Russian money transfer arrives in Cyprus

Unistream, a Moscow-based money transfer company, has applied to the Central Bank of Cyprus to obtain a license to operate a money transfer business on the island. The new company, Unistream Cyprus,

CAIR pilots to strike next week

Cyprus Airways pilots will carry out a four-hour warning strike on February 9 from 4 to 8pm, protesting outside the parliament building in Nicosia at the way the government, the airline’s board

BOC lifts targets higher

…ROE to 16% by 2008 The Board of Directors of the Bank of Cyprus Public Company Ltd reviewed the Group’s strategic plan for the three-year period 2006-2008 and based on extemely favourable

Fujitsu back in black

Fujitsu has said that it returned to the black in its third quarter with a net profit of 3.3 bln yen (US$ 28.1 mln). In the same quarter from October to December

Construction activity up in 2004

The construction sector in 2004 continued to record a positive rate of growth, registering an upwards trend in its value added in real terms of 5,8% compared to 7,1% in 2003 and

CAIR pilots to strike on Feb 9

Cyprus Airways pilots will be carrying out a four-hour warning strike on February 9 from 4 to 8pm, when they will also organise a demonstration outside the parliament building in Nicosia in

Short term yields dive sharply

After the dramatic decline in 10-year bond yields, the government auctioned new bonds maturity two and five years, which also saw a massive decline in yields since the last auctions were held