Mood of optimism also in big business The government expects economic growth to exceed 4% for five years running, according to the leaked latest annual Convergence Programme submitted to the European Commission, a forecast which could be backed by business sentiment, according to Financial Mirror sources. The report leaked to Phileleftheros last week shows the
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Two of the island’s leading advertising agencies, Telia & Pavla/BBDO and Ekkeshi Consultants, are joining forces to create a new “below the line” company to provide professional marketing and promotional services. The new agency, The Worx BTL & Direct Marketing, will be launched to the media and clients at the Hilton in Nicosia today in
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Societe Generale Cyprus is offering investor loans to thousands of Bank of Cyprus shareholders to help them exercise their rights into shares during the December 13-19 conversion period. The BOC rights (BCRI), which made their debut on Tuesday ended at 16.2 cents in a range of 15.3-16.4 at a time when the fully paid shares
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Economy also catching up Land prices in northern Cyprus have rocketed by 172% in two years and prices of housing units have leapt 36%, according to research carried out by S. Platis Economic Research and sponsored by the Peace Research Institute of Oslo (PRIO). This is much faster growth than in the south, where land
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Laiki Bank, reporting its results on Friday, is seen lifting nine month profits by 77.5% year-on-year to an average of CYP 28.4 mln compared to CYP 16 mln in the same period a year ago, according to a Financial Mirror poll. The poll was conducted among the three leading forecasting financial services firms that have
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Ozker Ozkur, the former leader of the Turkish Republican Party (CTP) and later Secretary General of the United Cyprus Party, died at his home in northern Nicosia late Tuesday. Despite his failing health, he continued to show interest in the latest developments in the political stalemate and often urged both communities to make a final
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EDITORIAL Every day the folly of the Greek Cypriot leadership in its refusal to take the historic opportunity to negotiate properly ahead of the referendum to reunite the island last year, ensuring that Greek Cypriots voted against a plan that could have been more digestible had any Greek Cypriot bothered to try, is shown to
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A variant of the Sober worm disguised as an email from the intelligence agencies is threatenning computers, according to a report on RedHerring.com. The Sober email worm that first struck in 2003 has made another comeback through a variant disguised as an email from the U.S. Federal Bureau of Investigation or the Central Intelligence Agency,
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