The format war between the Blue-ray and HD-DVD formats for the next-generation DVD market is almost over, with the chances of the Blue-ray camp skyrocketing as more and more companies bet on the system. The new DVD format will allow consumers to store and replay high-definition video, and the market is expected to exceed US
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When Cyprus joins the euro-zone, provided that it fulfills all the minimum criteria, its share and contribution to European Central Bank (ECB) reserves will be 0.13% or an estimated EUR 60 mln. The 0.13% share of ECB reserves has been calculated on the basis of population and GDP. With ECB reserves now at some EUR
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— Bank remains open daily until 4pm Société Générale inaugurated its brand new Main Nicosia Branch last Wednesday at impressive new premises on Digeni Akrita Ave. designed by Vassilis Hiotis. The event was attended by leading business people, politicians and government officials, including French Ambassador Hadelin de la Tour Du Pin and Nicosia Mayor Michalakis
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— EUR 20.000 maximum covered All banks in Cyprus, including local and the international units, are covered by the deposit insurance scheme, under which, in the event of a default, deposits up to EUR 20.000 will be covered. Central Bank Governor Christodoulos Christodoulou told the Financial Mirror that since the beginning of 2006, all the
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The Deputy prime minister of Bulgaria, Foreign Minister Ivaylo Kalfin, was in Cyprus last week to inaugurate the office of the Honorary Consul in Cyprus, Vakis Loizou. The ceremony took place at the Louis Apollonia Beach in Limassol attended by Labour Minister Christos Taliadoros and Limassol Mayor Demetris Kontides. Kalfin reviewed the historic relationship between
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By Ali Erel President, Cyprus EU Association We, the founders of the Cyprus EU Association, had designated the “Free Trade” vision and we had lobbied on this subject during our office in the Turkish Cypriot Chamber of Commerce. Due to the debates on secularism and presidential elections, the political instability and the economic fragility is
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Owners of the larger supermarkets in Cyprus defied a controversial law that regulates working hours by remaining open between 2pm and 5pm on Thursday, the first day of the official summer period. Stores already stay open daily until 8pm or 9pm on Fridays and many have started opening on Wednesday afternoons as well. Supermarket owners
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