The registered unemployment rate in Cyprus fell for the third consecutive month on May, reaching 3.1% of the laboru force, compared with 3.2% in April. However, the unemployment rate was still a little higher than the 2.8% recorded in May 2004. The number of registered unemployed fell by 193 on the previous month and reached

The EU-harmonised inflation rate as measured by the harmonised consumer price index (HICP) fell to 2.0% year on year in May, compared with 2.8% in April. On a month-on-month basis, HICP rose by just 0.2%. For the period January-May 2005 the HICP recorded an increase of 2.5% compared to the corresponding period of 2004, compared

The Cyprus budget surplus reported initially on a cash basis has bene confirmed with the release of data on the general government accounts for the first quarter that were compiled in accordance to E.U. concepts and definitions. A surplus of CYP 113.8 mln was recorded in the first quarter, with revenue of CYP 828.8 mln

Andreas Georghiou, CEO of Universal Life Group has exercised an option giving him first right on the Bank of Cyprus shares that the Bank wished to sell to Aspis Pronia of Greece. “My decision was taken to protect the independence of the company and to protect the interests of all shareholders, the staff and clients

St. Paul (dpa) – U.S. business software maker Lawson Software Inc. said it is buying Swedish competitor Intentia International for about 480 mln dollars. The new company will have annual sales of about 770 mln dollars, 3,500 employees and customers in 40 countries. Intentia shareholders will receive 0.4519 Lawson shares for each of their own

Munich (dpa) – New tests show that cheap third-party ink for printers does not perform as well as the expensive original cartridges offered by the printer makers. That was the primary finding of a recent study by Munich-based computer magazine Macwelt, which tested some some 132 ink cartridges for the study. The magazine found that