The European Central Bank (ECB) left its key borrowing rate unchanged after injecting billions of more euros into the banking system to ease the credit crunch, which has seen short term bank rates shoot way above the ECB’s refinancing rate of 4 percent. The euro dipped against the dollar after European Central Bank President Jean-Claude
More
Cyprus Trading Corporation Plc (CTC) announced that it has extended the period of acceptance given to shareholders of Woolworth (Cyprus) Properties Plc (FWW) with the consent of the Securities & Exchange Commission until September 26. The extension has been given due to the delay in the securing of a permit from the Commission for the
More
The Council of Ministers has appointed former Supreme Court Judge Panayiotis Kallis to the post of President of the Commission for the Protection of Competition, after the resignation of George Christophides.Panayiotis Kallis was born on 9 April 1937.He studied Barrister at Law and served as District Judge from 1982 to 1988, Senior District Judge from
More
Turkish Cypriots Ali Erel and Mustafa Damdelen submitted on September 3rd an application to the European Court of Human Rights (ECHR) against the Republic of Cyprus.A press release issued by Turkish Cypriot Cyprus EU Association and signed by Erel and Damdelen, said the applicants continue to seek to reactivate their constitutional rights providing for political
More
In its annual report on Moldova, Moody’s Investors Service said the country’s speculative grade ratings reflect its limited economic base, the need for extensive structural reforms, and its vulnerability to energy price fluctuations given its reliance on imported energy. Moldova’s B3 foreign currency bond ceiling is based on the foreign currency government bond rating of
More
Sheikha Lubna Al Qassimi, the UAE Minister of Economy, is one of five women in the Middle East considered by Forbes magazine to be among the world’s 100 most powerful women. The Forbes article credited Sheikha Lubna with creating more transparency and corporate governance in the UAE, and recognised her effective negotiation skills and intensive
More
3 Scandinavia and Nokia Siemens Networks have launched a commercial 3G Push-to-Talk and Presence service in Sweden. The service enables people to use their mobile phones like walkie-talkies, communicating with a selected group or with individuals at the push of a button. In selecting the Nokia Siemens Networks hosting solution to host its commercial Push-to-Talk
More
Panasonic has announced the Middle East launch of its second digital single-lens reflex camera with an interchangeable lens, the DMC-L10, that features an advanced 2.5-inch free angle LCD for full time live view that offers 270 degree rotation and a versatile shooting style. A 10.1-megapixel Live MOS Sensor provides the beautiful images with delicate gradation
More
About 59% of companies that scanned 20-30,000 PCs with Malware Radar had active malware on their computers. Malware Radar is an online, on-demand, automated malware audit service for businesses, which detects and eliminates all malicious code (viruses, trojans, spyware…) installed on corporate networks. It also identifies security flaws in computers. As it’s an online service,
More
Efforts are underway to establish Cyprus on the international tourist map as a destination offering a wealth of unique experiences beyond the traditional ‘sun, sand and sea’. Within the framework of its “Rural Tourism Promotion Plan†(50% funded by the European Regional Development Fund), the Cyprus Tourism Organisation (CTO) is planning a series of events
More