2004 budget deficit drops to 4.2% of GDP

Cyprus on course for the euro According to preliminary general government fiscal accounts for 2004, which are calculated according to EU norms, the budget deficit fell to CYP 306.3 mln, or 4.2%

LTV seeks dual listing on CSE & ASE

Lumiere TV Public Co. Ltd. (LTV) has tabled applications seeking a dual listing of its shares on the Cyprus and Athens Stock Exchanges. Marios Hadjiyannakis, General Manager of Egnatia Financial Services, the

Equity prices stage a rebound

Equity prices stabilised on the Cyprus Stock Exchange and staged a 1.4% rebound on Tuesday, with the GENX closing 1.41% firmer at 84.42 points, and the Main/Parallel ending 1.43% higher at 1179.10

CAIR crew call off strike

Compensations averaged CYP 40,000 Cyprus Airways cabin crew called off their strike last night, after the Ministry of Labour found that both the airline’s management and the unions had violated the code

Harmonised inflation falls to 2.8% in Jan

The Statistical Service announced that the Harmonised Index of Consumer Prices (HICP) recorded an increase of 2.8% in January 2005,compared to the corresponding index of January 2004. The sharpest fall compared with

eBay sued over $1.50

A class-action law suit was filed last week in Santa Clara County Superior Court against online auction giant eBay. The suit claims eBay forces bidders to bid against themselves, a tactic called

Britannica Homework Helper

interFRONTIERS Focus Multimedia have introduced “Britannica Homework Helper”, with the leading encyclopaedia becoming child’s play and fun to use for any young pupil aged 7 to 14. The CD package contains 242.000

Pan Arab Web Awards on March 24

The first Pan Arab Web Awards will be announced on March 24, instead of the previously scheduled date of February 24. The revision in the date was made to assist the panel