The government has approved the setting up of a Technological Park aimed at making the island a center for software development and hi-tech business, with the location most likely to be in Limassol. Commerce and Industry Minister George Lillikas has been authorised by the Cabinet to appropriate or buy the necessary real estate, and has

But Cyprus pound still rock steady   Total imports rose by 7.3% to CYP 3,182.7 mln in 2006, while total exports fell by 10.5% to only CYP 643.98 mln in the same period, according to preliminary figures for December. The trade deficit in 2006 therefore rose by CYP 291 mln to CYP 2.5 bln (around

A leading tracker of online weblogs, or blogs, has released a study estimating that there are now at least 27 mln of the online journals – up a staggering 8 mln from the figure in October 2005. According to the report by Technorati.com, some 75,000 new blogs pop up every day, and a new one