The General Insurance industry saw premium income during 2005 rising by 8.9% year on year to CYP 180.5 mln from CYP 165.7 mln in 2004 according to the Cyprus Insurance Association. Motor vehicle premium income was up 8% to CYP 84.2 mln from 78 mln in 2004, followed by premium income for Fire, up 7.2%

MFS Holdings Public Company Limited (MFS), which last week was kicked out of the Parallel Market to the Alternative Market because it did not fulfill the CSE minimum market cap criteria, says it wants to return back to the Parallel Market. The CSE transferred the title of MFS because its market cap was below the

On the basis of preliminary estimates for foreign trade in March 2006, total exports/dispatches slipped by 2.1% in local currency terms to CYP 56.7 mln in March 2005, compared with CYP 57.9 mln in March 2005. In March 2006 exports (dispatches) to other Member States of EU reached CYP 34.2 mln (marking a fall of

PandaLabs has detected a phishing attack against clients of the SouthTrust bank and the international PandaLabs network has already registered numerous incidents worldwide related to this attack. The e-mail message used in this new phishing attack purports to come from those in charge of security at SouthTrust, affirming that, due to certain security checks, users

…UBS lifts BOC to CYP 7.20 Bank of Cyprus saw a barrage of upgrades and higher price targets on its share price following the release of the exceptionally good first quarter results. The new investment reports were released by UBS, Deutsche Bank, Keefe, Bruyette & Woods (Kbw) and CLR. UBS, the Swiss banking giant kick

Flash estimates from Eurostat GDP accelerated to 0.6% quarter on quarter both in the euro area and in the EU25 during the first quarter of 2006, according to flash estimates published by Eurostat, the Statistical Office of the European Communities. For both the eurozone and EU25, growth in the first quarter was faster than Q/Q

The Executive Committee of the Paris Memorandum of Understanding on port state control (Paris MOU) has decided that Cyprus must be removed from the Grey to the White List of the Memorandum. The Committee, which met Wednesday, recognised the significant improvement Cyprus has achieved concerning the security standards of the Cyprus fleet and the drastic