…focus on wholesale banking  Greeec’s Eurobank EFG said that it plans to open four branches in Cyprus over the next three months to focus on its wholesale business and servicing international customers. Nikolaos Nanopoulos, Eurobank EFG Group CEO said an application has been submitted to the Central Bank of Cyprus to open a 100%
More
The steady and robust pace of the global economy is masking unprecedented challenges: while a stronger and more sustainable equilibrium is easily discernible and a cooperative solution is more imperative than before, global economic policy negotiations have become more complex and perhaps intractable, according to Pierre Cailleteau, Chief International Economist at Moody’s Investors Service. As
More
Ericsson and pan-African telecom operator MTN have kick-started their commitment with The Earth Institute at Columbia University to bring connectivity and telecom services to the Millennium Villages. The first village to receive these services is Mayange, Rwanda, which is getting support in healthcare, education and small-business development to empower social and economic growth in the
More
Motorola, Inc. is dialing up the experience of hands-free driving with the introduction of the MotoRokr T505 Bluetooth In-Car Speakerphone and Digital FM Transmitter, its first road-ready, music-oriented Rokr accessory and the latest addition to its portfolio of in-car solutions. The MotoRokr T505 enables consumers to connect a compatible Bluetooth enabled phone to the car
More
Western Digital has launched its smaller, sleeker My Book storage solutions: My Book Home Edition, Office Edition and Essential Edition. Ranging from 1Â TB to 320 GB, home users will appreciate the automatic and continuous backup of their precious memories, whereas office users will rely on the remote access and sharing capabilities. The Essential Edition meets
More
The Cyprus Government detects an intention by certain countries to upgrade the illegal state in the Turkish occupied north of Cyprus, Government Spokesman Vassilis Palmas said here today. He added that this attitude follows the rejection of the Annan Plan by the Greek Cypriots in 2004, noting however that the Government must make every effort
More
Cypriot Foreign Minister Erato Kozakou-Markoullis stated she does not anticipate other countries to follow Britain’s example as regards the illegal regime in the Turkish occupied north of Cyprus, noting however, the government is monitoring the movements of various countries on the issue. Speaking before departing for Serbia for a two-day official visit, Markoullis was invited
More
The European Union has called on Ankara to meet its obligations to Brussels as soon as possible, adding that Turkey can only join the Union if it complies with EU principles and laws. European Union Enlargement Commissioner Olli Rehn has said that Turkey has to meet its obligations in connection with the implementation of the
More
A reduction in aircraft traffic was recorded at Larnaca and Paphos airports during July and August 2007, compared with the corresponding period last year. An official press release issued here said that in July this year aircraft traffic at Larnaca International Airport, on the south coast, dropped by 5.8% and cargo traffic by 16.7%, while
More
2-year Treasury notes have posted their biggest gains in more than five years. Deepening concerns about housing and credit-market losses sent investors flocking to the safety of Treasury bonds. The yield on the 2-year note dipped to 3.78% while the yield on the 10-year fell to 4.39%. The price action left the yield curve, as
More