Data from the EU statistical service Eurostat show that combined inward foreign direct investment into Cyprus reached EUR 900 mln in 2005, tantalisingly close to the 1 billion mark. Just over half of the investment, EUR 0.5 bln, came from other EU member states, while the remaining EUR 0.4 bln came from outside the EU.

(Unless the gov’t quickly passes two crucial laws) Optimists are hoping that the conflict in neighbouring Lebanon and Israel will lead to long-term economic benefits for Cyprus, just as the economy benefited in the 1980s, when many financial operations shifted from Lebanon to the safer haven of Cyprus and many Lebanese brought the benefit of

Bank of Cyprus Pcl shares rallied sharply in a roller-coaster day and choppy trading conditions ahead of a Board decision today widely expected to withdraw from the bid to seek control of Emporiki Bank of Greece. After opening 4.5% up at CYP 3.90 compared to Tuesday’s close of CYP 3.73, BOC shares traded initially to

Intel is preparing end of line dates for its Pentium D family as it is expected to formally announce its Conroe processors on July 23. The latest Intel roadmap shows that the firm hopes to achieve a crossover position by the fourth quarter of this year, with Core 2 Duos replacing the desktop mix. Intel

TWO YEARS An auction was held on July 7, 2006 for the sale by the Central Bank of Cyprus, for and on behalf of the Government of the Republic of Cyprus, of up to CYP 50,000,000 3.75% Government Registered Development Stock with date of issue July 11, 2006 and maturity in two years. The total