Sanyo Hellas SA has become the latest Greek company to secure majority control of a Cypriot company, after Exelixis Investments (EXEL) announced that Sanyo has become its largest shareholder with a 70% stake. Sanyo has paid the amount of CYP 2.6 mln to assume 70% control of the listed shares of Exelixis as well as

The unemployment rate reached 5.9% of the labour force in the first quarter of 2006, compared with 5.4% in the same quarter of 2005, according to the results of Labour Force Survey, which is carried out in accordance with European Union methodology. The Statistical Service has stopped producing monthly registered unemployment rates. The total number

With Israeli forces in action once more in both Gaza and Lebanon, the clock has been turned back in two areas of the Middle East, exposing the fragile foundations of diplomatic efforts to resolve the region’s long-running crises and throwing the region’s economy into jeopardy, the Middle East Economic Survey reported Monday. The destruction of

Payment cards under scrutiny Retail banks should expect more scrutiny from the European Commission over their operations, especially in the area of payment cards, following a public hearing in Brussels on July 17. The hearing discussed the preliminary findings of the European Commission’s sector inquiry into competition in retail banking. The sector inquiry is looking