Lira down 16.5% since May 1 The Central Bank of the Republic of Turkey (CBRT) is expected to raise interest rates at an emergency meeting on Wednesday in order to support the Turkish lira, which has taken a battering as investors have pulled out of emerging markets in the past few weeks. The lira has

Millions of pounds of revenue are lost each year to software piracy in Cyprus, with the price tag estimated to cost manufacturers at least CYP 4.5 mln annually. Though the software piracy rate is on the decline, but according to Microsoft’s account manager in Cyprus, at least 25.000 out of 50.000 PCs sold in Cyprus

CLR Securities & Financial Services maintained its lead as the brokerage firm with the highest CSE market share, while the CSE rankings also show that 6 firms control 80% of the market. The CSE data showed that CLR had a 20.4% share of the CSE market in May, down slightly from April’s 21% stake. CISCO,

The Commission for the Protection of Competition imposed a total of CYP 535.000 in fines on LTV Public Co. Ltd., Multichoice Holdings (Cyprus) Ltd (MCC) and the Dutch NetMed for violation of its competition rules. CPC Chairman George Christofides told reporters that the fine on LTV will amount to CYP 275.000, on MCC the fine