Nokia launches UMA solution

At the 3GSM World Congress in Barcelona, Nokia launched its Unlicensed Mobile Access (UMA) network solution, along with a variety of other solutions for operators and service providers to enhance network operation

VAT set to fall for some sectors

Cyprus has until March 31 to request lower VAT rates on a small range of labour-intensive sectors, following a deal struck with EU finance ministers on Tuesday. Under the directive adopted by

ASE gets EUR 6 bln of investments from Cyprus

The Athens Stock Exchange has seen EUR 6 bln of investments in Greek major company titles channelled through Cyprus, taking advantage of Cyprus’ comparatively low taxation rate compared to Greece. Official data

Euro-zone inflation estimated at 2.4%

Euro-zone annual inflation is expected to be 2.4% in January 2006 according to a flash estimate issued by Eurostat, the Statistical Office of the European Communities. It was 2.2% in December 2005.

Banks to pay fines for ATM cartel

The Competition Commission slapped a total fine of CYP 100.000 on Bank of Cyprus, Laiki Bank and Hellenic Bank for breaching competition laws with regard to the placement of ATM machines The