Expenditure for research and development in Cyprus in 2005 has increased compared with previous years but continues to be low compared to other European Union members. The Statistical Service of the Republic of Cyprus has announced that total expenditure in Cyprus in 2005 is estimated at CYP 31,9 mln (EUR 54.6 mln) which corresponds to

Moody’s Investors Service has put the Baa1 local currency, and the Baa2 foreign currency government bond ratings on review for possible downgrade because of the size and maturity structure of the government debt in the context of rising domestic interest rates. Moody’s also placed on review for possible downgrade the Baa1 country ceiling for foreign

Nokia and STMicroelectronics announced their intention to deepen their collaboration on the licensing and supply of integrated circuit designs and modem technologies for 3G and its evolution. The two companies also are negotiating a plan relating to transferring a part of Nokia’s Integrated Circuit (IC) operations to STMicroelectronics. The multifaceted agreement will enable STMicroelectronics to

Using famous names as bait to spread malware is becoming increasingly widespread. The names used normally relate to people who, for one reason or another, are currently in the news. In recent months, several names of well-known people have been used by cyber-crooks to trick users. US President George Bush appears frequently according to PandaLabs.

Moody’s Investors Service has placed on review for possible upgrade the B2/Not-Prime long-term and short-term issuer rating and senior unsecured debt ratings of Jetfinance International (JFI) AD — Bulgaria‘s largest consumer finance company.This results from the announcement that BNP Paribas’ consumer credit unit — Cetelem — will be acquiring a 100% ownership stake in JFI.

Nokia has unveiled the Prism collection, its latest range of mobile phones aimed at style-conscious consumers which consists of the 7900 Prism and the 7500 Prism handsets. The two mobile models will be available in the third quarter of 2007 with an estimated retail price of EUR 400 for the 7900 and EUR 210 for

— Eurozone slows, but Asia-Pacific house prices surge   The global house price boom continues in 2007, albeit at a much slower pace and with different set of countries. A dramatic slowdown has taken place in several countries in Europe, despite an evident rise in the rate of price changes in Cyprus. House prices in

By John O’Donoghue, Consultant Adviser, Caratfin Ltd.   As some may have noticed, the markets have been taking quite a beating recently! If ever I get round to writing my book, “O’Donoghue’s Little Book of what Financial Jargon Really Means”, the entry for subprime lending would be: lending money to people who you know can’t

The turnover value of water transport in Cyprus rose by 39% over the corresponding period of the previous year, according to the latest figures from the Statistical Service, Cystat. The figures suggest that Cyprus’s shipping industry, the third largest in the EU after Greece and Malta, is booming, since the few mountain streams that exist