The Monetary Policy Committee (MPC) decided on Friday that the official interest rates of the Central Bank of Cyprus, the interest rates on the marginal lending facility would remain unchanged at 4.25%. The minimum bid rate on the main refinancing operations remains at 3.25% and the deposit facility remains unchanged at 2.25%. All rates are

Government prepares business and public The Cyprus government is gearing up the public for the introduction of the euro, with two announcements made by different bodies last week. The Ministry of Commerce, Industry and Tourism announced on Friday the creation of a committee to prepare business and consumers for the adoption of the euro, due

Microsoft will be showing a sneak previous of its new Longhorn Service during this year’s annual premier event for IT Professionals and Developers – Momentum 2006. Building on the success of the 2004 and 2005 events, this year Mmicrosoft has again prepared a number of sessions. The highlight of the day is the Ready? To

Capital Intelligence (CI), the international emerging markets rating agency, announced on Monday that it had raised South Africa’s long-term foreign currency rating to BBB+ from BBB- and increased its short-term foreign currency rating to A2 from A3. CI has also assigned long- and short-term local currency ratings of A- and A2, respectively. The outlook is