Cyprus sales to begin January 14

The Cyprus Commerce Ministry announced that the winter sales period for retail establishments will start from January 14, 2008 and end on March 1, 2008. The sales refers to clothing, footwear, household

Stocks await payrolls for direction

Stock markets around the globe were awaiting the release of the nonfarm payrolls this afternoon from the US for direction, with sentiment mixed with Wall Street closing unchanged on Thursday, while Tokyo

Euro area inflation estimated at 3.1%

Euro area annual inflation is expected to be 3.1% in December 2007 according to a flash estimate issued by Eurostat, the Statistical Office of the European Communities. It was 3.1% in November.

Deutsche Bank bullish on Bank of Cyprus

Deutsche Bank analysts expect European banks to outperform in the event that corporate profits and global growth shows a positive performance during 2008. In a report dated January 2, 2008, DB analysts

Euro hits $1.48 on weak payrolls

The euro rallied to $1.4824 against the dollar immediately after US nonfarm payrolls increased by a smaller than expected number in December, raising fears that the US may be in a recession,

Mobile WiMAX coming to Russia

Russian Telecommunications Holding Comstar United Telesystems (Comstar UTS) assisted by Intel Corp. is going to build a nationwide Russian WiMAX based network (IEEE 802.16e standard). The companies entered into a strategic agreement

Commercial Value seeks CSE listing

Commercial Value SA, the Greek insurer and member of the Aspis Group that recently secured a license to operate in Cyprus, is close to submitting its application to list on the Cyprus