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

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

Poland rejects uneven VAT deal

Poland on Monday rejected the proposal on VAT that would have seen lower VAT rates for nine old member states continued until 2010. Unless a last-minute deal is found, these member states