Commissioner for Economic and Monetary Affairs Joaquin Almunia gave a largely positive assessment of the Cyprus economy and public finances during an official visit to Cyprus last Thursday, but raised concerns about both inflation and wages. He also urged the government to start an information campaign about adopting the euro. Having outlined the four Maastricht

Hellenic Bank Group (HB) reported a 105% increase in first quarter net profits to CYP 2.97 mln from CYP 1.44 mln a year ago, and although the return on equity (ROE) of the Bank jumped to 8.5%, yet bank officials were reluctant to issue a forecast or reveal their medium-term targets. Total net income was

Munich (dpa) – Microsoft is now offering its Windows XP Professional operating system in a version for 64-bit processors. The so-called x64 Windows is offered at the same prices as the traditional 32-bit variant, the software giant reports. The new system increases the power of desktop applications such as those used to create digital content

Education Minister Pefkios Georgiades is frustrated. He has CYP 70 mln to spend on information and computer technology (ICT) in 500 schools, but no one to turn to. He gets frustrated even more when bogus or amateur consultants approach the government “to solve all problems”, costing the state twice as much to repair the first

Microsoft Country Manager in Cyprus George Lakkotrypis says that among the ICT professions, the main growth in demand is for infrastructure applications. “That means Windows Servers, Exchange Servers, SQL Servers which are widely used and have a very large customer base,” said Lakkotrypis. For this kind of infrastructure there are two certificates, the Microsoft Certified