UK factory sector returns to growth in July-CIPS

British manufacturing activity grew last month for the first time since March 2008, benefiting unexpectedly from the fastest flow of new orders since November 2007, purchasing managers' data showed on Monday. The

Cyprus draws new action plan to attract FDIs

The Ministry of Finance and the Cyprus Investment Promotion Agency (www.cipa.org.cy) have agreed to formulate an action plan to solve procedural issues hindering foreign direct investments in Cyprus. Finance Minister Charilaos Stavrakis

Hellenic Bank nets online bank award

Hellenic Bank’s online NetBankiong service has won Global Finance magazine’s award for “Best Integrated Consumer Bank Site” in the regional category for Best Consumer Internet Banks. The prize was announced in New

Cyprus employers worry about low productivity

The Employers and Industrialists’ Federation (OEV) has said it is “most concerned” about the low rate of productivity of Cypriot enterprises, which has already been hurt by the limited amount of lending

Georgia flights to Cyprus start in September

Georgia’s newly-appointed resident ambassador in Cyprus, Vladimer Konstantinidi, met with Christodoulos Angastiniotis, the president of the Nicosia Chamber of Commerce and Industry (EVEL) and other officials, with whom he discussed ways to

Cyprus to acquire its first wind park

Cyprus government signed on Friday a contract for the construction of the island's fist wind park, expected to be completed in mid 2010. The park, one of the biggest in the Eastern