The Cyprus construction sector is still going strong, with both the value and size of building permits authorised booming in March compared with the same month of the previous year. The total value of building permits authorised rose by 35.4% year on year to CYP 130 mln, while the total area in metres squared rose

Nobel laureate Jack Kilby known as the “father of the microchip” died on Monday in Dallas after a brief battle with cancer, his former employee Texas Instruments announced. He was 81. Kilby, awarded the Nobel Prize in Physics in 2000, was lauded for his invention of the integrated circuit, which ushered in the electronics age.

Deal awaits CB approval The Russian controlled, but Lithuania domiciled Snoras Bank has submitted a letter seeking 50.1% control of the CSE-listed Universal Bank, but needs to secure the permission from the Central Bank to proceed with the deal. The Board of Directors of Universal Life decided to refer the bank to the Central Bank

The Central Bank of Cyprus announced that two eurobond issues previously made by the Republic of Cyprus will commence trading on the NewEuroMTS electronic trading platform from Monday, June 27, 2005. The two eurobond issues are the EUR 500 mln bonds earning 4.375% and maturity 2014 and the EUR 550 mln bond earning a coupon