Cyprus to receive EUR 80 mln from EU

The Cyprus government is expected to receive  EUR 800 mln from the EU for the period 2007 – 2013. An amount of EUR 400 mln will be used for corporate development, employment,

Cyprus and Netherlands Central Banks sign MoU

De Nederlandsche Bank N.V. (The Netherlands Central Bank) and the Central Bank of Cyprus, expressing their mutual interest and willingness in establishing and promoting bilateral ties in supervising credit institutions, signed a

Kontominas ponders Cyprus insurance return

Demetris Kontominas is reported to have secured control of the dormant Ledra Insurance from the Hellenic Bank Group, which if confirmed will signal his return back to Cyprus. The Greek financial web

Muskita lifts 9M06 profits by 24%

Muskita Aluminium Industries Plc (MAI) reported a highly satisfactory 24.3% YoY increase in net profits to CYP 3.99 mln or EUR 6.9 mln compared to CYP 3.2 mln  a year ago in

Anti-piracy raids continue in Kuwait

The Kuwaiti Ministry of Information raided three computer resellers involved in the use and trade of illegal software. The raids resulted in the confiscation of two computers, one hard disc and 97