Advertising still suffering The services sector in Cyprus continues to perform strongly, according to data on the turnover value of service activities produced by the Statistical Service CYSTAT, with several subsectors showing double-digit increases. However, despite the good news, businesses appear to be holding back on advertising. The fastest rising services sector in terms of

The prices of raw materials in construction picked up slightly in November, rising by 4.3% year on year compared with 3.6% year on year in October. However, the overall trend for the whole year has been downwards. The year-on-year increase slowed from 8.3% in the first quarter of 2005, to 5.3% in the second and

The Central Bank of Cyprus announced the offer by auction on a bid-price basis of up to CYP 100 mln 4.5% Government Registered Development Stock. The issue date will be 2 January 2006 and repayment will be at par in 10 years. The auction will take place on 29 December 2005 and bids will be

Piraeus Bank of Greece has purchased 6.6 mln unexercised rights of Euroinvestment & Finance Public Co. Ltd. (EURO) at 25 cent each for a total price consideration of CYP 1.66 mln or EUR 2.9 mln and in the process raised its stake in the company to 85.37%. EURO announced that of the total 10 mln