Eighty-eight percent of the new malware detected by PandaLabs in the second quarter of 2006 was related to cyber-crime. This is one of the conclusions of the newly published PandaLabs report, which offers a global vision of malware activity over this period. The report offers a day by day analysis of the most important events

1,000 tickets available for Verdi’s opera Two prestigious events — the annual Paphos Aphrodite Festival this weekend and the world-class Cyprus Rally later in September – are expected to give a timely boost to the tourism industry, hampered by high labour costs and regional conflicts. Although tourism arrivals were marginally up, about 0,7% in July,

INF stake in Hellenic may come into play Proton Bank of Greece is seen closing the net on Hellenic Bank, judging from the direct and indirect stake it has accumulated in HB, as well as intense reports from Greece that it is interested in taking control of Cyprus’ third largest bank. Adding to the speculation

Woolworth (Cyprus) Properties Pcl (FWW) announced its first half 2006 results with net profit rising by 14%YoY to CYP 1.15 mln yielding an EPS of 1.0 cent vs. 0.9 cent in the same period a year ago. Total revenue declined by 11.6% YoY to CYP 2.9 mln, on the back of a lower surplus from

KEO Pcl (KEO) released its first half results posting a Loss of CYP 3.2 mln compared to a net profit of CYP 74.000 in the same period a year ago. The loss is attributed to a one-off redundancy cost amount of CYP 3.3 mln associated with the recent layoff of 120 of its employees. Total