Cyprus Stock Exchange Chairman Takis Kleanthous said on Thursday that there was “no change” to the April 3 deadline of moving the Cyprus Stock Exchange onto a common trading platform with the Athens Stock Exchange. “Let me clear out that the deadline for the common trading platform is there, no changes, ourselves and the whole

The Central Bank of Cyprus and Ministry of Finance are encouraging businesses to start pricing and invoicing in both Cyprus pounds and euros immediately, using an exchange rate that will be announced every Friday. The scheme will be voluntary but will become compulsory closer to the adoption of the euro. Cyprus, which joined the Exchange

No consensus was found during the G8 summit on energy security on Thursday. The G8, which consists of the US, Japan, Canada, Russia, Germany, France, the UK and Italy, were divded over the issue of nuclear power, which is opposed by Germany (and a number of non-G8 EU members) but supported by Russia, the US

Alternate telecom provider OTEnet Cyprus, a subsidiary of the Greek telecom giant has filed an official complaint with the Competition Directorate General of the European Commission regarding CyTA’s deal with LTV. OTEnet charges CyTA of abusing its dominant market position and attempting to kill off competition in the promising and lucrative DSL market following its

Communications Minister Haris Thrasou ordered the Civil Aviation Department to block the maiden flight of ajet, which has taken over the operations and aircraft of Helios Airways. “At 9.15am Friday morning, the Civil Aviation called Libra, the mother company of ajet and Helios to inform that their planned flight to Rhodes would not be allowed.”