MySpace tops popularity charts

Social networking site MySpace, extremely popular among youth and amateur users, has reached 70 mln active monthly unique users, with one in four Americans using the site, according to comScore MediaMetrix. ComScore’s

Cyprus construction output accelerates in Q1

Construction output in Cyprus accelerated in the first quarter of 2007 according to preliminary figures from the Statistical Service, Cystat. Gross output rose by 4.7% over the first quarter of 2006, compared

Fitch upgrades Cyprus’ rating

Fitch Ratings announced that Cyprus‘s Long-term foreign currency Issuer Default Rating (“FCIDR”) has been upgraded to ‘AA-‘ (AA minus) from ‘A+’. Fitch also revised Cyprus‘ local currency IDR to ‘AA-‘ from ‘AA’.