According to the Statistical Service, the turnover value index of wholesale trade and commission trade in Cyprus for June 2006 increased by 0.6 units or 0.4% to 158.1 units compared to 157.5 in May 2006. For period January-June 2006 the index recorded an increase of 8.6% compared to the corresponding period of 2005. The turnover

There are more mobile phone users than there are people in Cyprus, according to the latest figures from the Statistical Service. According to the latest figures on the “Information Society”, there were 1,021 mobile phone subscriptions per 1,000 inhabitants in 2005, compared with 879 in 2004 and 313 in 2000. If you think that 12%

Motorola announced that its eagerly-awaited handset, the MOTOKRZR, is now available for consumers in Hong Kong. Setting yet another benchmark for mobile design, this new handset will wow consumers with a unique solid glass front, full suite of multimedia services, premium craftsmanship, precision detailing and elegant finishes. The cutting-edge mobile is also available throughout greater

The Inland Revenue Department (IRD)announced that revenue for the period January– August 2006 advanced by 33.4% YoY to CYP 500.1 mln compared to CYP 375 mln receipts a year ago in the same period. Specifically, Income tax PAYE receipts increased by 21.2% YoY to CYP 138.3 mln from CYP 114.2 mln a year ago in

Like all other market participants we expect today’s meeting of the FOMC to be a non-event with no change in US interest rates. If this is confirmed, then it will be back to technical considerations to provide direction in view of the fact that there are no significant news due during the week. Last Friday’s

Hellenic Bank Pcl (HB) presented its 3-year Strategic Development Plan, aimed to increase turnover through new products and a further improvement in the quality of service, while at the same time placing new, yet conservative, performance targets which are likely to be met and surpassed. The new strategic plan is the brainchild of CEO Makis

Laiki Bank officials are expected to announce details of their plan to proceed with a three-way merger with Marfin and Egnatia, with the possible inclusion of Dubai Finance at a later stage. An official announcement is due from the Laiki Group Wednesday morning, which will be followed by an extensive press conference at noon, where