Cyprus Airways Public Limited announced the signing of an agreement on January 4, 2008 with Swissport G.A.P Vassilopoulos (Cyprus) Ltd for a joint venture in ground handling at Larnaca and Paphos airports. Cyprus Airways and Swissport-GAP have submitted a proposal to Hermes Airports for the undertaking of the relevant licenses.

The Board of Directors of The Cyprus Cement Public Company Ltd has decided to revalue the company’s land at EUR171 mln in accordance with the Company’s policy to carry out revaluation of its property at regular intervals. The land was last revalued at EUR42,8 mln (CYP25 million). The revaluation was based on two separate valuations

EU27 unchanged at 6.9% The euro area (EA13) seasonally-adjusted unemployment rate stood at 7.2% in November 2007, unchanged compared with October. It was 7.9% in November 2006. The EU27 unemployment rate was 6.9% in November 2007, the same as in October. It was 7.7% in November 2006. In November 2007, the lowest rates were registered

The EU-harmonised inflation rate in Cyprus followed the path of the national consumer price index in December 2007, galloping ahead to end the year at 3.7%, its highest rate on record. In December 2006, the rate was only 1.5%. For the year as a whole, the harmonised consumer price inflation rate (HICP) reached 2.2%. Inflation

The completion of the previously-announced acquisition strengthens Nokia Siemens Networks’ Carrier Ethernet expertise and gives the company a comprehensive, end-to-end Carrier Ethernet product portfolio, covering demarcation, edge, access, aggregation, metro core, core and ASPEN, the award-winning, industry-leading services management and provisioning platform. The Atrica product portfolio will be fully integrated into the portfolio of Nokia

The Egyptian server market grew 23.9% in volume and 43.2% in value YoY to 6,822 units worth $53.22 mln. The stronger value than volume growth can be attributed to strong sales of midrange and high-end servers. The growth was seen across all market segments. Volume server shipments grew 23.7% and customer revenue grew 35.3% YoY

According to a recent end-user study by IDC, there is little difference between Central and Eastern European and Western European in the percentage of businesses that use printers, copiers, and multifunctional devices. However, the number of devices installed per company is lower by a third in CEE compared to WE. Whereas in WE 90% of

Security provider, Grisoft, announced plans to acquire Australian Exploit Prevention Labs, a developer of safe surfing technology that protects Internet users against malicious web sites and drive-by downloaded exploits. The acquisition will allow Grisoft to leapfrog the safe surfing initiatives of other anti-virus vendors, who have focused on database-driven approaches that are incompatible with the

AOL Europe has announced that it has launched AOL Poland, continuing its strategy of expansion in the European market. Like its counterparts in other countries, AOL.pl offers users free Web tools, including instant messaging, e-mail, unlimited photo storages, video and news. The Polish site also includes Winamp, a media player that users can customize to

The enterprise server market in the Baltic States is expanding rapidly, fuelled by foreign direct investment, the inflow of EU structural funds, massive investments in IT infrastructure by the government and SMEs, as well as by a favourable exchange rate to the U.S. dollar. According to a recent study by IDC, enterprise server shipments in