Mobile phone subscribers of the dominant Cyprus telecoms provider, Cytanet, received a message from both Cytanet and the police today, urging them to “play fair” and avoid drugs. “Sports: fair play, drugs: unfair play. Play life fairly! “Message of life from the Cyprus police and CyTA”, said the message.
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A truck drivers’ strike that has paralysed the island’s transport sector for a second day on Thursday, is costing the economy CYP 3 to 4 mln a day, as imports are not delivered and exports are grounded. Hardest hit is the construction sector with a halt in cement, iron and wood deliveries expected to cost
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The number of the new Bank of Cyprus shares which have resulted from the participation of the eligible shareholders in the Dividend Reinvestment Plan for the 2004 dividend amounts to 2.642.800 shares, the Bank said. The total number of the Bank’s shares including the new shares amounts to 467.413.395. The Bank has applied to the
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CyTA decided to ignore a temporary directive issued by the Competition Commission ordering it to reverse its recently announced price cuts on mobile telephony rates. In response to a complaint filed by areeba, the Competition Commission had ruled that CyTA needs to reverse its price reductions on mobile telephony rates and revert to its pricing
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The Cyprus Harmonised Index of Consumer Prices (HICP) during June 2005 recorded an increase of 1.5% compared to the corresponding month of June 2004, compared with around 2.5% in the EU25. This marked a slowdown from May, when prices rose by 2%, and from June 2004, when the annual rate of change was 2.4%. For
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Manthos or Tony for KEVE President? Two leading candidates will be challenging the leadership of the the biggest employer group, the Cyprus Chamber of Commerce and Industry (KEVE), following the appointment of its present President, Vassilis Rologis, as the new chairman of the Bank of Cyprus Group. The new KEVE president will be chosen by
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EU-wide investment falls Data released by the European Union statistical service Eurostat show that Cyprus attracted EUR 1 bln (about CYP 588 mln) of foreign direct investment (FDI) in 2004, up from EUR 0.9 bln in 2003 while it invested EUR 0.5 bln worth of FDI abroad, the same level as in 2003. Half of
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Average price at CYP 86,218 In June 2005, home selling prices in Cyprus recorded a considerable increase of 1.1% since May 2005. The June increase brought home prices to an accumulated 3.6% for the first half of 2005. The BuySell Home Price Index rose to 110.7 and the Average Home Price to CYP 86,218. The
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