The Statistical Service of Cyprus has published the detailed monthly report entitled “Intra-Extra E.U Trade Statistics (Summarised Data)” for June 2007. Total imports/arrivals (covering total imports from third countries and arrivals from other member states) in January-June 2007 amounted to CYP 1,721.1 mln, compared with CYP 1,614.3 mln in January-June 2006. Total exports/dispatches (covering total

The AXA Group has announced its integration into the Dow Jones Sustainability Indexes, which select the top 10% most advanced companies in terms of sustainable development in the world. “The AXA Group is proud to join the Dow Jones Sustainability STOXX and WorldIndexes”, declared Henri de Castries, Chairman of the AXA Group’s Management Board. “This

Cyprus has asked the Commission for permission to delay the imposition of 15% Value Added Tax (VAT) on land purchases, limited ranged of foodstuffs and medicine until mid-2008 or 2010 instead of January 2008. Finance Minister Michalis Sarris said a number of other EU member states had made a similar request and is confident that

The Cyprus State-owned and managed Social Insurance Fund, which probably has the lowest return on investment of less than 4% is free to make its own investment decisions, including its insistence to stay away from investing in the Cyprus Stock Exchange (CSE) said Finance Minister Michalis Sarris. Speaking at the House of Representatives, Sarris was

Switzerland and Russia impose the highest rental income taxes in Europe, according to a study by Global Property Guide on the tax situation in more than 90 countries around the world. According to the study, “Global rental income tax comparison”, the effective income tax rate in Geneva, Switzerland can be as high as 48.6% on

SINA, China’s leading online media company, has joined Nokia’s ongoing mobile multiplayer games competition as a sponsor to support the global search for new game developer talent and bring a new breed of innovative, connected mobile games to the Chinese market. As a result, Nokia announced that the deadline for accepting mobile game concepts based

Ericsson announced that it has successfully participated in a real-time, global, network-interoperability demonstration in Berlin at ECOC07, Europe‘s largest optical communications event. Carried out in conjunction with the Optical Internetworking Forum (OIF), comprising seven of the world’s largest telecommunications companies, the live demonstration highlighted the compatibility of Ericsson’s optical portfolio with other vendors’ equipment and

Standard & Poor’s Ratings Services said that it revised its outlook on Swiss banking group UBS AG to negative from stable. At the same time, the ‘AA+/A-1+’ counterparty credit ratings were affirmed. Furthermore, Standard & Poor’s revised its outlook on core subsidiaries UBS Ltd., UBS Loan Finance LLC, UBS Bank (Canada), and UBS Securities LLC