— 5% of all Internet traffic is infected with malware The average annual cost of computer attacks on companies without adequate security devices has soared to EUR 136.000 (average cost for a company with 10 employees) due to productivity loss, bandwidth consumption, time dedicated by IT staff to cleaning the network, etc. This figure arises

D.H. Cyprotels Plc (DHH) announced that it agreed and sold the 100% of the share capital of its subsidiary company Capital Accommodation (Cyprus) Ltd for the amount of CYP 667,464. Furthermore, an amount of CYP 1,497,536 which Capital Accommodation (Cyprus) Ltd owes to D.H. Cyprotels Plc., will be undertaken to be paid by the new

Cypriot Minister of Finance Michalis Sarris departed for Singapore on Thursday to participate in the annual meetings of the World Bank and the International Monetary Fund (IMF), to be held from September 16 to 20. According to an official press release, Sarris will be participating in his capacity of Governor of the World Bank for

Cyprus has signed the Optional Protocol to the Convention on the Safety of United Nations and Associated Personnel, which was adopted by the UN General Assembly on 8th December 2005. According to an official press release, the protocol is additional to the Convention and can be interpreted in combination with the 1994 Convention on the

— Trade deficit eyes 30% of GDP in 2006, Questions about the balance of payments The trade deficit in Cyprus could reach a record 30% of gross domestic product (GDP) this year as exports continue to decline and imports continue to rise, and could force the government to borrow abroad to keep the balance of

— CYP 500 mln held in Swiss francs Thousands of Cypriot borrowers who have taken out loans in Swiss francs should be anxious to see how much the Swiss National Bank (SNB) will raise interest rates on Thursday, since the decision is likely to have a profound impact on their loan repayments, but also on