Muskita Aluminium Industries (MAI) released its preliminary 2006 results posting a strong 18.8% YoY increase in turnover to CYP 34.7 mln or EUR 59.85 mln mainly attributed to higher European export sales as well as higher local sales on the back of the strong local construction sector.  Operating profitability was burdened by the higher average

A single market for a new generation of mass-market consumer electronics (laptops, mobile phones, digital cameras, TVs…), that can exchange data wirelessly at very high rates over short distances is a step closer. The Commission Decision adopted today outlines the mandatory conditions for using ultra-wideband (UWB) technology in these next generation wireless devices all across

Drawing upon the accolades of its highly regarded L’Amour Collection, Nokia has joined creative forces with talented fashion designer Giambattista Valli to craft the Nokia 7373 Special Edition. For this one-of-a-kind cooperation between a thriving creator of new designs and the pioneer in mobile fashion accessories, Nokia returns to the style capital of Paris during

At 1.4% year on year   The harmonised consumer price inflation rate (HICP) fell by 1.7% month on month in January largely thanks to the January sales which saw a drop of 19.4% in the prices of clothing and footwear. Compared with January 2006, the rate was 1.4%. The Statistical Service did not report the

Almost 64% of spyware detected in January by ActiveScan, the online solution from Panda Software, was adware. There are currently three sub-categories of spyware: spyware itself, adware and PUPs. Adware is a type of spyware that displays adverts on infected computers using pop-ups, banners, etc. Spyware compiles information about users’ Internet activity, such as websites visited, searches

Hellenic Bank Pcl (HB) reported a spectacular 353% YoY increase in net profit during 2006 to CYP 34 mln or EUR 58.8 mln from CYP 7.5 mln or EUR 13 mln a year ago. HB Chief Executive Officer Makis Keravnos said the impressive performance was made possible on the back of a substantial increase in

Hellenic Bank Pcl (HB) has declared a final dividend of 4 Cyprus cent or 6.9 euro cent for 2006, which, together with the interim dividend of 2 cents paid in December 2006, increases the total dividend for 2006 to 6 cents or 10.4 euro cents per share.  The cum-dividend date will be on June 8,

The Board of Directors Universal Bank Public Ltd (USB) announced that they recommend shareholders to accept the public offer made by the Greek-based companies Aspis Pronia and Commercial Value for the acquisition of 20%-50% plus 1 share of USB for CYP1.36/share in cash (EUR2.35/share). The Board believes that the offer is fair and reasonable. The

Hellenic Bank Pcl (HB) is forecasting pretax profit to increase by 17.9% YoY to CYP 48.7 mln in 2007 from CYP 41.3 mln in 2006 and to reach CYP 63.6 mln by 2009, according to the 3-year Strategic Plan 2007-2009 presented to the press and analysts on February 22, 2007. HB CEO Makis Keravnos said