The number of households in Cyprus with internet access recorded a sizeable increase in 2007, according to a Eurobarometer survey, carried out in November and December of last year. According to the Eurobarometer data, Cypriot households with internet access reached 39% recording a 14-point increase compared to the 2006 survey. Despite the sizeable increase, Cyprus
More
Cyprus has implemented successfully European Union programmes, relating to resources from the Structural Funds, according to Andreas Moleskis, Director of the Planning Bureau and chairman of the monitoring committee for 2004-2006 and 2007-2013 programmes. Moleskis also said that not a single euro has been lost from these funds. “The results are already tangible, we have
More
An EU-wide survey of 27,000 households has revealed the emergence of new consumption patterns in telecoms services in Europe. Technological progress and competition have brought more choice to European consumers; 24% of households have given up their fixed telephone in favour of mobile phones while 22% of them are using their computer from home to
More
The CSE Council announced that it has accepted the listing of 13,204,527 nil-paid rights of Finikas Ammochostou Plc, pursuant to Article 58(I) of the CSE Law. The nil-paid rights were allocated to the ratio of 1 right per share. Every 5 rights exercised will be converted into a new fully paid share with an exercise
More
Orphanides Pcl (ORF.CY) is planning to proceed with new supermarket openings to increase its reach in the market and remain the largest chain in Cyprus. Chairman and founder of the company, Christos Orphanides told shareholders during the Annual General Meeting that the Group is waiting for the go ahead from the Department of Town Planning
More
Drought-hit Cyprus started importing water from Greece in a drastic bid to counter a critical shortage which a senior official blamed on climate change at a cost of EUR 40 mln, of which EUR 5 mln is paid to Greece for the water supply and EUR 35 mln spent on transporting the water in tankers
More
As a result of the reinvestment of dividends paid on 10 June 2008, 7.186.618 new ordinary shares of Bank of Cyprus Public Company Ltd were listed increasing the Bank’s issued share capital to 573.409.701 ordinary shares. The shares were issued to the shareholders who participated in the Bank’s Dividend Reinvestment Plan at a discount of
More
Anheuser-Busch Cos. Inc. (NYSE: BUD), a leading global brewer, announced that its board of directors has unanimously determined that the unsolicited, non-binding proposal by InBev (Euronext: INB), the maker of Stella Artois and Beck's, to acquire all outstanding shares of Anheuser-Busch for $65 per share is “financially inadequate and not in the best interests of
More
Aiming to spur competition among operators and lower phone charges for European consumers, the Commission has started public consultation on the future regulation of "voice call termination rates" in the EU based on a draft Commission Recommendation on termination rates. Voice call termination rates are the wholesale tariffs charged by the operator of a customer
More
The National Council will meet on the day after the meeting between President Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat next week. In statements to the press after Wednesday’s cabinet meeting, Government Spokesman Stefanos Stefanou mentioned that the president’s advisory body on the national issue would convene next Wednesday afternoon. “The President has
More