Almunia raises inflation, wages concerns

Commissioner for Economic and Monetary Affairs Joaquin Almunia gave a largely positive assessment of the Cyprus economy and public finances during an official visit to Cyprus last Thursday, but raised concerns about

Hellenic Q1 profits jump 105%

Hellenic Bank Group (HB) reported a 105% increase in first quarter net profits to CYP 2.97 mln from CYP 1.44 mln a year ago, and although the return on equity (ROE) of

XP professional gets 64-bit version

Munich (dpa) – Microsoft is now offering its Windows XP Professional operating system in a version for 64-bit processors. The so-called x64 Windows is offered at the same prices as the traditional

ICT developers in demand

Microsoft Country Manager in Cyprus George Lakkotrypis says that among the ICT professions, the main growth in demand is for infrastructure applications. “That means Windows Servers, Exchange Servers, SQL Servers which are

Frou-Frou factory construction works begin

Targets to lift ROE to 15% Alkis Hadjikyriakos (Frou-Frou Biscuits) Ltd. has announced that the construction works on a new factory situated at the company’s distribution centre in Kokkinotrimithia have started. Chairman