Bank of Cyprus chief executive Andreas Eliades went on the defensive Monday saying that he saw no prospects of cooperation whatsoever with Marfin Popular that took control of a strategic 8.07% stake from Piraeus Bank to become the largest shareholder in the Cypriot bank. Eliades said that any further actions on Bank of Cyprus would

Transport, health and education rise fast   The price of imported petroleum products fell in Cyprus during the first two months of 2007, dropping by 2.9% compared with the corresponding period of 2006. Meanwhile, the price of locally produced goods rose by 4.2%, primarily as a result of higher agricultural prices. Imported agricultural prices were

According to figures from the Statistical Service, the producer price index of pork decreased by 7.7% in 2006, dropping to143 from 155 in 2005. In December 2006 the producer price index of chicken meat increased by 7.4% compared to January 2006. The producer price index of cow’s milk recorded a slight decrease in the second

Residential house prices accelerated compared with the year earlier in February, according to the BuySell Home Price Index prepared by MFC S. Platis. The hedonic BuySell Home Price Index, which takes into account factors such as quality, reached 120.14 in February, a rise of 9.4% compared with February 2006. Home prices in January were 8.7%

The harmonised consumer price inflation rate (HICP) fell by 0.3% month on month in February, leading to a year-on-year rate of 1.2%, compared with 1.4% in January. According to our calculations the 12-month HICP rate (Mar 06 to Feb 07) was 2.1% and therefore within the Maastricht target. The 12-month HICP rate is the one

The Statistical Service estimates that the total amount of municipal solid waste generated in 2005 stands at 553 thousand tonnes compared to 540 thousand tonnes in 2004, showing an increase of 2.5%. From the total amount generated in 2005, 88.4% was delivered to landfills and the remaining 11.6% is estimated as having been collected for

Japan‘s National Police Agency has released an annual survey of cybercrime statistics, showing a further sharp rise during 2006, Virus Bulletin reports. Some 4,425 computer crimes were recorded by police last year, more than four times the number for 2000, when police began collating their statistics. Among the crimes reported, password theft was thought to

A variant of the trojan horse known as Storm Worm emerged last Monday, targeting people who post blogs and notices to bulletin boards, CNET reports. The new Storm Worm variant attacks the machines of unsuspecting users when they open an e-mail attachment, click on a malicious e-mail link or visit a malicious site. But the

The European Union will officially launch a crackdown on cross-border scams, including Internet fraud, this week, ZDNet UK reports. The scheme, called the Consumer Protection Cooperation Network, is an Europe-wide network designed to help law-enforcement bodies tackle crooks who defraud victims in one country while operating in another. This network of consumer protection watchdogs has