Demetra Investments to diversify in Cyprus

— Property deals in Romania, Bulgaria Demetra Investments Public Co. Ltd. is continuing on its diversification path as it seeks to play a crucial role in the commercial, investment and private equity

Euro gains after better Ifo

The euro gained sharply on Thursday morning after a better-than-expected Ifo report, which raised speculation that the ECB will continue euro rates while the Fed is on pause following weak US housing

Cypriots prefer foreign currency loans

…deposits surge higher Cypriots continued to prefer loans in foreign currency at the expense of local currency which carried a higher rate, according to the July Monetary Survey of the Central Bank

Atlantic lifts H1 profit by 63%

Atlantic Insurance Pcl (ATL) reported a 62.5% YoY increase in first half profit to CYP 1.35 mln compared to CYP 835k a year ago and CYP 1.68 mln for the whole of

Cyprus IBU loans reach $6.5 bln

International Banking Units (IBUs) based in Cyprus saw a $119 mln decline in advances to customers to $6.58 bln until June 2006, according to the Monetary Survey of the Cyprus Central Bank,

OpenOffice hits back at viral risk claims

OpenOffice.org has hit back at claims that its applications are riddled with security holes, The Register reports. Researchers at the French Ministry of Defense say that OpenOffice is subject to security weaknesses