Consumer prices fell for the third straight month in February, with the consumer price index falling by 0.07% to 102.08 units. Year-on-year inflation therefore eased to 1.45% from 1.64% in January. The Statistical Service reported that the monthly fall was mainly owing to decreases in the prices of some fresh vegetables and petroleum products. Increases
More
The project on the exhumation, identification and return of remains of persons listed as missing since the Turkish invasion in 1974 is progressing at a satisfactory pace, according to the Committee on Missing Persons in Cyprus (CMP). Exhumations have continued over the past few years at locations where there were reportedly mass graves of soldiers
More
Victor M. Aguado, Director General of EUROCONTROL, has called on Cyprus to improve its technical infrastructure, but also the institutional and governing arrangements of its air navigation services and regulation, in view of the increasing future traffic demands. In a speech at the ceremony for the laying of the foundation stone for the new Air
More
Cyprus is bracing itself to deal with increasing competition from neighbouring countries in an attempt to maintain its current tourist traffic and also to improve its services and facilities and diversify its targeted markets, according to Panos Englezos, Chairman of the Cyprus Tourism Organisation (CTO). In an interview with the Cyprus News Agency, he said
More
Cyprus and France have signed a defence cooperation agreement, described by both sides as a ‘routine pact’ that arose from the need to upgrade cooperation following Cyprus’ provision of ground and other services to French and multinational forces during the Lebanese crisis last year.The agreement, signed at the Ministry of Foreign Affairs in Paris by
More
In its annual report on Turkey, Moody’s Investors Service says the government’s Ba3 debt ratings reflect an economy resilient to financial or political shocks as a consequence of fiscal consolidation, monetary stability, and the floating exchange rate. The ratings outlook is stable, while Turkey‘s Ba1 foreign currency country ceiling for bonds is based on the
More
Nokia and Glu Mobile, a leading creator of mobile games, announced that Glu will be publishing a selection of mobile games and content on the N-Gage platform. Glu’s portfolio of top-rated games includes original titles like Super K.O. Boxing!, Stranded and the Ancient Empires franchise, as well as titles based on major brands from Atari,
More
Spyware and trojans were the malware responsible for most infections in February, according to PandaLabs. As in January, spyware accounted for 33% of the infections detected by ActiveScan. Meanwhile, trojans have increased two points in comparison to January, causing 25% of infections. “The aim of malware creators is purely financial and trojans and spyware are
More
Vassiliko Cement Works Pcl (VCW) reported a highly satisfactory preliminary 2006 results with net profit increasing 54.09% YoY to CYP 10.67 mln or EUR 18.46 mln compared to CYP 6.93m in 2005, well above market estimates. Total sales surged 8.5% YoY to CYP 49.78 mln or EUR 86.12 mln, on the back of  the combined
More