been no let-up in the relentless slide of Cyprus’ tourism industry this year, with figures showing arrivals down 6.1% year on year in March to 104,316 people. This brought the cumulative fall in the first quarter of 2007

Bank of Cyprus Public Company Ltd  announced that on 25 April 2007, 328.963 new ordinary shares of the Bank will be introduced for trading on the Cyprus Stock Exchange and the Athens Exchange resulting from the recent increase in the share capital by CYP164.481,50 (EUR283.247). The new shares to be introduced have resulted from the

The CSE Council announced that it has accepted the listing of 24,502,416 ordinary shares of Marfin Popular Bank Public Co Ltd of nominal value CYP0.50, which have been allocated as an exchange for the acquisition of 1,105,408 shares of Marfin Financial Group SA and the acquisition of 1,209,505 shares of Laiki Bank (Hellas) SA. The

The CSE Council informed the investing public that at the meeting held on April 19, 2007, it decided that it has not at its disposal certain data proving that Schoeller Holdings Ltd and Path Holdings Ltd acted in agreement with Europrofit Capital Investors Public Ltd for the Public Offer, proceeding – via the company –

The European Commission has fined the Dutch brewers Heineken, Grolsch and Bavaria a total of €273 783 000 for operating a cartel on the beer market in The Netherlands, in clear violation of EC Treaty rules that outlaw restrictive business practices (Article 81). The Commission’s decision names the Heineken group, Grolsch and Bavaria, together with the InBev

With the adoption of its Green Paper today, the Commission is launching an open public consultation on the Regulation regarding public access to European Parliament, Council and Commission documents (Regulation 1049/2001). This consultation marks a further step in the drive towards more openness, triggered by the European Transparency Initiative, which was launched by the Commission

Cyprus businesses, non-governmental organisations, research centres and other institutions are rushing to secure access to billions of euros made available under the EU’s 2007-2013 funding assistance programmes. Until recently, the process of getting access to EU funds was seen as very difficult and expensive, but that has changed thanks to the European Institute of Cyprus