A recent leader in Financial Mirror complained bitterly about the failure of Cyprus to capitalise on its attractiveness as a potentially ideal location for foreign investment and as a regional hub for high value services. Cases were cited of major foreign corporations being turned away by bureaucratic inertia. One could have added poor industrial relations,

Ten years after the internet began to change the world, almost one billion people are “online”, and the United Nations intends to raise this number to three billion by the year 2015. Despite the increase, however, large areas across the world continue to be without access to the “World Wide Web”. A tour of the

Two Hong Kong men who set up an online directory of prostitutes that received up to 100,000 hits a day have been fined 12,000 U.S. dollars, a news report said Friday. The men were found guilty of conspiring to live off the earnings of prostitutes, an old law that is usually used against pimps. According

The European Commission said in its Autumn Forecast produced on Thursday that it forecast real GDP growth in Cyprus to pick up to 4.0% in 2006 and 4.2% in 2007 on the back of strengthening growth in Europe, after an expected 3.9% in 2005. The forecast projects a budget deficit of below 3% of GDP