EAC wants to join gas monopoly

The Electricity Authority of Cyprus has agreed to take the 39 percent stake offered by the government in a proposed Natural Gas Public Corporation (NGPC), which is to be majority-owned by the

Strike action at Cyprus Airways

The two largest trade unions representing staff at Cyprus Airways (CAIR) have called for a 24-hour strike action on Wednesday, December 12, 2007 and a further 48-hour strike on December 17-18, 2007

Stable outlook for Danish banks/mortgage lenders

The credit outlook for Denmark‘s rated banks and mortgage institutions remains stable, reflecting their strong domestic franchises, limited risk appetites and good financial fundamentals, Moody’s Investors Service said in its new Banking

ECOFIN accepts Cyprus’ VAT exemption

European Union Finance Ministers have accepted a request from Cyprus to postpone VAT on the purchase of foodstuff, medication and restaurant services until the end of 2009. The decision was taken unanimously

Cyprus and Kyrgyz Central Banks sign MoU

The National Bank of Kyrgyz Republic and the Central Bank of Cyprus, expressing their mutual interest and willingness in establishing and promoting bilateral ties in the domain of supervision of credit institutions,

BOC EGM approves euro shiftover

The Extraordinary General Meeting (EGM) of the shareholders of Bank of Cyprus, held on 5 December 2007 in Nicosia, which was attended by 1.387 shareholders, either in person or by proxy, who

Nokia completes Avvenu acquisition

Nokia announced that it has now completed its acquisition of Avvenu www.avvenu.com, initially announced on December 4. Avvenu is a company providing secure remote access and private sharing technology that allows users