JCC gives e-commerce a boost

Record 3,300 pay road-tax online JCC Payment Systems, the credit card processing consortium owned by the banks, has given Cyprus e-commerce a timely boost by setting up the mechanism for people to

Programme to converge EU-US accounting standards

EU and US accounting bodies have formally agreed to converge accounting standards, following the signing of a Memorandum of Understanding between the United States Financial Accounting Standards Board (FASB) and the International

BOC profits surge 88% to CYP 72 mln

Bank of Cyprus Public Co. Ltd. reported a spectacular 88% year-on-year increase in net profit for 2005 to CYP 72 mln, beating market expectations which had earlier forecast profits ranging from CYP

BOC hikes dividend to 7 cent

The Board of Directors of Bank of Cyprus Public Co. Ltd. decided to propose at the Shareholders’ Annual General Meeting to be held on Tuesday, 30 May 2006, the distribution of a