— CyTA to enter with Quadro Play miVision, CyTA’s digital platform, is seeking to strike new deals with content providers from Cyprus and abroad, as CyTA rushes to boost the total channels on its pay-TV digital platform from 36 at present to 60. CyTA Chairman Stavros Kremmos told the Financial Mirror that the letter of
More
— Trichet hints at rate hike The first concrete indication of the European Central Bank’s assessment of Cyprus’ progress towards adopting the euro will come this autumn when the ECB will publish its Convergence Report on the 10 new European Union member states, plus Sweden. Speaking during his quarterly report to the European Parliament, ECB
More
Alpha Bank, the Greek financial giant with a 10% grip on local loans, aims to lift its share of the market to 12% by 2010, taking advantage of its competitive pricing policy and flexibility, according to its Managing Director in Cyprus, Costas Kokkinos. In an interview with the Financial Mirror, Kokkinos said that ever since
More
Vassiliko Cement Works (VCW) reported a 36.8% year-on-year increase in net profits to CYP 6.88 mln for 2005 compared to CYP 5.03 mln in 2004, but maintained its final and dividend at the same levels of 2005 in view of its massive investment plans. Following the spectacular increase in profitability, which was achieved on the
More
Laiki Bank Public Ltd. reported a 102.7% year-on-year increase in 2005 profits to CYP 42.8 mln compared to 21.1 mln in 2004, which was in line with market expectations, but surprised on the upside when it revealed that the Board will recomend a doubling up of the dividend to 6 cent per share from 3
More
Pioneer Corp. will start selling its car-navigation system that also plays music and movies in China from March. The Japanese electronics company said that the GPS system, which comes with a touch-sensitive display and voice-activated feature, will offer maps of 20 provinces and two autonomous regions for 19,800 yuan (US$ 2,460). The DVD-based navigator will
More