Societe General (Cyprus) is reported to be engaged in advance negotiations to buy the 12 branches of Emporiki Bank in Cyprus, in an attempt to gain a faster foothold in the highly competitive banking market here. Informed sources told the Financial Mirror that a due diligence report is currently being made to access the financial

According to the results of the Innovation Survey carried out by the Statistical Service among enterprises with 10 or more employees, 48.4% of enterprises had some form of innovation activity during the period 2000-2002. Among industrial enterprises, this proportion stood at 50.6% compared to 46.1% in the services sector. The Statistcal Service notes that these