Consumer price inflation was steady in January, as prices rose year on year by 1.6%, the same rate as in December. However, prices fell compared with the previous month, by 1.8%. A price fall in January is usual owing to the January sales. The Statistical Service reported that there were decreases in the prices of

According to figures from the Statistical Service Cystat, industrial output prices stabilised in December, as the index reached 123.9 (base 2000=100), the same as the previous month. For the period January-December 2006, industrial output prices rose by 4.3% compared with the same period of 2005. Prices for export (5.0%) rose faster in this period than

The Central Bank of Cyprus announced the issue of two collector coins, in silver and cupronickel, both of a nominal value CYP1 and year of issue 2007, on the occasion of the 50th Anniversary of the signing of the Treaty of Rome, on 25/03/2007.The issue is within the framework of the decision of euro-area Member

Nokia and Italian operator, Wind Telecomunicazioni S.p.A., have signed a contract that will integrate a customized remote mobile email platform into the operator’s network and host the commercial service. The hosting model allows Wind to focus on marketing and developing its customer relationship while Nokia takes care of mobile email operations and service availability. The

Marfin Popular Bank announced that its majority shareholders, V. Thocharides (4.15% stake), the Lanitis family (4.01% stake) and Andreas Vgenopoulos – CEO (2.56% stake) have informed the Board of Directors of Piraeus Bank that they have rejected the takeover bid submitted by the latter seeking control of the Bank. The majority shareholders reached the decision

Motorola, Inc. has signed an agreement with Neotel, South Africa‘s second national operator, for radio frequency (RF) planning of its WiMAX and CDMA wireless networks in South Africa. Ajay Pandey, Managing Director of Neotel said, “Motorola is ideally placed to bring its vast global experience and competency to effectively support Neotel in achieving its ambitious

DHL, the world’s leading express and logistics company, announced a USD 35 mln investment program in Hong Kong to capitalize on the continued growth of the region’s trade. The program comprises the opening of a new facility in South Kowloon which will enhance DHL Express’ ground handling capacity by about 20%, as well as a

Alkis Hajikyriakou (Frou-Frou) Biscuits Public Co. Ltd., reported an increase in 2006 sales and profits based on the preliminary results with the company also declaring a dividend. Group sales improved 9.4% YoY to CYP 13.4 mln or EUR 23.3 mln in 2006 compared to CYP 12.2 mln or EUR 21.3 mln in 2005. The Gross

Two South Korean computer programmers have been arrested on suspicion of sending out 1.6 billion spam e-mail messages in violation of the country’s commerce laws, Reuters reports. The two men, one aged 20 and the other 26, are suspected of sending out the unsolicited e-mail messages between September and December last year in what police