…investments reach CYP 50 mln, market share at 12% Areeba, Cyprus’ alternative mobile phone network announced the official launch of Mobile TV in Cyprus with the offering of the local content from Sigma and ATN1 TV as well as Euronews. During the launch period, Areeba subscribers have access to the service for as little as

Total exports/dispatches reached CYP 52.0 mln in July, according to preliminary estimates, recording a fall of 11.4% on July 2005. On a year-to-date basis, total exports fell by a smaller 1.5%. In the same month total imports/arrivals reached CYP 246.7 mln, a rise of 3.0% compared with July 2005. On a year-to-date basis, total imports

Revenue from tourism reached CYP 155.0 mln in July, according to the Statistical Service CYSTAT, recording a rise of 10.6% compared with July 2005. The sharp increase may be attributed to the influx of evacuees from Lebanon, some of whom stayed in hotels either paid for by themselves or by their governments. However, tourism revenue

— Seeks real estate franchise partners Engel & Voelkers, one of the world’s leading agencies specialising in quality properties in top locations has set up a presence in Cyprus. The German based company is represented in more than 200 shops around the world and has enjoyed a phenomenal growth through a successful international licensing system

— 96 out of 142 are profitable CSE listed companies more than quadrupled their combined first half profits in 2006 to CYP 200.4 mln from CYP 48.3 mln in the same period a year ago, which also surpassed the total 2005 gains of CYP 164.3 mln. According to data compiled by the Financial Mirror, of