The Cyprus EU-harmonised inflation rate climbed for the third month in a row in October, reaching 2.2% compared with October 2004. Compared with September 2005, prices rose by 1.1%. The fastest rising category was that of housing, water, electricity and gas, which is affected by high international oil prices. Around 98% of Cyprus’ electricity generation

Vision International People Group has replaced Muskita Aluminium as Cyprus’ fifth title in the FTSE -Med 100 index, which comprises the top companies from Greece, Israel and Cyprus. Following a review of the Advisory Committee of the FTSE-Med 100 index, which was first launched on June 19, 2003, it was decided that Muskita Aluminium will

Internet file-sharing site Grokster has shut down operations to settle a copyright violation lawsuit filed against it by the recording industry. Visitors to the Grokster website on Monday were greeted with a statement denouncing the copying of copyrighted music rather than the previous invitation to download software that allows them to search the computers of

Laiki Bank has agreed to pay EUR 70 mln to acquire a majority stake in the Serb based Centrobanka, in a deal that includes a commitment to increase the share capital by EUR 30 mln, according to Reuters quoting Centrobanka sources in Belgrade. The statement comes in sharp conflict of an official statement made by