Six new ministers were sworn in Tuesday after President Tassos Papadopoulos announced a major cabinet reshuffle last week, the first since he took office in March 2003. None of the eleven ministerial posts went to women. The reshuffle follows the May 21 parliamentary elections where the president’s ruling Democratic Party (DIKO) increased its presence in
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A joint effort between RSA Security, the expert in protecting online identities and digital assets, and Panda Software, has detected and neutralised a sophisticated online fraud attack. The companies worked together to help dismantle the control system of a bot network designed to swindle ‘pay per click’ systems, as follows: – Fraudsters set up a
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— New coins and notes to cost CYP 15 mln/EUR 25.7 mln Cyprus expects to break even or make a small profit from the changeover to the euro as of January 1, 2008, on the expectation that while the total cost of printing of the new notes and coins will amount to CYP 15 mln
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Central Bank of Cyprus Governor Christodoulos Christodoulou called for an overhaul on public finances and for a fundamental modernisation and structural changes in the Cypriot economy. At the same time, he said there is “no return or any postponement” from accession to the Eurozone on January 1, 2008, noting “we have the necessary qualities to
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Piraeus Bank of Greece has appeared out of the blue as one of the largest shareholders of Bank of Cyprus Group Pcl (BOC), the island’s largest financial institution, according to the BOC share register monitored by the Financial Mirror. Piraeus is now BOC’s second largest shareholder in Greece, behind UBS subsidiary Julius Bear International, with
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The Cyprus Bar Association announced that the backlog of cases pending in court has eased with the hiring of new judicial and administrative staff, including stenographers, as well as the appointment of new judges. Responding to press and other reports that often refer to the delay in justice in Cyprus, Doros Ioannides, the president of
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