What is the Lisbon Strategy for Growth and Jobs? If the EU makes the right economic reforms now, it can secure a prosperous, fair and environmentally sustainable future for Europe. It can ensure that our economies are well positioned to take advantage of the opportunities offered by globalisation. It can put Europe in a strong

The Tosca Fund has sold 2.5 mln shares that it owned in Marfin Financial Group to Fidelity Fund at 42 euros per share, ahead of the private placement of Laiki Bank shares that Marfin will conduct before the end of the year. The Fidelity deal is valued at EUR 105 mln with Greek stock market

Phishing attacks are increasing in frequency and sophistication while shifting from larger to smaller financial institutions, ZDNet UK reports. Experts have tracked shifts in phishing demographics, and claim they are being driven by a renewed focus on smaller financial institutions. US banks have been building stronger anti-phishing protection, forcing fraudsters to target banks in other

Malicious users are targeting young instant messaging aficionados through bogus profiles that redirect them to adult Websites, where adware is installed on their PCs, SC Magazine UK reports. A number of profiles on BuddyProfile.com, which is a site used to enhance user profiles for AOL Instant Messenger, are sending users to adult sites that install

The top-of-the-line plasma TV from Hitachi, the 42-inch 42PD9700, has just been introduced to the Cyprus market by local distributors Hadjikyriakos & Sons. The new plasma TV uses a H6AliS panel with a 1024×1080 resolution, Picture Master and HD. The device has a motorised rotary base, USB port, memory card slots, two HDMI ports and

– IT company lists on London AIM   Prestigio Systems, a subsidiary of the Cyprus-based Asbis Group, has launched a wide range of digital media centres (DMC) with easy-to-use equipment for advanced home entertainment. The Prestigio DMC packages can replace the personal computer at home or in the living room with a device that hooks up

The European Central Bank is widely expected to raise euro borrowing costs by a further 0.25 percentage point to 3.5% when policy makers meet on Thursday, while during the eagerly waited press conference to follow, ECB President Jean- Claude Trichet may not seem “too worried” following the single currency’s latest surge. With the euro close

  Edited by Michael Kyrou, CFA Vice President CFA Society of Cyprus    Successful investors recognize the importance of education and knowledge when it comes to managing financial assets. But while they may spend countless hours learning about markets, securities, and associated risks, investors often overlook the qualifications of the professionals whom they hire to manage

The Four Seasons Hotel, Limassol, was recognised as the best five star hotel on the island at the recent Argo Holidays Achievement Awards. The ceremony and reception for Argo’s hoteliers and suppliers was held at the SAS Radisson Hotel, London during the World Travel Market exhibition. The Four Seasons was awarded the highest honour as