Cyprus ship demand raises petroleum sales

The total sales of petroleum products in September 2007 recorded an increase of 3.6% compared to the previous month, according to the Statistical Service Cystat. Cystat attributed the increase mainly to a

Estonia and Cyprus financial institutions sign MoU

The Estonian Financial Supervision Authority and the Central Bank of Cyprus have signed a Memorandum of Understanding expressing their mutual interest and willingness in establishing and promoting bilateral ties in the domain

Daily FX Commentary – Finotec

Sub prime affect lower the U.S stocks, push the Yen higher By Rodian Rahnayev 06 November 2007 Finotec Analysis Team       EUR/USD USD/JPY GBP/USD USD/CHF Resistance 1.45351.45251.4500 115.95115.40114.90 2.11002.10002.0898 1.17351.16701.1620

CySEC fines 11 financial firms

The Cyprus Securities and Exchange Commission announced that following its board meeting on 22 October 2007, it decided to impose administrative fines on the following Cypriot Investment Firms (CIFs) amounting to CYP

FTSE/CySE20 revamps index

The Advisory Committee of the FTSE/CySE20 index has decided to revamp the index after taking into consideration the past performance of the index from April until end of September 2007. The companies

Cyprus airport traffic up in October

Hermes Airports Ltd recorded another strong month in October for passenger traffic at Larnaka and Pafos International Airports. Nearly 776,000 passengers travelled through the two Airports in October 2007, a 3.94% increase