News Corp buys internet firm

News Corp, the company run by media mogul Rupert Murdoch, has made one of its first major internet purchases. It has bought Intermix Media, owner of Myspace.com, the fifth most-viewed internet domain

New Issue of 4,25% bonds

The Central Bank of Cyprus announced a new issue of up to CYP 12 mln Government Registered Development Stock with three years maturity and interest at 4,25% p.a. The interest, which is

CB tells Snoras to wait

The Central Bank has decided to postpone evaluating a request by the Lithuanian Snoras Bank, seeking permission to buy a controlling stake in Universal Bank pending the outcome of a court fight

Evagorou to head Demetra Investments

AKEL Deputy Stavros Evagorou has been elected as the new Chairman of Demetra Investments, following a Board meeting held on July 15 after the election of the members during the AGM of

Cypriot tourists flock to Istanbul

A record number of up to 3000 Cypriots are expected to travel to Istanbul, making the city as the fastest growing destination for Cypriot tourists, according to Akis Kelepeshis, the Chairman of