Cyprus has until March 31 to request lower VAT rates on a small range of labour-intensive sectors, following a deal struck with EU finance ministers on Tuesday. Under the directive adopted by the Council of (Finance) Ministers, all member states, including the ten new members, can apply reduced VAT rates for certain labour-intensive services until

The Athens Stock Exchange has seen EUR 6 bln of investments in Greek major company titles channelled through Cyprus, taking advantage of Cyprus’ comparatively low taxation rate compared to Greece. Official data revealed by Greek authorities showed that by the end of January, the participation of foreign investors in the Greek stock titles was 40.83%

Digimed considers a 25% stake in LTV CyTA subsidiary Digimed Communications Ltd. and Lumiere TV Public Co. have signed a letter of intent according to which the programmes of subscriber channels LTV and Alfa will also be transmitted through miVision, CyTA’s digital platform. This is in addition to LTV and Alfa’s present mode of reception

Sony Ericsson and Nokia intend to co-operate to achieve interoperability in DVB-H enabled devices and secure multivendor mobile TV services and pilots from 2006 onwards. Sony Ericsson and Nokia recognize DVB-H as the preferred technology for terrestrial digital broadcast mobile TV, with both parties being active in ongoing standardisation and technology development to enable an

At the 3GSM World Congress in Barcelona, Nokia launched its Unlicensed Mobile Access (UMA) network solution, along with a variety of other solutions for operators and service providers to enhance network operation and enhance customer satisfaction. As a key part of the Nokia Unified Core Network solution for converging networks, UMA technology enables the use

Vote to be taken this week The European Parliament begins the plenary debate on the so-called Bolkestein directive on Tuesday as protesters across the EU demonstrate against the plan to liberalise trade in services. The vote on the directive will be taken on Thursday and is likely to be passed with so many exclusions that