The central government budget posted a surplus of CYP 92.1 mln (cash basis) in the first quarter of 2005, compared with a deficit of CYP 22.1 mln in the same period of 2004, according to results published by the Central Bank of Cyprus. The government its targeting a general government budget deficit (accruals basis )

Options Cassoulides (OPT), the printing and conference organising group reported a 66% increase in first quarter profits on the back a lower minority interest charge in the P&L. OPT reported that total turnover increased 16% year-on-year to CYP 5.13 mln in the first quarter (Q1) from CYP 4.42 mln but the gross profit margin declined

Multichoice (Cyprus) Public Co. (MCC) delivered a disappointing but widely expected deterioration in profitability, mostly on the back of the shift to a digital platform and one-off charges related to a dispute with Lefkoniko as well as the return of cash to shareholders, which forced interest income lower. Total turnover rose by 7.1% year-on-year to

Tellas, the leading wireline alternative operator in Greece, has selected Ericsson as Solution Supplier and System Integrator for its Video Call Service offering to fixed subscribers. This is the first such service launch in Greece and one of the very few in Europe. Video Call Service offers an enriched communication experience to end-users (domestic and