CEOs’ confidence about prospects for revenue growth has reached a record level. Nearly twice as many Chief Executive Officers now feel very confident about revenue growth over the next 12 months compared to five years ago, according to PricewaterhouseCoopers’ 10th annual Global CEO Survey released at the World Economic Forum meeting in Davos, Switzerland. Over

Undercuts MoneyGram, Western Union with 3.5% commission   UNIStream Cyprus Ltd., affiliate of the Moscow-based international money transfer company, has launched its operations in Cyprus, operating four service points in Nicosia, Limassol and Paphos that will challenge the pair of established companies, MoneyGram and Western Union. The money transfer business, that charges fees of up

A large quantity of MySpace user login and password data has been posted online, Virus Bulletin reports. The data was apparently gathered via a spoofed login page linked to from the site, and over 56,000 sets of details made publicly available online. At least some of the details entered make it clear that some visitors

The so-called Storm Worm has evolved into a worldwide ploy to build armies of botnets to send mass spam, SC Magazine UK reports. The malware dubbed Peacomm and Pecoan began spreading last Thursday as an attachment, claiming to have video of last week’s deadly European wind storm. It now arrives in inboxes with a romantic

Microsoft Corporation has recently announced that an extended line-up of gaming titles, technologies and partner support will accompany its premier gaming platform, Windows Vista. The move will enhance the gaming capabilities for PC owners when Windows Vista is launched in the United States on January 30. The announcement was made at the 2007 International Consumer

The western Cyprus coastal region of Paphos took the lead in terms of the value of building permits authorised in the first 11 months of 2006, with the total value authorised rising by 20.6% over the same period of 2005 to CYP 293 mln, compared with a rise of 8.6% for the whole of Cyprus.

Manufacturing output in Cyprus rose for the third month in a row in November 2006, increasing by 4.4% year on year, after a rise of 4.6% in October and 1.3% in September. For the first 11 months of 2006, however, manufacturing fell by 0.2% compared with Jan-November 2005. The main driver of growth in recent

The Board of Directors of A.L. ProChoice Group Public Limited announced that they have received the approval of the Cyprus Stock Exchange Council for the publication of the Public Offer Document for the acquisition of a minimum 70% and a maximum 100% of the issued share capital of CPI Holdings Public Ltd. The offer is

Bank of Cyprus Pcl announced that on Monday, January 29, 2007 the Bank has received a copy of “the public tender offer document” which, according to Marfin Popular Bank, the latter has submitted to the Cyprus Stock Exchange. Since the legality of the submission and the delivery of a copy of such a submission to

The CSE Council has rejected the Marfin Popular Bank takeover bid seeking control of Bank of Cyprus citing violation of Artice 21 of the law and thus has ruled in the same way that the Securities & Exchange Commission had previously ruled, citing the same reasons. This means that the Piraeus Bank offer seeking control