Exports and imports boom in 2004

Final data for foreign trade in January-December 2004 show that both exports and imports boomed in 2004. Total exports/ dispatches for the whole of 2004 increased by 14.9% to CYP 548.0 mln,

Vision acquires Ukraine subsidiaries

Vision International People Group Pcl (VIP) has acquired 100% of the share capital of Vision Ukraine Ltd, Vision Kyiv Ltd, Vision Lyiv Ltd, Vision Odessa Ltd and Vision Kharkiv Ltd, all of

Interest rates unchanged at 5.25%

The Central Bank Monetary Policy Committee decided on Friday April 8 to keep the interest rates on the marginal lending facility and the deposit facility, remain unchanged at 5.25% and 3.25% respectively.

CyTA defends rate cuts

CyTA has strongly defended its decision to slash international call rates but says it is abiding with a decision of the Competition Commission to revoke the price cuts. CyTA Chairman Stavros Kremmos